Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-07-21
MLonetarp ai0 Commercial.
Monetary and Commercial.

The Memphis papers lsth instead of the statement Of
the condition the Citizens Bank and the Of its collapse
which expected from Capt TURNER, contain the following
CARD-The undersigned friends Of Captain Turner
and Walker advised them TO confer together for the
purpose seeing adjustment not be made OF their
disagreement the affairs OF the Citizens Bank by which the
public interest may be suhsyed the noehOders protected
induced this by anxious desire pro-
e the interest Of the creditors Bank and those Interested
We ask further suspension public opinion this subject
gentlemen shall have made effort at an adjustment
this shall have been made which Will be in Few
days. we pledge ourselves give the result to the public
Capt Turner Mr. Walker having been consulted, concur
fully in the proposed arrangement Z. MoDHVI IT.
July L, 1853 R. c. BRNKEET.
The effort Of these gentlemenO protect the
the Citizens Bank worthy Of all communication; but
we respectfully suggest that the public patience has
already thradbare the delays which they have
been submit response their demand for expose
Of the management condition Of the Bank The public
the Memphis Bulletin correctly remarks sis but secondaiy in
esed just now, any adjustment which be made of the
private dagreements which may exist business point of
veW past and present Of the Bank They
demand with trumpet tongue first and foremost an exhibit of
condition and Of the institution 1t has gone sbrOsd,
upon verbal authority of officer of the Bank that its
nnscaly worth immensely less than their face denomina
ton. The public wish know, have the of fominga
Judgment whether they not positively worthless If
they there end of the anxiety of hope and fear which
agitates many hand aboer, poor who has
little all in it. If they have any value, the
value asceraned that something approaching may be
those victims of misplaced confidence"
The Appeal view Of this matter. That pa
per says:
We cannot adjustment be made that will satisfy
right in the management Of the Bank
the it will be difficult to explain the precp
Of it and the POstratOn Of is credit by the
Turner. If it is not and is utterly worthless
as has been given by of its last managers then
assume the same the Of the explosion
and necessary that the late managers should give the
public their statement of the failure its causes &c Much Of the
nOehode has already been done Thousands have
sacrificed and runOus discount. No
adjustment difference between Capt Turner Mr..
Walker can their Their loss Is etrevable.
Nor can Of the assets their
benefit public this hour been hOnored with the
authoritative written statement of the condition Of the assets
and probability recovery Of their losses. Why this
NAV ship founder in the open and down without appa
cause, the first premonion while her Captain deserts
her and hazards conjecture Of the Of the das
ter2
The public, them will be ree after these unprecedented cir
Of distress and ruin They be partially patient
for the Of those who have not suffered loss, but they will
demand examination be prompt and energetic They
will ask that they may called make further sacrifices,
Int that they may told how much more they
k-how much suffer- before the persons who have injured
them can condecend speak out with ankness and in explicit
assurance Of their rights.