Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1858-07-23

Meeting of the People.

POPULAR EXPRESSION AGAINST THE BANKING
SYSTEM.
There was an informal, though very large.
outpouring of the people at Exchange Build
ing last evening, to take into consideration the
circumstances attending the late failure of the
Citizens Bank.
The meeting was organized by calling Al
derman A. Street to the chair, and the ap-
pointment of Col. Dupree as Secretary. Mr..
Street, in few brief but lucid remarks stated
the object of the meeting to be to investigate
the circumstances attending the failure of the
Citizens Bank, and to decide upon some mea-
sures of relief and redress.
DR.. Holland followed the chairman. and en-
tertained the audience in the expression of
some very sound and logical views upon the
exciting questions involved in the stupendous
failure of the institution.
Able addresses were subsequently made by
Col. Dupree, Col. McClanahau. Mr. Weller
and Mr.. Josiah Prescott, when Gen. Logw God
presented the following resolutions, which
were adopted with great unanimity:
RESOLVED. That it is due to the public that
there should be full and fair investigation
into the management and condition of the
Citizens Bank. and while the committee who
have profiered their services TO settle the
questions of difference between the officers of
that institution, are admitted TO be gentlemen
of standing in the community, yet the cred
itors of the Bank and the community who
have suffered by its failure, should also be
heard in investigating the causes of that
failure. Therefore,
Resolred, That the Chairman of this meeting
appoint a committee of five business men of
this city, whose duty it shall be to call on
Messrs. Turner and Walker, or whoever may
have the books of that concern, and request
that they may be permit to investigate the
books, &c. of that Bank. and that after hav-
ing investigated fully. they will publish in the
newspapers of this city the result of their in
vestigatOn.
Resolred, That the conduct and policy of the
Banks of Tennessee for years has been dis
creditable to our State; that their efforts to
discredit their own paper and to speculate
upon the people should be dscountenanced
by all good citizens. and prevented by the
most stringent legislation.
ResOired, That the nOn-specie paying Banks
In this State should not be cOuntenanced by
an honest communicating having prevented
the objects for which they were created; and
that among such institutions we recognize the
having been among the first to suspend, and
now among the foremost to throw its mis-
chievous influence against the resumption of
specie payment.
On motion of J. McClanahan, the following
gentlemen were appointed the committee
named in one of the above resolutions: Geo
L. Holmes, J. n. Moon, w. B. DonohO, J. j.
Bird and J. ID. Williams.
The meeting was large and enthusiastic,
though orderly, and the general opinion SEEM
ed to pervade the assemblage that a stipend
Gus fraud had been committed, and that a
fearful responsibility rested in some quarter.
The meeting adjourned to convene at the
Exchange Buildings on Saturday evening
next, to receive the report Of the investigating
committee.