Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-06-22

The notes Citizens Bank Of Memphis bought BY the
brokers' Of Cincinnati per discount the papers there
say Letters Nashville advise that the issues had better
be handled carefully" The Paducah K) Herald the 18th
says
ewere shown letter yesterday to esrs saseen 4 Garth Of
this city the Cashier Of the southern Bank Tennessee at
and 40 mistake"
We have made inquiry here hear Of nothing pref judicial
to the credit Of the Citizens taken as usual by
our banks on deposit and in payment Of debts.
On the 10th Tennessee bonds New York at g3gl<c
and on the I7h made s3 These sales indicates
steady appreciation in the value Of our bonds
The Washington Union says the advertisement four millions
OF treasury notes. which resulted the we're opened on
the 18th produced an OOO than seven times
the amount demanded The minimum amount Of interest proposed
for BIZ the contestants the oan per cent the maximum
per cent The amount Of the offer at ~ cent 5OOOO
which amount awarded at that The remaining
81 $50 900 Of awarded pro rata bidders per
cent who each obtained an Of the bids Thus
the whole loan disposed Of Of interest averagngs lit
ale above AZ per cent Theyery large lean shows
that there geatamount Of money at the North seeking invest
nent and that scarcity Longer exists It is strong
indication in favor Of the belief that business will soon
healthy tone.
The Savannah Ga Belos, Of the inst noticing the failure
Of the Exchange Bank OF Griffin, Ca, says:
eegraphic dispatch press Of this city, published yes
teray morning. the failure Of the Exchange Bank Of
Grimm The Georgian having incorporated in its dispatch the
ameso president and cashier Of the bank We have been
authorized by gentleman Of this city state, that Mr.. r. R.
Brien and Mr. l. McClung sveat this time connection
with the the bank having been sold to other parties
bearing the nane Bearden President
McCung Cashier should be redeemed and destroyed Nearly
notal such bills have been redeemed and We are informed that none
al ne original officers stockholders Of the bank present
connected with institution It therefore, but justice the
Gentlemen whose published connection with the
failure Of that the above explanation shouldbe made
The original officers and holders this wildcat cercern
NAV have BEEN very probably in whom the public
40 far as known them had confidence and in this way the bank
secured standing they did ppetuate
when the thing passed Of their hands. It is very consoling
the holder worthless paper Of this worthless hank to be
sod in effect the original officers and stockholders, having
sd ohap handsome oOnsdeaon,toa set Of shsrers
and sindlsrs should be onsure for this trick Of the ade
by which they their pockets, and thus afforded those to
whom they opportunity to fleece unsuseng public
Inregard to the money Market the New York Herald of the
18th says:
The money market everything that can he desired The gen
m interests country all sCund but stagnant They
are healthy and likely to continue So There is at present no
danger Of an imitation and as time elas ue producing C
Willie in favorable position not only to respond to
demand upon them, but in condition 10 become greater con
Bumerss The fall mporaons are likely % pc large. .sy hayy
orders gone and tits not all improbable but hata very
active general business will be transacted As soon as We get ne
wheels Of trade larry IgsnS % U ~ T5Brs TTjces
ruling for agricultural products generally, the farmers have been
free sellers them in better condition for the next
harvest which hand. 1t is Of the utmost importance
Sb t | me classes should a thriving condition.
without sound and healthy there be no pna
L twelve months since signs Of Inc financial revuon first
appeared during that time the practice Of economy has been
upon sale before realized Il is this which has done So
much short time and it the thorough manner in
and in ali domestic that gives such hopes for the
future trade is likely to be in safe and
remunave and that is much more than can ne aa OF any
seasons business for the past five years.
Louis Democrat the 18th reports the money market as
v dull and uninsng. The demand is limited and raesea
Exchange on York quoted at &c premium for sight The
st. Building and Savings Association have reduced the rate
Of interest on short loans, from 10 to sper cent.
The Chicago Of the 10th says Money for all legitimate
business purposes plenty. Rates 10 per usual Exchange
iseay per cent Gold sells only in small lots at l9l In
the street and among brokers' there little doing. Rates
are nominal at i z92s per cent per month.
The Lawrence kansas Republicans congraulating itself on
M easy times Money he had for the extremely low rate Of
veper month The who pay that interest for the
Of money, will never pay the principal
The Boston Price Current furnishes interesting details with
regard to the article of gunny cloth, which publish for the
benefit Of planters and merchants generally:
Bales
Arrivals United States, January May Is, - 1890
Same time In 1867, 3l,9Ol
Shipments South, Jan. to May Is, 1865, l2,OOC
same in 1857. 1900
and 10 arrive after LIST Of June, 49, 1854
Quantity arrive after lst Of june 1855, 24J
The atestdates Calcutta, april o. report that the sT
Granite State the only vessel loading No shipments of cloth