Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-09-11
ElONFraTsV - commHnCIAL.
n. c.ssys .eesr.antrn Of the stA Ia. tn. following


a cartsville esaRian the sth has the following
! regard to the Bank OF America;
This institution was compelled Monday suceumb
been very heavy but its hoped confidently expected
tha would be able to hold out This i would probably have
been ahe to do had Mr. undertaken Tedee the
Of branches He that the Bank Of America
heavier before closed its doors than made
upon or sustained BY any b1n y uis sla me PRESIDENT
eaon Of the circulation Of the Bank at this point and the
ezllustng process Of taking uhe eFench notes while the means
provided Tor their redemption idle in the vaults Of the branches
at remote points, finally compelled him TO surrender.
The stppage We understand, IS merely temporary Inc as
sets Of the Institution represented to he ample to meet all de
apPed reilsousy 70 the qlaton o. 1e
considerable amount Of The paper OF the Bank is it IN the hands
Of e community, hear complaints against Mr. Dayie
There appears 10 place surrounding country
abiding confidence in his integrity we'll as in his ability to
doubt exist but believe The is scattered through the
community that the present is evenly divided
reported that its would be reopened
there was no little excitement in consequence but on Saturday
all 70 receive her rotes in trade She hen adoptsi The policy Of
referring e holders of notes payable the branches to the
branches for payment, and the run closed
On Monday morning however, the for the payment Of
the Of the branches great that the President deter
mined the policy suspension until he could realize upon
the assets IN his hands, which he believes viii hein short time
The present circulation Estimated at sixty thousand dollars
though it cannot he exactly stated until reports are received from
The AelgsviIle CGa Recorder Of the 7h says Las
referred the injurious Of the rust in cotton stated
that there would be considerable falling OF from what
time expected. We have since followed up investigation
into natter prospect
is for the rep be ofrou one expected month ago
at least oneourt Sandy gray lands the
fields being less injured. Red and std
lands have notbeeu elected The plant generally stopped
bearing but from its having been forced BY the rains for
ward than usual and full of bols They opening
pdy and the whole crop viii be gathered much earlier than
usual"
The Columbus (Ga) SIN says sThe past week has
been Of considerable activity especially cotton trade
Our receipts have been very large The season.
vance of the wesk any prscing year. This may
counted for By actsrs that the uncommOny
carly and the prices paid It confended by
the planting interest and short crop Of whom there
few left, that the rust causing premature opening the
on, and hence the early receipts While this may doubt
less is true Of portions Of country, especially sandy
soils cannot believe that the damage from rust has been su
;ent to cut OF the crop bring under LOCO bales
little observation the country Particularly lands
displayed TO fine and promising crop heart could wish.
We may be deceived, anticipate fully crop
7ear fnot larger. The ruling rates in the market il c
correspondent Of the New Orleans PcrynRe, writing from
lazoo county, Miss, that the most uguine Dc
cunt upon than twOhrs Of crop the hills. The crop
the bottom he estimates at average deducting the los
overflow, which, that county, estimates seven thou
and to thousand ales The hill crop has boil
worms and drought, the bottom crop from and rt
Markets by Telegraph.
NEw ORLEANS, Sept lCotton sales l. 90 bales Advanced
<-I2a Sales of the week $3.50 bales. Receipts Of the
1850 bales-3j9 year Stock at New Orleans
gains II0OO last Flour quetSuperue $500 Corn
White 7G'5, Yellow 50 Coffee rmaes Of the week 6OOO
ags Orleans 1850 bags against I2O 600 last
ear. Exchange Oh London s3I
ST. LOUIS Sept I2Flour dull, $500 $685. Wheat steady,
JGSII7 Corn dull, jGa6l dull, 6 96s. Hemp IS
59l. Tobacco S4.G09S9.5O.
NEW YORK. sept lO.-COtton firm Sales 1900 bales Corn
1oyant 66a74 for mixed Bacon quiet shoulders 6JfG6.
ugar steady, 79s5. Coffee steady, 99IlH, heavy
enon in the and Coffee trade is reported Liabilities
800 DO. Assets large
CISNorNATI, Sept. l0sFlour dull S475Gs4sO Oats dull
SO. Whisky 2Ois. Other articles generally unchanged.