Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-12-16

brought into life the stock banks Of She Eastern and
Western portions Of the State but the central and
sslssh power Of the Union and Planters Banks at
Nsshvilles Again We confidently appeal to thsob>
servaion and experience Of the people residing in
the nsishhorhOod Of their branches to tell whether
they have been managed for the public good, or 10
subserve selfish, central and local fsVoritism. (Aa
to the Union Bank, see legislative proceedings Of
1866, in regard to complaints Of citizens Of
vilie) So far as ACCOMMODATIONS are 0or- ..s go,
these banks, the great body Of tbspsope have besn
worse of than Lazarus. But II ia rsn,isd here that
the people need not Accommodations; it is only the
trading end mercantile classes; that all the people
desire is a sound circulating medium Only stops
ping to say, that Il is not one class from whom they
derive their privileges but the whole body, we pass
Oh, to ask ifitstrue that they supply thstrading and
mercantile classes or isit only select circle that hap
pentO be dreolOrs or knsmsn sndfavorites thereof
Il is certainly true that the great body of the trad
ing and mercantile community do not feel that there
is certainty in their discounts or security in their
continuance, and hence the disasters and dangers
attending these pursuits But still passing on, We
deny that they have furnished the people with
sound circulating medium. Their mOuntain-kiie-
note system proves this Their repeated suspension
of specie payments establishes it. In their suspension
of specie payments they committed great wrong
upon the people. For the large grant of power they
enjoyed at the hands of the people, they owed them
by contract by every consideration Of good faith.
by every high principle aeirculating medium sound.
equal to specie, above suspicion Did they make any
sacrifices to do thisl or as in 49, 's9, 40, aud Al
did they make s'a season of SUSPENSION season Of
prOf,?' Though by suspension they depressed the
price Of property aud thereby the ability Of their
debtors to pay did they hasten to repair the injury
done them by restoring specie paymentsl No! On
the contrary, by continued suspension they destroy
ed public confidence and private credit, depressed
aber brought the price of property, and whilst
growing fat upon the ruins they had made, whoever
heard or read Of their making single sacrifice, re-
turning single dividend, refusing receive it,
for the benefit Of those who we're their makers and
benefacicrs-the peoplei
But with their expressions upon the people we are
not yet done With very large body of Them the
attacks of these institutions upon the Bank of Tens
nessee is a cause Of serious complaint. Without be-
ing governed by motives Of public good. it seems
that they have persistenty made war upon the State
Bank. And whilst have no particular sympathy
with that Bank and admit much that is said against
it, and would be glad to the State dissolve her
connection with bsnking--bslieving that in almost
every point of view it IS wrong yet it is not to be
denied that whilst the war of The banks" has been
going on the people have been the sufferers, and for
which they hold the Union and Planters Banks re-
sponsible. TIEEEssEE.