Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-01-23
TENNESSEE BANKS.

1LNNLocEE DAA7hD.
The following Banks have reported to the Cover
nor as required BY law, statement Of their eOndi
lion Cd the first Monday in the present month:
Bank Of Tennessee, Nashville, -
Planters Bank,
Union Baak,
City Bank,
Merchants Eank,
Bank Of the Union,
Bucks Bank McNinnvle,
Oeoee Bank, Cleveland
Bank Of Middle Tennessee Lebanon,
Lawrenceburg Bank,
Northern Bank, GAINESVILLE,
ShelbyviIle Bank,
Commercial Bank, Memphis,
River Bank,
Southern Bank, "
Bank Of Memphis
Farmers Bank, Knoxville
Bank Of Chattanooga.
The reports Of these Banks have been published
in our paper, SO that the people of the State are
pretty well posted as to the sOlvency of this POr
lion Of the banking institutions of the State
The 70 lowing Bre the Banks which have not yet
complied with the requirements Of the Law;
Bank Of Claiborne, farewell,
Bank Of Tazsweu,
Bank Of jefferson, cambridge,
Dlnirilge Bank,
Bank OF Knoxville,
Exchange Bank, MurfreesborO,'
Bank Of Paris,
Bank Of Trenton,
Bank OF West Tennessee, Memphis,
Cilzeus' Bank,
Bank of America, Clarksvile,
Traders Bank, Nashville.
None Of the Branch Banks have reported their
condition as required.
The Law is very plain and imperative as to
the duty Of Banks and Branches 10 make the res
CURED report, as viii he seen by the following
t.ass
SECTION l. BE e enacted By ae General Assembly
Of tas sats ar THHssgss That from and after the
passage of ibis act IL shall be the duty Of each sud
every Bank 80 ihs state, TO make semi annual re
torn 90 tire .Te~uOr of the State, on The first Mon
dag IN July and anuary Of each year. Of the names
OF s.I El, stockholders, the amount Of stock owned
by Zach Individual OF company, the amount Of money
HaHia by I8Gi INTO the funds of each Bank, on each
sHa-e ger.yely, aud the amount Of the discounts
OF ca.a Bunk. Add each Bank shall include in ats
sami-Huuua. rCtura- such other ST tements rs are
sru.rua of the Fee Banks, by the eleventh section
@. je ac. %. 1852. chapter ll5, entitled can act to
aUrh1rifs and regulate the business 81 Banking,
passed The l1.h o. February, 1902" which return
sha Doe verified by the at iayt of the President and
Cashier Of p. EsnE.
sagZ D. Hfag.sy enacted, That it shall be the
duty ~ each and every Branch Bank in this State
10 maize out aud forward 10 tue Governor a return,
90 required in the foregoing section, separate and
distinct from the return Of The Mother Bank, which
reform sHrI be yer ned by the affidavit Of the Pres
den. aud E.sa of the Branch Baak and the Gov
eru shall cause the return in this and the fOregO
ing SECTION 10 he published, is required Of the
C5mPr5 err, by he proy ions O. the tWelf section
of sand DC, of So chapter llj.
SIC %. %. q. further enacted, That each and every
Bans or Branch Bank, which my be guilty Of
yiu.iou Of any OF the provisions Of this act shall
be subject 90 pres81tment OF indictment for every
such -.naa. the Circuit Court of the county IN
which such offending Bank Branch is located; and
upon conviction, shall. be punished by hnc Of not
less IhHr Owe hundred more than ten thousand
do fa~a
I, viii be seen from the foregoing sections, that
the urle. reports submitted TO the Governor by
many Of tine Banks does no. comprehend all in re-
gard TO "er condition that is required by the
law Iis evident lba. this law has not been care
fully al.s1 aythe officers of the various Banks in
this Safe. For instance, several Of the Banks
failed ala-n.asrt TO make their July report while,
if we mistake not only three Branch banks have
complied with the law This looks like the law is
a her loo ely regarded and loosely administered.