Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-07-16

Such unusual demands upon the Bank for large
ing those months, with the published and of repeated prediction
that the Bank would again suspend the LIST of November ad
mOnisted its officers prepared for silI vigorous
tack after tha time They prepare for IT, on the first
twelve days OF the month
The Union nix demanded and paid s239 500
The Planters Bank demanded and was paid- 2-5 900
making paid those two Banks alone near one
aud one-half millions Of dollars.
The hope Of bringing dscred the Bank have
been given up time the balances settled Without in
convenience to eithe..
It's confidently believed every note of tie Bank had
presented and demanded that would paid
Much Branches for their zeal
AID energy sustaining the Mother Bank asaIys OF
the press made upon the redemption their notes. they
semitic gold their which they were not reqred
to do by law, in such the demand
1t scarcely he believed that the ordinary course of
ness such bsaees in equal tie two could
have arisenwhst il supposed tbatthe oerscoaroling
theIa resOr;ed to unusual unfair ans get possession
OF its notes for purpose pru the Bank, be
scarcely doubted that by movement the notes Of
the Bank gathered different portions ate by
those unfendy to the institution, and payment demanded
Nashville through the Union and Planters Banks under the hope
bringing dscredt Of the Branches from
their respective neghborhoods where the gold ready their
payment, to Nashville for redemption, swell
the directed against the Bank subject possible,
the penalties of the laws The President AID Directors
knO-ng their obligations obey the lws broughtin conpe
on with those claiming exemption by Of their chartered
right from the restrictions imposed upon it, and their ample
for its aud injury AMI seeing the hostility
ward prevailing in the different sections Of the States and the
settled determination to destroy credit and subject pos
sible, the penalties Of the their duty
strict the business Of the Bank keep safe beyond Doubt
and sappoini its assaants by whatever motives aouael.
consequence these continued upon he Bank the
discounts have been reduced during the first year half mil
Of doa=s-s circulation curtaled between and
eight hundred thousand dollars and its profits reduced
half of those Of the preengyea yet s exceeding per cent
nett on its capital.
The shows the Bank at this time, have ample
cash to meet eUeTy Immediate EG6ty 'ceRegsr and
eherersr denadS restore the stock originally invested
In it. believed be safe the day Of its in
vsmen and surplus Of assets Of than million Of dol
lars for disposition Of the General Assembly.
The Bank has operation twenty years
during time, after the payment of all expenses has made for
the State Of four millions i've hundred and eighty
four thousand dollars or that amount the Of million
hundred sixty thousand dollars been inside with
in the half years. under the control Of the pres
ent Board of Directors.
nty believed be made 70 yield to the State
between four and doars il aed upon
footing equality with the Oth Banks in the State and allow
ed the rights and privileges granted to them.
Respectfully your obd't servant,
C. JOHNSON, President.