Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-11-17

Rsv. Mr.. Reed.
MEMORIALS.
Mr. TRINBLE presented memorial from the
President and Directors of the PlsntsTs' Bank Of
Tennessee, whion was read as follows:
To the General Assembly of the State of Tonnes
see Tue President and Directors Of the Planters
Bank ofTennessee, acting for its stockholders whose
views aud interests they represent. would respect
fully shew to your honorable body that the charter
OF their Bank will expire the lit day of Janus
~ 1863 Aud they believe it u he both for the in
terest of the stockholders and for toe public good
that, with N, changes and notifications wnieh
wisdom and experience may suggest, that their
chartered rights sbould be extended aud continued
for a term Of twenty years from that time. This
early oplication is made TO your honorable body
for a reoharler Of said Bank for reasons that viii
doubtless be obvious to you all. II their Bask IS
not to be recbaterec the stockholders desire timely
notice Of the fact, that their banking operations
may be slowly and systematically brought 10 close
without either injury TO the institution distress 10
the community. Besides, the stock holders msy wish
ample time in which to lock out for a new market
for capital orf rechSrtered to cast about them
to know whether they should accept such charter
or not.
Your memor:aIiss deem il unnecessary 10 give
history ofhsir past transactions, to make pro-
misses for the future Their hi tory is in some d.
| gree already before the countr, ID they " =
ing TO submit TO tue rigid inqusitiops into their
affair." hat you may have all the ligh; necessary for
your action IN the premises Wnst they have done
in the past be their only guarantee for the ia
ture. The stockholders believe that increase Of
the capital stocs Of said Bauktotvo millions is de-
| sirable and they have no doubt that -he caei-
tai would be taken Immediately and paid for in
| cash.
Your memorislists therefore pray hat their char
ter may be extended and continued for twenty years
from the LIST day Of January, 1863
| EWiDc presid John II, EEin
| Sam'l Sssy, ]. A. MeAlister,
Jacob McGaVock Audv. Allison,
w. W. Berry, f. d. Fogg,
| A. J. Duncan, c. L. Hillman,
Alexander Fall
Nashville, Nov. Is, 1859
| Mr. TRIMBLE also presented a memorial from
the President and Directors of the Union Bank 0!
| Tennessee, which was read as follows:
To the General Assembly Of the State of Teunes-
4 sees The undersigned, directors and officers Of the
Union Bauk of the State of Tennessee, in their own
behalf and that of the other stockholders most re-
specially present for your consideration:
| That the charter of this Bsnk being near its ex-
piratiou, suggest the proprsty of having deterniu
ed, whether by having it's charter extended, 1t vii
be permitted longer TO continue it's existence. OF
Rhether, for want ossuch extension Of ts chartered
privileges, or the want of acceptance on the part o.
its stockholders of the came, it will become neoes
sary for the undersigned to take steps fer it's lqu
dsiiou; and which, in the opinion of the unders 60
ed should be commenced ct an early dsy, in order
that iis loans may be gradually Withdrawn. and it!
capital distributed to its owners, 10 manner leas
calculated to inconvenience its customers, and th'
community generally.
| The undersigned therefore respectfully ask roH
your honorable body al extension Of the chsrtsr o.
this Perks for the term Of twenty Yesrsfrom the dsy
it exI Tres, with srch changes lis provisions arr
contained in bill introduced by the Planters mi
and themselves
All OF which is most respectfully submitted.
| J. Kirkman. President, James Woods,
J. Corey, Cash, Hugh McCres,
NJ. W. Monohan, Chas X. Winston,
G. NJ Fogg, s. d. Morgan,