Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-12-11
COMMERCIAL.
monetarr and FInnnoInl.


MONDAY. EvEHSG, Dec. 10, 1860.
The pressure in the Money OF absng seems %
growing in its severity and the have to-day from amc
every quarter seems to be OF the most gloomy character
stance the Memphis ADaldac1o Of the hsayS have new
such universal general distress as now peTases
our Meoey market II Absolutely useless attempt to
ate the best paper the rates and * per
cent per month The Banks although Suspended have not dis
counted doarO ppe, relieve wants of the business
communication baye they shown any disposition aid in
ying forward the cotton crop The great staple has cOnse-
queneewhin two weeks fallen pce twenty cent that
IN the face OffaVOrabe adees from Europe Our
chants dschargng their hands, and should this state Of
things exist much longer thousands industrious and worthy
men will find Themselves employmsnf with the rgors Of
winter ring them in the nothing but misery and
want Tor their families The ACadRe adds that the
chant Of that Place generally taking South Carolina Money
together with the notes OF all the Southern Banks
In New Orleans financial Affairs present very dscouraepr
aspect With scarcely hope Of early Improvement The
New orleaas De in Its Money article OF the evening of the 9Th
says: In the present sregent condition Market
I'll confidence is fay restored, quotations Money must Of
courts, be considered nominal bat indication Of wants
Of borrowers and the sacrifices which they submit to for the pur
of meeting their legitimate obligations would state that
short loans have been made at 394 and smOu On the
choicest collarals And the Picans says The suspen.
sion Of several prominent houses esene press
ing demand for Money without Increasing supply SO that
practically or Bnt in the mean Eie The Banks
withstand assault they will shortly begin lock around
for Investments In fact inclination
tain proposals for Discounts, though limited footing,
but this feeling held IN allegiance until
definite idea the of the New York Banks"
In New York the 5th, the second following
Of Tennessee per Bonds 5000 74Sc
$4,000 741c SIS 600 board on the
9Th $1,000 at 3c and $4,000 3c and at the second board
$1,000 7c the first board the 7h $1,000 Csc 5000
SIC, s5OOOst 66c, $1,000 at Csc, and sl5,Oe st64c.
Virginia ROnds sold on the eth at 75c North OAoinas s09c,
and Missouris 6296lc-
The New York Eveaizg Post Of the eth says:
Perpexty gloom weighs heavily upon every department
OF finance and business There ia increased depression to-day
VITA heavier offerings or ocou1 The most unsYorsoe ea
ture Of the this time perhaps is the stag
nation in foreign exchange the difficulty negotiating
lie bills being before thsbAak relief
went into operation
and those suffering these low rates beginning again
to the Bank Exchange COMMITTEES for relief 1t is
that the late committee empowered to the
present. the unanimous expansion OF the banks intended
the up FOR reconsideration The purchases
Of this COMMITTEES in all were f6OO00
Best sterling London is quoted I039l03H.
The stock marle last evening underwent improvement
the that Congress had adjourned till Mordsy
bu. the OF business to day Tiers
heavness and prices suddenly fell . to per cent.
The desire sell in the state falling
SOS cent on the prices Of yesterday The weakest Ten
sxes which under sales OfAbOu $4,000 fell Ga against
70 at this time yesterday.
to 7sx. CALIFORNIA; are fra, with IS bid.
In Government Bonds there aes-n fact feTf
bids The Is74sre 90 sxes Of 1867 At
l0i.
rsnsaction In railroad bonds are very moderate Most
descriptions held above the views Of buyers When
sales effected material reduction In prices
western bonds entirely negleC ted
The banks Of the city on todays report hold about SIC 10000
II specie.
Considerable uneasne felt in regard to New England and
New YORK begins entertain strong doubts Of its ability
an the prominent points eastward though The country banks Of
he Eastern saes rspor less Of circulation.
very large amounts
during the week has fallen on materially This
Up may attributed TO this that the org
lRIIy circulated West but Ohio Ind
ma and western New York.
Saturday 65c ssOnd board az &C., The
lay Yirginas sold at 65c NissOuris s396lc Ohos &C.
md United States So Of 1874 at 9O9aUkc
The Augusta CoAsutiOAal of the 9Th following in
egad to spurious Money, which be circulating this
State:
We shown yesterday by Mr. B. RUSSELL Teller OF the
Union bank, spurious dollar notes. purportng to Be
sIued by the Mechanics bank Of this city.
One letter A, No. 5 dated October IeJ9 and signed H.
Hatch Cashier, and Tnos. 7. Mecalf PresdentS
One letter B. No. l42s, dated July f. 1854, signed
bOye.
These spurious bills totally dssnar in APPEARANCE to
genuine bills issued BY the Mechanics bank although the
ngrsVng paper calculated to deceiVehaR
We give this description the plate lower left hand half
epresents attending machinery
nen pouring mouen metal and others in the
ther foundry operations.
The word ten red and the Character x Ia green ink
IN the genuine bills coore used. None
he Mechanics bank have colored inks on them
undred thousand dollars, while the
aDk is ave hundred thousand dollars.
The IgraVers tots spurious bill, are Danforh,
Wright & Co., New York and Philadelphia" |
These spurious bills came in package from Memphis Tenn
0 the Georgia Railroad Bank,