Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-11-23
COMMERCIAL.
Monet airy ana FInancial.

cussion in business circles ye day in connection
sure Of relief which oud be sdcned We found
very large Gory those $ish whom strongly
IN favor Of suspens OF specie payments they we're
strengthened in this by dispatches received at noon
announcing The Suspension o. the Virginia Maryland Banks
Wedo not know what the feeling Of the Banks regard this
natter though they scarcely entertain the
proposition under present circumstances They strongly
fortified and under no necessity Of supndng with heav
penalty imposed By the Bank Code staring the face they
will hardly agree suspend The eleventh section Of the Rank
Code provides that Banks 'hea in Of suspension aia
not take IscFe rore thl Orchange and seal
pay into ne Tree OF te State half PIE per cent m
capital stock for month action Of mo nth whilst thus
remaining 'enson' pension under this law would
be rather too snse, as it tie PlsS Union
Banks about 40 600 per nOptr while Tenn
would have to Day $50 per month che,e very
ong feeling however, petOuing Gov hAPaIs to
convene he Saura in et sion for the pc pore Of re-
morning this res. ric:iop tempo ar;Iy.
genne pc Bonds sold in New Cd Monday tue
18th inst. at 7sc, being saurdayss les
III, Free Banking Law requires the Comptroller when our
Bonds shall fall below par New remain 50 for thirty
days call upon the Free Banks to make additional opposite
Of Bonds return Of circulation sufficient bring their &C.
curits upto ps Our Bonds sold in New YORK 95h
October 9cc s9ae hnav a. sskc On he eeh
Bonds sold &c. and that they continued
below s5c, selling the lgh inst sbeIOre 7c
doing business under the Therefore see
that the thirty days expire the eth inst they
A
large propor OF the esdsposed with the Comptroller
BY thu. FL Banks are, nd Railroad Bonds, en-
doed By the Stale, the prc Tor WI oh ten per cent
| below those Of regular s. lte Bends.
The dcount tAe issues Of Ocoee BANK which has
hereOo e. Teen per was raj yesterday By our b oil.
10 per there understand for
this heavy One Ocose Bank Ia. no ageaeyhera
for taeredempon o. Its and the other is manage
nent 5ot regarded sAsory The Bank Is Owned.
pf'ncpay company OF very wealthy gentlemen reside
tn
ton Of The busne Of Bank We can hardy
think they viii permit the credit Of their 20 suffer We
hope to see them take prompt Steps op upon proper foot
ing with the other Bants Of the st,te.
The extenen; in regard Money other States
received fresh impetus yesterday the uegsnc, received
by telegraph ana in the a. e"eEs theissus
of Virginia Ma land Bauks gentleman informed us that
he sold small OF Baltimore Money IN ne forenoon 4 per
cent discount but in he he Boxes would not pr
chase The discount SCUM Carolina Money was
raised BY Of the Brokers 10 per City Bank
which has The heaI urcurrent Money
refused purchase oecpea under the apprehension that
general suspension specie pey lie pacs
No Oreu mere psr OrdiparV
actions, exceltt of Kentucky.
The Charleston Courier of che Goth says:
1--WE distant holders South Caro- "a Bilsw
submit 10 any dscoGnt demand bv those who TO n re
large pro6s ch ndus-iously prop, by l.
and wi |, kept o."
The Augusta Cons :Eas' 'onaLiss Of the 2Ist as:
isimpossbe 9O- what reports may be il crcula
ton in distant p o. oar Ge or N olher ties, rega
to Georgia money but tell holders Of eOrga that
ess good moaey and urge them not 10 allow hsmers
the recognised legal tender pay specie promptly on
sight Exchange on New YO- at r per cent premirm
Again, epeat do not allow schene 20 chea, you Of
cent in Inc value OF yOuf money.
In New York the 18Th $4,000 per cent Bonds
sold 74zc and s?4 900 7c YORK Ecesng Post
of the 1914 says:
"he feature Of the ket the sor fa
state and goyenmentseu ties The sales Of very
small owing thu entire absence OF buyers The varjou, knd
pressed for sale, and bid reduction OF
The government Of are offered at with no bid
Nj souri, Sizes sold down to o5 under perepptOry
supposed, from he L is the Bank Auditor Of
Illinois declined to IKE any hern State
base Of cuation Tennessees quoteu at 1907 ~ Viz
Money among stock houses is not very pressing
when approved cOlatss presented; the ruling
The paper con- rues 5ery cent and ha and BUSH
out Joe Of bank stand still than previous
day Only Few small lots find purchases high
quo2sons for choice nTTes is cent? ard nomi
Corn Exchange pa ayz l. aud pl ces of
produce are aro nominal tns produce dealers look the
The discount currency Olsyis follows illinois,
Wisconsin and Iowa u per North Csrolns virginia.
39J; South Carolina, :o,g aud Alabama, s9lo.
We shown letter yests Gay banking house
New York, dated the 1871, Wich cpos every
description we're declining rsP nd almost inoOssble
to make sales.
The New Orleans Pie ya &Orey article OF the even
ing OF the 18Th says.
In ing deEnf from YorF, or own
day sgS exceedingly dull depressed Neither
the Banks prvHie b. dispoS peg and
hence the busDesin Co n " que rest ctd rhe ranssc
tonsi Sterling round ctly at
200, and small rel y documen evidence 95 There
a sale o. 81 o. toere
at his reduced hgrre Of one or $50
GO day lis New yo unsaeaj;e. mail
2 ii cunt. sight in demand and Tue
Banks -Eed Z at ne ccun.e put up the
rate to a. /! sUppi no row POI
of tie specie ecenty At raed go ward This
accumulation o. Ring in Sew Yok ain nave beer III
and 20 tendency OF
Sight fun, Some days Sight sold a. 4 q The
Money Net wo ycOse IN h absence of notable
Of Co tbs demand lee slaTp and
good people nad OTessc II he proc OF CT tail
adher Jast con hueJ,
canaoe unl>ss there Ue strong
lift way uegoGons. quote any outside
for money tne'e LITERAL sales o; p pc
participate prevailing Depression
holders thus r have managed to avoid s'c6ce carsg
them coP ais We Gognizant, however Of or
decline l0 cent
giving particulars as the mo felAens toe partial.
yesterday that sterling bills had
the commercial history his country. We
sale made in New Orleans ing the psnic OF 1857
that proceeds Of the Cotton upon which gen.
teman bI failed by SIS the bale
Tue Bants in VirE said % s;pended prrdsn
tal dcrps he present pressure There syet init
nation OF having been de hem, and they have
solved it reported, pursue Of policy tina. will
enable them specie payments the panic sub
sides
We Tey gen eef entertained that general
pension will place amonz Ban Of he whole country in
the days This Urged
Georgia South Carol Ia, cessiy
Of the Banks suspend necessity Of the
people that they s1ould dose.
Missouri quo the 2lst per
csat. discount, Illinois a. 10 ard Ten ee Leg