Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-11-20
COMMERCIAL.
monetarr and F,nnncial.


Wewere shown letter yesterday from the Cashier Of the Ne
ehanics Bank Of Augusta stating thas Institution wou
not suspend specie payments under any circumstances
learn from another that the just received 81
ooOoo in specie and fGlly able redeem every dollar
its outstanding issues
The Savannah Seeos says the steamship Florida which arye
at tina. place on the l6 from New si5OO
specie, $4,000 fer the Bank State Of Georgia. AMI for
Molyneaux, Esq.
We informed last evening such Of cur Bankers
sent the notes of South Carolina redemption
had received Eastern Exchange ia return for the same
The Memphis appeal of the Eth says:
wepublish advertisement columns very gratifying an
nounceent from o. W. Cherry ESQ., president Of the Memphis
change New York will be given for the the Bank
Charleston South Carolina at per premium Similar
Charleston Parks Holders Of South Carolina notes are there
fore advised not to sacrifice them.
The Appeal Of the 18th says this had very
vOabe esc ard South Carolina MOLsy readily taken Oh
the l7th in collections.
The Savannah Republican The l7 contsrs the following
SIN despatch gentleman Of Columbus prominent mer
chant Of Charleston gives it his ohnion that banks
South Carolina win not suspend specie payments"
correspondent Of the Augusta Costsnonalist commune
Gates the following:
To apersou in this locality strange South Caro-
lima and Georgia money quoted telegraph ct discount CT ten
per cent in Kentucky and Tennessee.
There be other for this except that they
fuy frightened atthe idea that these States submit
tie domination North and consequently will seceo
mat they are anxious to Try and impress with their nOonsof
the state our finances will be in ofou withdrawal from
Now, examine into the state Of AFFAIRS little Our
banks are still paying coin for all demands against item,
more than likely will continue do until there
pension in New Y,rk Sight Exchangeon New York
any quantity by them at OF one per cent premium. They
purchase here and in Charleston and Savannah % Of
one per cent discount and the charge for bringing
from Newfork Os per centther supply ofcOn
De mantained SO long the banks Of New York continue pay
coin In other words Exchange in favor Of the SOUTH
for various likely So
there will be pressing need suspension long can
Should withdraw from the Conederacy world win have
cotton, and then, for time, nothing but coin viii buy
The Louisville Courier OF yesterday prints the following dis
patch:
Nxw YORK. Nov Up M-Propostions made nv several
banks TO discount million dollars 6Oday bills Of Brown
Bros proceeds to be used by the latter in the srlng
ing against produce useless from purchasers OF
sterling bills on corn Exchange matters dead lock-
failures reported for the Atlantic
sterling lO9O2 and 81 loo were accepted
Paris The market entirely unsettled so
days. The money ore also unsettled and the basis
is IL per cent for best double paper and 1921 for good single
names
The Baltimore K1cange says "Three have been rumors
prevalent in this city for days past that it was
contemplation, the part our Banks suspend specie
payments We able state the very authority that
there is not the slightest foundation for any such reports Our
Banks in healthier, stronger, prosperous
condition than they at the present time.
The New Orleans PcayHe in its Money article Of the
ing of the 10Th, says:
There is virtually money market just The demand in
Bank has continued quite sharp, and to-day very pressing
parties requiring round amounts for few days This
not the natural consequence Of the inability produce
Gale all with the The condition Of THINKS
very hard third parties, who find extremely dcat
their Paper worked any The Banks however
these the their ability,
heir active cut down materially by the necessity
orced upon them of renewing share Of the We
heard OF few sales Of choice short Paper
MONTH To-day amount Of First Mortgage passed at r.
In the meanwhile Coin has forward freely,
influence has relieved the The
sO00OO w,re included in last weeks Bank ssten5t To or
to
eturn will show upwards OF eleven millions this we
received S43 BRACES and s2I5O from Texas The
My shipment was S5O,OOO Gold 70 Memphis.