Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-11-28
COMMERCIAL.


TUESDAY EvzENa, Nov.27, 1860.
The notes Of the City thrown out this morning By
he Bank Of Tennessee and the Planters Union Banks
The reason for this step, undersand City Bank
was unable this morning to redeem its notes presented By
Banks This Intelligence caused little exoitemeas on
the streets, and heard that Of the id Of
holders OF the City Bank dpoag Of them
count Of 253O per cent We however, who vas
green enough to take SUCH price his City Money.
On inquiry at the Comptrelers Oee learn that the City
Bank has deposit with that officer Ss5OCO Nashville and
Chattanooga Rercsd Bonds endorsed BY the State s
Regular State Bonds making $50 OOO circulation
Of 1900, and the Comptroller considers this ample even at
the present prices OF Bonds, to take circulation dollar
for dollar should il be found necessary put City
in Of liquidation But the impression prevailed
Change that The OF the City Bank, Mess D. E. g.
PEARL, would probably effect arrangement the
few days BY which they enabled to resume business
We heard the suggestion from quite
Banks here ought take up the City Bank necessary
carry it through the in monetary affairs The
reason for this suggestion is understand that the City Bank
has been exerng itself relieve the people,
cultes,i entitled to the sympathy Of those able
secure it,.
We learn from private the
the Nashville and Chattanooga Railroad sold New
few days since sc. Our latest quotations for State Bonds
based actual rates. Soc From these figures the hold
Of the notes Of the City Bank may make estimate Of
what the Banks securities will realize, with the probability that
Bonds will appreciate rather than decrease in price
Whatever occur there is why the holders
Of the notes Of the City Bank should submit discount
them for the present. and exceeding per cent
We offer quotations for the Of the City Bank for the
present. for the that who
were Offering to purchase. In day two the matter will
assume such shape will enable give the public rea
BILE quotations. In the Tins caution the note holders
not to sacrifice them.
Naturally there good dal Of inquiry regard
the condition Of all the Banks tie The doing
business the Legislature are the
Bank Of Tennessee, Planters Bank, Union Bank Of Mid
die Tennessee, and shelbyVlle Bank each OF which
CURED to make monthly the Comptroller OF its
condition, specifying the separate items which report the
Comptroller required publish great strength Of these
Banks viii be learned from the correspondence with
pervisOr Of Banks which we published this morning.
In addition to the foregoing, there Stock Banks in
this stateths Bank Of Chattanooga, Bank Lawrne
burg Bank Bank CT America Bank Of West Tennessee
MenPhs-and sixteen Free BanEs-the Bank OF Commerce.
Bank Of Knoxville, Rank Of Memphis Bank Of Nashville
Bank OF Paris Bank Of the UniOn Bucks Bank, City Bank,
Commercial Bank, DanJrdge Bank, Farmers Bank, Msr
chants Baak Northern Bank River Bank, Southern Bank
and Traders Bank These Banks required make quar-
ry statenen-the language Of the Code (secon 1924
ing Every Rank Branch Bank SHALL the Monday
Of January April, July October in each year. make out
and transmit TO the Comptroller, In form prescribed
by him. full statement Of the affairs Of Bank sworn to BY
the President Cashier, exhibnghe OF the Bank
at two O'Clock Of the day Of its these statements
are TO be published by the Comptroller We that but
two OF these Banks have made their report that we
unable arrive their pent condition The Code pro-
vdts that violation Of the provisions prescribed mis-
deeano for which such Bank shall be fined
not less than five hundred five thousand dol
lars We call attention these provisions because the peo
pie want the information which Code provides they s
have in regard the condition OF Gil the this State
number of the Free Banks have, rdance with the
act Of March 90 1855 gone voluntary liquidation These
Banks with the date Of notice provided in the act are
lows: