Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-06-23
The New York 7ilnes o. tie 18th says:

: The New York Tines Of the 18th says
The Specie average the Bank this arnoon as an
opsts howsa moderate increase bearing the line once more
tRenty four millions The Shipment % urope on 1a
though some further considerable receipts from the South and
West hy coast steamers and express are near At ena ~ fs
snce line the BlnAa have net been able win
their abundant meansn Specie and Deposs to command sum
Gent paper increase lhs ayege This L ne IloLs
regard the date Of bills Wnea ney are rsany .
take known TO extended IN some instances 20 sou
month";. The fact denotes suosntal ssS N ne s
Money, well as consnasDis PIlesnes eon our
business men in creating paper on merely
That most Of their Bills kecelEaols Lay Tg 80 80 3.
the cheap going rates Is gate -.
leading commission houses and importers are frequently applied
70 in for such lists Of paper as thsy nay progressively
s EsT York Evaang Post of the 18th quotes call loans at
4a5 cent with more doing at the outside figure and prime
paper At 45l96.
The New York journal Of Of the 18Th thus ac-
counts for the condition Of monetary Affairs in that city
The offerings Of prime business paper the banks are quite
limited owing the scy With which negotiations made
the note brokers, and also 70 the comparative scarcity Of this
One reason Of the numerous complaints which are made in re-
gard in financial circles outside Of the banks that
operators by far for the amount Of
employment oderng When millions Of dollars
pended every month N the CONSTRUCTION OF railroads IN various
agents this financial cene the pckngs good and there
agencies This heavy expenditure has been aerRg
through the completion Of works then in progress
and ne dcuity Of negotiating for means to carry on those I'M
Of fnanceng regard 10 railroads and similar enterprises
is ali eanged Formerly financial agent put his hook
ana somebody was sure % nbble supplies
chiefly drawn from lenders with arse small capitals, who
eager for profitable investment and anticipated large
per cehage with trouble in collecting coupons
The disappontments and bghts hopes Of these
pectaa fresh il 70 AllcE this plan 70 be longer
successful The funds drawn out either toconuc
works. to complete those formerly underaksns must be obtain
chiefly parties interest," and all this narrowed down
limits successful ngoaOn snd shut out large class OF
those who hoped make living from this employment
thing extent OF stock operations
When nearly every in the community contributed literally
70 NEGOTIATIONS the found ner orders abundant and
the commissions tempted large number ino the hd Now the
outside few ct least the number is limited Tor
whom Il IS sse responsible broker to undertake abeaYv bust
ness. This likely be perpetual In the absence Of H.
csnss gaming and the ecuOn OF the stands for the sale
otsy tickets together with the dsrpute in which
descriptions Of adventures held BY decent people, The
chase ioF the excitement OF speculation s
likely long out Of fashion. The craving oz tnas smu
us which aenos the hope OF acquisition without labor the
anxiety profit beyond the ordinary return for safe invest
ment (which lie foundation Of tie gambling propensity
business the Board and furnish fresh VIC
tins to be fattened against the day Of sacrifice.