Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-12-01

Ice
The circulation Kentucky Banks the lst of NoVsm-
Der was in round NUMBERS showing heavy
contraction during the and ll This neary three
millions and three-quars than their capital and three
millions half less than their circulation the LIST Of Janu
ary, 1860. -a
The Bank the State Of South Carolina the Bank Of South
Carolina Southwestern Railroad Bank, and the Planters
Merchants Bank have suspended specie payments We
only surprised that public sentiment in Charleston has not COM
PEELED all the Banks in that city suspend time since We
presume all the Banks in that State will follow
The Manufacturer MIcon, Ca has suspended and
will probably wind up. telegrphe depatch to the Charles
Courier states that the Brokers Of Augusta Ca, buy
| no:es of Banks outside of Georgia. 20
Ali the Banks in st. Louis except the Merchants Bank which
stood ont through the panic Of 1857 have suspended specie
mens and will doubt be followed by ali the Banks in the
| West. $3.50. ras. 1 ..gt
of Wilmington N Co. have suspended speie ply
! ments.
eegraTAc dispatch from New York. dated the evening
9sh, says The meage transactions to-day indicate that the
Money pressure has about spent itself" The New York EceN.
ing Post OF the 26th only previous entertained very
different opinion. That paper said. ,@ H-i
Although there relief in the market yet the
feeling is far from comfortable and the unsvoable crcu
financial distress originated to te
thoroughly canvased impression ground that the
| trials Of the market are by means ended.
The bank officers of this city, who participated in the expan
sion of last week, doubt beginning to feel that further
large increase loans would the exchanges against them.
and would seem wise their part that the srngncy OF
prevent sudden reco should the be turned
New 70 specie would undoubtedly suffer large
peon, and sharp contraction the present line OF loans
might, the existing sensitive OF the public mind prove
disastrous confidence Notwithstanding the bersliy q hr
banks merchants should lose sight of their country col
lectonsthese be made to greatly strengthen this point
promptly looked after. Is r-4
The principal points the foreign By the Arabia are,
the whole less favorable ntess The in
the tate discount by the Bank OF England six cent
been prompted the heavy drain Of gold to the continent
and the OF the London market will be watched whs rea
deal Of interest the for the receipt Of the Of the
crsson this side approaches London already seems i'll
psref the shock that by the steamer Of the 18th inst
will there The competition Of the Bank Of France
which had previously been obliged to advance its rate to ~ pei
cenfOr English gold very active The following items BY
the Arabia will be undressing:
The minimum discount raised by the Bank Of
England the l5a to per cent although no gold mad been
drawn that the movement was T. lie
graphed to the Bank Of France and the contempt additions
| was suspended.
gold value Of f575OO0 arrived on the l6ta
which money the Bank Of France and thus tenn
pOrary prevented further TithdraWas from ne BANK
| England
confidence Friday. aDd funds slightly i'm
Proved closing firm. Discount market continued present an
anxious and unsed and no business mad en don't
below the Bank minimum and in per cent was the
lowest rate that would Three months paper was mol
negotiable below per cent months paper at 9per cent
Paris sdvices that although the pressure Tor gold on e
that establishment had decided not q
OF discsunt AZ per cent fer the present.
thought Bank Of France would continue 70 QUINN
supplies from England London Times city arce main
uneasness although the drain OF
the Bank the statement is SAID TO have been I'm
mense