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

The Cincinnati gazette ofhs 18th says tn, discount houses
port an increase in supply money hs sin
il excess @ available MEANS AM the market keeps close
Most Of the large houses however increasing their lines and
their income January being arge they expect BE- able to
expand gradually through the month. The scarcity Of exchange
keeps the supply currency tbs asserting ouses down
low point all obainabe being returned upon
the banks as fast received, that notsa 'dng liberal
receipts through channels hsre Is accumulation
with this Rates Of interest fra, at lO92
per cent with the iane and paper sold outside at from y
to "a per cent. The Gavetts adds:
The supply Of Eastern Exchange continues light and not equal
Dealers get but little the counter and foE
Of the New York checks oared s. paid Drafts on oth
aud 3O3 BALTIMORE and Boston. The rate for bankeF-
cHecks, on AL the ciies, vas prem Prices have strong Up
S me ,alsy ol = 49, mi in aT,sr5 gartesS oeIei y
premium to-day held their checks At l. The demand for
c Ne osnrs On The East are very molsrae aad good
paper is placed without difficulty l2 dis for GO days and
hs5z dis for 80 days. Gold retails at = pr-m
Eastern Exchanges scarce throughout the West and rates
have an avanca tendency The ST. Louis bsIks dois
draw at = prem Missouri currency, and prem for Hi
nois and Wisconsin, At Chicago the has advanced to
prem Western currency consequently heavier at - dis for
Missouri, and FOR Illinois, Wisconsin and Iona.
The Mobile Railroad Company ha received offer
for all the bonds Issued the Company receaty by the city Of
Mobile, taken Far bat the Company have determined to
hsd them at premium Whist other city bonds ia tina South e
Westwould command like oder
Prom the annual circular Of Messrs D. Pratt. Co., Of New
York, We make the following extract:
Il iseydsntth the ELECTS othe disasters Of 1857 still remain,
they exhibit themselves in the heavy suspended ndebt
einess remaining uncancelled. At the time
r X was very generally believed by both credit and 5etor
the possessed the auy full very nearly
so; and general spirit Of accommodation, that under The
circumstances most worthy, existed, and proeTed
and accepted Circumstance however, have shown that this
hops vas fac0us and that spittOf speculation which
prevailed generally had driven capital from its chan
nels and at4 arg proportion q the traders e. the west had
de investments in real estate which the inflated times Of sc
seemed promise safe but which in fact lnudcous IN
sound ard have largely contributed to the depressed condition
which that portion Of our country now eXi5ts Cur MERCHANTS
understanding that the prospects not frightening nov
pushing claims and assignments olOWhe assets fn NOD
cases exhibiting themselves 10 land stated which have hr
bought oFsrvue. and which 10 the end will Ila
| per centage TIE dehtinToiyed-
Our merchants we'll understand their business and ID,
wantsof the country. Inflated times mag lead them 70 over
trade taught BY recent sad experience thy are at
men sufficiently and likely 10 eut r ever
stock the market such an event win be produced only By th
desire Of European Manufacturers and colgn0rs get rid
I their goods BY shipment TO this country
There were in the United States and British America "a
1851, O3 tbl arms, and ia lejs @ i. 80
accounted FOR BY the fact thst making table salts
fer 81 counted large Der Of ls
pended, tut who have since business which
brace, together with many small before appearing o.
our books The increase Of popuaion has also had an eaeei
the healty cendicE and good credit Of the South have
many new trading establishments at dnerent points
/ that secion.
The aggregate Of The past three ears shows bsp deo- u
the United States British North Auerea Of the enoron
sum Of s46sssS 81 Of which amount w ~ ~ i
absolute &c De creditor This Is respeeiYe o. ne i
losses by railroads ara csT public corporate cln pi
These astounding figures ae would D. ine1nsa - -
/ for the proofs furnished By our records
Accompanying circular is stats cal table showing d
mercantile failures o. 1857 IS, SO in the Uatei States ans
British Provinces with analyso nature q tie failure
and the average per cage Of loss caused by them In ls5
there we're la3 failures Tor s09soI o0i in ISIS, ASH failure
o. sI,ls7y 57l, and in l55o, 1853 for s6ss67ooo,