Daily Nashville patriot. [volume] (Nashville, Tenn.) 1860-1862, 1861-06-07

| are Impressed Wild the importance Vi q
rangements to put the currency Of the Coz
| federate States upon footing, as near {
practicable, of equality. They are prepare
to acquiesce in any judicious measures to thu
result, and may be expected to assent
any arrangements sanctioned by the ConveI
ton and concurred in by the Banks OF Ii
other Southern States.
Should the Convention, for any reason, d.
eide to hold an adjourned meeting, II WI
give pleasure to our Bankers to unite IN thl
conference.
| l am, with great respect,
/ Your obedient servant, .
| VIM. III. MCFARLAND, President.
To the President of the Bank Convention
Atlanta, Georgia.
| Mr.. G. B. LAMAR, of Ca, was elected Pres
ident, and JAS. S. GIBBS, of S. c., Secretary
Mr.. Trenholm then presented the following
communication from Secretary Memminger
CHARLESTON, May 81, 1861.
To the Convention of the Banks of the Con
federate States, Atlanta:
GENTLEMEN-I regret that the exgiencie:
of business prevent my attending your meet
ing. / am not informed as to the objects
which are contemplated, further than by the
statement in the published call of the Con.
object stated in the call, L have concluded
that the best mode of furthering it is to III
form some members of your body of the
views and fiscal plaus of the Government,
and endeavor to harmoniZe your action with
those plans. To this end ! Rave conferred
fully with Mr.. Geo. A. Trenholm, OF Charles
ton, and have requested him to present those
views; aud feel confident that you will find
your wishes, if not anticipated, at least, es-
sentially promoted by the arrangements al
ready made by the Government. 1t will be
in your power to forward those plans
and 10 add to the financial credit OF
the Government. and feel assured that you
will use every effort to advance this great
object. Permit me to add my assurance that
you may rely with equal confidence upon the
Government for hearty cooperation IN
every plan which you may advise for secu-
ring the public and private interests OF oor
people.
Very respectfully,
Your obedient servant,
&C. MEMMINGER,
Secretary of the Treasury.
Mr.. Ravenel announced that each of the
Banks of Charleston had passed the following
resolution:
Resolved, That this Bank will credit the
Secretary of the Treasury with the sum OF
one hundred thousand dollars, at the rate OF
6 per cent. per annum, secured by large
Treasury notes to be redeemed by small
Treasury notes, and to be convertible into 3
per cent. Bonds of the Confederate States, at
the option of the holders.
A number of propositions were made, all
of which, together with the letter of Mr..
MEMMINGER, were referred to a committee
composed of the following gentlemen Mr..
WIcks, of Tennessee; Mr.. Ravenel and Mr..
Trenholm, of South Carolina; Mr.. Cuyler
and Mr.. Jackson, of Georgia; Mr.. Donegan,
of Alabama; Mr.. Cole of Florida.
Having deliberated upon the several pro-
positions, the Committee, through Mr.. FREN-
HOLM, reported as follows:
The Committee beg leave respectfully to
report that they have carefully considered
the several matters referred 10 them by the
Convention, and recommend the adoption of
the following resolutions, which embody all
the measures they would advise the Conyen-
ton to adopt for the present:
Rss0EUed, That this Convention do recon-
mend to all the Banks in the Southern Con-
to receive in payment of all dues to
them, the Treasury notes of the same on de-
poetic, and pay them out again to custom
ers.
That until the said Treasury notes can be
prepared and issued, it be recommended that
all the Banks do agree to advance to the Gov
eminent in current notes, such sums sever
ally as may be agreed upon between them
and the Secretary of the Treasury-the said
advance to be made on the deposit with the
Banks of Treasury notes of large denomina-
ton. on per cent. Stock or Bonds.
That all the Banks in the Southern Con-
federacy are earnestly urged to take immedi-
ate action on the foregoing resolutions, as
measure of the greatest Importance to the
and the people, and ccmmuni-
cate the same, without delay, to the Secreta-
~ Of the Treasury, at Richmond
That il be recommended 70 all the Rail-
road Companies in the Southern Confedera a
~, to receive the Treasury notes in payment
IF fares and freights-
That the Legislatures of the several States
do make it lawful for their tax collectors, and
other officers, to receive the Treasury notes
in payment of all taxes and all other public
dues
That all the States, cities and corporations
having coupons payable in the city OF New
York, or elsewhere, il the enemy's country,
be requested, during the continuance of the
war. 10 appoint some place Of payment in the
States, and to give their eredl-
tors notice of the same.
That the Committee recommend that when
this Convention adjourns, it adjourn to meet
again on the gath day of July next, at Rich
mo1d, Va
The resolutions were read seriatim, and
each one was adopted unanimously.
Mr. Roberts offered the following:
Resolved, That copy of the proceedings of
this Convention be sent to each Bank within
the Confederate States, with request that
they cooperate with this Convention. Adopt
ed unanimously.
The Convention then adjourned, to meet in
Richmond Gath July.