Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-05-28
The Propc.ed Rauk Courress.

The committees Of the Banks Of Charleston he'll
meeting on the 23d inst, to take into consideration
the proposition OF the Legislature of tins State fol-
. Congress Of the Banks Of the Southern s ates, a
which the following resolutions were unsrimousl,
| adopted: s.ss-.
RESOLVED, That the representatives. of the seyera
bEbks now pretent, respond cheerfully to the invi
tatOn to send Delegates 70 the Bank Convention pro
| posed BY the State>of Tennessee.
Resolved That the several Boards here represented
be requested to appoint forth with each Daley Al
to the said Convention, and TO report such appoint
| nent to the Chairman of this meeLting who will
report the names returned to him. 70 his Excelency
Governor Pickens. with q request that he commu-
ncate the appointments to his Excelleney the Gov
ernor Of Tennessee.
Resoloed, That the several Banks Of the interior
OF this State be furnished copy of the above pre-
ceefings, and requested to consider the expediency
OF being represented in the proposed Convention.
Small Notes in North Carolina,
The Ashvile IN. c. Neas learns that the Legisla.
sure of that State has passed bill authorizing the
issue by the State Of five hundred thousand dollars
| in notes from cents up TO 81; say in S cents, 10
cents, 70 cents so cents, and dollar This is to be
the first issue. The treasurer Is then authorized to
borrow similar of five hundred thousand
dollars from the banks then to issue treasury notes
in Sums of three dollars and upwards, and so on,
by way of loans and scrip to be negotiated or issued
from time to time until the sum of SIS 900 coo, shall
have been expended should the troubles last so oug
as to require such expenditure.
We regret to see this step on the part of North
Carolina, and hope it will not be initiated by any
other Southern State. There is certainly enough
silver change the Southern States to answer the
ordinary purposes of trade, and while this Is the
case the country should not be flooded with SHIN
plasters liable to become deprecated at any time
If the Bank Congress proposed by cur Legislature
should be held, we hope it will, one of its acts
should be to dscountenance the issue of small notes
and to urge the furnishing silver change in their
stead.
Astounding Bank Frauds.
It is stated that the examination into the affairs of
the Bank Of Albany reveals system of fraud ex-
tending for years back, and astounding devel-
opments in regard to the operations of one or two
leading men III the bank will be made In fe days
The attempts which have been made 20 "vhite-
wash" certain guilty parties involved will also be
exposed. The books of the hank have been falsIied
in every conceivable way. It was even made to
appear at the directors meeting that the deposits Of
the bank were only S250,0OO, whereas the actual
amount was $4,000 Among other frauds, one
note for $4,000 of leading politician, which was
supposed to be paying asset of the bank was paid
By him seven years ago. and receipt thereof obtain
ed; the interest this note was paid by the party
interested in making it appear an asset of the
bank.
Contraba Rank Notes
The New York journal Of C0rsaercs of the oath
says:
Mr.. ". L. Ormsby. the we'll knOwn bank note en-
graver called upon q S. Marshal Murray yesterday,
and told him that he (Ormsby) had received orders
10 March last from the Whitfield Bank, of Dalton,
Georgia, for plate and notes. which he had accord
ingly made. Several days ago be had received
letter from the Bank Office $, directing him to Send
on the work and his bill would be paid. He there
fore asked permission to send the notes by Adams
Express Company, but the Marshal refused to grant
il. and informed Mr. 0rmsby that the Federal
authorities considered the contraband because
signed by the Bank officers they would
become currency. Mr. Ormsby retired and soon
after at 10 the Marshal box containing the bank
plate and four thousand impressions of notes, Of
the den, limitations of Is Is. IS and lQ representing
the aggregate value Of $50 600; and the proper
~ is now in the Mafshal's possession,