Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-06-07
tered on the minutes
FARMKR's BAHK Oh VIRGINIA,
RschraonI NJ M lQc

/
FARMKR's BAirK VIRGINIA,
| Richmond, May So 1861,
SIR 1t the wish Of the Banks Of this city represent
ed in your Convention, and delegates to appointed
however, the enemy supposed design nrosds into
State, and there natural unvngnsSs the Of
all homes ROr this alone, our Banker
viii no. be present participating your deliberations
have the pleasure that Bankers impressed
the Importance Of pu. the currency Con
ederae States upon footing practicable equA
G They prepared to scquiesce in judicous
result expected any arragenent
sanctioned the Convention and coneured by
| the ether Sosthern Gtates
Should the Convention for any decide hold
ourned meeting it will give pleasure Bankers to units
this conference. am with great respect, your oSd
To the President Of the Bank Convention Atlanta Georgia
Mr.. Trenholm presented the following communi
cation from Secretary Memminger, which was or
| dered to be entered on the Minutes:
CHLRLksroS, Nay 81, le6I.
To the Convention Of The Banks Of the Confederate staes At
GErLzE-I regret That the exgencies Of business prevent
which are Contemplated further than By the statement in
Published cali Of the Convention Desiring greatly forward
OF further ng inform your body the
fiscal plans Of the and endeavor
ferrsd fully with Mr. Geo trenholm, Of Charleston and
have requested him to present those views and feel confident
TALLY promoted by the already made BY the
enment It will be in to forward those plans and
scred that will effort TO advance this great
Permit to add that rely with equal
plan which advise for securing the public and
private interests Of our people.
Very respectfully, your obedient serva-t,
Secretary Of the Treasury.
Mr. Ravenel announced that each of the Banks of
Charleston had passed the following resolution:
Rssored That this Bank will credit the Secretary OF The
Treasury with the Of hundred thousand dsars
Add be convertible cent Bonds Of the Confederate
States, at the option Of the holders
Mr.. Holmes stated that there were great many
Bonds of States, Banks, Railroad Companies, cities,
and corporations, whose interest was payable in
New York He suggested that this Convention re-
commend to all such the propriety of paying the
same at some point points within the Confede-
racy Referred to the Committee to prepare bus-
ness for the Congress.
Mr.. Trenholm suggested that circular be issued
to all the Railroad Companies recommending them
to receive and pay out at par the Bonds and notes
of the Confederacy. Referred to the Committee.
Mr.. Holmes presented plan for the Convention
to adopt, which he wished to refer to the Commit
tee for consideration merely, without being read.
He hoped his plan, or some such, would greatly ia
cilitate the Confederacy in its measures 10 secure
money and means to carry on the war. Referred to
the Committee.
The President suggested the propriety of recon-
mending to the Congress soon to assemble at Rich
mond to limit the amount of notes to be issued and
make them legal tender during the continuance Of
the war, and for two years afterwards.
Mr.. Cuyler presented resolutions from the Banks
of Savannah similar to that of the Charleston
Banks. Referred to the Committee.
Mr.. Cole requested that the Committee inquire
into the expediency of Congress passing an act
making the Bonds and notes of the Confederacy
basis for Banking capitalize same as gold and
silver.
Subsequently, Mr.. Trenholm, from the Committee
on Business, presented the following report:
The Committee beg respectfully report that they have
carefully considered the several matter. referred to than BY the
Convention, and recommend the adoption OF the following
utsns which sbody all tbs they would advise the
Convention to adopt at present;
Banks Southern oonedeacy receive in payment OF all
them the Treasury notes Of the deposit and pay
them out again to customers
until Treasury prepared and Issued
be mmended that all the Banks TO advance the
upon between them Secretary Treasury
the said advance to be made the deposit vita the Bankso
Treasury notes ofarge denomination Stock Bonds
That all the Banks the Southern COndacy earnestly
urged to take immfds action the foregoing resolutions
Of the greatest importance the Government and the
people, and communicate the same delay
tary of the Treasury, at Richmond
That it be recommended all the Railroad Companies in the
Southern Condeacy to receive the Treasury notes payment
Of fares and freights
for their collectors and other officers receive the Trsssl
notes in payment of all and all other public
payable the city Of York. or elsewhere in the enemys
country requested during the continuance Of the war; s
point place OPaynent in the Confederate States and to
give their creditors notice Of the
That the Committee recommend that when this Convention ad
70 OF next,
at Richmond, Va.
The resolutions were read seriatIm, and each one
was adopted unanimously.
Mr.. Roberts offered the following:
ResOtUed, That copy of the proceedings of this
Convention be sent to each Bank within the COnfed-
crate States, with q request that they cooperate
with this Convention. Adopted unanimously.
Mr.. Ravenel stated that the Banks OF Charleston
Savannah, md Augusta, had already adopted the
recommendations of the seond resolution
The Convention adjourned, to meet in Richmond
on the oath of July.