Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-05-19

Monetary ana Con,mereial.

SATURDAY EyESINe Nay IL, 1861
We notice that the Nashville Lie and General
Insurance Company, ? chartered By the Legislature
of 1884, has commenced operations and has issued
change bills of the denomination Of enc and two
dollars. The clause in the charter upon which these
issues are predicated is as follows;
Be further enacted That there shall be establish
ed in the city of Nashville company ior sne pur-
pose of tr insactipg the business OF Lie aIu Sene,
raj Insurance. which company shan De cameo r ana
known BY the name of the Nashville LIE ane -
eral insurance Company; anu 1iSo my
and their successors, by tho name, style ana e ol
the Nashville Life and General Insurance COMPANY;
snail De IN law capable of purchasing, holalng anu
conveying all kinds of estate, real or personal Oh
receiving in trust from any person or persons;
money, Jewels, plate or other valuable thing and
OF giving their Acknowledgements nf such deposits
IN such form as the directory of said company may
deem best suited for the mutual protection ard con-
venience of the depostor and the company that the
SAID company shall also be authorized to loan their
funis on any public stocks Of incorporated compa-
Mes upon the States the United States or to In
vest the same in any real or personal securities
The President of this Company is Mr.. W. L.
BRowN of Giles county, and the Cashier, Mr.. ALEX.
WHELEss, of this city. We are informed that these
issues are received deposit by the Banks of this
city. We are authorized to state that the stock
holders, although NOT required to do soby their
charter pledge their individual property to the full
redemption of all the issues of their Company.
There has been and continues a considerable de-
mand for Gold, and it is quoted at l0Gl5 per cent
premium. Exchange continues scarce but the de
mand is rather light. The quotations range IRON
10 to Is per cent premium.
There has been a considerable improvement N
Uncurrent Money during the week. At the recent
extra session of the Legislature series of resolu
tons proposing "Bsnk Congress of the Southern
States" was adopted, providing that the present
unsettled and distracted posture of public affairs it
is important that the Banks of the Southern States
should, at an early day, be represented in Gene
raj Convention or Congress, to confer and adopt
such line of policy as will best promote the general
welfare, and insure currency If uniform value
throughout the South" The Charleston Courier
states that far as il has been able to learn the
proposition meets the cordial approval of the Banks
in that city. Such Congress would undoubtedly
do much towards equalizing the value of the Cur
rency of the Southern States and it should be held
In New York on the 18th, at the first board, the
following sales of Tennessee Bonds were made
$4,000 st 43c, $4,000 at 42Ic, $1,000 at 42gc, and
$4,000 at 42c.
The only sales OF Gotten reported during the week
amount to IS bales at 91@IO3c. The receipts of
the week amount to Al bales. against "a last week,
and the total receipts since the LIST of September to
II 486 bales.
There has been but one sale of Tobacco during
the week, by Mr.. A. HAMILTON, of Is hhds, st prices
ranging from 225 to 10. The receipts of the week
have amounted to 80 hhds against So last week and
since the 'st of September to 1860 hhds
Transactions in other departments have been very
light. The movement in Breadstufs and Provisions
has been confined simply to supplying the demand
for Immediate consumption. The trade is so irreg-
ular that we cannot give reliable quotations, and
have, therefore. omitted our usual weekly review.
The New York Evsnisg Post of the l5th says
There is more speculative business in the State
Bonds and Missouri Skies rose II per cent. Ten
nessees and Virginias. however, remain weak at
yesterdays prices. The former sold freely al 42(9
Az. North Carolinas are one per cent better. We
quote: