Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-02-12


The act OF the Eo March, 1855, tse Public Acts chapter e
provides
That after two years shall have elapsed from the date Of ns
notice voluntary liquidation q any E5ee bsnk and the out
iuced 70 under thousand dollars then me shah
be authorised and hereby dreee' e ne
bends and take security apprOsei q wv ~ A' O0'
| standing circulation.
Under this provision Bank Of eomnerc at Nashville the
River gank at Menphs aud the Farmers Bank AZ Knoxville
have all their Bonds deposit with the Comptroller
We have no knowing what the outstanding circulation
Of Of Commerce and River Bank amounts to,
though is understood small The oeOee Bank which
owned by the parties Farmers Bank reports the ous
standing circulation Of the latter at s4y675.
The following Free Ras have 90 per cent above their crcua
ROnds deposit ui the Comptroller of the description
designated:
cambridge Bank Nashville and Chattanooga Railroad Bonds,
endorsed by the State.
Southern Bank, at Memphis l6 per cent State Bonds,
Bank of Nashville-4 Capitol Bonds.
The following Banks have per above their crcua
ton OF Bonds on deposit with the Comptroller the description
designated:
Rank of the Union at Nashye536 per cent State Bonds
Bank OF Memphis-5O Nashville and Chatanoeaa Railroad
Traders Bank at Nashvel5 City Memphis Bonds ISSUED
for stock in Memphis anu title Rock Eaiiroad endorsed
Merchants Bank, Nsshville40 Nashville and Chattanooga
Railroad Bends endorsed by the State and 10
CITY Bank at NahvieS4 Nashville and Chattanooga Railroad
Commercial hank at Memphs5O Nashville Chattanooga
Railroad Bonds, endorsed by the State.
Bucks Bank at MMinnve15 Nashville and Chattanooga
Bonds, endorsed by the stae 10 Capitol Bonds and
Nortberp Bank al Clark1T.-37 per cent State Bonds.
We notice further improvement to-day Of per cent in
Georgia. Carolina and North Carolina currency in eOn'e
quence the Of Exchange at the South We
quote Georgia per cent discount South Carolina and
North Carolina.
The notes Of the City Bank continue pass freely at in
the
Banks The circulation of the City Bank
which the LIST OF January has been reduced below
SIS 900.
The demand for Exchange fully equal supply though
remain as formerly quoted, l9k cent premium
latest dates Exchange quoted in Louisville at 9
per cent premium, Cincinnati u, St. Louis Chicago ?.
The high Louis Chicago consequent upon
scarcity Exchange the demand represented quite light
South Exchange abundant and downward ten
deny prices the result. TIE Savannah Repas Of the
9Th says
Sterling easier this week. quote 1O91o5.
As money plenty domestic exchange begins to de-
cne quote the bank rate at cent premium ia
easily at bank interest off, and OCCASION
better than this has besn done The injustice Of the
restrictions imposed banking institutions has been made
apparent during the existence OF troubles which hsse beset our
money natet i0 the past few months Inc result o. 9ese
the hands OF individuals at time when Exchanges are in
the same privilege indvidn.s The srons do not rsn-
the price Of Exchange snply prevents the banks from
structions the Of The difficulties 10 be
the supply getting equal to the demand and the
rate is declining to a specie easis
be Charleston Courier Of the sth says
The transactions have established decided decline
opened 77 premium for Sterling bills,
but the closing 617 Francs quoted at 57z9
49, Of the week checking freely
Northern points at ~ cent premium for Sight checks
Our New York by mail to the 9Th last
At the the 5h $1,000 Tennessee cent
Bonds 70c the first board the 9th geo at Tic
7lc. By telegraph to the Cincinnati papers, we
the 5h Tennessee Bands sold at
69c the second board Vrgnia sold at 74c From the
that at hs first board the 9th Tennes
| sold at 69Hc and Yirg3ias at 75c.
The telegraph reports that the President has approved and
signed se5 100000 loan bill which passed both Houses
originally reported, with and amendment providing that the
the loan authorized by act Of June 1850,
may deemed necessary, shall be applied to the
dempon Of Treasury issued under the act Of last Decem
ber other purpose The Secretary Of the Telsuryis
exchange the bonds Of the United States for
Treasury notes. legal interest," and shall net be Obgsi to
accept only the favorable bids provided for unless he
shall consider advantageous the United States and
portion said under the first advertisement be
Snay sgain advertise according to his discretion.
The following comparative statement Of the experts OF
specie from foreign ports the I'd Of February In
| vsars