Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-09-07
COMME.RCIAL..
Mehetary and CommeTcsal.

'ne city OF Richmond, on the I'd inst IL was mani.
mousiy resolved that the Banks Of that city vouls
receive and pay out at their counters the notes q
.ae following Banks and none others, until further
determined:
,1 5 Of Virginia and Branches Farm.
ers 6ank OF Virginia and Branches Exchange Barl
l- ala branches, Bank Of the Valley and
/ DrSuOus5i DanA OF the Commonwealth TradersJ
Bank at Richmond, Bank Of Ricbr,15 Rsr - -
/ Old DOM mlon and Branch. Montieello RAM D,n-
| vile Bank. Southwestern Bank ~ V;;-;s r..
ers' Bank at klneastle, Bank Of Commerce Bank of
| Rockingham. Bank Of Howsr5sviIIa Rsri -
Charleston Bank Of Roekbrilve No-ob,.,l. , - y
at LynchbHrg, Bank Of Scottsve Cens,sI Tssi ~
| Virginia, Bank of Winchester. + - - y
3 NORTH CARoIJNA.-Bank Of Cape Fea- ara "a
es, Bank Of North Carolina and Branches. Benz AZ
Wilmington. Commercial Bank Of Wilmin0to 90 u
Souri, CARoLRA.-BaEk Of the State of So-,h
Carolina and Branches at Charleston, Banb -
Charleston at Charleston. Bank Of South Carolfs.
at Charleston, Farmers ard Exchange Bank at
Charleston, Peoples Bank at Charleston, Planters5
and Mechanics Bank at Charleston, Southwestern
Railroad Bank at Charleston, State Bank at Charles
ton, Union Bank Of South Carolina at Charleston,
Bank OF Camden, Bank Of Chester, Merchants Bank
at Cheraw, Exchange Bank Of Columbia, Commss-
cal Bank, Bank Of Georgetown, Bank Of Hamburg,
Bank Of NeTberry, Planters Bank of Fairfield.
GE RGIA-Bank Of Commerce at Savannah. Bank
Of the State Of Georgia and Branches at Savannah,
BANK OF Savannah at Savannah, Farmers and Ne
ehanies' Bank at Savannah, Marine Bank at Savan-
nah, Merchants and Planters Bank at Savannah,
Planters Bank Of the State Of Georgia at Savannah
central Railroad and Banking Company at Saven>
nah, Bank Of Columbus.
LouIsLASA.-LOuisiana State Bank and Branches,
Bank OF America, Bank of Louisiana Bank Of New
orleans, Sltlzena' Bank Of Louisiana and Branch,
crescent City Bank, Mechanics an Traders Bank,
Merchants Bank, New Orleans Canal and BANKING
Bank --'
TESNEssEE-Bank of Tennessee and Branches,
Planters Bank of Tennessee and Branches UniOn
Bank of Tennessee and Branches, Bask of Memphis.
Bank OF Chattanooga
We understand that so far as the Banks men
toned In this State are concerned the arrangement
Is reciprocal. THIS arrangement Is Of great avar-
tase to those who may desire to send money to our
soldiers in Virginia, as it enables them to use the
notes of our Banks at par
A similar arrangement should be entered into BY
all the Banks in the Confederate States. In the
present crisis every thing should be done to place
the currency of each State at par in each of the
other States Of the COnfederaey. It might bear
somewhat heavily on some of the Banks for awhile.
butt would soon work very smoothly and wolId
greatly facilitate INSTRUMENTATION and trade be-
tween the States.
In New York on the 9Oth ult, at the second board,
$1,000 Tennessee 6 per cent Bonds sold at 4sle
The New York World Of the 3lst ult says.
The following is the comparative statement Of
impors Of foreign dry goods at the port of New
York for the week ending August 3d. and since jan
uary L:
For the week Is5s 800 - 1851
F FRss s sil. ss.. s. ' 3!; ;53s s
F F6:.:s !. T. - s ss9 g sss '9ssss
u e. Al
generally expected, and there is no doubt that the
continued small imports will cause large profits to
be realized On desirable goods
The importers still adhere to the determination
to sell oaly for cash, thirty days te very strong
firms The result Of this system, if De sisted in
throughout this season, will be To- enforce liquida
ton o. firms at present solvent and who can pay
their debts if granted moderate credit, bat who
will certainly suspend if the cash and no eredis
system be figidly adhered to. There Is small de-
nand for goods which sold az good profts for
cash. If credit was granted fair business would
be transacted to those buyers st present here from
he West
The supply OF Cotton Is running very short in the
Sorsh, and the consequence is an excitement groW-
ng up between spinners and spectators. The New
York Herald of the 3lst ult says:
The Cotton market was excited yesterday It
vas reported that some heavy government eontrae-
Ors were purchasing, which gave a new impetus
o operations, 10 QeciQeQ aQTance prices.
The sales footed up about $500 70 000 over 600
# which we're taken by spinners, said 70 be engaged
n filing government orders. A good portion Of
be remainder was taken By speculatOas. The
z2i ket closed on the basis Of 10000 for mid
ling uplands. This is the highest price It has
stained in tweHty-One years. The stocks at The
sstward light, and are about exhausted in
'htfadelphia. Government contractors for duck
md cloths on the basis Of lie for raw cotton in
une, and who may have been compelled to come
IL, - =. IA
0 sustain heavy losses. We heard yesterday that
ONE contractors had, owing TO the rapid adTaRss
D cotton, thrown up their contracts, and expected
o pay their forfeits. A heavy contract for cOttOn
GODS was said to have been awarded within few
sys. and that the parties to whom they were given
we're in the market yesterday The stock is re.
uced, and the government may be said 70 be con-
idered an Indirect competitor with spinners hold
1g no contracts, IN purchasing supplies The
lngiish have not yet realized the contraction Of
upplies which their manufacturers may soon have
D meet and which ours have already experienced.
ndia is long way off, and its increased cultivation
large extent anywhere, OF 70 an extent to equal
,e the two or three millions Of bales hitherto re-
eived from the United States, now withheld by
he blockade, is not the work Of day, nor per-
APPS, Of several years.
The statements of the stock On hand in England
re deceptive because of the fact that the stock
OW consists in undue proportions Of the East India
nd other inferior staples. The American Cotton
he rise viii be more rapid that the shortness
eginS to be felt.
The Herald states that an entsrprising SPECTATOR
that city has realized $1,000 upon the sale Of
70 eargOes of Cotton recently imported from
liverpool. The Northern spinneFs are compelled
pay these enormous profits IN consequence Of the
ockade.
The New York World, specializing upon the diff
llty of procuring Cotton, asks, "HOw shall our
ills and the English spinners procure it, or what
icy need of it?' and proceeds to answer itself by
ying, if the LINCOLN Government viii do ''whstlt
to be supposed it fully intends to DO that is, take
emphis and hold it open for shipping Cotton to
e North and England, the needed supply can be
ID 1t might be well for such theorists 10 UNDER
and that if the LINCOLN Government could take
enphis, the Cotton would not be found there, nor
Oud it come there. But says the World: The
secession politicians and military leaders of Mem
phis may recommend the planters of Tennessees
Mississippi, Alabama and Arkansas to keep their,
crop at home but their necessities are the same
Is that of all tillers Of the SOIL The World
Duld fnl appeals to the cupidity Of planters IN
ailiDg. They are aetuated BY nObler patriot
n than is 10 be found in dollars and cents. Il is
ident that the Cotton question is making itself
l. in the North as well as England. We shall
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