Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-06-06

This important financial convention, called
by he Tennessee Legislature, met at Atlanta
on the 50, and after a very interesting session,
adjourned to meet at Richmond on the PAN Of
july. Thirty banks we're represented By dele
gates, and the Virginia bankers responded BY
letter, giving as q reason for their absence
the war status Of the State, and saying that
they are impressed with the importance Of ar
rangemsnts to put the currency OF the Con-
feserste States upon a footing, as near as
practicable, Of equality. They are prepared
to scquielce in any j~udleiOus measures to that
result, and may be expected to assent to any
arrangements sanctioned by the convention
and coneured in by the banks Of the other
Southern States.
Mr.. Trenholm presented the following COM
munisation from Secretary Memminger, which
was ordered to be entered on the minutes:
CHARLEsroN, May 81, 1861.
To the Cospsatfsn Of the BGnks Of tAe Confed-
crate States, -aRanta
GENTLEMEN regret that the eXigsneies OF
business prevent my attending your meeting.
an not informed Rs to the objects which ase
contemplated, further than BY the statement
ia the published call OF the convention. De.
string greatly 20 forward the object stated in
the call, I have concluded that the best mode
Of furfhsring It Is to inform some members OF
vour body Of the views and fiscal plans Of
he Government, and shdeavor to barmonize
vour action with those plans To this end ]
have conferred fully with Mr.. Geo. A. Trsn-
holm. Of Charleston, and have requested him
10 present those views; and / feel conhdent
that you will find your wishes, II not sntici-
pated, at least, essentially promoted by the
arrangements already inside BY the Govern
msnt. Il will he in your power to forward
those plans and to add to the 6oaneisl credit
Of the Government, and ! feel assured that you
will use every effort to advance this great OBJ
iect. Permit me to add nv assurance that you
may rely with equal confidence upon the gov
eminent for a hearty cooperation in every
plan which you may advise for securing the
public and private interests Of our people.
Very respectfully, your ohedisnt ssrv't.
C. G. MEMsIReEE,
Score airy Of the Treasury.
Mr.. Ravsnsl announced that each Of the
banks Of Charleston had passed the following
resolution;
Rssolrsd, That Ibis bsnk will credit the sec
rotary OF the Treasury with the sum Of one
hundred Thousand dollars, at the rate OF six
per cent per AMMAN. secured by large treasury
notes Ia be redeemed bv small treasury notes,
and to be convertible into eight per cent. bonds
OF the Confederate states, at the option OF the
holders.
Mr.. Trenholm, from tae business committee,
reported the following resolutions, which were
read, and separately u~nsRinously adopted.
Resolrs2, That this convention do RECON-
mend % an tbs banks In he Southern Confed-
eracY to receive in payment OF al dues tothem
the treasury notes OF the sams en- deposit, and
pay hem out again to cusi0mers.
That until the said treasury notes can be
prepared and issued, it be Tec3mmsnded that
sl the banks DO agree to advance to the Gov
eminent, in current notes, such sums sevsrallY
as msJ be agreed upon between them and the
Secretary Of The Treasury-the SKID advance
TO be made on the deposit Of the banks IF trpa-
sury notes Of large denomination, on eight per
cent. stock or bonds.
That all the banks in the Soathern Confede-
rscy are earnestly urged to take Immediate
action on the foregoing resolutions, as a meas
ure Of the greatest impoTtaneet 10 the govern
nent and the people, and couimnnicats the
same, without delay, 10 the Secretary Of the
Treasury, at Richn ond.
That It be recommended 10 al toe railroad
companies in the Southern Confedpraey, to re-
neive The treasury notes in payment Of fares
md frsights.
That the legislatures Of the several States do
make IL lawful for their tax collectors, and
officers 70 receive the treasury notes in
OF all taxes and all other public Sues.
That all the sta es, cities, and corporations
having coupons payable in the city OF New
York; or elsewhere, in the sneny's country,
De r. qussted, during the coutinasncs Of the war,
% appoint some place Of payment in the Con.
'ed-ra's States, and to give their creditors no
ice OF the
Mr.. Roberts offered the following:
hesolrsd. That a copy Of the proceedings Of
tts rUrTenfun be sent TO each bank uifhfp
ne Confederate sta'es, with a request b tbev
with this
ADOPTED unanimously.
Mr.. Ravtnel stated that the banks Of
'hsrlsEton, Savannah and Augusta, had
lreadY adopted the recommendations Of the
econd resolution.