Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-01-15
COMMERCIAL.
Monetary and Financial.

MONDAY EvErE0. Jan. IA, 1861.
There vy little doing financial circles to day. Msters
moving sicng quietly Indeed there seems to be sort Of
lulu in the pressure which has been apparent sO several days.
resulting agnation trade and the fact that
chants ordering light supplies the spring trade Had
merchants ordered heavily there would undoubtedly have
been much greater pressure the demand for Money They
looking forward, and properly think, to light Spring
trade. The peopl. viii economist until the pressure
away course With the stocks hand merchants will
require but light addors to the demand from III.
We have heard good deal OF inquiry in I'D to the January
report Of the Banks in this So ar Bank Of Tennes
see Planters Bank Union Bank. Merchants Bank, City
Bank Bank Of Middle Tennessee Northern Bz Commercial
Bank and only that have complied with
We understand that the Commissioner Of Banks has
consulted the Attorney Geae in regsrdo the mz;ter and that
gentleman has given opinion that all the Banks the State
are required to make monthly reports Under this opinion
Supervisor OF Banks will proceed to enforce
By bringing against the recusant Banks The first
secen of Code provides that eUery Bank which
may hereafter be Incorporated under the authority Of
this State subject the liabilities and governed hy the
provisions contained in this act Yet only five oe
Banks in the stehe Of Tenresea, Plantsrs Bank
Bank Bank Of Middle Tennessee and the shelbyve Bank
recognize authority ofe Supervisor of Banks make the
examinations contemplated in the Nor aay, except
those referred made the monthly reports required by the tenth
section Of the Bank Code, which is as follows:
ssThat each monthly statements,
oath President and Cashier to the Comptroller Of the State,
Of tire condition This statement shall show under sPsate
Banks Of the State and the
amount Of its bills notes and assets Isha also show the entire
extent its liabilities including its amount Of circulation etc
which report when made and VERIFIED shall be published accord
ing to Law"
Some Of report twice year and quarterly
while madenc report ct ALL under the impression
understand that they not required to de when in
voluntary liquidation We understand the opinion
Attorney General Bank, doing business, whether
liquidation not subj all the provisions of the
oode regard examinations by the Supervisor Of Banks
monthly statements to the Comptroller, Gcs
Exchange continues abundant while the demand has fallen of
very considerably The old Banks continue freely
their cent premium while all the other Banks
and Bankers selling to-day at per cent
There change day in uneurrent Money The Brokers
buy Southern Money quotations they no
ey get While they satisfied to the solvncy all
the old Banks the Estes South Carolina, Georgia and Ala
baDa they difficulty converting description Of
currency into Exchange
York the 9th the first board $4,000
per the board $4,000 at M
On the loh the first board, 5000 sold 74c, and the
second bOar $1,000 75c, lIth at the hrst
board, $4,000 sold at 75c.
The New York Evening Post OF the ilth says;
noticeable Of the the strength othe gov
bonds and State stocks In almost every instance high
interest," those Of 1868 99lcO The are
held o. and the fyes Of 1874 at a. Fer the latter
The paper market again easier Good four and six months
bills find buyer.et s9lo per cent and guilt edge" 79s FER
cent On callthere is fair inquiry at 6G7 per
Exchange London higher Leading bills in demand at
IO5H. Francs are quoted eyes s7k
The OF issue Of 1--WE millions Treasury
notes caused decline ofabout per the price
the u per Sales to day at lG2 The opinion
that the issue will at about 99o per cent interest
export Of specie from New York foreign ports for the
week ending the 5th instant, amount to s15,799
following tie leading items in the reports
in the 1--WE cities where weekly statements published: