Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-03-16

philadelphia .----- Iee prem
Ssi6aore --,.-.--~igs psem
nsw Orleans ,ss prem
In New York on the 18th, at the first board, the
following sales of Tennessee per cent Bonds were
made $4,000 at 754c, $4,000 at 75sc $4,000 at 753c
and $4,000 at 75c, and at the second board, the fol-
loving sales were made $4,000 at 75c, $4,000 at
! 75!c. and 81 600 at 754c
In Philadelphia on the 18th, SO shares Union Bank
of Tennessee Stock sold at e9c.
The Business Pressure M she Nsrth.
The prostration Of business at the North is much
greater than is generally supposed among us. In
one of his speeches in Ohlo while on his way to
Washington Mr.. LINCOLN declared that the crisis
was artificial and that nobody had been hurt BY his
election but if he has not discovered the contrary
to be the truth. he has been very careless obser
yer. The Republican papers, while endesvoring to
show that great financial distress prevailed at the
South, have generally ignored the business staens
ton that prevailed to so great an extent in their
midst and hence the deceptive opinion that has pre-
vailed that the North has not been so great suffer
er as the South frem the election Of a sectional
President. But the truth will cut 1t was but the
other day that we published in our news columns
an extract from letter from an extensive manu-
facturer Of Providence Rhode Island TO gentleman
of New York. in which he stated that the condition
of things in Providence is awfu;r that there were
mo sales of goods or anything else and that .if
relief does not come, their mills must be stopped;
labor must be unemployed, and business men must
succumb." The Barnstable (Mass.) Patriot of a re-
cent date says their shipping is lying unemployed;
their fish lying unsod and rating at starvation pr-
ces, and mariners idle or working without proper
remuneration The Philadelphia Press of the sth
has the following significant paragraph:
The complete prostration of many business inter-
ess still continues. Nothing is more fatal to enter
prise than state of suspense and with the dread Of
an impending civil war hanging over the country.
the people await with intense anxiety the issue OF
events and hesitate TO embark in new and inpor- |
tant pursuits before the clouds that darken the !
horizon are dispelled. The channels of |
trade have been SO much impeded that great fnan-
cal distress exists among nearly all active business
men. Our Banks have accumulated an usually /
large amount OF Specie in their vaults. In all the |
intrinsic elements of solid wealth our condition il a
desirable one. But still, fearful stagnation pre-
Valls and until the momentous problem Of peace or
war within the confines of country is solved.
and the future distinctly foreshadowed great difi-
'uites and emoarrassments will be felt in all the de-
partnents of trade.
Another feature of the effects of the crisis is thus
presented by the New York Neos in its issue of the
It'll:
The list of arrivals at the hotels indicate an iuur
# country merchants and revival of the soring |
rade The evening papers of yesterday contained |
NO columns of arrivals, but on looking carefully
'Yer the list to ascertain how many were from
'lales IN tne Southern Confederacy, we found but
we-one from Texas and one frousGsorgia: not one
rom Louisiana, Mississippi, Alabama, Florida, or
outh carolina. 1t is not difficult therefore to infer
hat merchants whose trade has been heretofore
principally with the South. are not oVerrun with
ustomers; nor surprising that those houses should
e reported as preparing 70 their establish
nents to the Southern Confederacy, and import di-
ect from abroad, The mercantile classes Of New
ork are now beginning to feel the practical results
I the RAID that Black Republicanism has been run
ing against the rights and institutions of the South
in the election of Abraham Lincoln TO
ne presidency. The unprecedented spectacle Is
presented, that at this of the year when our
lotels should be filed with dealers from that sec
ion OF theicountrynot single one Is here from five
southern States, and only two from all Georgia and
Texas! In other words, the largest and best half Of
he Southern trade, from which our merchants have
made fortunes upon fortunes, which has built our
marble palaces, filled our mammoth hotels given
ne and activity to our shipping, has suddenly col
apsed, extinguished, smashed. So much for the
egro.
In addition to this, it is said there are in the city
f New Yorka hundred thousand persons out of EN-.
harity.
These are certainly gloomy pictures, and we know
no reason why the pressure of the times should
ear more severely upon Providence, and Barn
table, and Philadelphia, and New York than upon
ny other portion of the North, and we do not
elieve it does. We believe them to be fair repre-
entatives of the general stAgnaion that prevails
throughout the North.
New York Stock Market.
The New York EUening Post of the 1T h says:
The list of State Stock has shown a reaction of
al per cent from the extreme advance of yester-
ay. The principal transactions in Mssouris were
t 67, the price of last evening. Tennessees were |
rm at 1905, with liberal purchases on buyers |
ption at 75C1754. Indiana Elves, which sold few |
avs ago at 81, are held at 81, with SO bid. The
legislature of Indiana has passed law requiring
lie Free Banks of that State hereafter organized,
file Indiana State Stocks only the basis of is
Ies, and the Banks already formed to substitute,
ithin given time, Indiana State Stocks for other
tate Stocks now held BY them US basis for paper