Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-12-06

butiudicioa sly enforced sever. financial trouble
are in store for rs" "a s.- .. e.. 4
Mr.. McCulloch ende4yors to show that
the national banking system was not in
tended to destroy the State Banks, yet the
notes Of these banks have been virtually
taxed out Of circulation, and in a subse-
quent paragraph he speaks Of the National
Banks "having taken the place Of the State
Banks, and furnishing as they DO circula-
ton as free from objection as any that is
likely to be provided, the Secretary is of
the opinion that the National Banks should
be sustained and that the paper circulation
Of the country should be reduced, not by
compelling them to retire their notes, but
by the withdrawal Of the United States
notes"
We find this paragraph in Mr.. McCul-
loch's report:
The Secretary cordially approves. what is said
by the Acting Comptroller Of the Currency in
his report, in regard TO the Importance Of fur
nishing the people Uf the South with the bank
note circulation which their business may re-
quire and agrees with him in the opinion which
he expresses of the beneficial results, political,
financial and social, 10 be effected by the organi-
cation of National Banks in the Southern States
nut no can not recommend an increase of the
bank note circulation of the country beyond
three hundred millions Of dollars, and hopes that
the necessities Of those States may be supplied
rathey by a reduction Of the amount awarded to
other States than b. an increase the volume of
currency.
The New York Times of the Sd inst. says:
The trade Of the past week was partially
broken by the holiday of Thursday. The import
entries were light, and so were the customs
duties. There was q fair business IN exports. The
receipts of cotton fell OF ten thousand bales from
the previous heavy week. The shipments direct
to Europe from the Southern ports are gradually
on the increase, but the receipts are accumulat-
ing and the stock in all the ports is large. Trade
amgng the importers and domestic commission
Inen continues dull. A partial check to the
downward course of prices Tor domestic cotton
and wooden goods is reported.
The import entries for the past week. nclud-
ing the dry goods return in our last paper,
amount 70 S2,927.6S0 against the total entries Of
S5,li3629 same week last year. The export clear
aaces of domestic produce amount to S3,466,6ll,
against $3.50, 90 same week last year. The ex-
port of specie amounts to S636,5Il, against Sy0,I4
same week last year. The customs for the week
are 81 &20,956. The receipts OF cotton, coastWlse
and by railroad, are l5,S36 bales. The number
Of emigrant passengers arrived during the week,
SOY.
The gold values Of the import entries OF foreign
merchandise at Jew ! Ork since Jan. l, 1866, the
beginning of the current calendar year, are
OfiiciallytO Nov. y and officially lslnce) re-
ported as fOllOWs-the entries Of foreign specie
being omitted:
Total to date since Jan AZ, 305
Against same time last year........ l9l, 4o9, 43J
Increase 70 date s76 gs5, $3.50
The currency value of the exports of domestic
produce AID miscellaneous goods from New
York, including foreign articles re-eNported,
since Jan. /. 1866, are as follows: -
Total to date since Jan l...,........S 40o0,5ZZ
Against same time l55 800
Increase since Jan. .....:.....:..: 2le, llS.II2
The Cincinnati Commercial has the fol-
lowing paragraph in its market report of
the 81 instant:
Hogs have about a5 Iifeless a market as at
any time during the season. There have been
which was M: de-, l.y b - very attempt of the
kind, so far. has Jctl .it,li4r" and packers have
seeI7ed to be strangely Indifferent about enter
ing upon business with any zeal. We quote the
range last Monday at - 900 % Tor gross
weights with break in the market day. On
Tuesday they were down to s. SOFAS 90, and - OO
for net weights. On Wednesday they were OF
soc more. On Friday, Thursday having been
holiday, they were advanced early in the day by
sellers to So 90 for gross weights, and 81 % tor
net but they could not be sold in the afternoon
within 25c Of these figures, To any extent. So OO
and 81 o. gross and net, were the asking tgureS
again on Saturday but were not realized To-day
an advance on these last rates was attempted,
with some show of success early IN the day. so
that l0@l5c better prices we're had, but the mar
kot receded in the afternoon and now 50 5Ogo 70
gross, aud IS 75@a7 90 net is the practical range
ofthe market.