Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-12-01

Of the afternoonof the 10Th uit., says: q Z.
1T is urged that there was no necessity for
calling IN such large amount of deposits sud
denly, there being no probability OF any special
demand upon the Treasury (; that If there had
been any probability. or even possibility, ofsuch
a special demand the Secretary should not have
reduced his supply Of legal tenders, by destroy
| ing them, last month: that the call in large
! amount Of currency from the banks, and to sell
/ gold at a time when feeling Of mistrust was
/ growing up in commercial circles, when money
| was likely to be wanted for moving the crops Of
| the West and the South, and when the banks
were losing legal tenders. and the rate Of inter-
| est was rapidly adFaneing-that TO select such a
| time for withdrawing suddenly into the Treasury
about SIS 100000 Of currency was to invite panic
in its worst form. The crisis Of last week is
traced entirely to this action; and we are inform
/ ed that memorial is being circ1lated for sigma
4 lures, praying for the removal oflthe Secretary
/ from office, on the ground of Encouragement;
while on the other side, the Secretary's support
| ers are procuring signatures TO a counter memo
| mai, praying for his retention IN ONCE"
The Cincinnati Gazette of the 18th alt.
says; There is no foreshadoWing, at pre-
sent, Of an easy market, and comparative
stringency may be expected to continue
until after the 1st of January, when the
business of packing hogs shall have closed
The New York Journal of Commerce
has received the British trade returns, show
ing the exports of textile fabrics for the
first nine months of 1866, and has selected
the principal items shipped to this country
for the purpose of instituting comparison
that cannot fail to interest mercantile rea-
ders. Annexed is a summary of the ex-
ports of British cotton and woslen fabrics
to the United States during the FIRST nine
months of each of the last three years:
Cotton goods. yds SO s0S. iO1 S66,666 90 $50
WSolsa5 yds S995Sa 81 3 29 S rs tsl 81
Carpets yds......... so. 594 l,l7S6s3 3,6l228s
Shawls. No............. 1898 1892 l2i.SS5
These figures show very heavy increase
over the exports of last year. There ap-
pears to be no question but that the North
ern people ands those of Europe believe
there viii be large cotton crop in
the Southern States. This, more than the
decreased price of gold, has produced the
low figure at which the staple is selling.
Northern correspondents are endeavoring
to create the idea that our crop win be over
half that in 1860. To show the fallacy of
such impressions, the Columbus ga Sun,
of the 9th of November, takes that section
as an example. That paper says:
In 1860, Columbus received nearly 124, 900 bales
| of cotton. From September list. up to a TING
corresponding with the present. $3.50 bales had
| been received. For the same period this year,
only l6,4l7. Unjust be remembered that farmers
are now deeply in debt, for supplies and to freed
men. These debts were incur. ed on the faith of
cotton. Hence, as rapidly as bale is completed
| it is hurried to market. The most sanguine now
| than thirty or forty thousand bales. On many
Urge plantations contemplating is through with.
This IS unprecedented. Ordinarily, this work is
not completed until the middle of January and
later. Everybody who planted has made a little
cotton. Not more than one-third Of the labor.
however. has been employed as in 1850 and not
that amount of land cultivated. Besides, sea-
sons have been unusually bad, and the recent
heavy frosts have destroyed all expectations of
late cotton. In this section. the seasons have
been as good. if not better, as any other in the
South. If here only a third of the crop of 1860
has been made, 1t is not reasonable to suppose
larger made elsewhere, or that the entire crop of
the South will be over 900 bales. If CORES
pCndents generally would tell the truth and fairly
represent conditions, cotton would Immediately
advance to high figure, Our advice to farmers
is to store cotton, that immediate advantages
may be taken OF the market.
The Augusta Chronicle and Sentinel of
the 9th ult. reports that majority of the
cotton coming to that market is storm and
frosted cotton" being the last pickings.
The New Orleans Picayune says: a gen.
tIeman, whom one of our oldest and most
conscientious and stable firms pronounce
"a gentleman of the highest probity and
character" writes thus from Natchez: 81
am fully satisfied that the present crop will
not exceed 100000 bales, and this is the
opinion of all parties in this neighborhood.
1 had every reason, in the month of May
last, to suppose that l would make 1900
bales. had between l, 400 and ], 500 acres
planted of the best bottom land in Louisi-
ana, only four hundred acres of which was
injured by the water. and yet shall not
make over one hundred and City bales"
The Cleveland TENN Banner of the
10Th ult says the price ofpork will open in
that market at about Sc. Small sales for
immediate use have been made at Ole.
The Cincinnati Gazette says in its after
noon report of Nov. %: lfo4
Hogs declined about SOC, and still there was
not much more disposition on the part of packers
to take hold, but prices are getting down into
the vicinity of what has been considered safe,
and if we have good weather next week, we may
expect to see the packing season fairly opened.
The hogs from Ohio are beginning to arrive, but
we hear of none from Indiana yet. Prices close
to-day at s. 00g5 40 gross. and Sc 1905 IS net
A number of hogs on the way to this market
were bought at So 90 gress for shipment to New
York. and there are some buyers in this city now
for the same destination" f.r
The following article from the st. Louis
Democrat Of the 2Sth nit. will be interest
ing to both consumers and dealers in bread
stuffs:
Those who deny the correctness of the Agri-
cultural Bureau report, with respect to the
yield of the late wheat harvest, owe it to the
public whose opinion they desire to correct, and
W hose quiet ReQuiescence in high prices they are
disposed to secure, to present some figures of
their own Of more reliable and authentic char
aeter. The bureau is one Of the departments of
the government, and as such it possesses very
ample facilities for the eeitation Of facts. II Is
not pretended that its eXpositiOns or data are
exactly correct, but it will be admitted that its
crop statements heretofore made have proved