Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-12-15

the Illh inst. siys: ...
The tore Of feeling in Wali street is cue %
/ suspehse aud incertitude. Every. one seems 10
regIrd the state of the currency With distFust.
1 Consequently general business /. depTe sea and
| cunhience purtuTbed.
| ''Thc currency deThnsement which is dreaded
directs the attention u tiie PUsg to three prin-
| cipal points: First. &c is feared that Congress
| May pass some mea ures for a more rapid con-
| traction than that 0i four millions a mouth au-
| th3FiEei last session in the law Of l2lh April
Faf this tear there IS probably udt the Highest
foundation.
Secondly. il $ anticipated thai Mr.. McCrl-
H.. h may absorb asid destroy the four millions
OF gleenbacSs this month and next in toe suldrn
| sud hasty manner and instead OF distributIr 4
the work over the entire month. may Dc il IN y
| few days. la c5u6gma,ion Of this view We are
| bsIutel Ia the statement that although seven
months from April 10 October. were appointed
toT clnreiinE fourteen millions OF greenharks
ihe whole was deue in the four last weeks
"a the period, when the fall bufiness was
brisk. and made ne attempt Ia do It during the
Eve or six previous weeks when the currency
co9ld better have been spared without injury To-
trade.
Thirdly there is 4 widespread apprehension
lest DIR. hcCullOch may sell gold and lock up
temporarily IN the Treasury a few million Of
sfeeRbackE- Those, however. who art supposed
~ know the purposes of the Secretary. deny that
this L one Of them.
. The Iuan market Is easy. bat little more
active, the rate being ., with exceptions al .. and
7 eUu-iderahle ae-tei,atc Of undisiurhed loans at
= Discounts are diHi a. Jas. As the number
q banks is ihcrfating whose reserve OF legal
tender falls below = ger, cent. there Il some
anxiety manifested. and this esperiaily as the
HNty millions ~ leKal-tenders held by oar city
banks consist Of twenty-five millions Of eem-
pound note aud snly thirty-fve millions OF
gresnhacks. Now, th5iatteT alone are employed
in a'tual business for payments over the eouu-
ter. Thils the compound notes-though nom-
iHaiiy legal tender currency, and reckaned rs
- ag
they have SO mach interest accrued upon them.
urncs the actual greenbaek reserve IS reduced
% ibirt' I've millions"
The latest and previous quotations Tor
American aecurities in London were as
nndrr:
Der. & Dee. 3. Dec. TO- Dec. "A
Eris -. .......i6i3 az Il a..
lHiu,i, Genital ~ ~ ~ ~
~ the steamer City Of Paris We are all
yi=r,tthai the managing committee Of the
Lopdon Stock Exchange have directed
regular official business to be done an
United States 800 Of 1864 and 1865. The
dia,rrnce sgainat these bonds and the old
520s s! 1852 has already fallen to IGH
pes cent English investment holders of
the ~ are excbsRging icr tl,e new
10 Is anHomceli thai twenty two banks
in Wi7coa IN are about to close up their
business. The Bank Comptroller's report
i,t December l.-lSG6. shows about $50 90
a, outstanding circulation. owned Jy abont
hiiy hanks. which will be- redeemed at par
on lfs~ntation Of the 4ame. Forty hanks
have exchanged their Stale stock. SIR
Gnitrd STATES stocks. The tapnty-tsa
bank above named will I.ay an average Of
; cents on the doliaron outstanding c;rrn-
colrnon. The highest Ps,i BY any onr l.
su semi on the dollar
The receipt Of gold it, Easlsnd from
she Anslral'an group OF eoloniss appear b.
6" ~ Hrueibly rryiyinF. having anoanleI
ia september 10 eGS6, TT, A. compared
wili c2;3S. Isl IN The corresponding month
Of 1915 aud E405,6 in September, 1864
la Tie hiHr months ending September 50
this year tie total yalne OF the gol.l Inn
ported from the Australias was g4Gs9 81.
ase5mPAx-i with c2,l5j.232 in the cor
= ~ - .eFia,l " 1884,. aud e2.42Iz22
nl the % -, Ses1sll nav
BE iuters - u rctaPiriiiaie thu p.44
of gold from Auslralia slRfesseli ht
years ending 1865: 1858. fesaC4, 7Gs; fSsz
es,62i 5c6; 1856, s6.sl90oa; 1861, &C.
go, % 1862 e6,7O4. rs; 1869, Is. ea5.-
s6s; 1854 E2658g7l 1856, e5,05l, I70
The discovery Of gold ia Al tralia excited
fear, ii Elii be remembered, IN 1851, 1852