Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-12-23

per cent,
i Sterling exchange was quoted in Me-
= York yesterday al 1S91c9 ll0s.
: Exchange on New York is taken at az
q discount and is sold at ! to par.
!, There is very little. doing in uacurren
: money, and We hear Of no change in rate.
Bank Of Tennessee is firm at soc Buying
Dealers generally are holding at 54c955t
Planters Bank isfirm al SIC buying and $50
Z selling. Union Bank is bought at SOC an,
is held at SIC. .ZL8l aLIfgzt
Southern bank notes continue very loy
and rates have not improved.
2 Tennessee bonds sold in New York OF
10th inst, as foIlowss sseoO ex-coupons a
at 69Ic, $4,000 at zoe, AID 1000 at 69Ec
The Washington Chronicle of the 2Otl
says Of the financial condition: Ra..
/" It is great mistake to suppose that the re
cent vote Of the House against instructing thG
| Committee on Ways and Means on the subject o.
retiring the greeabacks can be construed into
support Of the policy Of the Secretary Of the
Treasury in favor Of payingoa the national deb
ip twenty-five years, which would c0mpel the
maintenance Of existing excessive rates Of in.
| ternal taKatien. The fact that the South needs
both credit and currency. and that the great in
teresG Of the NOrthW demand the opening Of
the Southern mRrkefss and the continuance 81
teason9Dle prices Tor pEodnee-these. and the
general distrust and alarm created by the threat
to resume specie payments in 1868. are all so
| many reasons against policy which is not de-
nanded either by the welfare Of the govern
ment or by the condition Of the people. The re-
tusal Of the banks to lend their money to Gus
toners operates with the greatest hardship upon
industry and labor. They invest their means in
the Interest in gold, and thus discourage BY re-
tusIng TO assist honest enterprise. They prefer
the interestof their stockholders to that of the
| outside public for whose Convenience they we're
organized. A little. legislation would correct
| evil"
There are at present outstanding says the
Pittsbarg COnmereidl, no less than nine diff
ferent issues Of government securities, 50
varied in name, rate Of interest, and the
time which they mature, that even the
largest dealers are puzzled at times to
state them intelligently. II is certainly a
great Inconvenience as wen as embarrass-
ment that the national Indebtedness should
exist in SO manyshapes, but they were crea-
ted under the law Of necessity. and must be
borne unless Congress should adopt the pro-
| jet for consolidating the debt, which, at
the last session was agitated to considers-
bic extent. 1t is needlessnewto repeatthe
great and numerous advantage resulting
from having the debt in oneshape and pay
ing uniform rate Of interest 1t may be
remarked that the government win ex-
change free of cost any coupon bonds for
registered of the same issue. The CONVEX
sion of sever hirties into fve-twenties pro-
| crosses SO rapidly that before long time
it Is reasonable TO suppose the forper will
vanish out Of sight The following are the
different issues of securities:
| Skies of gf dated in 1851. and payable in fwen-
| ty years from January LIST and July lst of that
| year, henee their name. They are due A. d.
1851. Interest On them per cent, In gold paya
BILE Jan. LIST and July LIST.
Old 5-2Os, called old because they we're the
hrst Of the popular bonds issued. and designated
/ sos from the time they have to run. They bear
date May lst 1862. Reaeemable after May lst,
| 1867 payable May LIST, 1882. Interest at 8 per
cent in gold, payable May and November lst.
The coupon bonds of this issue command a high
W.
yet the only kind that are available for sale ia
the English and German markets. asa az ~
Five-tWenties Of 1864, issued November list,
1864 Reasonable after Nov. lst 1862 payable
Nov. LIST, 1854 Interest per cent. in gald paya-
Five-.wentilI of 1865, Nov. issae. These bonds
bear date New. LIST, 1865, redeemable after Nov.
LIST, 1870. payable Nov. LIST. 1875; Interest per
cent. in gold. payable May and NOy. LIST.
Fite-tKenties of 1865, July issue. These bonds
are issued IN exchange for 6-30s converted, and
ha0F lofa Iul ~ Igf rada oh oft ftrtv
LIST 1870, payable July LIST. 1885. Interst 6 per
cent, in gold, payable Jan. LIST and July lst.
Ten-forty bonds. bearing this name for the
number Of years for which they are issued be-
ing redeemable after ten years, and payable for
ty years from March, 1854. Interest at 5.
per cent. in gold, payable on the 500 and 1000
coupon bonds, and on all the registered March
LIST and Sep. list; and on the zoos and sos eOu-
p0ns, yearly on March LIST. .s g1f.st
First series $40 treasury notes, dated August
vertible, at the option of the holder, into $40
year bonds, having the same features as tbs old
5-20s, only beginning Aug. Is. 1861. The interest
on these treasury notes is at the rate Of $40
per cent. per annum, in currency, being one cent
aday on each 800 snd payable August 10th and
Second series T. 80 notes Same as the first, ex-s
cept that the COY ernment reserves the right to
pay the interest at any tine. at per cent. in.
gold, Instead Of Z-@ in currency; eonyertible
three years from their date, viz July Is, 1866,
into sos. Interest payable July 18th and Janu-
airy 18th.
All the gold. bearing bonds ere issued either
coupon or registered. ~ 81 Il ~
Ali the coupon bonds are issued in denomina-
tons Of $50 800, $500 and $1,000 registered the
same with s., 600 and $4,000
The $40 notes are issued in sums of 800, $500
Sl,O00 and $500. all with coupons attached.
The estimated yield of the Missouri to-
bacco crop for the present year has been
reported unoficially, BY dealers at from
10000 to $1,000 hhds, Mr.. RAIDER, in his
circular ofthe LIST instant gives it at ten
and half million pounds The total es-
innate ofthe entire country is 330,50l 500
pounds against 4S4, pos, 461 for 1860, for
which latter year. however, liz, 800 pounds
are included as the product Of California,
District of Columbia, DacOta, Nebraska,
New Mexico and Washington Territory,
from which sections no returns have been
received, or no crops raised for 1866. Mis-
souri,, in 1860, is credited with a yield of
q, OS6, 1876 pounds, and in 1868 with over
q, zoo, 000 which shows her present cropto
be far below sn averages The quality of
tile article this year in this State, as well
as generally throughout the country, is re-
ported fine, In Virginia, the yield, though
barely tWo.thirds in amount compared with
ordinary seasons il said to be the best ever
made as respects quality; and as the North
Carolina supply usually comes under the
Virginia inspection, the Two States wiz be
able to throw upon the market full
amount Of what is favorably known as ''Vir-
ginia tobacco The counties Of CasEell,
Rockingham and Person, in North Carroll
ma, produced ine crops this year, and proba-
bly,, as We learn from the Richmond papers
to IS great an extent as at any time previ-
ously; but in Warren, Granville and
Franklin c0antie4, which, before Che war,
were more prolific in this staple than allthe
rest Of the State, the crop is short in eonse-
qnence of a greater cultivation OF cotton.
The total estimate Of the State Is $1,000
coo pounds; that Of Virgins 100000.
Maryland is placed at $500. 900; Tennss
see at Ss,50o,0OO; Texas at 10000; Ken
tncky At 81 900, 600 /; Alabama at 10000
Arkansas at ], 700. O0D; Florida and Geor-.
gis each 100000; Louisiana at &C, 1900;
South Carolina at $1,000, and the Northern
States at 50, l50, 500 pounds-the latter pro
ducing the cigar aud SEED leaf sra 40
clsssed, With the exception Of Ohio, whose
product IA styled cigar leaf aud hogshead
tobacco, amounting to 10000 600 ponnds.