Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-02-27

AhOh'''9 = MARI Opthtu at 1902 Va
: 1885 at ll;SO; l3S. at 1890, and closed :
: 1891 at p. NJ. Deale:s here paid lS7 an
: held at l39. Silver is generally bought q
eight cents less than gold
There is not much done here in govern
ment securities, though some persons inves
rather than have their money idle in tn
banks. The following were the quotation
in New York yesterday:
52s coupons ll03ld III
5-2s, 2d series. lOIt5lGlOS
5-ais, 81 SERIES coupons. lO8I2q loss
| DDS, new issue ACKNOWLEDGEMENTS lO62sd ll62
-4us--.-.....-.... IUl "a luz
f-tglS.........- HOS ltb
}Os "a and lO55S@l05A
| Tennessee s........,........... g
London adyices Of the Goth inst. quote
United States 52Os at 1899.
There is not much doing among our bro
kers in uncurrent money, though there ha.
been much excitement and speculation in
Bank of Tennessee notes. Since the argu.
ment Of the case before the Supreme Court
the notes have declined rapidly and large
sales have been made. Yesterday after the
decision was rendered reversing the decis-
ion Of the court below, brokers would offer
but 25c, and were holding at 33c. We sup
! pose the rate will be unsettled for few
days. bat We presume the price will range
from 20 to 3jc. 1t is said the case will be
carried up to the Supreme Court of the
| United States, and in the meantime persons
owing the bank will have good oppor-
tunity of buying in the nolea aud paying
their debts at low rate.
There are very few Union and Planters
Bank notes in market The Union Bank
notes have advanced to zoe, while the
Planters Bank notes are bought at Soc.
We hear Of no change in other Tennessee
banks or of Southern money
We seldom hear of any sale of bank or
railroad stock Louisville and Nashville
railroad stock, on which the dividends
have been paid is worth 85c. The scrip
and tax receipts are worth zoe. Nashville
and Chattanooga railroad stock is worth
about 30c The stock of our other rail-
roads is unsaleable.
South Nashville Street railroad stock is
quoted at 5O@55c. Suspension Bridge
stock, when sold, commands 90(a95c
National Bank currency to the amount
of $l99, 4O5 was issued by the Comptroller
Of the Currency during last week.
The Senate Finance Committee are OPP
posed to the funding bill, as amended in
the House, and will do their best to kill it.
Leading Senators cay that to redeem the
componnd-interest notes in a new issue of
greenbacks, would be to open the way for
redeeming the seyen-thirties in the same
way, and that this would lead to a ruinous
imitation
The bill introduced in the Senate by Mr..
Sherman on the 25lh inst, authorizes the
Secretary of the Treasury to issue bonds of
not more than six per cent, payable in
coin, the proceeds Of which shall be applied
exclusively to the payment or purchase of
existing Indebtedness. These bonds are to
be subject to an annual tax of one per cent.
on the amount in lien of all other taxation,
the amount received for tax to be paid into
the sinking fund for the redemption of the
debt The Chief Justice and Secretary of
the Treasury shall be commissioners Of the
sinking fund, and prescribe rules for the
management and disposition of the funds
The issue of S5O0.OOOOOO in bonds at five
per cent. interest, the principal and interest
payable in Europe, is authorized. The bill
viii not be called up this session.
The first annual meeting of the National |
Board of Fire Insurance was in session in
New York 4 few days since and the fact
was disclosed that the losses of the fire
have been enormous within the |
past few years, and especially within the |
past year. The extraordinary fact is stated |
by Mr.. Boxer, of Boston, that during the |
past year, Of the eighty-three companies
in Massachusetts, the losses were
100000 above the entire receipts Of |
those companies. Yet their capital is but |
S4,85000O. This statement seems incredi-
bic, for it shows the capital stock Of the |
to have been more than ex-
hausted in one years operations. We feel |
almost inclined TO believe there must be
some mistake in these figures. But
if they are correct, we do not Won
der that the insurance companies
are thrown into a fright, and find it
to combine their forces to
devise a plan of saving themselves from
inevitable bankruptcy into which another
years experience like the last would seem
to be sure to plunge them. 1t is not sur
prising to find the Executive Committee
declaring that the insurance interest is
now passing through a perilOus crisis"
We think, if these confessions are true Of
all the companies or anything near true,
that not only theinterests of theinsurers are
in "perilous crisis" but the interests of
The insured are in a "perilous crisis, also.
The question We often see posted, are
you insured?" becomes dopbIy interesting
in view of the facts here disclosed. It's
not only a question Of are you insured, but
are you insured in an office out of which
he bottom has fallen2
The following will show the stocks Of
cotton on hand at the various ports on the
lst OF September, 1866 the receipts and
exports to foreiguports since that date, and
hestocks on hand at the dates designated