Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-05-15
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TENNESSEE BANKS.
Bank ofChattanoogal0 Merchants Bank 80
Memphis par Ocoee I'LL
81 Middle Tenn9 Planters .--g1
Ten, old is'se-S Southern --.9O
w. Tenn,..--0 S~helbyv1te ssD
CITY Blk Nashville--5 Traders " 30
7 Commercial Bank par Union -...97
SOUTH CAROLINA BANKS.
Bank ~ofCamden-... 80 Exchange Bank~---l2
" Charleston Ii Merchants Ceraw.-.l2
" Chester .--.l2 Peoples Bank.---.-40
" Hamburg.--is ELECTROMAGNETIC
" Newbury .....S South W. r. R...-....-25
" s. Carolina. 7 Stcte Bank-.-.....-.. Z
State OF o. 3 Union ---...--~~.-63
Commercial Bank ~
GEORGIA BANKS.
Augusta I. & B. Co.. 5 State Of CALI
Bank of Augusta--...S Centr1 R Blk Co.'s
Athens.---s4l city Ok OF Augusta
AZ CoIumbus.- , F1m'rs & M'chfcs... 8
f" Commerce. 80. g Ga. r. r. & Blk Co.'S
" Fulton-.--.S5 Marine Bsnk-....-...9 50
" E'p'rs State-lS Mreh'ts & PITTS Blk )
. Middle Ga...@ Planters Bank-..-..12
as ~-38 Union Bank...-.-..- 4
BANKS.
Bank o. Mobile. ... ...95 Eastern Bank-.-42
" Montgcmery40 Central see. 6
81 Selma...-lS Northern 80
Commercial Bank s Southern ..-@
LOUISIANA BANKS.
BIZ Of America prem 40 La. State Bank.--...--1
" Louisiana -....-55 M'ch'csG Trd 3 Bk-46
e N. O~rieans....0 Merchants Bank-..9O
Canal Bank.-5 So1tnerh ECU prem
GG Citizens c : Rank Union ~"
crescent Clbg ReAA-Vl
We take the following from the Epen-
ing Ledger Of yesterday:
SExPLANAToRY.-rhe undersigned,
president of the Germsnia banking Gem.
nany, noticed an articlein this mornings
| APPEAL, referring to his institution,
which he denOunces to be q malicious
lie, The necessary arrangements for the
bank not having been completed north,
and for the purpose Of so doing, the sub
scriber left the city. Upon the receipt
of a dispatch from here to come back, he
returned Sunday morning, and finding
the office attached, replevied and opened
the same for business yesterday. The
draft referred to was an individual affair
entirely, as no draft as yet had been
drawn by the bank. Said draft having
been drawn at one day sight, was pro
tested for non-aeeeptance, and subse-
q~uently protested again for nOn-pay-
ment, without demanding payment, as
is customary. The bank is open for
business. NJ. ROsENsTOCK."
In reply to the above card of Mr..
RoseBstock, we have merely to say that
the local papers of this city, some time
previous to the first of this month, an
nouneed that the above bank would open
on that day, which it did do with sOme
eefdt and flourish of trumpets. If, there
fore, Mr.. ROsenstoek had not perfected
his arrangements north previous
to the opening, it proves him
a very bad finaneier. He adj
mits the truth of the rumor which
said his office fixtures were seized for
debt, but he denies that the draft referred
TO was drawn by the bank. We have
seen the original draft with protest an
nexed. 1t is numbered one, drawn on
Joseph Levy, of i4S Walnut street,
Cincinnati, for the SUM of $1,000,
and signed "M. Rosenstack, President"
The affidavit of the notary states that
the draft was presented for payment,
which was refused. If ROsenstOck gave
this draft as president" then his card
proves him a very reckless liar. If he
used his nan as president of the bank
to lend weight to his individual sigma
ture, then we think, for the benefit Of the
stockholders and depositors of this insti-
tuition, it is well that @ks his first trans
action while occupying that responsible
position, should remove the veil and
save them from becoming the dupes Of a
knave or an ignOramus. We, In our
issue of yesterday, merely gave as a ru-
NOR that which we now reiterate as a
fact. We persist that the bank was
! closed as stated. We visited it on Mon
day during business hours and found it
locked. In conversation this morn
ing, ROsenstock admitted this fact
to us, but gave as an excuse that he
closed to go apd see the laying
down of the Nicholson pavement.
1t is a duty which we owe toAHT readers
to expose any institution WIN we be-
lieve has no stability, and our columns
shall never, while we control them, adj
yocate or defend an unworthy object.
Our citizens are not u~nacquainted with
the career of Mr.. ROsenstOck, both in
this city and Mobile, and it should not
be wondered at that such -inanceering as
we have set forth above should cause
comment, and that rumOr degriEaen-
tai to the interests of any institution
with which this man is connected should
receive a very large share of credit.
The debt of the state Of Massachusetts
is reported at SIS, 900, 600, and the aggre-
gate Indebtedness of the towns and cOun-
ties S27, coo, 600 more. The legislature is
now debating the propriety of passing a
law whereby SIS, 600, 900 shall be raised
to equalize the bounties paid during the
wal to Massachusetts soldiers, making,
if passed, the entire indebtedness of the
state $7d, 900, O0G. A correct exhibit of
the liabilities Of the different state,
county and municipal corporations
would be perfectly appalling. The fed
eral debt, as large rs it Is, is q mere bag
stelle in comparison.