Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-12-03
$4,000 Tennessee 6s, new
5000 do do .--....................-....6i55
6000 do ex. coupons. 6319
1000 do do .....-.................64
O0North Carolina Is, ex. coupOns.
There was no afternoon board.
The following were thesales onthe Goth :

Our mail advIceS from New York are to
the afternoon of the 29th ult There APP
peared to be good supply of money offer
ing, and borrowers found no difficulty in
obtaining temporary loans upon acceptable
collatsrals at 6@7 per cent, and discounts
at 7@10 per cent The flow of currency
is from the West and national bank notes
were accommodating in New York, the South
not taking so much as was expected.
The New York journal of Commerce of
the 29th nit. says
We learn that some apprehension has
been created by difference that has been
discovered in the printing on the face of
fveabills of some of the national banks. To
prevent further solicitation it may be we'll
to explain the extent of this discrepancy.
On the notes referred to the check letters
are ornamented with hourishes, and the
words "this note is secured, /" etc, extended
to the left Of the words National Curren-
cy." These peculisrities occur in the FIVE
dollar issues of the
First National Bank ofIndianapolis, Ind,
Fort Wayne, Ind,
Sandusky, o.,
Youngstown, o.,
Stanford, Conn,
and this variation is apparent in portion
of the issues of the First National Bank of
Chicago. We learn from the best authority
that the variation was accidental, and, as
far as known, is limited to the banks above
mentioned.
The telegraph brings us the following
synopsis of the forthcoming report of the
Secretary of the Treasury:
Mr.. McCulloch alIudes to his earlier re.
ports, going back to the time of his nomi-
nation. Also 10 the reports of Secretaries
| Chase and Fessenden. In support of his
views and policy of continuing the cons
traction at the rate of fonr millions per
month, az provided by law, be shows there
we're months when he could have con-
tracted the above amount but RETAINED
from doing so because he did not think il
necessary or expedient. He takes strong
ground against expansion, which, TO use
his own language, would be ruin, and lead
to reputation. The views of General
Butler, Mr.. Stevens, aud others, are COM
mented on, and the tendency and results
ont, are enlarged upon and contrasted. He
interprets the law in reference to the i've
twenties az binding the country to their
payment in coin, principal and interest,
and believes if the policy looking to their
redemption in currency shall he adopted,
the effect will be disastrous.
He states that he has sufficient gold in
the treasury TO meet the demand on the
government and keep the market in check.
He gives his reason for not selling more
gold, and by endeavOring TO bring resump-
ton in that way the spectators would to-
morrow buy up all the gold he could offer
and then easily control the market and
make the premium higher than it has ever
been. He believes that the 1Tibune's
policy of resumption would lead TO an i'm
mediate crash in business, which he hopes
to avoid He comments at length on the
Internal Revenue Commissioners report,
and gives his opinion that if the Internal
| Revenue Department and the Treasury
had sole control Of the system, the taxes
would be fully collected and an end put TO
frauds and corruption.
The following is az extract from the re-
port of the Comptroller Of the Currency
relative to the failures of national banks +:
Since the organization Of the first ma
tional bank, June 20, 1863, up to Oct. /,
1867, ten national banking associations
| have failed. Their aggregate capital was
| $3.50 900: their aggregate liabilities and
circulation, 81, 1877 800; deposits and other
Liabilities to the public, S3,3z2200; total
| "a, sec, 100. The. circulation will be paid
in full, SO that The public win suffer no
loss from that source and the bonds de-
posted as securities for the same would
to-day realize surplus Of some $3.50 OOO,
which will be applied to the payment Of
generel creditors.
The Committee on Banking and Carren-
cy has had an informal meeting, at which