Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-02-22


4 prevailing impression exists in Wash
ingtOn that the Committee of Ways and
Means will shortly introduce a bill to in
crease the currency to the extent of fifty
Millions and that the measure will find
favor with majority in the House Of Rep
resentatiyes, If the increase proposed
could be made available to the Southern
States we have not much doubt but that
the measure would prove advantageous,
but we fear that but very small portion
of. the additional volume would reach
those portions of the country where any
increase would be beneficial.
Gen. Butler introduced in the Honse OF
Representatives on the 18th inst, bill
(Which was referred to the Committee on
Banking) TO amend the several acts estab-
fishing the National Banks. 1t provides
that every stakeholder may vote according
to the number of shares he holds, in the
following proportion For one share, one
vote; and for every two additional shares
one vote more; but no stakeholder shall
have more than twenty votes. Absent
stockholders may vote by proxy, bat no
salaried officer of the bank shall vote as
proxy. No officer shall, rs proxy, cast
more than ten votes, and no person shall
as proxy, cast more than fifty votes. Each
bsdk shall, at least once in every six months
prepare list of its stockholders with the
amount of stock held by each, and shall
provide book in which all proxies fled
under the following section shall be forth
with entered, with the date of execution
acknowledgement aud filing Of the same
and the names of the stoekholders and
proxy or attorney named therein and such
list books and proxies fled shall at all
times be open to the inspection Of every
stakeholder. A bank failing to comply
with the provisions Of this section shall fol
each offense forfeit sum not exceeding
five hundred dollars.
The New York Independent of the 18th
inst. says of drygoods;
Increasing activity ia ali kinds Of do.
nestle goods has been the Characteristic o.
the past week, and this activity must neces
saTily continue to increase for some weeks
longer as the season advances. Ali parties
manufacturer, agents, jobbers and re.
tailers, to say nothing of consumers-seem
to have arrived al the logical eonolusion
that, az the raw material has long since
touched "hard-pan," cotton fabrics have
also got past that condition. Prices are
now steadily tending upward, and stocks
must very rapidly diminish, az purchaser
come in from the West and jobbers I'll then
orders. One very encouraging symptom o.
a healthy revival of trade is found in the
circumstance that the large iobbing-housea
nov prefer 10 make their purchases at fixed
rates, instead Of making an average at tbs
end OF the month, as vas 80 commonly
| done last year. This indicates rising
market, and Is undoubtedly better for both
seller and purchaser The transactions O
che week ia unblesched goods have beet
on large scale, aad prices OF shesting
have advanced full one cent yard. IL
blesehed shirtings and sheetngs there hiss
been great activity, and prices have gen
crafty improved The market Is we'll sap
piled, but by no means overlooked aud
there is more eageness 70 purchase among
the jobbers than is manifested among tbs
commission houses aud agents 10 cell
Drills are 10 better demand, and prices q
both heavy and light weights hsys adj
vancsd Cotton Aannels are without anJ
marked change Cotton jeans are more
active at former prices, bat not in qnicl
demand. Stripes and Iicks self more free
~ and have advanced a trifle in prices
Denims and cottonades are in improved
request, especially for the light weights
I Tbere has beeaa an active business in gray
| printing cloths, and the best standard quail
ties have advanced 70 81 cents. ForprinIi
the demand Is remarkably good, and tina