Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-11-07
FINANCIAL.
The Currency reserves Creeping Up.

NEW YORK, Nov. 5.-The associated
banks hold about S21, 100000 legal tenders.
The total amount of foreign gold received
at the Assay office from Oct. 9th to date IS
f1,S51.S25.
AT meeting of the Chamber of Com
merce to-day paper on late financial crisis
and the present stringency and want OF
confidence in financial circles, was present
ed by A. A. Law. In it he recommended
that in the present situation and what may
follow, the chamber would respectfully ask
Congress when it next convenes, if need
be, to cause the purchase of U. S, bonds to
be stopped, and the application of gold re-
serve to the redemption of Treasury notes,
reserving the power of reissue.
The south Side Railroad.
The South Side Railroad of Long Island,
was taken possession Of to-day by trustees,
removing Rev. Mr.. Shippard from his posi-
ton as manager. The road has debt OF
three million dollars.
Three-Quarters Time.
Boston, Nov. 6.-The agents of Lowell
Mills have decided to begin running on
three-quarter time next Monday.
Expansion of S73, 2s2 Since Yesterday.
WASHINGTON, Nov. 5.-The outstanding
legal tenders are $360,97S,671.
The River of Gold.
LONDON, Nov. g., 6 p. M.-Sixteen
thousand pounds were withdrawn from the
Bank Of England to-day for shipment to
New York.
The Spragues i'm Sfafu QUO.
PROVIDENCE, r. l., Nov. Ga large
meeting of the creditors of the A. & W.
Sprauge Manufacturing Company was held
this forenoon. Thurston, attorney for the
| Spragues, read communication from the
| debtors, expressing the belief that if an ex-
| tension of time is given them they can pay
all the obligations and retain the print
works, and perhaps other manufacturing
property, and pledging their utmost efforts
| to that end. He added that the whole OBJ
| iect of the Spragues was that the property
| should be devoted to the payment of theil
| debts, and that the trustees to be appointed
should be friendly to the house only so fan
as that after the debts are paid the property
shall not be dissipated. 1t was important
| that the appointment Of this committee
should be such that it would be impossible
| to say anything was intended except that
which was good for all. A committee was
then appointed to confer with the Spragues
in regard to the trust mortgage and the ap-
pointment of trustees.
The committee held a conference with
members of Sprague firms, and agreed up
on Rufus Waterman, Amos d. Lockwood
and Geo. Nightingale as trustees, and re-
ported action to an adjourned meeting OF
creditors by whom they were approved, and
the committee continued, with power to
| fill vacancies in their own body or trus-
teeships, and approve the deed Of trust pro-
| posed.
The Pennsylvania Road.
PHILADELPHIA, Nov. 6.-The Board OF
Directors of the Pennsylvania railroad will
meet tomorrow and decide the question Of
declaring a dividend. The matter has not
previously been considered, nOtwithstand-
ing rumors.
Still Suspending.
Ten mills in Manyunk have suspended
entirely. They usually employ LOO
hands. A mill employing five hundred
hands is running on half time and others
on three quarters time. Gen. PattersOn's
mill employing five hundred hands is run.
ming full time but at a reduction Of 10 pei
cent in wages. The mills are all running
on full time and will continue so until nav
| igatiOn closes.