Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-11-30

1euneSSee DOIuS are HIm Dull quiet,
closing in New York at Y. Our dealers
| pay II and hold at 74675c.
| COmptroller's warrants are rather scarce
on the market, though they are in little less
demand. Dealers pay 80 and hold at o.
695c.
| Bank of Tennessee, old issue, is almost
entirely of the market, and when on mar
ket it brings about one cent more than State
warrants. The new issue is dull, but
holders will not sell at less than 35, while
brokers offer only 30c.
Our local securities are very quiet but
firm, and are generally held at full rates.
For quotations we refer to those given by
the Nashville Savings Company, corner
Union and College streets.
| AN EFFORT FOR AN INCREASE OF CUR
RENCY.
The Washington correspondent of the
Cincinnati Commercial writes There is
an almost unanimous agreement among the
Western and Southern Congressman to
make grand effort to secure an increase of
the currency. They have already begun to
estimate their strength, and to make pre-
partitions to secure the passage of bill in
creasinS the volume by at. least one hun
bred to one hundred and fifty millions of
dollars. They urge that the business of
the whole country, and especially the sec
ton which they represent, demands the in
crease; that all classes favor it save bank
ers and capitalists, who reap their richest
profits in times of greatest stringency.
Especially do the heavy manufacturers and
men doing large business insist upon the
increase. They are little out of temper
with Sherman, whom they denounce as a
capitalist and a stakeholder in several
National banks, and who is of course acting
in accordance with his own interest in op-
posing any increase. They quote Treas
urer Spinner, who is by no means an ex-
pansiOnist, as declaring that it is all folly
to talk of resumption of specie payments
with the present volume Of currency. They
are sangJIine that among the first measures
to pass the House will be a bill making the
increase, which they claim will go through
by large majority. In the Senate, how
ever, they admit that the scheme will meet
with determined opposition, encounter
ing, first, the Chairman of the Finance
Committee (SheTman), who has pronounced,
in advance, against any imitation, and they
fear that in that conservative body they
must be defeated. But they are working
while it is day, and are determined to leave
no stone unturned to secure the passage of
the bill.
There is a strong feeling on the part of
Western members that they can furnish
man who would run the Banking and Cur
rency Committee to better advantage than |
Hooper has done, and there will be strong |
pressure brought to shut that gentleman |
out. Upon whom the preference for the |
Craftsmanship will fall among the Western |
members is yet unsettled, but it is certain |
that strenuous efforts are being made to |
put free banking man, and if possible |
Western man in his place. Conjecture is,
of course, rife upon this subject, and as far |
as the gossip of the hotels and the resorts
can be reduced to tangible shape, the bulk |
of the chances stand between KassOn, of |
Iowa, and Freeman Clarke, of New York. |
1t is generally conceded that the Currency
Committee, in view of the financial situa-
ton of the country, will acquire new inn
portance during the coming session. If |
KassOn fails here, he will get a place on
the WAYS and Means Committee.