Click image to open full size in new tab
Article Text
Dr. Tutt's Hair Dye is easily applied. FINANCIAL. Gold in New York on Wednesday, Jan. 29, closed at 113%/114. Tennessee bonds -old issue 811/4; new issue 811/2. We give the following, as Clarksville prices at this date: Eastern Exchange 1/4 discount. Gold 10c premium. Silver 5c premium. Tennessee bonds (old) 78c. Tennessee bon is (new) 78c. Montgomery county bonds, 75c. Clarksville bonds, 75e. Montgomery county warrants, 90c. Montgomery county Jury tickets, 80c. We record this week, the suspension of business by the Traders' Bank in Nashville. In September of last year, the People's Bank, in the same city, suspended. We, of course, regret to hear of any person or company being unfortunate in business; and regret that the gentlemen conducting these houses have failed. But these failures are very significant, and, strange to say, indicate general prosperity among the people. For neither the People's nor Trader's Bank carried on a strictly banking business; but were engaged in what is known as "shaving," and speculating in local securities. In short, they may be said to have thriven upon the people'snecessities. Their business was to SHAVE, and they did it. The war left a kind of financial carrion which these broker buzzards fed upon until it was consumed.With the return of something like general prosperity, the people found themselves less at the mercy of these vultures. SHAVING ceased to be profitable in Tennessee as soon as the people recovered from the robberies of invading armies, Brownlow and the carpet-baggers. We are therefore, disposed to look upon the suspension of these "shaving shops" as another clear case of partial evil being universal good.They were not banking houses exactly, they were hardly banking houses at all We heartily wish that the people of our State may never again become a field of operations for SHAVERS, at least, to the extent that it has been, since the war and until recently. The failures in this business afford great encouragement to all who rejoice in the welfare of the people. A legitimate banking business is not only a necessity, it is a real blessing to a community. But the wretched SHAVING SHOPS which, for a few years after the war, flourished in the South, must ever be regarded as so many e'ndences of the unfortunate condition of the people.
