Citizens Bank (Nashville, TN)

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as The Montgomery Advertiser announces, on the authority of a telegraphic dispatch, that the Citizen's bank of Nashville, Tenn., has suspended.

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impel him now, that his statement is directly controverted, to show where the wrong lies and who are the wrong-doers. Being the responsible President of the Bank at the time of its failure, and being the party upon whose standing its credit then rested, this is a most reasonable demand to make of him, and without such an exposition his reputation, high as it has been, cannot pass unscathed through the ordeal of public scrutiny. Where a great wrong has been done, as in this case, and where the outside public can now nothing of the transactions, by which they have been robbed of their honest earnings, every public and private consideration will impel the guiltless to seek and obtain a thorough scrutiny. It will be seen from Mr. Walker's card that he and Mr. Jones have agreed to place the assets of the bank in the hands of a proper receiver, who will distribute the proceeds to the creditors without preference.

The reports that come to us of the amount of these assets are various, some alleging that they are considerable, and others that they amount to nothing. This can be determined alone by future developments.

The Bulletin comments upon the card of Mr. WALKER as follows:

Thus far, the issue made before the public by Capt. Turner's card, between the previous and late management of the Bank, is fully met. But the question in which the public is concerned, has not yet been touched; and it devolves upon Capt. Turner now to show forth reasonable grounds for the course he has taken. Nothing else but this can exonerate him from the censure of those whose confidence in his administration of the Bank, has been the cause of their losses. With his and Mr. Walker's private transactions, the noteholder, so far as the public are advised, have nothing to do. They confided in him; and he owes it to his own high character hitherto, to show why and how it has been that their confidence has been so wofully betrayed.

This is not only a special duty as regards the particular case of his late Presidency of the Citizens' Bank, but a general duty as a citizen in regard to the system of banking which has existed amongst us, and which, for ought we can now say, may still exist among us. Here is an institution which, for several years, has enjoyed the public confidence, under the direction of two gentlemen of high character. It has done a large business, and, until Monday last, has redeemed its obligations as other Banks of the State. Within the last six months it is alleged to have made profits to the amount of $15,000. And yet suddenly and unexpected, it is a wreck, its coffers exhausted, its notes to the amount of hundreds of thousands of dollars, at a ruinous discount, and unsaleable—the earnings of hard labor wasted to almost nothing in an hour. And this is a result of banking, under the favorable auspices of high personal character and undoubted credit! Unless there can be shown a substantial cause for such an unlooked-for catastrophe, plain and honest people will settle down in the conviction that all such banking is little better than obtaining money under false pretences, and not a whit more moral than the hazard of a game of cards. No elevation of personal character, no degree of social influence, can or ought to gloss over or excuse the injuries inflicted by it.

The Eagle and Enquirer contains the following report of a trial before J. WALDRON, Esq.:

"Berry vs. W. M. Folwell—Assumpsit.—This was an action brought on a three dollar note of the Citizens' Bank against the defendant, one of the Presidents of said banking concern. Judgment for the plaintiff. The learned Justice held that whoever put his signature to a note of this fraudulent institution was individually liable."

The same paper says it has been unable to learn the number of the officers of the Citizens' Bank, or their names, but the bills in circulation are signed by three Presidents, viz: D. B. TURNER, W. M. FOLWELL, and SAMUEL P. WALKER. The cashiers are W. A. JONES, J. CORREY, Jr., and JOHN SANNER. Here are six persons who must share the responsibility unless others are discovered.

The Shelbyville Constitutionalist says of the Branch of the Bank of Tennessee at that place:

The Branch Bank at this place never has suspended, in toto, specie payment, but has in every instance for all ordinary purposes paid the metal when demanded. The Bank will not pay specie when demanded by money-dealers, bankers or brokers, or where there rests the least suspicion. The Bank has always paid specie to our citizens when they intended it not for speculation. We think we would hazard nothing in saying that the Branch Bank of Tennessee at Shelbyville is the best bank in the State, well managed and conducted. The directors are efficient men, and they will not do anything to injure the public confidence. This Branch can redeem her circulation in gold; and she will not refuse to redeem her paper when the people of its district demand it. It is a specie paying bank for all ordinary purposes and not for speculating men.

Nashville Market, July 17.

COTTON—Transaction continue very limited from the fact that holders are keeping back their Cotton for better prices. The extremes of the market may be quoted at 7@10c.

TOBACCO—The transactions of the week sum up only a few hogsheads, mostly of the lower grades. Buyers pay liberal prices according to quality. The New Orleans True Delta of the 3d says:

We stated in our last review that operations had continued on a liberal scale, embracing fully 2400 hogsheads. The sales reported since, up to last evening, comprise 2000 hhds, mostly on private terms, but understood to be at easier rates. On comparing our quotations, however, with the views of both factors and buyers, we do not find it necessary to make any reduction in our figures. Today the business embraced 25 hhds in three lots on private terms, making a total for the week of about 2000 hhds. We repeat our quotations as follows:

Factory Lugs, 5 @ 5 1/2 | Fair, 7 1/2 @ 8 Planters' Lugs, 5 3/4 @ 6 1/2 | Fine, 8 1/2 @ 9 1/2 Inf. to Com. Leaf, 6 3/4 @ 7 1/2 | Selections, 10 @ 11 1/2 Choice Clarksville, 11 @ 13

PROVISIONS.—The Bacon market continues quiet, the receipts being light and the sales limited. Dealers are paying, from wagons, 6c. for Shoulders, 7, 7 1/2 @ 8c for Hams, the latter figure for a very choice article, and 8 1/4 @ 8 1/2 c for Clear Sides. From store an advance of 1/4 @ 1/2 c is demanded on these quotations.

The Augusta Constitutionalist of the 14th says:

The supply of joint meat is considerably reduced, and prices for good Shoulders have improved. We quote for Shoulders 7 1/2 @ 8c. Tennessee clear Sides are selling at 11c, and ribbed Sides 10 3/4; for Western clear Sides 10 1/2; and for rib and backbone Sides 10c. There are very few fine Tennessee Hams on the market, except canvassed Hams, which sell by the cask from 12 1/2 to 14 cents.

The supply of Lard is fair, and in bulk sells at 11 1/2, but in small packages for choice Lard 12 1/2 @ 13 cents is readily obtained.

GRAIN AND FLOUR.—The market for Wheat continues steady at 65 @ 70c for Red, and 70 @ 75c for White.

For Corn we hear of no demand, except for domestic consumption. Dealers are asking 35 @ 40c.

For Flour there is no export demand. We quote $4 00 @ 4 50 as the ruling prices for Extra Family.

The Cincinnati Price Current of the 14th says:

Dealers in Flour and Grain are kept in a state of suspense by the contradictory reports that continue to come to hand with reference to the Wheat and other crops. Holders of Flour regard the prospects for higher prices as by no means discouraging, and the other side are somewhat disposed to take the same view of the case, but still they are not willing to risk investments while figures in the seaboard and foreign markets are so much lower, relatively, than our present quotations.

The Augusta Chronicle and Sentinel of the 14th says:

Within the last few days there has been a considerable export demand for Flour, and the stock on hand has mostly been taken, the demand being principally for Tennessee Flour, which has consequently advanced about 25c per bbl. We quote Tennessee Extra Family $5 00 to 5 25; do Extra $4 50 to 4 75; do Superfine $4 25 to 4 50.

GROCERIES—The grocery market, with an ample supply to meet the demand, exhibits the usual dullness of the season, though our merchants are fully satisfied with the trade. We quote Sugar in hhds 6 1/2 @ 8 1/2 c, in barrels 8 @ 9c; Molasses, in bbls, 33 @ 35c, in half bbls 35 @ 38c; Sugar House, 37 @ 40c; Golden Syrup 80 @ 100c; Rio Coffee 12 1/4 @ 13 1/2 c.

BAGGING AND BALE ROPE—There is very little doing in these articles. We quote Kentucky and India at 20c, and Tennessee, wide, at 25c. Bale Rope is selling at 9 @ 11c.

The New Orleans True Delta of the 3d says:

The demand for India Bagging has been more active, the sales up to the last evening having comprised 2000 bales at 14 3/4 @ 15 1/4 c, mostly at 15c. To-day 300 bales sold at 15 1/4 c, 200 at about the same, and 50 bales in rolls, also at 15 1/4 c, which was refused for other lots held at 16c. Kentucky Bagging continues quiet, and retails at 12 @ 14c. The sales of Bale Rope include 1200 coils at 6 1/4 @ 6 1/2 c for machine.

BAGS—Seamless, per doz, $4 80, Machine sewed, per doz, $4; Gunny, 2 1/2 bush, 12 @ 14c each.

IRON AND CASTINGS—Tennessee bar, 5 1/2 c; Pittsburg bar, 3 1/2 c; Band, 7 @ 7 1/2 c; Hoop, 8 1/2 @ 9 1/2 c; Sheet, 8 @ 9 1/2; Common Castings, 4 1/2 @ 5c; Mill Cranks and Gudgeons, 5c; Wagon Boxes, 4 1/2 c, per lb; Pig $30 @ 35 per ton.

WHISKY—We quote Rectified at 20 @ 21c, and Country at 40 @ 60c per gallon.

LEATHER AND HIDES—The market is well supplied with Leather, which we quote as follows: Oak and hemlock tanned sole and harness 28 @ 30c, skirting 30 @ 35c, upper $27 @ 30 per dozen. Dry hides are worth 12 1/2 @ 15c, and green 4 @ 5c per lb.

CATTLE—Butchers are paying 5 @ 5 1/2 c neat, and 2 1/2 @ 3c gross for Beef Cattle, and $1 50 @ 2 50 for Sheep.

FEATHERS—Live Geese command 35 @ 38c when put up in good shipping order.

SUNDRIES—Ginseng 40 @ 45c; Beeswax 20 @ 22c; Salt $1 25 @ 1 50; Star Candles 18 @ 20c.

BANK NOTE AND EXCHANGE LIST.

Bank of Tennessee, - par | Lawrenceburg Bank, - 10cdis