R E P 0 R T
Ktt : snmttma&auulte aftMragtaf AX^
' !
..OF THE
T
71. rn
TO THE
GENERAL ASSEMBLY,
OCTOBER 10, 1853.
' NASHVILLE:
W. F. BANG &. CO., BOOK AND JOB PRINTERS.
1853. •
&li
REPORT
OF THE
BANK OF TENNESSEE,
TO THE
GENERAL ASSEMBLY,
OCTOBER 10, 1853.
NASHVILLE:
W. F. BANG fc CO., BOOK AND JOB PRINTERS.
1853.
EEPOET
of t*?e
Bank ot Tennessee, v
October 8th, 18o3. i
To the General Assembly of the State, of Tennessee:
It is made the duty of the President and Directors of the
Principal Bank and Branches to furnish to the General Assem¬
bly, at every regular session, statements showing the amount
of Capital Stock, the debts due the institution, the amount of
monies deposited therein, the notes in circulation, the cash on
hand, and the amount of property, real and personal, belonging
to the Bank.
In compliance therewith, the following statement is respect¬
fully submitted :
4
STATE OF THE BANK OF TENNESSEE AND
assets.
Discounted Notes—Being the total amount of notes
under discount at Principal Bank and
Branches,and believed to be good and avail¬
able,
Domestic Bills—Amount of Bills of Exchange un¬
der discount at Principal Bank and Branch¬
es, also regarded as good and available. .
Biles and Notes in Suit—This item embraces all
Notes and Bills of Exchange suspended, or
in suit at Principal Bank and Branches, and
includes all such as are bad or doubtful
from the commencement of the Bank, July
1st, 1838,
Protested Biuls—The amount under protest at
Principal Bank and Branches
State Bonds Discounted—Amount purchased and
held by the Bank and Branches
Common School Land Bonds—These are bonds or
notes taken at the sales of Co-mmon School
Lands, under Act of 1844, chapter 104, and
placed in Bank, for benefit of School Dis¬
tricts, in which the lands are situated ; as
they become due and are paid, the amount
passes to credit of School Land Districts,
and interest is paid on same to the Dis¬
tricts
Expense Account—The expenses of th® Bank atad
Branches, and includes all fees paid to col¬
lectors
Reau Estate—Whole amount of Real Estate, in¬
cluding Banking Plouses owned by the
Bank and Branches
Suspense Account
Protest Account
Due from Banes—Amount due from other Banks,
(East and South,) all good and available....
Branch Balances
12,108,208 68
1,053,503 16
720,569 21
95,965 74
46,890 00;
99,826 26
21,044 04
221,866 77
5,204 14
1,018 87
899,457 26
103,495 27
BRANCHES ON THE 1st JULY, 1853.
liabilities.
Capital Stock—Nominal $2,759,001 00, Real $2,-
389,652 54, so reduced by payment of ap¬
propriations to Rivers, Interest on State
Bonds, losses on Real Estate, and by bad
debts prior to the passage of the Act, 9th
February, 1850
Common School Land Districts—The amount re¬
ceived by the Bank on Notes or Bonds
taken at the sales of Common School Lands,
Act of 1844, chapter 104
Internal Improvement Fund—Being one half of the
quota of this State from distribution of pro¬
ceeds of Public Lands, under Act of Congress,
appropriated by our Legislature, (Act 1842,
chapter 180,) half to this Fund and half to
Common School Fund
Commissioners of Common School Fund
Sinking or Contingent Fund—Is made by the inter¬
est and dividends received on School Funds
paid in Bank, and of the Planters and Union
Banks. The original Contingent Fund was
exhausted in paying appropriations and in¬
terest on State Bonds, and the amount of
that fund now is as above stated
Internal Improvement Dividend—Amount of Divi¬
dends paid into the Bank, prior to the Act of
1844, chapter 209
Profit and Loss—Reserved to cover losses, all oth¬
er profits having been paid into the Treasu¬
ry as required by law -
Treasurer of Tennessee—The amount on deposit,
July 1, 1853
Treasurer of Institution for the Blend
Trustee of MoMinn County
Certificates of State Revenue
Exchange AccoUNT—Includes discounts of bills and
premiums on all Exchange sold for the last
six months
Discounts Received—Discounts on all notes, for
same time.
Interest Account—Includes interest on debts over
due, also int st on State Bonds held by
the Bank
5,759,001 00
339,330 97
11,703 32
36 213 55
10,669 29
5,256 00
28,314 68
89,261 82
2,100 00
1,808 41
645 93
53,518 14
62,998 86
14,988 05
STATE OF THE BANK OP TENNESSEE AND
assets—Continued.
"ash on Hand, viz :
Notes of this Bank and Branch¬
es... $260,180 00
" of other Tennessee
" Banks 157,877 00
Gold and Silver .. 1„009,13L 47
D,427,188 47
'•$6,804,237 87"
7
BRANCHES, ON THE 1st JULY, 1553.
liabilities—Continued.
Damages—Damages on bills protested and returned
for non-payment
Due to Tennessee Banks — -
Circulation—This item may be reduced to $2,351,-
221, by deducting packages, notes unfit for
use, which are sealed and charged to the
Branches, and not yet returned to them, and
which cannot, for that reason, appear in
their statements —
Certificates of Deposit
Individual Depositors—Amount deposited by indi¬
viduals in the Bank and Branches
2,679,094 09
10,549 09
($6,804,237 87
8
The foregoing is a general statement of the Bank and Branches,
and shows the condition-of the Institution on the first day of July
last, the end of the bank year. Appended hereto, you will find
separate statements, numbered one, two, three, four, five, six, se¬
ven, eight and nine, showing the condition of the Principal Bank
and each of the Branches on the same day. The statement
marked No. 10, (which is also appended,) will show the amount of
Exchange furnished by the Bank and Branches for the last two
years, viz: from first of July, 1851, to first of July 1853.
In conformity to the Act passed on the 9th of February, 1850, to
amend the charter of the Bank, and for other purposes, the
amount of profits for the last two years, has been paid into the
State Treasury, with which the Treasurer is chargeable in the set¬
tlement of his accounts, viz:
From 1st July, 1851, to 1st July, 1852, - - $199,629 98
From 1st July, 1852, to 1st July, 1853, - - 248,010 82
Total amount of profits for the two years, - 447,640 80
Reserved to meet former losses, - - - 52,822 26
Amount chargable to the Treasurer, - - $394,818 54
As required by the Act of the last session, of the day of
February, 1852, the Branch at Athchs has been re-established,
and it affords me pleasure to say that it has been prudently and
safely managed by the present Board of Directors. The location
is, beyond question, a good one, and I respectfully recommend its
continuance; but owing to its former heavy losses, and a conse¬
quent reduction of its capital, large profits cannot be expected.
With the same prudent management, however, it will soon be
made useful to the public, and its profits greatly increased.
Accompanying this report, you will please find the petition of
Capitol Hill Fire Company, No. 4, of this city, addressed to the
President and Directors of the Bank, asking for an appropriation
to aid them in building an Engine House, near the Capitol. The
Board of Directors have no power to make the appropriation
asked for, and therefore beg leave to bring the subject to the notice
of the General Assembly, and to recommend the several Fire
Companies of the city, to your most favorable consideration. As
the Bank pays no part of the Corporation Taxes, it would seem to
be but reasonable that it should bear a fair proportion of the ex¬
penses of keeping up the Fire Companies.
Any further information that may be desired by your honorable
body, or any of its members, in relation to the Bank, its manage¬
ment or condition, will be most cheerfully given.
All of which, is respectfully submitted,
WM. LEDBETTER, Pres't.
10
(No. 2.)
STATE OF THE BANK OF TENNESSEE,
Discounted Notes
Domestic Bills
Bills and Notes in suit,
Protested Bills,
State Bonds discounted^
Suspended Debt,
Branch Bank Note Account, -
Expense Account",
Real Estate, -
Due from Banks,
Suspense Account,
Cash on hand, viz:
Notes payable at Nashville, -
" " Branches, -
" of State and City Banks,
Gold and Silver,
$380,960 59
I 324,596 74
177,091 84
| 87,565 53
I 34,390 00
! 17,469 14
804,540 00
86*549 00
58,638 00
150,648 36
1,022,073 84
4,279,067 00
53,399 66
540,725 73
6,547 02
1,100,375 36
7,002,188 61
11
(No. 1.)
NASHVILLE, JULY 1ST, 1853.
Or.
Capital Stock,
Bank Note Account, -
Treasurer of Tennessee,
" Institution for the Blind,
State Revenue Certificates, -
Internal Improvement Fund, -
Commissioners of Com. School Fund, -
Sinking or Contingent Fund, -
Exchange Account, -
Discounts received, -
Interest Account, -
Damages, - - -
Internal Improvement Dividend,
Profit and Loss-, - -
Due to Banks, -
Circulation -
Certificates of Deposite,
Individual Depositors.,
$165,360
$1,000,631 83
. 5,248,967 00
$87^,465 59
2,100 00
145 93
89,731- 52
11,703 32
36,213 55
47,916 87
10,669 29
22,803 03
10,839 73
3,476 37
575> 01
5,256 00
42,174 75
95,794 li8
200,947 74
2,503 1.7
315,696 30
318;199 47
7,002,188 61
JAS. MORTON, Cashier..
12
(No, 2.)
STATE OF THE BRANCH OF THE BANK OF
Dr.
Discounted Notes, - -
Domestic Bills, -
Bills and Notes in suit,
Due from the Treasurer of Tennessee,
Real Estate, - -
Profit and Loss, -
Expense Account, -
Nett Profits for six months to 30th June,
credited Bank of Tennessee,
Protest Account, -
Due from Banks, viz :
Bank of Tennessee,
" " Branch at Athens,
Merchants' Bank in New York,
Bank of Commerce "
" Hamburg, South Carolina, -
Office Farmers' B'k of Ya,, at Lynchb'g
" " " " Wytheville
" Exchange " " Abingdon,
Bank of the Valley, " Winchester
Cash on hand, viz :
The Notes of the Bank of Tennessee,
" other Banks,
Gold, -
Silver, - - -
$384,231 00
100,000 52
133,122 92
565 63
2,193 30
15,204 771
17,963 70j
16,088 08
2,022 80
61,031 04
50,000 00
3,445 30
1,768 27
1,007 30
133 69
5,518 04
439,789 60
49,862 56
121,490 38
63,964 77
617,354 44
759 11
27,542 99
194 59
141,014 52
489,652 16
185,455 15
1,461,972 96
13
(No. 2.)
TENNESSEE AT ROGERSVILLE, JULY 1ST, 1853.
Cr.
Certificates of Deposite,
Individual Depositors,
Capital Stock,
Bank Note Account, -
Discount Account,
13,833
19
Interest " -
1,818
14
Exchange "
1,433
81
Damage " -
878
56
17,963
70
Due to Banks, viz:
»
Commercial Bank of Columbia, S. C.,
14
00
Branch Bank of Tennessee, Trenton, -
14,576
00
235,818 72
1,168,400 00
14,590 00
8,045 83
35,U8 41
1,461,972 96
JAS. SEVIER, Cashier.
14
(No. 3.) .
ESTATE OF THE BRANCH OF THE BANK OF
Db.
Notes Discounted, viz :
On Personal Security,
Domestic Bills, viz * ■
Southern and Northern,
Common School Bonds,
Bills and Notes in Suit,
Suspense Account, - ' -
Real Estate, viz
Banking House, - -
Other Property, - - -
Profit and Loss, - - -
Interest Account,
Expense Account, -
Due from Banks, viz:
Merchants' Bank of New York,
Mechanics' Bank of Augusta, Georgia,
Bank of Charleston, South Carolina,
Bank of Tennessee, -
Bank Notes on Hand, viz :
Notes of the Bank of Tennessee, per
list,
Other Bank Notes, -
Specie—Gold and Silver,
$79,077 .03
69,760 89
59,300 24
12,828 32
27,423 39
13,923 23
3,642 94
1,646 37
7,699 58
47,587 68;
34,497 88
28,771 16
28,846 001
31,799 00
106,256 67
208,138 16
130,355 35
907 93
40,251 71
19,212 54
118,556 30
166,901 67
684,323 66
*5;
(No. 3.)
TENNESSEE; AT ATHENS, ON THE 30th JUNE, 1853 .
CR.
Capital Stock, - - - -I
Bank Note Account, -
Common School Land Districts, • i
Discounts Received, *
Exchange Account, -
Damages,
Public Officers, viz :
Treasurer of Tennessee,
Trustee of McMinn County, -
Due to Banks, viz :
Branch at Rogersville,
Branch of Union Bank at Chattanooga,
Individual Depositors, -
1,492 39
2,678 62
15 00
2,535 34
1,808 41
2,097 80
200 75
229,791 81
261,688 00
.177,583 77
4,186 01
4,348, 75
2,298 55
4,431 77
I 684,323 60
THO. J. CAMPBELL, Cashier.
16
(N©. 4.)
STATE OF THE BRANCH OF THE BANK OF
Discounted Notes,
Domestic Bills,
Bills and Notes in Suit,
Suspended Debt,.
Bonds for School, Lands
Real Estate,
Expense Account,
Due from Banks, viz :
Bank of Tennessee,
Branch at Sommerville,
Cash, viz:
Notes of the Bank of Tenn.,
Notes of other Banks, viz:
Eastern Exchange,
Gold and Silver,
$253,767 22
20,690 30
38,309 05
2,156 78
4,511 95
12,095 52
1,749 32
146,676 00
43,244 00
6,086 00
118,815 12
319^435 39
13,844 84
68,784 27
2,466 06
314,821 12
719,351 59
17
(No. 4.)
TENNESSEE AT SPARTA, 30TII JUNE, 1853.
Capital Stock, viz:
Surplus Revenue, -
School Fund,
" Ocoee,
" Districts,
TJ. S. Public Lands,
Bank Note Account
Discounts Received,
Interest Account, -
Exchange " -
Damages, -
Due to Banks, viz:
Bank of Mobile,
Individual Depositors,
197,335 68
7,171 50
6,596 43
11,693 53
823 07
7,413 26
2,506 89
13 03
870 34
Ck.
223,620 21
471,700 00
10,803 52
7 75
13,220 11
719,351 59
JOHN WARREN, Cashier.
18
(No. 5.)
STATE OF THE BRANCH OF THE BANK OF
Db.
Discounted Notes, -
Domestic Bills,
Suspended Debt, -
Common School Land Bonds,
State Bonds,
Banking House and Lot, -
Expense Account,
Protest "
Due from Banks, viz :
Bank of Tennessee,
Merchants' Bank of New York,
Agency at Mobile,
N. Orleans Canal and Banking Co., j
I
Cash, viz:
Notes Payable at Shelbyville,
*' Bank of Tenn. and Branches,
" other Banks, viz :
Union, Planters', and other Tennes¬
see Banks, -
Gold and Silver, -
34,093 95
10,271 31
1,127 29
1,362 62
354,818 00
13,147 00
1,257 00
248,652 19
152,388 50
20,591 11
36,014 07
8,000 00
9,181 51
1,446 21
243 25
46,855 17
369.222 00
109,185 71
1,001,779 72
19
(No. 5.)
TENNESSEE AT SHELBY VILLE, 30TH JUNE, 1853.
Ce.
State Bonds,
School Fund,
" Ocoee,
Sale of U. S. Public Lands,
Surplus Revenue, -
Bank Note Account,
Common School Land Districts,
State Revenue,
Discounts Received,
Interest Account, -
Exchange "
Damages, -
Profit and Loss Account, -
Individual Depositors,
80,000 00
15,451 43
47,571 50
823 07
68,111 50
7,235 43
3,275 74
9,571 41
1,683 74
732 79
211,957 50
591,830 00
150,053 67
500 00
22,499 11
24,939 44
1,001,779 72
T. B. CANNON, Cashier.
20
(No. 6.)
STATE OF THE BRANCH OF THE BANK OF
P*.
Discounted Notes,
Domestic Bills,
Protested "
Notes and Bills in Suit,- -
Real Estate—Banking House,
Other Property,
Expenses, - - -
Bank of North America, -
" Tennessee,
Cash—Circulation on hand,
Other Notes, - r-
Specie, -
121,01,1 18
18,847 28
8,400 21
38,030 58
24,733 86
3,087 52
1,644 96
178 72
6,950 00
13,995 00
26,964 85
266,299 42
21
(No. 6.)
TENNESSEE AT COLUMBIA, 30TH JUNE, 1853.
Ck.
Capital Stock,
Bank Note Account,
Exchange,
Discounts Received,
Interest,
Individual Depositors,
Circulation out,
1,013 61
3,548 26
2,292 15
181,416 51
58,100 00
6,854 02
19,928 96
51,150 00 266,299
F. G. ROCHK Cashier.
22
(No. 7.)
STATE OF THE BRANCH OF THE BANK OF
Dr.
Discounted Notes,
Domestic Bills,
Exchange running to maturity,
Suspended Debt,
Profit and Loss, -
Real Estate, / -
Expense Account,
Due from Banks, viz:
Metropolitan Bank, New York,
LaFayette Bank, Cincinnati, Ohio,
Bank of North America, Phila., -
Bank of America, New York,
Canal and Banking Company, N. 0
Cash, viz :
Notes of the Bank of Tennessee and
Branches, - -
Notes of other Banks, viz :
Clarksville Notes,
Planters' and Union,
Gold and Silver, -
71,709 66
194,190 47
9,000 00
65,844 17
340,744 30
104 00
14,926 24
1,434 07
22,790 39
10,353 62
3,053 29
276 25
25,416 38
61,889 93
49,559 00
120,290 00
3,500 00
67,236 49
240.585 49
■
659'684 03
23
(No. 7.)
TENNESSEE, AT CLARKSVILLE, 30th JUNE, 1853.
Cr.
Capital Stock, viz:
Per State Bonds,
Per School Fund,
Per School Ocoee,
Per Surplus Revenue,
Per United States Public Lands,
Bank Note Account,
Discounts Received,
Interest Account,
Exchange Account,
Damages,
Due to Banks, viz :
Bank of Tennessee, Nashville,
Joseph W. Allen, Agent,
*
individual Depositors,
80,000 00
15,451 43
47,571 50
71,524 26
823 07
2,986 77
1,209 64
8,206 41
43 25
9,679 45
16,853 87
215,370 26
325,929 00
12,446 07
26,533 32
79,405 38
659,684 03
D. N. KENNEDY, Cashier.
24
(No. 8.)
STATE OF THE BRANCH BANK OF
Da.
Notes Discounted,
Domestic Bills,
Bills and Notes in Suit,
Real Estate,
Expense Account,
Due from Banks,
Protest Account,
W. B. Chrisp, Agent,
W. B. Partee, former Agent,
Bank Notes on hand, viz:
Bank of Tennessee, per list,
Other Banknotes,
Specie—Silver,
Gold, -
300,822 81
126,004 46
51,404 32
21,390 99
845 79
286,922 00
8,165 00
24,536 23
20,Q00 00
478,231 59
23,924 57
i,985 78
95,360 47
260 03
22,236 78
339,623 23
$61,622 45
(No. 8.)
TENNESSEE, AT TRENTON, 30th JUNE, 1853 ,
Cr.
Capital Stock, -
Rank Note Accounts,
Discounts Received,
Interest Account,
Exchange Account,
Damages, -
Due to Banks
Merchants Insurance and Trust Co.
Individual Depositors,
8,417 54
2,384 50
4,621 15
701 48
242,103 55
637,800 00
16,184 67
34,433 19
139 00
30,962 04
i 961,622 45
J. A. TALIAFERRO, Cashier
26
(No. 9.)
STATE OF THE BRANCH OF THE BANK OF
Dr.
Notes Discounted,
Domestic Bills,
Mississippi State Bonds,
Bills and Notes in Suit,
Appropriation to Improve Rivers,
Real Estate, viz:
Banking House,
Other Property,
Expense Account,
Protest Account,
Due from Banks, viz :
Merchants'Bank, New York,
Bank of Louisiana,
Philadelphia Bank,
Bank of Tennessee,
Br. Bank of Tenn., at Trenton,
at Athens,
at Clarksville,
Br. Union Bank at Jackson,
Bank Notes on hand, viz:
Bank of Tennessee, per list,
Other Bank Notes, Br. Notes,
Planters' and Union,
Mixed Notes and Checks,
Specie—Silver,
Gold, -
267,977 00
38,024 00
10,158 50
8,476 43
2,221 92
321 00
978 78
33,653 41
273 18
92,562 26
36 89
174 35
156 58
429 84
440,874 00
10,809 00
3,680 00
2,201 50
6,235 82
193,795 41
306,001 00
4,500 00
46,193 95
24,223 86
18,634 93
2,542 92
128,265 29
457,564 50
200,031 23
1,187,957 68
27
(No. 9.)
TENNESSEE, AT SOMMERVfLLE, 1st JULY, 1853.
Ca.
»
Capital Stock, viz—Bonds,
School Fund,
United States Public Lands,
Ocoee Lands,
Surplus Revenue,
Bank Note Accounts,
Discounts Received*
Interest Account, -
Exchange Account,
Damages,
Due to Banks, viz:
Br. Bank of Tennessee at Sparta,
Br. Planters' Bank at Memphis,
Br. Union Bank at Memphis,
Suspense Account,
Individual Depositors,
80,000 00
16,354 00
924 09
48,542 91
108,387 00
7,172 29
1,667 56
3,177 07
964 81
2,466 06
4,343 96
1,980 59
254,208 00
781,800 00
12,981 73
8,790 61
2,250 81
127,926 58
1,187,957 68
J AS. PETTIT, Cashier.
TABLE,
Showing the Amount of Exchange furnished by the Principal Bank and Branches, from Is/ July, 1851, to Is/ July, 1853.
New York.
Philadelphia.
Baltimore.
Mobile and New
Orleans.
Missouri, Ken¬
tucky, Virginia,
and Ohio.
Georgia & South
Carolina.
Total.
Nashville, -
Rogers ville,-
Athens,
Sparta,
Shelbyville, -
Columbia, -
Clarksville, -
Trenton,
Somerville, -
2,629,844 89
326,400 00
121,357 37
77,217 27
330,483 30
444,730 04
522,417 81
10,000 00
2,835 10
67,647 93
64,673 56
505,730 50
158,907 03
1,765 84
15,413 00
1,358 54
2,773 03
308,462 97
717 50
51,204 90
28,048 92
20,538 34
110,431 74
91,600 00
1,500 00
11,422 06
87,001 28
1,429 88
18,807 00
69,000 00
118,029 00
1,000 00
3,748,871 44
497,000 00
241,152 21
91,847 77
386,881 84
79,069 99
627,226 83
527,698 72
3,930,032 87
138,620 79
1,173,304 90
2,042 64
180,217 44
408,972 63
37,274 76
303,384 96
206,836 00
6,202,748 80
177,938 19
4,068,653 66
1,175,347 54
180,217 44
446,247 39
303,384 96
206,836 00
6,380,686 99
PETITION
of
CAPITOL HILL FIRE COMPANY.
To the President and Directors of the Bank of Tennessee:
Gentlemen—The undersigned, Committee on behalf of Capitol
Hill Fire Company, No. 4, of the City of Nashville, respectfully
request you to make a donation of funds to said Company for the
purpose of aiding in the erection of an Engine House.
We desire to erect a building which will probably cost $5,000.
The Corporation of Nashville has, very generously, purchased us
a lot of ground, fronting the West side of the State Capitol, and,
also, a new and substantial engine. As the bui4ding will front the
Capitol, it is desirable to make it a neat and genteel house—one
which shall at once be an ornament to the city and the eligible lo¬
cation on which it is to be erected.
We think your institution, whose property will be protected from
the ravages of fire as well as other buildings, should make a lib¬
eral donation, for the reason that your Bank pays no city taxes,
(an expense which all the other city Banks have to meet,) while
you enjoy alike with them the advantages of our excellent Fire
Department. And then, too, for the credit of the State, we wish
a building in keeping with the location. The other Banks have
liberally made us donations, and we hope you will do the same.
Very respectfully yours.
A. NELSON,
T. N. HUNDLEY,
Committee.
September 1, 1853