AN ACCOUNT OF THE PRINCIPAL DIFFICULTIES AND EMBARRASSMENTS ENCOUNTERED BY THE PLANTERS' BANK OF TENNESSEE FROM 1860 TO THE PRESENT TIME.
Nashville, Tenn. Printed at 'Union and American' Book and Job Rooms, 1872. 37, [3 blanks] pp, stitched in original printed wrappers. Light wear and bit of spotting to wraps. Text Near Fine.
Weaver served as the Bank's Cashier from 1854 until 1861. In late 1860, the "political troubles began." After the election of Lincoln, Northern banks suspended the payment of specie; Planters' Bank followed suit. Panic ensued. "Here commenced the troubles of the Bank." Its "regular avenues of trade and commerce were now fatally obstructed." Under severe pressure, the Bank lent the State of Tennessee $250,000 for the defense of the State. To do otherwise would have brought about "certain ruin," as the State would have seized the Bank's assets. The sharp influx of Confederate notes then threatened disaster. Weaver chronicles the effects of the War upon the Bank's diminishing fortunes, and its heroic efforts to stay afloat despite insurmountable odds.
FIRST EDITION. Allen 7866. Item #25569
Price: $250.00