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Office Of Planters’ Bank, Tennessee June 6, 1837
Posted By Dennis On In Native American,Tennessee | No Comments
DEAR SIR; For your satisfaction, and for the information of the department, I beg leave to say, in explanation of the protest of Major Bennett’s check in your favor, for $200,000, that, in the conversation between Doct. Reynolds, who presented it, and myself, and in my communication to him before the protest, I stated that I did not think I ought to issue any paper except payable at New Orleans. I was induced to believe so from the general suspension in the eastern cities, and the great revulsion in the money market of our whole country. But he refused to receive any of that kind; and as this refusal was not contemplated by the bank, inasmuch as Judge Kennedy had made a personal request to the president of this office, in April last, for $75,000 of the aforesaid sum, in the notes payable at New Orleans, nothing more was said as to when the balance would be payable; but this would have been managed as satisfactorily as possible, if Doctor Reynolds had been authorized to receive the $75,000 agreeably to the Judge’s requisition, and which we had taken special pains to have here accordingly.
We are extremely anxious to accommodate, as far as possible, at all times, and I cannot conceive that we have been otherwise in this instance.
In haste, I am, very respectfully, your friend and most obedient servant,
WILLIAM CLARKE, Cashier,
Captain J. P. SIMONTON.
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