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BANK SUSPENSION. It is our duty this week to announce that the Miners' and Manufacturers' Bank of Tennessee, at Knoxville, has suspended, as we are informed by letter from that place. We do not believe there is a very large amount of the paper floating about in this direction, most of its circulation being in Pennsylvania, from whence a run was made on the institution, which compelled its officers to shut down the gate and close doors. The charter for the Miners' and Manufacturers' Bank was obtained from the Legislature of 1853-4, without that wise and august body knowing they were conferring banking privileges, the members believing that it was simply for a mining and manufacturing concern, ns is now alleged. As another General Assembly will shortly convene, we respectfully suggest that it is the duty of the legislators to look into bills that come before them for consideration before passing them into laws, as hasty and thoughtless action on such occasions is frequently productive of much injury to the public-a fact which seems never to occur to some gentlemen who stumble into legislative bodies. There are most too many one-horse banking institutions in our State, and the result of which is, that the best Tennessee money is below par outside our own geographical limits-the bogus concerns throwing a shade of suspicion around those which are really solvent and reliable. We think that legislation in this State in regard to banking privileges might be profitably retraced, to some extent, by going back and wiping out a considerable number of the shin plaster concerns; we believe such a step is demanded by the public interests, and that the public good and convenience would be greatly subserved and promoted by the passage of a law prohibiting the issue of bills of a less denomination than five dollars.— We intend to press this subject upon the attention of the member elect from this county, and upon that of our Senator, and shall expect much from their efforts to carry some measure through the Legislature that will remedy the evil complained of. There will be no exciting elections to absorb the attention of the next General Assembly, and the members will have plenty of time to attend to the more legitimate duties of their position. In fact, if our public men, and the pub. lic press, were to bestow more of their time and talents npon matters of State policy, and less upon Federal politics, they would more largely promote the true interests of the country. But to return. We regret the suspension of the Miners' and Manufacturers' Bank, aside from the injury inflicted on the community, as there are men connected with it as e officers in whose honesty and integrity we n have always had unbounded confidence, and o who we are certain would never have attachn ed themselves to an institution which they m did not believe was entirely solvent. We m trust the failure is not a total one, but that the institution will be able to redeem its is It sues and wind up in a manner honorable to the parties most deeply interested. at
