Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-08-18
RICHMOND, AUGUST Is, 1890.

RELtEF LAWS-TENNESSEE
L. lhe Bank Bht-estahiishine neU bank,
e. sank OF the State OF Tennessee at Nash
vile, with branch at Knoxville, to continue
IN iS43-.capital S 100000, in bills paya-
bile to- order or bearer, TO be emitted on the
| security of the borrowers, and guaranteed by
the state on the proceeds Of the sales of High
| wassee lands, the interest of the sales of land
south of French Broad aud Holston, and The
ordinary revenue of the state not otherwise
| appropriated-the notes of this bank 10 be mol
under the denomination of nor over 5 100.
AI me pubic monies to be deposited in il. II
| shall discount bills of exchange, notes well
secured. or public stock il shall also loan for
liz months III the nature of discounts on real
or personal property, secured by a mortgage
on me property, the loan never TO exceed
one nall OF Its valne-Do loan TO any individual
To exceed 5 500. Agencies to be established i'm
each county, which shall loan TO them share of
the capital proporiioned 10 the amount of tax
IL paIu INTO the treasuryiD 1910. The bills of the
Dank 10 De receivable tor all monies due TO the
state, colleges, &c. and for county taxes, &c.
NO execution TO issue from any court until fro
years after the rendition Of judgment. unless
the plaintiff shall endorse on execution
thst lie Is willing to receive the notes Of this
bank. AZ we'll as of the others specified i'm the
act.of November "a. 1919. (1bis bank is not 10
have any specie 10 red Gem its notes. uni less per-
adventure il NAV obtain small suppIy by the
power given The Governor TO Issue S $50, 900 of
q per cent. stock, to be sold by the bank from
time to time, at par-but as il is not provided
what this par is TO be in, whether specie or
bank notes; il is highly probable that The paw
ment for the stock will be made i'm notes and
thus no specie will flow in. IL results that be.
SIDES all the paper OF the present banks, Teu-
nessee IS TO be fisoded with a new circulation
OF million OF dollars, incoRrertibie into specie
BY what moDgrel, finctnsting and depreci.
atedcurreDcy must this state be cursed, in
consequence OF the unwise policy Of estab-
fishing this new, specietess, aud wild instilu-
toni
z. Besides this Relief Bank, a Redeuption Act
is passed, authorizing The defendant 10 redeem
IN fuo years all lands and negroes sold nnder
execution, on paving the purchaser ten per
cent. on the money he nay have advsnced-It
also prohibits officers selling under execution
some few household aud family ariicles-ii
also authorizes personal pro perty sold before
next Decemser to be redeemed in like man.
ner as negroes or real estate. This is a new
IeIIef, Inherent from stop law, property law
IePlevin law, and others Of the relief mul;iy.-
IL rather resembles the REDEEM tion of land.
sold for'taxes.
We wish these presents may not prove Mes
sus snirtto l.nnessee- turning aud destroying
40 victim, the friend IL protested to serve.
HE memorial signed by General jackson
aud Others in opposition TO the loan hill il
written with great ability bat its illusions 10
tie members oaibs we're so pointed, that IL
seems to have given considerable offence 10 the
Legislature. bill establishing town by the
name OF Jackson was amended nv striking the
name ont aud Inserting that OF Royaiport.
LfGHT and LIBERTY 90 hssd in hand !; ren-
efatnz and chefsbing each other. Three
months since there was but one gazette in
Mshffd-now, there are ffteeo, some daily
others sem-weekly.
The election Of the CoFtps is said 10 be ana
PIGEONS to the cause of liberty. "Out of 200
members " is supposed there are not more
'han2o Scrri'ss." The most able men Of the