Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1854-01-17
SENATE-EvENING SESSION

hONDA1J Jdu. 10.
The Senate resumed the consideration of the bill
to establish conventional interest The report Of
the Committee on the Judiciary, recommending the
striking out of all after the first section and the pas
sage of the BILL and the amendments offered on Sat
/ urday by Messrs Bell and Bowles were the ques-
tons.
Mr. Jones spoke in favor of the bill, as being
dictated by the soundest principles of political econ
| omv.
NJ. Bowies strongly opposed the passage of the
bill, and moved its indefinite pOstponement
! Mr.. Bell opposed the bill in a speech of some
length and much ingenuity.
/ Mr.. Davis (the author of the bilD defended the
! policy of conventional interest in very able AM
! interesting speech, showing thorough acquaintance
! with the subject Mr.. Davis spoke several times
IN reply to Others and each time with point and eff
/ feet
Mr. Moore made plain and practical speech in
opposition to the bill; as. also, did
Mr. Nelson, who leelingly alluded to the strug-
giles OF the poor, and to the additional embarrass-
ments which this bill would entail upon them, if en-
acted into a law.
Mr.. Farquharson advocated a conventional inter
est, arguing that money would seek the markets
where 1t commands the best price, and that our
lower rate Of interest driving capital out of the
State, and making scarcity which enables shavers
to eXtort almost any interest from those in embar-
raised circumstances
The gentlemen already named each spoke seve-
raj times. Finally, the report of the committee,
recommending the striking ont of all after the first
section, was concurred in; and then the bill was
reJected-ayes, 8; noes, -
The Senate recousidered the vote rejecting the
bill to reorganize the Judiciary of Tennessee; when
Mr. Nixon offered bill in lieu of said BILL pending
which,
The Senate adjourned until tomorrow morning
at 10 o'clock
HOUSE-EvENING SESSION
MONDAY, Jan. Is.
House on motion of Mr.. Cheaham proceeded to
the consideration of the special order viz the ON
nbus
Mr. Cheatham offered an amendment to his sub
stItute applying state aid to certain named |
Ral Roads CAS- the bill will most probably be
printed, it is hardly necessarysto consume space
with 1t here. 1t makes alterations in the sub
shtute presented by the same gentleman on Satur-
day, but the leading features and principles are the
same
Mr. Buford was satisfied that the house had la
bored enough on this subject He hoped the bill
and substitute would be printed for the examina-
ton of members previous to any final action
Mr. Hawkins moved to insert Tennessee Central
Rail Road, &c. Nj. H. gave his reasons for offer
ng this amendment to Mr.. Cheatham's amend
nent, and addressed the House at some length in
favor of his views.
MI. Cheatham moved to lay the amendment on
he table which was agreed to. Ayes, Al; noes. q;
md the amendment was laid on the table
Several gentlemen rose to address the chair when
message was received from the Senate transmit
ing several bills.
Mr. Wynns offered an amendment extending the |
provisions of the act to the Memphis and Louisville
IT line Rail Roads. Mr.. Cheatham moved to Law
on the table. ,
Mr. Brown, of Monroe, called fer the previous
question, on which discussion arose as to the eff
ect of the previous question The question was
rgued by Messrs. Cooke, Hawkins, and Buford,
yhen Mr.. Brown withdrew his motion for the pre-
ious question
And the vote being taken on Mr.. Cheatham mo- .
Oh, MIR. Wynn's amendment was laid on the
ibe
Mr.. Richardson moved reconsideration of the
oe laying Mr.. Hawkins amendment on the table
Mr.. Cooke moved to lay the motion to reconsider
\ the table, which motion was agreed to. Ayes
}; noes, 80 80 the motion to reconsider was laid '
4 the table
Mr.. Wood, Of Fentress, offered an amendment,
Id Mr. Chatham then renewed his motion to Law 4,
/ the table, and 1t was agreed to. Ayes, A; noes
Mr.. Hyder offered an amendment in favor of the
tlantic, Tennessee & Ohio Rail Road, and Mr..
leatham moved to lay it on the table, which mo-
IN was agreed to. Ayes, A; noes &c.
Mr.. Lillard offered amendment to embrace | in
Philadelphia Il Decatur Rail Road &c. &c
d Mr.. Cooke moved to lay it on the table-which "a
evailed and the amendment went to the table ~
Mr.. Temple offered an amendment and support pa