Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1854-01-20
SENATE-ArrrnSoos SESSION.

I AAoSo~ e'J1u'iiSN eNNOtuiiiSiJ
f'ft-t e. sSENATE-AFrERNooN SESSION.
Mr.. Carriger presented report on the indebted
ness Of the State and her means to meet it, from
the Comptroller; 1850 copies of which were ordered
to be printed
The blllto prevent the marriage of double cousins,
was passed on the second reading
Mr.. Perkins introduced bill to deine the limits
of tue town of Franklin; and
Mr.. Reagan, bill directing the mode of stating
the accounts Of the Bank of Tennessee and for
other purposes which severally passed first read
ing, fss3 III.
Mr. Havron returned the bill to improve the Big
South Fork Of Cumberland river, with amend
ment in lieu of the second section; which was
adopted l... ..EttF
Mr.. Reagan offered an amendment, approrria-
ting $4,000 each to the Hiwassee and Little Ten
nessee Rivers; which was adopted
The bill was then rejected.
The bill concerning public administrators, was
taken up, and amended in many places on Mr.
Reds motion Before voting on its passage, the
Senate adjourned until 10 o'clock tomorrow.
HOUSE-AFTERNooN SESSION.
The question being on Mr.. Cheatham's motion to
Indefinitely postpone the City Bluff Bank bill and
all its amendments d. -..yt
Mr.. Cowart took the floor in defence of his amend
ment 10 charter the Bank of Chattanooga; showing
the great need Of increasing the bank facilities Of
that town. in view of the immense amount of pro-
duce business doing there. Mr.. c. gave an
interesting statement of the business and resources
OF Chattanooga And 10 do all that business they
had but one bank, branch Of the Union Bank of
this State--aal for al the rest they had to go to
Georgia aud South Carolina. He wouli ask if this
was right? He would ike the members would 90
to Chattanooga and see how the place was growing
Give Memphis her bank-but let Chattanooga have
one too. -.. ..s.-.
Mr Holmes hoped the House would refuse to
postpone the bill, and supported his views by sta
ting the amount of busne So done at Memphis which
shipped annually 100000 bales of cotton alone
besides being great distributing point for large
region OF country. And yet Memphis does NOT
own one dollar of banking capita-she has to be-
dependent on others She makes now a reasoua-
bic request in which the whole State is Interested
He deprecated allowing any prejudice arising from
the failure of the Merchants and Farmers Bank
Mr.. rbbs remarked that he had offered an
amendment with the consent of the authers of the
main I'LL; hut rather than cucumber the original
bill and thereby endanger the bill, he would with
draw his amendment He hoped the House would
not postpone the BILL .s.
Mr.. Temple also made some explanations in re-
gard to his amendment adopted this morning
Mr. Hebb did not intend to say word against
any gentleman's propositions He was in favor of
extending to Memphis the same privileges as to
Nashville and other places. True, bank had bro
ken there once-but banks had broken also In 9th
er places; so that was no good objection. He did
not want an "Omnibus" bank bill. One Omnibus
bill was enough at a time. Pass the Memphis
Bank bill and let others come up as separate meas
ures on their own merits
The motion to postpone indefinitely the bin and
amendments was then put, and failed Ayes q, !
noes, 40. l-t s.t l.t
And the question recurring on Mr. Cowats a.
mendment, which was adopted.
Mr.. House offered amendment charterine a
bank in the town Of Carksville-Capital $500 900 !
to 100000, which was adopted
Mr.. Hubbard offered an amendmnet chartering a |
Bank at Dandridge,io be called the French Broad |
Bank. --..- ....s.-rT .sy. t.
Mr.. Holmes moved to lay the amendment on /
the table, which was agreedto aud the amendment
went to the table
MriBulord offered an amendment providing that
no transfer of stock shall be legal unless due no
tee be entered on books TO be open TO public in
spection which was adopted a
Mr. Cheatham offered an amendment that no
stock bank be established except in accordance
with the provisions of the Free Banking Law
= Mr.. Cheatham explained that he was not op- |
posed to Banks but he wanted bi-holders to be
suitably protected, and not let the honest, hard
working bil-hoder lose his hard earnings by the
allure and misnianagement Of banking Institutions
He would say to this House Stop, Stop this wild
ystem OF Banking.
Mr.. Steele offered modification of Mr.. Cheat
IAN S proviso, which was accepted and Mr.. Far
ington moved to lay the amendment on the table
winch motion failed. Ayes, 20; noes, 81 3. - ,
Mr. Holmes asked the House to vote directly
oddly and mauiully against the BILL rather than
ide it down by such amendments 1915 +
Mr.. Bu!ord voted for the proviso He was at
rst in favor Of the original bill but if we could
ot do what, was right without doing too much he
bought it was time to stop. II the trainers Of the
i'll had maintained tire first position he would still
9 with them. But if we cannot create a Bank at
n important point, without making one at every
ole and corner in the State we had better do
othng than to do too much He was opposed to
lch course. He was prepared to vote for the
i'll as first introduced :
Mr. Holmes was as ready as the gentleman from 3
lies to vote on every measure independently and o
d its own merits. 1t by wish of his that
eSe amendments had been taken and he would }
wv if possible, gladly shake them all off.
MIR. Tlbbs would, with permission of the House, !
ithdraw his amendment, and moved 10 reconsider
e vote adopting his amendment which molten
evailed and Mr. Tihbs withdrew it. Mr. Temple
ID Mr.. House pursued similar course with their
1endments lHC-.a. +-
And Mr.. Cheathams proviso being read and the
eston. taken and the proviso was adopted
Mr.. Lamb entered motion 10 reconsider the vote =
st taken, and gave his reason for so doing: And
e motion carried; ayes 80; noes, 80 And
question recurring the proviso OF Mr. Cheat F,
m as amended by Mr. Steele NJ
Mr.. Winchester moved to amend the amendment, a.
lich was rejected. 'H. fa'tt 81. Ia
Mr.. Richardson wished to state that petition
d been presented here from prominent business
n in Memphis, praying for Banking privileges
a principle different from that of the Free Bank
Law; and why not grant their prayer, or if il be
proper 10 do so, reject it at once openly. 4
After some further remarks by Messrs Mcknight I
own, Of Monroe, Holmes Buford and Richard 10
/, the question was put on Mr. Cheatham amend le
mt as amended by Mr.. Steele, which was reject o
--ayes, 80; noes 81. q
fr. Carroll moved TO amend by reducing the 8Ot
Jus from one to one-hafp per cent adopted
ir. Harris entered motion toreconsider the vote "
citing Mr.. Cheatham amendment. l.
fr. Holmes moved toreconsder the vote adopt 81
Mr.. Cowarts amendment chartering the Bank loo
chattanooga. Mr.. Cowart opposed the motion;
Gu was lost. M .... 81 j
lr. Bailey called for the previous question, and
House refused to sustain the cail-ayes, "a;
J, 35. u,4 '.t n
II. Richardson moved 10 lay Mr.. Harris motion y
econsder on the table, pending which, mo- sure
of Mr.. Clemens the House adjourned until 81 SnFt