The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1855-10-19


the Bank of Tennessee, and furnish all the
banking facilities needed by the whole com
mcrcial and business portion Of the country.
As the capital Of the Bank iswithdrawn from
circulation, it can be proHtably invested in
the Bonds of the State, thereby again making
its way into the general circulation, and at
the same time crcnting u home market tor:he
bonds of the State equal to the entire assets
of the Bank. The Bonds are bearing an in
trrcst Of SIX per cent per nnnum, which VIII
in tn" end Weld greater profit to the State
making it the safest and most judicous in
vestmrnt that can be uadc with the Com
mpu School and other fund.-, which now con-
stitu,c the capital OF the B nix of Tennessee.
and which is under the control Of the Lcgis.
! laturc.
I 1t the State can in any reasonable time
! dispose OF the stock owned in the Union ana
/ Planters BInk upon good sud safe terms,
aud all other storks owned 10y the State III
( Turnpikcs or KrirOud>, IL w"uid be equally
WISE safe and jndcious 10 make like in.
vvslmrut with the proceeds of such stock in
the sx per cent bonds Of the STATE. The
number OF Internal Improvement works
which have been commenced hr the various
companies aud " hich are entitled to aid by
law irom the State, and number Of others
that in .il probability will bc commenced,
which will require the issuance Ot II large
amount Of State Bonds, amounting /" many
millions of dollars, viii absorb the rutirc cap
. ltH OF the Stale BtnEs and tn prUcc DIS of
all lue stocks owned b. the state, il they are
invest, q in the bonds OF the S,Uic as already
indicated.
Tna Free Bukjn- law, rs it is commonly
called, requires revision ana "heiluhit"'' ana
should be 50 modified as to rcqajrc all urpIi'
cdhtS 'or o'uhil[ pfN"t%'a u"d'f IL !" ue'
posi-, as a gre ter orcurl.y 10 h"'o h"'""ra'
with the '"mptrollrroi IHc rraNurE, l"t"H-
HNr per cent NOR" u" bohdS 'h'h tlty receive
notes VI 'ArUau-r I"r titcHl ,u'n' ne hn''
h"IIrrs are 'hl'''a l" inns """t!"nA' srcol'l
10 meet any reasonable drpf'cl'' l''"h Nhici
Wy''9 '''"r r.'', III '''' '''", "'u '':e u '',,
,t for s,ip, AID .su further rrnt.crio,, +,
the community, there should le It law passed
Pr"ho.'In5 t"e rGcn..to OF any b'nN not'
20 US "'',"''''''''.''" '''' "ie "''''' IL
y,.,rs "nlI and .iy'n. ,Ir,.,, ,rnst ,,,,irn,,,
Hut of cir,nlniinr I'm. nj, tbr,rIirrry hrs.n,.n.
lran,nrIinn, Of tL,. rnm,iry. h., thn ny,r..fy,.
i,sn,. Of small notes Inv IN, y.,ri,ns R,rl,s
tLrourhnnt the N .tr 'vb. nos.ar, ot sn.l, ,
L,w wnuld in n short t.n,. r.st.,,,. I, ri-,.nL,
tin,. r,,rnll ordinary ,nrnosrs. ,n,J and silver
whi,.l, ,.,r,nt i,nrr,.i.t,. in thr h,uls of th.
small nnJ unsusprrtirr dnai,rs. ne i nIt,n
Tia. rosr with hank notrs. bv tn. drprp.iu.
tion of small notes or Tia. brrutiuu of tnrl,s
Th,. r..,ssi,v ,t tha urss,,rn of surh , Lou
must II. ohyious to NIL. and if il wholly
unnecessary for ma tn mako nnv oryuu,pri
to lhe Ie,Ii,lnture or TO the ,nuntrv in il,
: favor
, Th.ra i ope othor surrestion thot vii
, , make in r,uurd Ia the Free Dankiun Law
The law should be so amended us to llx de-
Gnit,ly the rates ot which notes sno,Id h,
discounted bv all persous Laukiny under tlIa
, lIv. thorrbv m,kir,, In. di.rnuni. rnuol and
, Uniform in bnk;np onerutious throuuhou
the State.
rrL, ..r,,. -, ,,ou,I.,.. :, ,,..,,,, ,o,., :,
'> va -
, ''e message ana Is COPIED lroh MS iorihc
message. His views, as the Governor states
, having UNDERGONE 10 change on that subject
N,snr,,,, ,v, c,,..r.r,,oo,,, p ,,ro,r
, ~,
u! ''e s,N'" Su't'o', VI III NV P'HS'" 't
, lu"iS ,'e ol'', 1904, c"''Pter "i, IL WAS I''"
'"c "".S u. '"r '"''''"I 10 e"H"t1e ""'
, -u"'""''' '"I n ''"'"H y, INC -'">"''''' "'''
Nh"'''h'"S' h.'' o"' SoI,'i'HS ~ III, ""'o"''
, nov eNc'e4'nS SIN huh"icu ana u'tE '"o"s'n'
u"''aTS' iih',eu'"le'y a't'r Inc passage
, 'h'a law, ute rie9'"e''t o. lhe company pre-
. S''iI'u SIX muh"r'o ana H'Iy tn"hS,hd do"ar
III bonus VI ,'e c"''i' i'"ny' "hlch ho'oS "cI
n eH"orHea %io ru"r"h'era us the ii" PFestti"
Gd' Inc nohGS were 'heh delivered 10 u.
: iIes'uer' ot Tue company nc 'Aec"ui!S ~
: receipt Tor 'hem. some time after th's |"
'reS.ueHt IN" ar EdNll H. L"'"@ ih'"e VI
PIit"''oh 10 'he Governor i"r 'he eH"orarIh'H
aNu guarantee OI nlNclN-llNC Thousand GuIlal