Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-12-03

passage.
The bin r2Se1 10 make more secure the rights Of
vendors Of land-recommending passage.
The bill 1881 relative to debt contracted BY wo-
men before marriage-Fecommending reJectlon-
The bill T2O8l to vest magistrates with power TO
make appropriations to pay themselves for attending
quorum and quarterly courts--recommending re-
lection.
The bill 1887 to amend the act requiring the sale
of land and negroes to be advertised in newspaper
recommending rejection.
The bill 1881 requiring Clerks aud other county
officers to live within their county towns, and for
other purposes-recommendin rejection.
The resolution [64, Mr. Copelands] to amend the
State Constitution--recommendin rejection.
The bill I97 to amend tue criminal laws-which
was ecommitted--recommendin again, rejection
The bin 1927 to establish Mayors Court for
the town Of helbyvlle-reeommending passage
AMIR NEWMAN, from the Committee on Internal
Improvements, reported.
The bill 1871 to authorize the erection Of mill
dams across Duck river below COlumbia--recom-
mending passage,
The bill 1851 for benefit Of Nashville and North
western, and other Railroad Companies, and lessen
the State liability-With amendment, recon-
mending passage.
The resolution directory to the President of the
Louisville and Nashville Railroad Company, asking
to be discharged from its consideration.
The Senate bill (56) TO amend the act amendatory
of the charter of the Nashville and Cincinnati Rail-
road Company--reeommending passage, with the
amendment for benefit Of Louisville and Nashville
Railroad Company; recommending the rejection o.
the House amendment for the benefit of the Atlantic,
Tennessee and Ohio Railroad Company; and recon-
mend also, that the Louisville and Nashville Rail-
road Company be authorized to elect Vice Presi-
dent and that the iron mentioned in the bill be I'M
der the control Of the Road Commissioner.
PROPOSITIONS PASSED TIE FIRST BEADING.
Mr. CARTER of Carter, introduced a bill 40.
2S4 to charter the Virginia Tennessee and North
Carolina Railroad mpany.
Mr. EWING introduced bill mo. 1851 to amend
the criminal laws.
Mr. WHITE of Knox, introduced bill mo. 1851
to provide for the maintenance Of the Deaf and
Dumb Asylum at Knoxville.
LIQUIDATION OF THE BANK OF TENNESSEE.
Mr. ALGEE submitted the following. which lies
49,. H.. .I.e COMMITTEE UH I1aaAs be- and
they hereby required to take into consideration
that part of the Governors message which relates tC
the State Bank, recommending the putting of that
institution into state of liquidation, and report
bill in conformity Herewith.
THE HOLIDAYS.
Mr. BRADFORD submitted the following, which
lies over:
WHEREAS, It has heretofore been the custom of q
Tennessee to visit their homes during the Christmas
holidays, so as not to leave a quorum, or number
sufficient to transact business, thereby encumberng
the State with heavy expense, without cOrrespon-
ing benefit. Therefore,
Be 1t resolved By the General Assembly Of the State
# Tennessee That TO avoid useless drain upon the
treasury the present General Assembly will adjourn
on Saturday. 18th of December. to Monday, the 4th
day of January, 1883
NEW COUNTY OF sEQUATCHrE.
On motion by Mr. RAWLSTON, the House took up
county of HerndOn, with Mr. Roberts amendments OF
boundary.
The amendments were adopted.
Mr. RAWLSTON proposed further to amend, by
striking out "Herndon, and inserting "Sequat-
CHEZ
Mr. WHITE believed that name would be preferred
by the people set off, it was appropriate name
from the sborignes Of the cOunry-and he would
like to have it preserved in this way.
The amendment was adopted; and so the bill
passed the second reading.
LAUDERDALE REVENUE.
On motion by Mr. LACKEY, the bill C102) for ben
eft of the securities of a Lauderdae Revenue Col
lector, was taken up The Judiciary Committee
bill in lieu, having been adopted heretofore, was
passed the third and last reading in the House of
Representatives.
soMERVILLEs
On motion by Mr. MARKS the bill (27S) to amend
the Charter of the town of Somervile, was taken up
and passed the second reading.
GILES COUNTY JUDGE.
On motion by Mr. WILLIAMS, the House took up
the consideration of the Senate's amendment to the
bill establishing the 18th civil district in the county
of Hickman, to wit: authorizing the Governor to
appoint Giles county Judge for the December
and the heiuU read nv the CLERK
concurred in by the House of Representatives.
SPECIAL oRDER-BAsKs AND BANKING.
On motion by Mr. ROWLES, the House now re-
sumed the unfinished special order, to wit: Mr.
Folks bill (265 to regulate the business of Banking
the question being on Mr. Folks amendment, fer
the suppression of small notes issued without the
State of Tennessee.
Mr. ROWLES proposed to amend, by inserting ap-
propriately the word, knowingly" so as to read,
''If any person shall knowingly bring into this
State" sc.
Mr. POLK said it would destroy the force of the
provision.
Mr. FRAZER made general speech in OppOsi-
ton.
Mr. STANTON acknowledging to the Congress
Of the United States for remedy against the evils of
small notes of circulation.
Mr. WILLIAMS said:
Mr. Speaker, l must beg the kind indulgence of
the House, to submit a few remarks on the very i'm
portant subject under investigation. l have
offered bill Ofmy own for th action ofthe House.
not caring to be oiHcious or prominent in the mat
ter, and being willing to rely on the very sound
Of the many learned and able gentlemen
whose opinions accord with my own. l may perhaps,
suggest an amendment or two to some of the pro
visions of the various bills before The
,y Of every couu+ry is the great vital moving power
hat gives life and momentum to eve-y department
of its governmental and social policy, and whatever
5ersnges that currency is felt by all its relations
proporionately, TO destroy it, is not only to destroy
The social relations of country, but the government
Itself. The agriculturist plows the held-the ma
riner plows the main, because he sees in that re-
ward for his tOil-the mechanic pours ont his sweat
only because he expects to receive remuneration in
money. View it please, sir, money is the great
motive power that urges men to action; the wheels
If government would stop to roll, and society would
be reduced to confusion without it, Commerce could
not subsist withOutsome great medium and regulator
So obviously necessary is a currency TO the conven
ence and comfort of man, that we find from the re-
hottest ages of antiquity it was known and used 1t
likewise known TO all nations from the barbarOus
hfrican to enlightened christandom, and by all it
seems to be taciturnly agreed, that that currency
hould be constituted Of silver and gold. By inter
national comfy, the particular coin of one country
recognized in another. and hence its importance
Is commercial agent is immensely magnifed. Then,
currency is necessary, land long usage, teaches
hat it is isust necessary that it should be
orm and not subject TO sudden and violent fuctua-
ions it is important not only that it should be good
day, but in all times to come. For several thou
and years the precious metal was its own represn-
ative and while that was So although nations were
Wept away, and dynasties annhilated, no fuctua
ion, no panic pressure was known, but for the
asst two or three centuries the ingenuity of has
,een continually exerted to find substitute for
metallic currency, aledging that there was not
nough of the precious metals TO supply the ncreas
nE wants of the commercial world, and hence, we
lave been cursed by fluctuations, contractions and
evulsions, occasoned by the system of banking,
which blights not only the prosperity of our own
ountry but of every country where banks are known
The system was founded on two great fundamental
bsurdities One, that there was not gold and silver
nough to supply commercial wants and another
till greater absurdty, that paper money, or rather
bills of credit, could be made valuable and relia
lie substitute for metallic currency. To refute the
Ormer, we need only look at the thousands Of mil
ions of gold and silver floating through the COM
nercial wOrld-the golden strands of California and
australia and the gold studded hills of South Amer
The greatest danger is Of their being too much,
which NIGH depreciste its value But that paper
ssues or bills of credit cannot be made reliable
ubstitute, lis atruth demonstrated everywhere where
is in use. The colonies tried it during their
utionary struggle, but it rolled back over them an
tide Of ruin, more disastrous than the