Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-10-10
CREDIT OF THE STATE.
Mr. DaHin snhmitted The fnllnminr.

Whereas, There is at present throughout the oOun.
Try great pressure in the money market,
And whereas, owing to this pressure, and to other
causes, the bonds of the State of Tennessee can be
sold only at a heavy discount, therefore,
e PesotUsd By the General assembly Of the State Of
Tennessee, That it would be unwise in her Legsla-
tTe for the present, TO attempt TO give further aid
Internal Improvements, by the loan of her credit,
otherwise.
Rssoyrsd, That this Legislature will make no ap-
preparation for Internal Improvement property.
Mr. Davie moved that the rules be so far suspended
to allow these resolutions to be considered
Mr. Dunlap preferred that they should take the
usual course, and receive the consideration Of the
Committee on Internal Improvements.
Mr. Daye. The resolutions involved an important
matter and it was important that the views Of the
Legislature in relation to it, should be known
throughout the country soon as practicable. We
already see our State bonds being sold at a runous
rate and if it were known, that It's determined by
the Legislature not to extend the credit of the Stat
it would have tendency to increase the value of
the bonds of the State
Mr. Bate hoped the subject would be referred. 1t
no less than proposition to stop the usual ap-
preparations for Internal Improvements; and before
deciding upon so grave matter, we should have the
whole question before us and the facts. To adOI t
these resolutions now would certrinly be taking a
step too far in advance The matter involved the
whole question of Internal Improvements ana should
be referred for report upon the facts and princi-
pies that may arise for the consideration of the
House.
Mr. Rowles also opposed the motion to suspend
the rules. He was not prepared to decide this ques
ton without further consideration. Perhaps the
monetary affairs fthe Statewere connected with the
most important questions upon whey this Legislature
could be called upon to act, and it seemed to him.
with Difference TO the judgment of others. that We
should act here with caution. He would ask the
honorable member moving these resolutions whether
he could think our attention had been turned to the
subject sufficiently to authorize definite action
He not prepared even to say whether this pro-
position ought to be referred now or not. He ho-
ped II would be allowed lie the table till more
mature consideration can be had upon it. He was
anxious any member for the most prompt and
speedy action of the body: but it also his de-
sire that action here should be all times pru
dent, safe and lea1ingto the best results.
Hr Davie demanded the yeas and nays, upon his
motion 10 suspend the rules and they were ordered
Nr Thompson was in favor of the resolutions
was opposed to any further extension Of State aid
10 our works of internal Improvements, and also
opposed thc consideration of the resolution at this
time. He hoped the gentleman from Montgomery
would withdraw his motion TO suspend thd rules
The gentleman supposed it would help the State
bonds in the market if these resolutions were
passed. But if itshOuld appear that we had acted
hastily, and without due consideration, it is GER
tain that the adoption of the resolutions could not
have the same weight with thinking men, as though
they had been made the subject of a careful report
and had been passed upon mature deiberation.
For this reason while he was in favor of the propo-
sition, he hoped it would not be considered now,
but that it would be allowed to lay the table till
tomorrow and then be referred TO the proper COM
mittee.
The yeas and nays were now taken on the motion
to suspend the rules, and resulted-yeas %,
nays 40
So the resolutions lie over.
Mr. Bayless submitted joint resolution, request
ing the State Treasurer to pay the compensation Of
members and officers Of this Legislature, upon their
receipt, respectively.
Mr. Dunlap moved to suspend the rules so far as to
allow this resolution to be considered now, which
was agreed to-
Mr. Bayess desired the adoption of this resolution
for the reason that there was great deal Of money
now in circulation, and some perhaps, in the hands
of members which could not be used to advantage,
as it might be at some future time.
The Speaker directed the yeas and nays to be
taken upon its adoption, because the resolution con-
templated the appropriation of money.
Mr. Algee alleged that the yeas and nays were not
required because the Legislature could not appro-
pirate money by resolution. TINS resolution was
simply request TO the Treasurer
MIR White of knox, thought gentlemen would find
no difficulty about their pay upon application TO the
Office, without this resolution.
Mr. Newman, a similar resolution was passed at
the last session of the General Assembly.
Mr. Wilson, it was simply request. 1t was Ger
tainly competent to pass the resolution without call
ing the yeas and nays.
The resolution was adopted, and it was ordered
that the Clerk acquaint the Senate, and ask their
concurrence in this action Of the House.
COMPARING THE VOTES FOR GOVERNOR.
Mr. Richardson: Mr. Speaker believe this is the
day set apart for comparing the votes for Governor.
No time is specified in the resolution for the