Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-12-15
SENATE.
MONDAY, Dec. IA, 1857.

I
Mr. HILL presented memorial from P. J. R.
Edwards, Of the county of Bradley asking That the
| revenue laws may be so amended as to prohibit
magistrates from appointing Tax Assessor from their
| own number
| Mr. MUNDAY. from the Joint Select Committee, on
the subject Of Law Reform, introduced bill on that
subject entitled bill to abolish the present forms
of Action in the Circuit Courts of this State, and to
| adopt the Petition and Answer, in lieu thereof
MrGOODPASTURE a bill granting relief against
escheats in certain cases, which passed the hrst
| reading.
Mr. BULLEN: bill to repeal the several laws
chartering the Shebyville, Agricultural and Law
renceburg banks; passed the first reading and
referred.
Mr. HEISKELL: a resolution directing the State
Universities at Nashville Knoxville and Jackson, to
| report TO him as they are required by law to do.
Lies over.
Mr. DENTON a bill to extend the charter granted
to Jesse Lincoln and W. Ussery, to open turnp Ike
road from Sparta to Liberty, IN DeKalb. Passed
first reading.
Mr. HEISKELL: bill to enforce re turns of tax
statements by Clerks of County Courts Passed first
reading.
Nr JONES: resolution that the Comptroller be
requested lay before the Senate the reports of the
Free Banking Associations of this State, required
by the act of 1872 CHI 49, Sec IL andl2 Adopted
On motion by Mr. BULLEN, Senate took up House
Message, returning House bill, (NO. A. to amend
the revenue law.
Mr. JONES moved that the House amendments be
coucurred in, which motion failed.
On motion by MIR HILL, Senate took up bill to
provide for the voluntary liquidation of the Free
Banks; which passed the second reading
On motion by Mr. TRAVIS, Senate took up House
bill to establish the 18th Judicial District.
Mr. MENEES moved to amend by adding that the
county of HUMPHREYS, be added to the 9Th Judicial
District. The amendment was adopted, and the bill
passed the second reading.
On motion by Mr. MCD0UGAL Senate took UP
bill to amend the act in relation TO Landlord
lien on Crop which passed the third and last reading
On motion by Mr. GO0DPASTURE, Senate tok
up bill smendatory of the Fee Bill which passe6the
third and last reading.
MIR MENEES presented the following memorial
from the Hon. Cave johnson:
To the General Assembly Of the State Of Tsasssee:
The President of the Bank Of Tennessee respect
fully represents, that by the laws governing the
Bank is made their duly at the close Of each quar-
ter to have a careful examination ma Of its con-
dtion, and they propose TO perform thS duty on the
LIST Of January next
The recent suspension of specie rlyments by the
banks OF the States OF the lion, and among
them those in this State, has exc in the minds Of
the people serious apprehensiou Of heir ability to
redeem their notes, and no as been more ruth
lessly assailed than the Bar @. Tennessee, not
outstanding it is known tia faith of the State
is pledged for its iabili thereby materially
affecting the credit of its alton in some Of the
adjoining States; Diminish & the value of the State
securities, whereby the in 3rnal improvement Com
panies receiving the aid the State, have been
able to avail themselves its hberality to the e1
tent contemplated by Il General Assembly.
Ia the opinion of the aemorislis every interest in
the State requires careful examination into the |
condition of the Bark, SO that if there be any 1
grounds for a suspicion of the ability Of the |
Bank to meet its Ia Ilitles, Of its proper manage
II rcn ,ha
should be made Town to the people and the Gen |
ersl Assembly, nat proper steps may be taken for
the correcti0n Such examination is also due |
the Director at their conduct may be properly |
appreciate The people
Your alist, therefore, asks your honorable |
body, thu Jmmittee be appointed 10 be present at /
the on Of the Bank, with such powers as
will era them by the examination of witnesses, |
and ST ah heF evidence may be deemed necessary |
TO eIsl-e thoroughly into the condition OF the /
Ban az that they may report its true condition
Your lemorislist has reason to believe that
any ads exist for the suspicious aroused against
the <, or its proper management by the present
Dir, ~, but believe that the public mind should
be diabused in relation to it.
b. order of the Board.
Z. JOHNSON, President.
Ir MFNEES offered a resolution to raise such
Committee, when,
On motion, the memorial and resolution was re-
terredto the committee on Banks, with instructions
TO report by Thursday next, if practical.
The resolution offered by Senator DAVIS was ia
ken np. The resolution is as follows:
Hssososd' mat the late suspension Of the Bank by
IeEnessee, with assets to the amount of six million
niBs hundred and seventy nine thousand dollars,
lssisting Of seven hundred and ty-seven thousand
dSars in gold, to meet liability of only three mil
len and Hxty thousand dollars together with the
eaen expressed opinion of the officers of said Bank
hat they able to redeem theirIcirculation when
required does not meet the approval of this General
Assembly.
Mr. MENEES moved to lay the resolution on the |
table, which failed by the following vote:
Ysds-Messrs. Bratcher, Brown, Golf, Goodner,
Hill. Menees, McDougal, Walker, and Wecker-9.
Nays-Bullen, Davis, GoOdpasture, Heiskill. Jones,
Nunday, Roach, Ross, Travis, WhitthOrne, and MIR
Speaker Burch-ll.
Pending the discussion Of the resolution,
Senate took recess until q P. m.