The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1857-12-25

THE BANK BILL-The Senate's "Bll to
enforce tho Resumption of Specie Payment
by the Suspended Banks; to offer 10 their
Acceptance certain Amendments to their
Charters, and for other purposes" has pass
ed second reading in the House by vote
nf "a 10 %. The Bill provides, among other
things, that the Banks shall resume by the
LIST JAM, 1859
"and from and after the first day of July,
1858, no such bank in this State shall issue,
emit, pay out, or circulate any note of less
denomination than five dollars; and from and
after the first day of January, 1859, no note
of less denomination than len dollars; and
from and after the passage of this act, no
bank in this State shall be permitted to pay
out, for circulation, the cote Of any corpora
tioL; or association of individuals, which has
not been chartered by the State of Tennes-
see: nor shall any bank pay out the notes of
any bank chartered by this State, except lis
own; and NO bank in this State, shall direct
ly, or indirectly, sell or dispose OF gold or
silver, or sell or dispose of The notes OF any
bank whatever, for any premium or discount
whatever; and it is hereby declared, that the
traffic or trade in the legal currency, or in I'M
current bank notes, is not privilege intend.
ed to be, or granted TO the banks by their
charters"
The Bill is divided into eight sections, and
is stringent in IFS provisions generally.
Hon. JOHN BELL.-Tha dominant party in
the Legislature continue to vent their petty
spleen at the distinguished Tennessee Sena-
tor. The following resolutions have been
adopted in the higher branch, 10 lieu of
those originally offered on the subject:
Be ii resolved by the General Assembly of
the State of Tennessee, That we fully concur
with the Hon. John Bell, as to the duty of n
Senator when the voice of his constituents
have decided against him on question ma
terially affecting their interests.
BE further resolved, That in our opinion,
the voice Of Mr.. Bells countrymen Of Ten
nessee in the recent elections, has declared
against his course on the Kansas-N Nebraska
bill---a question of vital Importance to the
South.
We would like to have the distinguished
gentlemen who voted for the above resolu.
tons, explain in what respect the Kansas
Nebraska bill has proved, or is likely to prove,
"of vital importance to the SOUTH" or what
advantage, substantial or otherwise, the South
has gained by its enactment, that any man
should be hunted down for having opposed
IT. Looking TO the present threatening as
iect Of affairs in Kansas--the ultimate ad-
vance Of "Freesoil" south of SO 30-made
by the adoption Of that measure of doubtful
parcntage, IN inevitable as the DEGREES Of
Fate-and the distracted and insane condi-
ton OF the Democratic leaders on the sub
ject at this time, no three Of them agreeing
about il-these things, with a little regard
for self-respect, should still the tongues and
seal the lips Of the democratic members of
the Legislature upon the Kansas question
much less should they continue to hunt the
Statesman whose far-seeihg sagacity and pa.
trioiic eloquence pointed out and portrayed
the dangers and troubles that would ensue
from the adoption Of the bill, and which in
part have been already realized. Under the
circumstances, their course townrd Mr.. Bell
Is not only unjust and inconsistent, but