Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-12-31

n
the House, witch showed nineteen absentees) a
quorum present.
BANKS AND BANKING.
On motion by Mr. WILLIAMS, the House proceed
ed to the special order-the consideration Of the
Senate bill 1927 TO enforce the resumption Of specie
payments by the suspended banks, TO offer 10 their
acceptance certain amendments to their charters,
and for other purposes-the question being, shall
the bill pass the third reading?
Mr. RANDOLPH proposed to amend, by adding at
the end of the second section these words:
'sProUided, That the individual property Of all
the stockholders of such banks as shall avail them
selves of the benefits CT this act, shall be liable to
the demands of the creditors Of such banks SO &C
eeE ting after the corporate property OF said banks
shall have been exhausted"
After debate by Mr. RANDOLPH, Mr. ST JOHN,
and Mr. THOMPS0N-the latter moving TO lay the
amendment on the table, and demanding the yeas
and nays, which were ordered and taken, with the
result-yeas SO, nays 23-following:
Ysqs-Messrs. Bate, Bayless, Bentley, Blackburn,
Caldwell, Carter Of Hardin Copeland, Davidson,
Dobson. Dunlap, Estes, Fulton, Cannon, Griffith,
hamilton, Lamb, Low, AIaris, Mickey, Newman,
Polk, Roberts, Rose, RoWles, st. John, Schmittou,
Smartt Stovall Taylor, Thompson, Turner of Roane,
Williams, Wilson, White of Hamilton, White OF
Knox, and Speaker DOnelson-36.
Nays-Messrs. Anderson, Beale, Blcknel Bull
loch Cooper, Davie, Dodson, Ewing, Frazer, Cola
day, Holmes, johnson, King, Lloyd, Randolph, Roul-
ston, RenshaW, Richardson, Saunders, Senter,
Shrewsbury, Stanton, Vaughn-23.
Mr. ROBERTS said, q explanation of his vote,
that ne favored the individual liability clause attach
ing TO corporatobs and in most instances he had so
voted and more especially when it had been offered
in good filth; but he did not believe this amend
ment was offered in good faith; for the gentleman
from Cooke, who offered it, declared that he would
not vote for the bill with his amendment added,
IL oh fha flpnnl an
does not offer. l shall therefore vote TO lay the
amendment on the table.
Other gentlemen explained, namely, Messrs. Bent
ley, Cooper, Davidson, DObson, Harvey, Mickey,
Polk, Richardson, Rowles, st. John, Senter, Stan
ton, Stoval and Wilson, whose several positions
to the principle involved must be generally well
understood 10y the reader Of these reports.
Mr. BENTON stated that he had paired off with
Mr. Turner of Sumner.
So the amendment was laid on the table.
Mr. POLK proposed TO am md, by inserting In the
fourth line OF the first section, after "lo5S clause
to this effect: PToUded, in the opinion OF the Pre-
sdent and Directors of the Bank of Tennessee, the
said banks shall be in suitable condition TO resume
at that time"
After debate by Mr. Polk, Mr. Davidson, Mr. koHIes,
and Mr. Thompson
Mr. ROWLES moved to lay the amendment on the
table, and demanding the yeas and nays theron, they
were ordered and taken, resulting-yeas %, nays
23-as follow:
Yeas.-Messrs. Bate, Bayless, Bentley, Blackburn,
Caldwell Carter of Hardin, Copeland Davidson, Dob
son, Estes, Fulton, Cannon, Hamilton, Johnson,
Lamb, Low, Alaris, Mickey, Newman, KenshaW,
Roberts, Rose, Rowles, st. John Schmittou, Senter,
Shrewsbury, Smart, Stovan, Taylor, Thompson,
Turner of Roane, Williams, Wilson, and Speaker
DonelsOn-35.
Nqys.-Nessrs. Anderson, Beale, Bicknell, Bull
loch Cooper, Dave, Dodson, Dunlap, Ewing, Fra
ger, Golladay, Griffith, Holmes, lvie, King, Lloyd,
Polk Randolph, Richardson, Saunders, White OF
Hamilton, White of Knox, and Vaughn-23.
So the amendment was laid on the table.
Mr. ROWLES proposed to amend, by adding to the
9th section the following words:
PROVIDED such re apportionment shall not take
place until the stock Of the State in the Union and
Planters Banks transferred to the State Of Tonnes
see is sold and its proceeds received but the amount
lost of the capital stock of the parent bank or any
branch bank, shall be discounted out OF the sum
they would be entitled to receive under this secon,
if no such loss had occurred to such parent bank or
branch bank"
The amendment was adopted.
Mr. ST. JOHN proposed further to amend, by adj
ding the following words to the It'll section:
"PrOUided, that no parent bank, or branch bank,
shall be prohibited from paying out each others
notes respectively after they have once been issued
at their own counters"
After some words of explanation by Mr. DUNLAP, |
having reference to the debate the second read
ing of the bill-responded to by Mr. Thompson and
Mr. Rowles-this amendment was adopted without |
debate, and without division of the House.
Mr. ROWLES proposed further to amend, by in
serting in the 9Th line, after the word "oWner, the
words, ''or branches" which was agreed to.
Mr. ROWLES now demanded the previous ques-
ion; but withheld it for
Mr. POLK, who proposed further to amend, by |
adding in the 9TH line of the first section, after the
word 'bank," these words, ''agent of bank, bro /
ler, insurance office, savings institution, or other
person or persons, company or companies acting |
lnder charter license from this State, or deal
ng in money or exchange pursuit or business"
which also adopted.
Mr. POLK proposed to amend still further by ad
ling, after the word Tennessee" in the 9Th line
# the frst section, clause to this effect: "And all
avs coming in conflict with this act be and the
anne are hereby repealed; and any violation of the
provisions of this section shall subject the offending
,arty to a fine of one thousand dollars for every
violation 10 be a separate offence
md it is hereby made the duty of the At orney
General to prosecute all banks brokers, persons or
associations, charged with such violation, and he
hall be allowed five per cent. on the amount col
ected for his fees in such cases"
Mr. THOMPSON demanded the previous question.
Mr. COOPER demanded the yeas and nays on the
question, Is the demand for the previous question
ustained by the House? and the same being order
d ami taken, resuted-yeas %, nays 25-as fol-
ow:
Yeqs-Messrs Bate, Bayless, Bentley, Blackburn,
aldweu, Carter of Hardin, Copeland, Davidson,
,stes, Fulon, Cannon, Hamilton, johnson, Lamb,
.ow Maris, Mickey, Newman, Roberts, Rose,
.ow.es, St. John, Schmittou, Smartt, Taylor,
thompson, Turner of Roane,,, Williams, and Speaker
'onelson.-29
Nays-Messrs Beale, Bulloch Cooper, Davie,
ObsOn, DodsOn, Dunlap, Ewing, Frazer, GOlladay,
rifhth, Holmes, lve, King Lloyd, Polk, Randolph,
enshaw, Richardson, Saunders, Shrewsbury, Stan
IN, Ssovall, White of Hamilton, and Vaughn.
-25.
So the demand was sustained, cutting of Mr.
ok's last amendment-and the main question, viz:
lall the bill as amended pass the third reading! |
as taken with the result-yeas So, nays 1S-fOl-
wing;
Ysas-Messrs Bate, Bayless, Bentley, Carter of G
ardin, Copeland Davidson, Dobson, Estes, Fulton,
smmon, Griffith, Hamilton, Johnson, Laekey, !
lmb, Low, Maris, Mickey, Newman, Polk, Ro- /
,rts, Rose, Rowles St. John, Shrewsbury, Smart,
ovall Taylor, Thompson, Turner of Roane, Will :
ans, Blackburn, Caldwell, Stanton, Schmittou, $
i'd Speaker Donelson.-35. Z
Navs-Messrs Anderson, Beale, Bnlloch. Dod- :
n, Dunlap, Ewing, Frazer, GOlladay, Holmes, 4
lie. Randolph, Renshaw, Richardson, Saunders, q
nter and VauOhn-lS y