Daily Nashville patriot. [volume] (Nashville, Tenn.) 1857-1858, 1857-11-17
ROUSE OF REPRESENTATIVES.
MONDAY, Nov. l6, 1851.
REPoRrs OF sTANDING CoMMIrTEEs.


Nr. COop.r from the Judiciary Committee, re-
ported in favor OF the passage Of the bill establish
ing the offic of County Ju &c in the counties OF
Davidson, Shelby, Montgomery, and Knox and th,
bill passed the second time.
Mr.. Wilson, from the Joint Select Committee, ap
pointed to report bill upon the subject of bapk-
reported such bill, recommends by a m ority o
said Committee Tho first section r,prals n pro-
visions OF any aud all Acts which sunect- the ak
of Tennessee and other banks 20 any penalty for
not complying with the provisions Of their charters
in the payment of thir liabilities in sp- Gle also,
that all proceedings in law against said banks, b
cause of future redeem their not = shall SUI
pended until the Stn of January, 1859, or such
shorter period ss the said banks themselves may fix
upon; 10 dividends to be declared during sus.
pension.
;, cton second provides that il the New York
and New Orleans 'anks resume specie paying dur
ing the spring aud summer Of 1858, the banks of
this State are to rede- N their notes within sky
DAYS thereafter.
The third section provides that no bank re-
suming in this State shall issue notes OF less d.
nomination than five dollars, aud Fix months there
after shall be issued less than ten dollars,
nor pay out any bat their own notes or Of their
branches, or such Tennessee money they are
willing 70 receive, under penalty OF one thousand
dollars for every such offence
Section fourth compels the mother banks TO re-
deem in specie the notes OF their branches, and
gives the Bank Of Tennessee the same control OF
branches as the Planters and Union Bank
have of theirs. And in case any bank fails or re-
fuses 20 comply with the provisions Of this act, II
passed, such bank shall be subject 10 all the PEN
alt-s and iorf-itures Of existing laws.
The fifth sixth sections require the FIRE" bar Ks
within ninety days after tn passage OF this act 10
depOste with the Comptroller, bonds sufficient to
make their notes good aud ia case OF failure, Tn
| Comptroller must inform the Governor, who shaI
10 tlute proc-e ings annui and forfeit the char
ter OF such delinquent bank, and also provides Tue
mode OF winding up. The last section also pro-
vdes that the officers Of the banks Of this STATE
shall furnish ths Governor With reports OF is con-
dtion verified on oath on the first Mondays oil ~
uary. April July, aud October, 10 be published Ia
the Nashville papers.
Section .venth provides Tor the punishment OF
such ofa .ers as fail 10 make such reports.
Section eighth declares that no bsuk shall dis
count any note, dill, or other evidence OF ceo'
while suspended.
The ninth section repeats the ist, ], !. and
Ssh sections Of the Free Banking aw, but proEii $
that such persons or corporations as have gone 10.
to banking under such provisions up 70 this time
shall nog affected by said rspsal the intrntioa
being TO prevent any more banks iron going Into
opeTation.
BILLS INTRODUCED.
Ns. GOlliday, TO amead the criminal Laws Of 'hl
Nj. Newman. to psO,sc, s.osk frOm milk sick
: ~. BrsEsl,On, to Incorporate the M.rshliu csm.
b. sane, % Incorporate the Trusssss. Of hi
PrssoYaei an Caaseh at s. Paals. q JefsFsoI
eouhty.