Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-10-17
TENNESSEE LEGISLATURE.
HOUSE OF REPRESENTATIVES,.
THURSDAYS, Get 10.
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On motion by Mr. Mickey, Judge Pavatt was in
vited to the privilege of seat within the bar of the
House.
NJ BENTLEY submitted the following:
ResoIDsd, That the Committee on Banks be re-
duested to report bill, soon as practicable, to
prohibit the issuance for circulation notes of less
denomination than So by all the Banks of the State
of Tennessee; and after u months to suppress the
issuance and circulation of all such bills;
Which was referred to the Committee Banks.
MR.. RICHARDSON. l am very confident, Mr.
Speaker that every member of this House knows
that the Banks in this State, and the Conn
uittee on Banks ought to do something; and
think something ought to be done directly. The
Banks which are capable of meeting their liabili-
ties under ordinary circumstances, it must be known
to every member of the House. cannot sustain them
selves now. There is not member of this House
who believes they sustain themselves long under
the circumstances now existing. therefore submit
the following:
Resolped, That Committee on Banks be requested
to consult the President and Directors of the Bank
of Tennessee as to the best course that be pur
sued by the Banks under the present arrangement
of the money market, and report to this House to-
morrow morning
Mr. VAUGHN moved to suspend the rules for the
consideration of this resolution. He desired TO offer
an amendment requiring the committee to report at
o'clock this afternoon.
Mr. RICHARDSON. l understand this thing; and
other members understand it. 1t is just the matter
about who shall recommend the thing. The Presi-
dent and Directors of the Bank want to suspend
Ii is not necessary TO be mealy-mOuthed about it.
They desire it. But there are heavy penalties
against suspension. l think myself, that it is the
place and duty of the officers Of the State Bank to
inform the House of the condition of the Bank, and
also to inform the House what course they think it
desirable to pursue. 1t is presumed that no bank
whatever ought to be pressed at such time as this
Il -
der the circumstances l believe, myself, that the
true policy of the banks is to suspend. But it is
probable enough thai they do not want to ask leave
to interpOse their advice to the Legislature. They
probably would like to be asked for their advice
believe this whole thing be arranged satsfacto-
riy and that the Legislature will do what is right
If the House think proper, let our Bank Committee
confer with the Bank officers upon this question
1t is our duty to watch over and protect the banks
as well as other interests, and preserve them, if
possible, from getting into bad condition. Il is
in this way that all may now subserve the inter-
ests of eur immediate constituents, as well the
State at large. Let us have free intercourse be-
tween the House and the banks-those of them who
desire to come inland deliberate on the whole sub
ject
The House refused to suspend the rules.
NEWSPAPERS FOR MEMBERS.
On motion by Mr.. Nancy, the House took up the
the consideration of his resolution for supplying each
member with one copy Of each of the daily papers
printed in this city, during the remainder of the
session. at the expense OF the State.
Mr. JOHNSON moved to restrict the number to
two daily papers.
Mr. NANCY said he had some little experience in
the newspaper business, and he knew that the sew
eral daily papers Of this city every session at
considerable xpensc to furnish reports of the pro-
ceedinps of this body. The State never having en-
Moved as it should legislative reporter every pa
bo1 hpaD oh 1CaI 70 hrra lie
norter as was the case now before us. Reconsider
ed that party feeling should not be allowed to run
so high as to withhold the pittance Of a subscrip-
lion Ter the session of these papers, who had them
selves been long doing acceptable public service in
this way at considerable expense.
Mr. THOMPSON also hoped the resolutions would
be adopted without amendment, for the reason that
since all these daiies report proceedings it was
due TO the members of the body TO furnish them
with the means of seeing how they are reported
It frequently occurred, that members were mac
curatey reported, and they might be injured IN TINS
way, if left without the knowledge OF all these re-
ports For himself it was of more importance 10
him TO be correctly reported in American paper,
than in q Democratic paper. He therefore hoped
that copy of every daily paper in the city would
he laid on our desks at the expense of the State
As 10 the expense, he considered that any constl-
that would hesitate about that would be I'M
worthy of representation mere.
Mr. NEWMAN proposed to amend the amendment
nv substitutinr-a copy of the Democratic paper,
and of the two Know Nothing dailies
Mr. EWING would like TO know what was intended
BY the Know Nothing papers.
Mr. NEWMAN The Banner and the Patr'ot are
Know Nothing papers.
Mr. WHITE of Knox was IN favor OF the resoiu,
ton, and hoped there was cordially enough on all
sides to adopt it.
Mr. NEWMAN'S amendment to the amendment
was rejected.
The question recurring on Mr. Johnson's amend
ment, he demanded the yeas and nays thereon,
and the being ordered and taken resultea-yeas
80, nays 81.
So the amendment was adopted
Mr. WILLIAMS now moved that the resolutions as
amended be laid on the table-he made the motion
with the view, that every member ought to furnish
himself with newspapers. E.-'t
The motion was rejected.
Mr. KENDRICK proposed to amend, by adding