Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1858-07-20
From the West Tennessee Democrat.
Peoples Convention.

BOLIVAR, Tenn. July b, 1895.
Pursuant to notice there was large gather
ing of the people of Hardeman county at
the Court House, and on motion the meeting
was organized by the choice CT E. G. Crisp as
Chairman and Thos. r. Smith as Secretary.
W. w. Grey, ESQ, being called upon, explain
ed the object of the meeting to be to ascertain
the sense of the people in regard to the call for
the d opposed Constitut o lal Convention
On motion. the Chairman appointed w. w.
Grey George S. Gibson and John J. Nicely, a
committee to draft resolutions expressive of
the sense of the meeting on the subject pro-
posed, who after retiring reported the follow
ing resolutions :. tt As-- -
LIST. ResolUed By the Convention that our
last Legislature did right in passing an act to
submit the proposition of holding a State
| Convention to change, alter, or amend our
| State Constitution to a vote of the people;
and that in the opinion of this meeting the
holding of such convention is demanded by
the highest and most enduring considerations
of dom site aud public policy.
| I'd. Resolued. That we are unalterably OPP
posed to the principles and policy of State
| Banking; that it is wrong both in theory and
| practice, and violative of the several clauses
| of the Constitution of the United States, which
| declare that no State shall have the power
| "to coin money. emit bills of credit, or pass
| laws imposing the force and obligations of
| contracts" and of that clause of the Consti-
| tuition of the State of Tennessee, which says
that no monOpolies shall be grant, d. and
| hence has only been allowed by the unwise
! and dangerous neglect on the part of our Fe-
| deral and State authorities: and that the his
tory OF Banking in our State for the past few
years, clearly demonstrates the insutliciency
and unreliability of the paper system as Il
currency; therefore we here pledge ourselves
! 10 unite our best energies, and exercise our
best efforts to abolish by gradual process a
system alike discredtable to our legislation
and destructive of every private aud public
interest OF our people.
Sd. Resolted. That while we may not be able
to prese1 in perfect simplicity aud intact the
wise plan of a currency devised by the illus
trious farmers of our State and Federal Con-
situations, which all good and true men ought
to regard sacred duty to cherish, yet We
will never be content with less than placing a
Constitutional disability upon our Legislature
to charter Banks without first having obtain
ed majority of legal votes in the State in
favor of such charter.
4th. Resolved That the Free Banking sys-
TEN of 1872 is founded upon incorrect
policy or principle, that it has proven failure
disastrous to the country, and merits the I'M
qualified and unmitigated disapprobation aud
condemnation of every good and true citizen:
and that all Banks chartered under that sys-
TEN who have not complied strictly with the
letter and spirit of the law, should be at once
placed under process of liquidation and their
affairs be wound up as soon as compatible
with the public interest and public safety.
9Th. ResoIUed, That in the opinion of this
meeting Banks were not instituted for the
benefit of the great agricultural, mechanical
and industrial interests of our country, but
on the contrary have ever been used by specu-
lators and sharpers, men of false credit and
fictitious capital, to the unvarying detriment
OF those great and substantial interests upon
which the pillars of successful aud prosperous
sovernmentmust rest for its support. aud con-
sequently if for no other reason ought to be
abolished.
9th. Besotred, That the policy of giving
State aid extending State credit for the
benefit of railroads, turnpikes, and other
works of internal improvements, has been
carried quite as far as the public safety and a
proper regard for our State credit at home
and abroad will admit, and ought to be
checked Immediately by placing constitu-
tiOnal restriction upon the action of our
future Legislation.
Eth. Resolred, That in the virtue, patriot
ism and Intelligence of our people. there is a
safe and ample securely for every trust, and
that our Secretary and Treasurer of State aud
Chance ry Court Clerks should be ell, It'd by a
popular vote of the people.
After an interesting aud full discussion, the
resolutions we've adopted 10y decided major
ity. a.
On motion, it was resolved to publish the
nCss Democrat. The Convention thea ad-
journed.
E. C. CRISP, President.
THos. r. SMITH, Secretary