Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-01-28

In Senate, 9th, the committee in conference on
the Bank Bill, reported that they had come to an
agreement on the matters of difference. They re-
commend that the bin should provide forthe resumP-
ton Of specie payment on the first day Of November
1853 and that the counter note proposition
should take effect on the first day Of September
1853 The report was concurred in and ordered to
be Immediately transmitted to the House Of Repre-
sentatives.
Afr Roach entered protest against the action of
the Senate in adopting under the operation Of the
previous question, the resolution insructing our
Congressman to vote for the admission Of Kansas
under the LecomPton constitution.
In the House, Mr.. NEwwAN's proposition to amend
the Constitution in regard banks, NC, was passed
the first reading-yeas A, nays %.
Mr.. BENrLT has a BILL No. All, to suspend the
execution laws, in the following terms:
WHEREAS, The pecuniary deraugmeutin our com
mercial affairs has resulted in producing the sus-
pension Of s the banks In this State; and whereas.
the peCuniary embarras snent Of the people result
ing from wild and extravagaut schemes of speCula-
ton entered into during the expansion of said
banks causing every species Of property to advance
far beyond tic intrinsic value. and whereas the
contraction Of the circulation Of this currency by
the banks has been for the last few months, and still
continues be such, the people are left without
a circulating medium; and whereas, the most ruin
Gus consequences aud sacrifices of property viii
inevitably take place, unless some aid and assistance
be rendered; and whereas, the people have as good
right as the banks TO suspend payments therefore
SECTION /. Be % enacted BIZ the General Assslqliv
Of the State Of Tennessee That all executions found
ed upon Judgment or decree in any Of the courts Of
this State shall be suspended and stayed for twelve
calendar months from and after the passage Of this
act.
SEC. 2 Bst further enacted, That the provisions
Of this act shall not extend those who remove from
the county in which they may reside, nor those
who may be IN any way conveying trauducntly, or |
seeking TO evade the payment of their debts.
SEC. 3. Be u further enacted That any person, |
or persons wishing to avail himself themselves Of
the benefit Of the first section of this act shall give
good and sufficient security, as stayors tOcZecuun
10 secure the faithful payment OF the Judgment or
judgments to the plaintiff or plaintiffs at the eEpi
ration Of twelve calendar months.
Why cumbereth IL the records
Mr. RowLEs from the Committee Of Conference on /
the disagreeing votes on amendments to the Bank /
BILL submitted the following report.
]. That the first section be so amended as 10 fix /
the FIRST day Of November, 1888, as the day Of re-
sumption of specie payments.
2. That the Senate amendment and House amend
ment in reference to paying out and circulating
notes Of corporations of other States be so /
amended 20 read, after the words 'No bank" in |
4 I
person. or corporation, licensed or chartered TO do
& banking or brokerage business in this State shall
be permitted 10 pay for circulation the notes of
any corporation or association OF individuals which
has not been chartered by the State of Tennessee:
q violation Of this provision shall be misdemeanyr
aud any person, aforesaid, OF corporation, COM
yioled thereof shall be fined not less than $780,
more than $1,000"
g. After the words ''Or branches in the 10th line
Of the first section insert and read follows:
'and then only as provided in the th section Of this
8ct"
d. And in the eth section, after striking ont the
House amendment insert in lieu thereof the follow
ng, after the words "paid OUT " But no such
bank or branch bank in this State shall be under
sgal obligation comply with the foregoing provi-
non Of this section until the FIRST day of september,
S59,-from and after which time they shall strictly
conform thereto: provided that nothing herein con-
aimed shall be construed to prevent any parent
,ank from signing, filling up, and negotiating notes
Intended for circulation and payable at their
ranches, to whom said notes may be RENTED for
irCulstiOR."
A Senate message announced the concurrence Of
hat body in this report.