Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-01-07
THE sENATEs BILL ON BANKS as AMENDED
BY THE HOUSE


his subject We are sure that our friends cannot
and that they will justly and proper
y appreciate the motives which actuate Us, and the
deep and earnest anxiety which we have all along /
oppressed and which still impels US in reference to
The action that may be had upon this subject. None
other Of equal Importance has commanded legisla /
tive action for many years past and it may be many
long years in the future eer another opportunity
presents itself favorable for affecting certain
reforms SO much needed in our banking system.
These are not for the first time seen and felt. BuI
owing to the prevailing opinion that there was 10
constitutional remedy for the evils Of Our -ys,n,
whatever they we're, so long as the banks continued
TO redeem their notes in specie, they have been al
lowed skill TO degrade it, TO impair our currency
and TO agyrquats the financial difficulties in which we
shaluo doubt from time time still be involved by the
eztrayagance and reckless enterprise Of the Ameri-
can people. whether we have banks Of issue OF not,
an in despite Of any restraints which it is prsctica
bic to impose under existing circumstances.
With an earnest desire to cooperate with the
friends of reform, we have carefully, and with full
sense Of sH the responsibility which rests upon US
considered this bill in all its parts Our general
conclusions and views upon the subject Of currency
bank reforms, &c. and in fact upon this bin, have
been already announced. May we not, without
offence. venture few further suggestions in refer
euce to details, especially because we know that IL
the main, we are agreed with our friends as TO the
great and ultimate object which all are so earnestly
Ies.rous Of accomplishing.
II too often happens in legislation that uaimpor-
taut details engross cur attention, and divide the
strength Of those who ought 20 move in solid body.
i is ofthe highest importance 10 success in all great
undertakings to remove if possible, al minor OBJ
stacles from view, and bend all energies to
migiuer dificulties; and in legislation, where q
great object is aimed at to separate the important
from the unimporant the essential from the MONIES
seutaL And Ibis lies the great struggle especial
" upon subjects which assume Tom whatever
cause a party character. The friends Of the bill
aim to harmonic upon some great leading idea;
Waile the opponents eudeavOr TO defeat this harmo-
ny by every species Of amendment, calculated to
distract an divide its friends, and thus finally to
defeat the bill
Letus eudeavor to make this separation Of essen
tials from non essentials; those things which, how
ever right and proper in themselves, only Of q
temporary character in their operation, and those
which are enduring, and must affect the groundwOrE
of the system so long as the charters of0ur banks szst
T. we cannot agree upon those Of the lesser import
SAGE, lsts11 Jssst aside entirely, and let march ii
undivided column to the accomplishment Of the
greater and important object keeping this always
in view looking neither to the rightnor the left nor
on any account suffering cur attention to be diverted
by those minor details, which, even though right,
IN ght parvert all our lab0rs by their ine0ugrui.y
TN other parts Of the bill and finally defeat all our
wsI meant efforts.
With this view, we propose tomorrow to aualize
this BILL and divide the essentials from the non es-
s.rrials with the hope that we may yet avoid the
dlaeers which the House amendments would bring
upon us.
FURTHER PABTICULABsO OF THE REVOLUTION
IL MEXICO.
photographs accounts Of the revolution In Mezi
co are confirmed by the details published in the
New Orleans P.cgygls. The new constitution has
been overturned and done away with forever; the
federal councils have been broken up and dispersed
and Com0ntort declared sole and absolute dictator,
with powers to call an extraordinary Congress. The
g.ryanr says:
The only t0rewarnug the Congress or the people
haauf the contemplate 0vertum was, with mos uu-
exempted larlIhg0I given Boy Governor BIz hmse f.
the Iay before. That day personally present IN the
Gambler of Deputies, lac made che object OF very
-r ~--fos.-l and numerous CHARGES were ma !,
. t ~ f,- - f-,r= -, p,
rty fa t1.ar be rose in his seal. and sfrrr ras.g
fr- 1ra CONGRESS- I'm general terms .ur their pu,r.
course from The opening OF the Sc sion, openly and
plainly t0.I them that JhaJ was the iast day they
would ever meet IN those chambers for The next they
None. bosever. seem TO have believed him. Bur
.r. next morning 40 u o'clock The roar Of cannon In
me near. s- 'le cry snow Gu ,..5 u was no la..
he ma-- rr..r.d raras car.veri.nrIv = a.iaref nj
Tac.b ,ya. came marching Iu aud Jooa possession Cd.
the cuale. 'arua, and d. her str .ng holds among
"a. o q. 49, ,.-,' qua. ...
secrls r bly, been made: indeed. there. was mo- I'm.
ar ae.i0n ou 'he part oI The opposition Ga ale
contrary the bells o.. the 81 y lunE eu. rockets were
~, Va ., . w ,.I,
proc.ual 70 uladelts Appearance fl ora the Governor
declaring The constitution at an end; investing
tomenioTi with supreme powers conVoAing within
,.s L,. s., ~. .,.,', 10 .ol d
and authorizing Comgutorr. in themeautime. 10 torn
"a council
Al lust accounts All vas 4a'el al the capital aId
, C ,, - ~, -, ~ a.
1911 .. ~ s. 80
-. .....4,l.. ,+. ,5., g-.,-,,... ..4 d.. .
HsI'' -'-'' - ~
Oh "'E l.'''.l .. Va '- lt07'--oN' ''' -sS-
al-,'.-' a gus
Inc -'s- - Jus ~ 'R Az CUT a. va. ~
so--' ID. ." w. ..-' 90 t',--
- IL ... f
was 90 'a.".- ~ ID o'.'- o' ..'.,s al- ~'.-. -.e"
los'.- jus .'' .- 's.o- t1 ''' i' '..,"
I.'... 100 "