Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-11-18

clearly demonstrates the insuficisncy and unrelia-
blity of the papes system currency therefore,
We here pledge ourselves 70 unite best energies,
and exercise our best efforts to abolish By gradual
process a system alike diseredtabla TO our egisla-
ton and destructive Of every private and public in
terest Of our people.
RssolDsd That while We may not be able to pre-
serve in perfect simplicity aad fact the wise plan Of
currency devised by the illuslrious trainers Of cur
State and Federal Constitutions which al good and
true men ought to regard a sacred duty to cherish,
yet We viii never be content with less than placing
a Constitutional disability upon our Legislature to
charter Banks without first having obtained ma
Oriy Of legal votes in the State in favor Of such
charter.
ResolDed, That the Free Banking system Of 1872
is founded upon incorrect policy principle; that
It has proven failure. disastrous 70 the country,
and merits the unqualified and unmltgated disap-
probation and condemnation o. every coed snd true
citizen; and that all Banks chartered under that
system which havenot complied strictly with the letter
and spirit Of the sw should be a. once placed unaer
process OF liquidation and their affairs pc Wonhd up
soon a. compatible with the public interest and
public safety.
ResolUed, That in the opinion Of this meeting
Banks we're not Instituted for the benefit Of the great
agricultural mechanical and industrial interests Of
our country, but on the contrary, nave ever been
used by spectators and sharpers, men Of false cred
end fictitious capital TO the un7aTyug detTlment Of
those great and substantial interests upon which the
pillars Of successful and prosperous government
must rest for its support, and consequently FOR
no other reason ought to be abolished
After an interesting and full discussion, the reso-
buttons were adopted by a decided majority.
E C CRISP, President
THos SMITH, Secretary.
From the Union and American, Sept. %.
Democratic Meeting.
respectable number Of Intelligent Democrats
/ from various portions of the State, assembled
at the Capitol on yesterday for the purpose Of con
sulting and comparing views on the subject Of
| currency. The meeting primary in its char
aeter. and only intended rs a consultation Of
friends with a view to the general harmony of the
party. DR.. SAMUEL Moore, Of Hickman acted as
| Chairman Of the meeting, and H. L. Claiborne o.
| Davidson, az Secretary. We were highly graGfeC
/ with the good feeling and spirit Of Cancellation
which pervaded the great body Of the meeting, auC
especially with the well timed and humorous Tt
marks Of our old friend from Hawkins After q full
and fair comparison Of We've, the following repor
was adopted embodying the sense of majorit,
Of the NEE ing. Il is moderate and conservative il
tone, and We doubt not win meet the general scqui
escence Of our party throughout the State;
The committee have agreed to the following prop
ositions for the adoption of the meeting:
/. That il would be unWise policy TO re-charte
any Of the existing Banks.
2 That such reforms should be made in our cur
renoy during the existence Of the present Banks q
viii insure a sound circulating medium, convertibl
a. all times into gold and silver
3. That the several Banks as their RESPECTIVE
charters shall expire, should go cut Of existence
and such steps should be taken, consistently wit
the public interest, will secure the liquidation
the Bank Of Tennessee at the expiration Of it
charter. s. A. SMITH
| AEDREW JOHNSON.
| A Q. 2. NICHOLSON.
| EDWIB A. KREBLE.
| JOHN K. HOWARD.
COmHalttes