Daily Nashville patriot. [volume] (Nashville, Tenn.) 1857-1858, 1858-01-13

- SENATE. =
TUESDAY, Jan. IL, 1853.
PETITIONS.
Mr. Goodpasture presented a petition from GER
tain citz,ns of Scott county, praying to be attach
ed to Morgan county.
s. Migan for lands ceeded to the United States by
North Carolina
Mr.. Goodpasture, to change the line between
the equities of Morgan and Scott. Ref rred.
On morton of Mr.. Golf, House bill fo- the relisf
of Anna Maria McNairy was taken up and passed
the first time.
Mr. HsiskeIl introduced bill to amend the law
in relation to the puuishmert of slaves. Referred
Also 10 provide for the return of free negroes to
this State. Referred.
aiso. to preserve the purity of elections. Re-
ferred-
Josanh s. NiIissn in relation to Ian coded to the
United States by the State of North Carolina. and
apponsing commissioners to examine the title of
said N lisan to said lands.
On motion of Mr.. Heiskell, House bill for the
bene6t of Morristown Female Academy, in JEFF r
son county, was taken up and passed the first time
On motion of Mr.. Travis the Senate took up the
Bank Bill, known the conference bil' Tor the
purpose of considering House amendments thereto.
Mr. Buen moved to non-concur in the first
amendment striking out TIE first OF July and ill.,
ton of specie payment by the banks
Mr. Whitthorne hoped that the gentem from
Greene (Nr. Bullen,) would withhold his motion, as
be desired to move a non>concurrence In all of
House amendments, that committee of con-
ference may be raised in the event that the House
refused TO recede and that thus the bill might be
put in a shape in which it would pass both Houses.
Mr. Harris desired to offer amendment provi-
ding fer the immediate resumption OF specie pay
ment by the banks, as the cause for suspension
pnA hxtb .hak
of New York and New Orleans, and that all banks
which do not resume shall forfeit their charters.
Mr.. Ross moved to amend the bill by providing
tn Z the banks resume specie payment on all not 9
of FIVE dollars and under the first day of July
next and notes OF all denominations on the first
day of January, 1859.
After some discussion upon the amendment of
Mr.. Ross,
Mr.. Bulen moved to lay the amendment of the
Senator from Henderson the table, which failed,
and the question recurring on the amendment it
adopted.
Mr. Whitthorne moved to strike out January,
1859, and insert September, 1858.
MIR. Harris moved to amend by inserting the lst
of February next. Withdrawn.
The amendment of Mr.. Whitthorne, was reject
The first amendment of the House to the bill,
was non-concurred images 10 noes IA.
The second amendment of the House in relation
TO paying out the notes OF the banks of other States
by the Tennessee Banks, coming I'D.
Mr.. Travis moved to amend, by attaching pen
atty to the violation of this provision.
Mr.. Burcb, (Mr. Jones in the chair,) moved to
amend House amendment by striking out all after
the words this act'' and inserting the following:
NO bank, agent, person or corporation, licensed
or Chartered TO do banking or brokerage BUSH
ness, shall be permitted to pay out for circulation,
the note oil any corporation or association OF in-
divduals, which has not been chartered by the
At tol. ftnr of hyo nFnu piston
shall be misdemeanor and any person or corpo~
ration convicted thereof, shall be fined not less
than five hundred dollars, and rot more than
two thousand dollars"
The amendment of Mr.. Burch was concurred
in.
The third House amendment alowin the State
Bank TO pay out the notes of its branches, mons
concurred in.
The fourth amendment, which permits the Free
Banks to wind up their affairs, by Withdrawing
their circulation and redeeming their bones depos.
tied with the Comptroller, to amount equal to
the amount OF notes redeemed, was amended as
follows, on motion of Mr.. Heske: "Provided,
that bank which has failed to deposite the sec
ond call Of 10 per cent additional bonds, shall with
draw more than 80 per cent in bonds of the amount
of notes Withdrawn from circulation and deposit
ed with the Comptroller"
House amendment, No. 5, in relation to reap
porioning the capital of the State Bank, among
her branches, was taken up.
Mr.. Whitthorne moved to strike out as follows:
"ProUided, such re-apportionment shall not take
place until the stocks of the State in the Union and
Planters Banks transferred to the State Of Tennes
see is sold and its proceeds received, but'-and tn
nsert,-" Provided ftther that whenever the stock
of the State in the Union and Planters Banks is
sold, the proceeds thereof is in any manner re-
allied by the Bank of Tennessee the same shall be
divided and spportoned among the branches Of
said bank, according the proportion directed to
he observed by said Bank in dividing her original
capital n The amendment was adopted.
SIR. McDougal moved to amend the seventh Sec
ton by provi ing that all the banks in the State
shall be- authorized pay out the notes of the
Bank of Tennessee and branches,
Mr.. Names moved TO amend the amendments by
providing that the suspended banks sccept it a
portion of their charters, which was lost.
md the amendment of Mr.. McDougal, was then
adopted.
Bauk shalP-in the seventh section be strike n
out, and insert, 'the Bank of Tennessee and
branches shall pay out each others notes." which
was adopted.
Mr.. Burch, (Mr. Bulien in the chair } took ground
agans: the House proviso to the seventh section.
lie introduced the counter, note provision into the
original bill and thought it worth more than sll the
rest. 1t il true he voted against the bill after the
counter, note provision was adopted because there
were insurmountable objections the bill 10 9th
sections. He could in NO event surrender the
counter, note proposition.
he question being taken concurriug the
seventh section amended, il WIS re jected.
The bill ives ordered to be imm ediately transmit
ted to the House.
Adjourned till o'clock.