The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1858-01-22

The Senate's Bank Bill winch nau Oeet
amended by the House, came up in the Senate
on the 18th. We subjOin the proceedings
thereon;
On motion of Mr.. Travis the Senate took
up the Bank Bill, known as the "conference
bill" for the purpose of considering House
amendments thereto.
Mr.. Bullen moved to non-cOncur in the
first amendment, striking out the first OF July
aud inserting the first of January, 1869, for
the resumption of specie payment by the
banks.
Mr.. Whitthorre hoped that the gentleman
from Greene (Mr. Bullen) would withhold
his motion, as he desired to move non con
currence in all of House amendments, so that
committee of conference may be raised, in
the event that the House refused 10 recede,
and that thus tie bill might be put in shape
in which it would pass both Houses.
Mr.. Harris desired 10 offer an amendment
providing for the immediate resumption of
specie payment by the banks, as the cause fer
suspension had been removed by the resump-
tion of the banks of New York and New Or
leans, and that all banks which do not resume
shall forfeit their charters.
Mr. Ross moved to amend the bill by pro-
viding that the banks resume specie payment
on all notes of five dollars and under on the
first day of July next, and on notes of all
denominations on the first day of January,
1859.
After some discussion upon the amendment
of Mr.. Ross,
Mr.. Bullen moved to lay the amendment
a.. q h. t,hl
which failed, and the question recurring on
the amendment, it was adopted.
Mr.. Whitthorne moved TO strike out jan
uary, 1859, and insert September, 1858.
Mr. Harris moved to amend by inserting
the LIST of February next. Withdrawn.
The amendment of Mr.. Whlthorne, was
rejected.
The first amendment of the House to the
bill, was non-concnrred in-ayes 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 up.
Mr. Travis moved to amend, by attaching
penalty to the violation of this provision.
Mr. Burch, (Mr. Jones in the chair0 moved
to amend House amendment by striking out
all after the words "this set' and inserting
the following: "No bank, agent, person or
corporation, licensed or chartered to do
banking or brokerage business, shall be per-
mtted to pay out for circulation, the note Of
any corporation or association of individuals,
which has not been chartered by the State of
Tennessee; violation of this provision shall
be misdemeanor, and any person or corpo-
ration convicted thereof, shall be fined not
less than five hundred dollars, and not more
than two thousand dollars"
The amendment of Mr.. Burch was concur
red in.
The third House amendment, allowing the
State Bank to pay out the notes OF its branch
es, was non-cOncurred IN.
The fourth amendment, which permits the
Free Banks to wind up their affairs, by with
drawing their circulation aud redeeming their
bonds deposited with the Comptroller, to an
amount equal to the amount of notes redeem
ed, was amended AS follows, on motion of
Mr.. Heiskell "Prorided, that no bank winch
has failed to deposiie the second call of 10
per cent additional bonds, shall withdraw
more than so per cent in bonds Of the amount
of notes Withdrawn from circulation and de-
posted with the Comptroller"
House amendment, No. 5, 10 relation TO re
apportioning the capital of the State Bank,
among her branches, was taken up.
Mr.. Whitthorne moved to strike out as
follows: "Prouidcd, such re-apportionment
shall not take place until the stocks OF the
State in the Union and Planters Banks, trans
ferred to the State of Tennessee is sold and
its proceeds received, but"-and to insert
u al hat ,hap ha
the State in the Union and Planters Banks
is sold, or the proceeds thereof is in any
manner realized by the Bank of Tennessee,
the same shall be divided and apportioned
among the branches of said bank, according
to the proportion directed to be observed by
said Bank in dividing her original capital."-
The amendment was adopted
Mr.. McDougal moved to amend the sew
enth section by providing that all the banks
in the State shall be authoriz,d d TO pay out
the notes Of the Bank of Tennessee and its
branches.
Mr.. Names moved to amend the amend
ment by providing that the suspended banks
accept il us u portion of their charters, which
was lost.
And the amendment of Mr.. McDougal, was
tneh adopted
Mr.. Heiskel moved that the words "no
parent Bank shall"-in the seventh section
be stricken out, and insert, "the Bank of
Tennessee and branches shall pay out each
others notes." which was adopted.
Mr.. Burch, (Mr. Bullen in the char) took
ground against the House proviso to the sev.
pnth section. He introduced the counter,
note provision into the original bill and
thought it worth more than all the rest. 1t is
true he voted agans, the bill after the coun-
ter, note provision was adopted because there
we're insurmountable objections to the bill in
other sections. He could in no event sur
render the counter, note proposition.
The question being taken on concurrng IN
The seventh section as amended, it was re-
ected.
The bill was ordered TO be immediately
to the House.
WASHINGTON, January l3.-ln the Senate
.o-day the Hon. Jas. r. Dooltte, one OF The
Black Republican members from Wisconsin,
Introduced a resolution extending to Com
n n 4 a. nff IN