Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1858-03-16
Bank Discussion.


We have been requested to publish
the following parts of the discussion, which /
occurred in the House of Representatives,
pending the debate on the Bank question,
on Friday and Saturday last. On the propo-
sition to remove the Branch of the Bank of
Tennessee, from Columbia to Lawrenceburg:
Mr.. KsNDRIcx said. Mr.. Speaker:-It is
well known, that | am in favor of the origi-
nal proposition to increase the capital of the
State Bank and the number of branches, for
the purpose of accommodating the people of
the State during the present crisis. 1t is nee
-essary, however, upon this occa /
should explain my position in regard to the
amendment now pending before l give my
vote have no antipathy to the people of
Columbia or Maury county, but / respect
them. in fact some of them, have the warm
est attachment for; but when | see the Repre-
sentative from Maury, Williamson and Lewis,
exhibiting such enmity, hate and malice, to-
wards all banks, am constrained to vote to
take away the Branch from his town. 1t is
we'll known that on yesterday, / introduced
proposition to establish a Branch Bank at
Lawrenceburg with capital of Sl5O.O00. l
did this from the considerations that the peo-
pie were in need of a greater circulation than
they have, and that the same would be con-
venent to the people of the county repre-
sent, and several other counties that frequent
| ly need banking facilities and accommoda-
tons. | was fully satisfied could not get it
for my county, and merely desired that it be
more convenient than at present What does
Mr. Thompson say and endorse9 That all
banking 80 ab into, l,ro er necessiate rei' are
swindling. thieving concerns. Of course then
| Mr.. Speaker, all bankers if they understand
their business are swindlers. Therefore. l
suppose the gentleman is unwilling to have
such men and such an institution amongst
his people. as the same might corrupt their
integrity, morals and religion. / am in favor
| of protecting their integrity, morals, and es-
pecially their religion. The gentleman from
Lawrence, however, is willing to take the
Branch Bank at his town, and risk the conse-
qnences, therefore, | am for it. | am unwil-
ling to affiict the gentlemen from Maury,
Williamson and Lewis and his clever constit-
uents with such an institution any longer.
But, Mr.. Speaker. Mr.. Thopmson says that
told him that | favored this because | could
get one or two votes for the original propose
ton by it. / may have said so, but if | did
it was only speaking of it privately and for
amusement, which the gentleman, if | under
stand parliamentary rules and courtesy, had
no right to speak of in public debate; but as
he has seen proper to do SOL wish to say. that he
has said to me, and others upon this floor, that
be would vote for the proposition to remove
, | the brlnCn from COluIlDld NHeueNeT pIeSSuI
ed. Now / want to see him do so, and re-
deem his pledge. / vote for the removal.
On the proposition to re-charter the Union
and Planters Banks, Mr.. NEWMAN offered an
amendment that the said Banks shall not issue
more than one dollar for every dollar of CAPT
tai.
Mr.. NEWMAN said that he was opposed to all
banks, in favor of winding them up, and come
to a metallic currency at once.
Mr.. KINDRICK wished to ask him question
, Do you say, you are in favor of winding W
the banks?
Mr.. NEWMAN. | do say so.
Mr.. KENDRICK. Why has not the gentleman
from Franklin introduced a proposition during
this long session to wind up the State. anc
other banks?
Mr.. NEWMAN. | introduced a resolution t.
} so amend the constitution that the people
should decide whether they will hereafter have
, any banks. Is the gentleman answered?
Mr.. KENDRICK. | am not. Does the gentle
man from Franklin pretend to know whether
: the people of Tennessee would vote for banks
f or against them? That docs not meet my
question. That would be the creating of new
banks, and not winding up the present. L
the gentleman is opposed to banks, and de
J sires to wind them up, as they now exist, why
not carry out his professions to the country
by direct proposition to wind them up. Nc
gentleman has done this during the session.