Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1859-11-14
TENNESSEE LEGIsIATrHE
S &.
SAruRpAY. Nov. IL. 1853.

CAIuhDAf. NOV. La 1oOS.
Br. Bradford presented petition from
voters aud the Ladies of the town of Dan
dridgs-in regard to Tipping Law. MIR.
Mcclellan presented similar petition from
citizens of Sullivan county. and both petit
tons were referred to the committee ON Tip
ping and Tipping Houses. tt 81 90
Mr. MINIS offered a resolution to create a
joint select committee on the charter OF
banks. Adopted.
h Mr.. Peters a resolution in relation to to-
suspended debt of the Bank of Tennessee
which. with an amendment offered by Mr.
Trimble, was adopted and ordered to be
Transmitted TO the HOUSE.
M. Stokes inirodEced bill to amend sc.
/ ton 2l07 of the Code. so a. to exempt on
Swing Machine from execution Passed frs
reading.
On motion of Mr.. Payne Honse Message
and Resolution from the Lower House will
regard TO payment of inaugural, on expenss 3
was taken up, and concurred in, and ordered
TO he Transmitted. re- - -fs#
y The bill to encourage the use of private
apital having been made the pecial order
tor 10 O'Clock this morning and that hour
, having arrived. the bill wa> taken up and
I read. a. tollows:-
, SECTION L. BE II erGcfed BY The General Is
stsHbiy Of tie Stfe of Tennessee. That hereafter
ali persons and corporations, partnerships
and associations of persons, p ing taxes for
the use OF monry as sbavers or money deal
ers. in accordance with the laws in such cases
made and provided, shall b. hereafl t'r allow d
to receive deposits, issue checks or bills 81
exchange, or discount notes, bills and other
securities: Provided that this Act shall not
b. construed to authorize such prisons. cor
porations, partnerships or associations. 10 is
sue and put in circulation, any instrument or
promise to pay money intended 10 pass as
currency or MONEY.
SECTION 2. BE IL further enacted. That all
laws and parts of laws in conflict with the
foregoing provisions. be and tn. same are
hereby repeal and that this Act take ef-
feet from and alter its passage.
Mr.. Peters offered the following amend
ment TO the first section of the bill
And provided, also. that persons and cor
porations. partnerships and corporations Oi
persons aforesaid, pay out only gold and ~il-
yer or the notes OF the specie paying Banks
of Tennessee.
Mr.. Stokes offered the following amend
meut, in lieu of that offered by Mr.. Pet
Provided further that no such persons,
corporations. partnerships or associations oi
persons shall be permitted TO receive on de-
post or pay out for circulation the note or
notes of any corporation association of in
dividuals which has not been chartered by
th State.
"And provided further, that no such per-
sons, corporations. partnerships or associa-
tions of persons shall discount any nOie, bill
of exchange. or any security for money, made
or executed for the purpose of being sold to
raise money at a greater rate of discount than
at the rate of inter est per annum Tor the sum
of money now fixed by law.
And further provided, that no such per
son, corporation, partnership or association
Of persons shall pay any interest or other
compensation in consideration OF deposits.
And for any violation oil any one of these
provisions such person, corporation. partner
ship, or association of persons shall be liable
20 a peualty of $500 recoverable to any
Court having jurisdiction thereof, one-fourth
to the inicrmer or prosecutor and the other
hree-tourths to the State.
A heightened debate cnsu'd, in which
Messrs. Stokes, Payne, Peters and Trimble
took part
The question :hen being upon the adop
ton of the amendment offered Ivy MIR. Stokes
the vote was taken upon the first SECTION
with the following result: Ayes 8. noes Ia
aud the first section was rejected.
The question was then upon the adoption
of the amendment offered by Mr.. Peters. and
il was reject d. ayes 8. noes IA.
Mr. Stokes then offered the r manning pro-
positions of Ills amendment. Rejected, ayes
10. ,Oes AZ.
TIE question then being upon the second
section OF the amendment offered by Mr..
Stokes. it was r jectrd, ayes g. noes IA.
Mr. Lane offered an amendment which
was adopted. ayes 10. noes ].
The question then being upon the adop-
ton OF The secOud section in the Amendment
off red by Mr.. Stokes, it was adopted. TIL
vote was then taken upon tn passage of the
BIZ amended, with the following result:
Ay.s- NJ ssrs. Boyd. Bumpass' Hunter
Johnson. Lame, Mickey. MINIS. Mcclellan
M,Nelly. Payne. ThompsOn, Wood and
Speaker Newman.-.l3.
NAYS --Messrs. Alien. Bradford, Hildreth
Nash, Peters, Richardson, Stokes and Trimbl,
s.
The Hill was passed. and under supcrvis-
ion OF ruiz, $, OF dered 10 be transmitted to the
House.
BILLS On THIRD READING.
Bill to amend 1897. Of the Code, and passed
on third reading and ordered to be transmit
ted to the House.
Bill TO establish an Office of Discount. De
post and Exchange. with an amendment of
tered 10y Mr.. Peters, was passed third reading
and Transmitted.
bill Ia prevent marriages of first Cousins
was mad, the special order for next Thursday
Bill TO suppress frauds in cotton packing
with an amendment offered by Mr.. Th"mpson
to include "hogsheads or packages of iobac'
CO." passed third reading and ordered to be
transmi ted to the House.
Mr.. PAYNE. Introduced a bill authorizing
the stockholders OF Dandridge Bank tn invest
their capital in the Ococe Bank. Passed first
reading and referred to Bank Committee.
The Senate then adjourned to nine O'clock
to Monday.
HOUSE OF REPRESENTATIVES.