Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-06-02

plough, and the last horse in the hands Of the far
ner, and the last set Of mechanic tools in the hands
pf the mschsnio.
2. That Col NETHERLAND, notwithstanding his
unfFieadiy legislation towards the aboring classes,
voted to exempt from taxation the capital Of the
shaver and the pleasure carriages Of the rich.
3. Thas-nOtWithssanding he voted csuinsf ex-
empting the last hoe and the last plough from ex-
ecutiOn, and voted "a faVor of exempting from
tazsticn the capital Of the shaver and the pleasure
carriages of the richie has advocated IS legis-
laor the widest and most reckless expenditure Of
the public money for the benefit Of private stsocia-
tons and local purposes; such as the donation OF
bonds Of the State to sR Odd Fellows lodge, and |
appropriations from The treasury for the endowment
Of Medical and Law Colleges. @
4. That upon the subject Of banks, he started out
in life, the Eeaious supporter Of Geo, JAcEsos's
entire aRti-bank policy, endorsing 1t in full that
he opposed Che law ekartsring the Planters Bank;
and, as member Of COMMITTEES 10 investigate
ceFtsin charges Of scsndaIous usurPation on the
part Of The Union Bank, reported, among other
things, that q such conduct between individuals
would b stlgnatised as fraudulent and can only be
explained in the present instance, by the we'll es-
tabshed fact that corporations, in their aggregate
capacity, will,fupOn their joint responsibility FREE
ouently commit acts, which, as individuals, they
would blslsh to justify" That the Union Bank has
suspended twice since, refusing to redeem her notes
while continuing to shave che public under an I'M
constitutional provision in her chatter which
authorizes her PhiAdephia stockholders to eztort
of the people Of Tennessee, interest upon money
greater than that sllowed to her own ciszens, and
which if contracted for by farmer or mechanic,
would be declared usurious by our COURTS and yet
| Col EEFHERL4ND has turned about and is now the
bank candidate for Governor, endeavoring TO SECURE
the re-chsrter Of the same Union End Planters
Banks.
g. That COL NETHERLAKD artfally endeayors to
shield ell the odious features Of these charters by
the subterfuge Of "prOper restrictiOns;" which is
without meaning, unless interpreted by the policy
he favored on this subject when last member Of
the Legislature That he then voted (l85l-2) to
iasssass the number Of banks in the State That
| he aided in ohartering the Citizens Bank, which
charter may be taken az q specimen Of the "proper
rsstrictihOs" he would throw around such institu-
tons, and under which the people have been made
to lose from 40 to go cents OH the dollar. That
he voted against every proposition Ito make the in
dividuAl property of Bankers liable to the innocent
holders of their notes, who scattered over the
country and have no means Of protecting them
selves; but voted fapor Of giving such protection
to the wealthy depOsitOrs, who generally reside in
towns and cities convenient to the banks, and are
generally the best advised Of the condition Of these
institutions, and consequently the less exposed to
loss.
6. That, while Col. NETHERLAND has opposed ex-
empting from execution in the hands Of the farmer
or mechanic, who may be the head of family, such
implements Of industry as absolutely necessary
to their support and while he hasoppOsed the policy
Of making the owners of the banks individually liable
for faithful redemption of their notes, aad is in
sistng upon the Fe-charter Of those institutions he
declares his hostility to the just and reasonable
proposition Of Gov. HARRIS to retain in the hands
of the people-as is already the case in New York,
Pennsylvania and several other ststes--the power
to alter, amend or repeal those private, privileged
and speculative charters of incorporation whenever
they SO abuse their trusts to in conflict with
the public good. Col. NETHERLANB recognises the
right and under certain circumstances the duty, of
the Legislature TO take from the man of scanty
mebuS Tue lasL uOet Inc LASb plOuRu anu tn6 1851
horse left him with which to support his family but
he is unwilling that the same Legislature should
possess the power to amend repeal the charter Of
bank, whose dishonest conduct may hsve defraud-
ed this very man of portion of the means upon
which he was relying to pay his debts.
Z. That these same bank charters which Col.
NErHERLAND is endeavOring 10 havere enacted, are
for the benefit of their Phiadelphia stockholders,
whose own State refuses to grant such charters
without retaining in the hands of the people the
power to alter or repeal them. Tat, while our
constitution expressly provides that "the rate Of
interest, established by the Legislature, shall be
equal and uniform throughout the State these same
charters grant TO these same Philadelphis stock
holders the authority to exact and receive as interest
for money loaned on notes having as many as nine
ty days to run seuen per cent? and on those having
more than six months to run, eight per cent, and
upon those made payable out of the State ga rea-
sOnable premium for exchange" in addition; while
if one of our own citizens demands more than six
per cent under an express contract it is declared
usurious by the courts and cannot be collected.
8. That Col NETBERLAED, as a member CT the
Legislature, has been steadily opposed to the policy
adopted by that body to prevent the increase Of
free negroes in this State and voted to repeal SO
much of the act Of 1881, concerning free persons
of color as requires the emancipation of slaves to
remove them without the limits of the State"
9. That Col. NETHERLAED, while seeking to make
capital for himself and party out of the unfounded
charge of extravaganza against the present admia-
istrstion makes allusion to the startling fact,
shown by the books in the Treasurer's and Comp
trOers offices, that the expenditures Of our State
government, from 1889 to 1867, during all of which
time with the single exception of 1916, the 0ppo-
stion have had control Of the Legislature have
gone from $492 1861 up to 81 500, o. showing
that for the two years ending October, 1858, the
disbursements from our State treasury were more
than three times greater than for the year ending Oc
tOber, 1889. ......-...
TO- That Col. NETHERLAND further fails to tell the
people that the State tax which they had to pay in
1910 was but fire cents on the 800, and 123 cents
poll tax, and that under Opposition legislation it had
gradually increased, until in 1857 it reached four
teen cents on the $780, and SO cents poll tax: with
bankrupt treasury to say nothing of the stsalagss
Of Burton & Co. ass aa. .#.-.r
Now these are faets--stsrtling facts-facts having
an immediate bearing on the canyass-facts upon
/ al hay IN