Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-11-11

hold the fetters on the State Bank; have got hei
tied and intend to hold the shaekes UPON hef! l
you do, do not go with you aron that The sur
renaer OF principle. Is iI You had as we'll talk
about this traitor Brown and say that Gov Wise
surrendered great principle by not having him ex
eeutec for hwitn. Why policy ard bumsnity eicta-
ted TIE com sc that has been pursued. Now when
the State Bank c0mes up here aud says NY enc
mics, the Unioo and Planters Baak-, wont aece pt
| your restrictions. and desire they may be taken
on me- you will say, Hold the shackles and feters
upon her. Gentlemen, we ought to do justice
though the heavens fall What would YOU think Of
law that would operate upon one portion Of the
| community, and not upon all? Suppose your Leg
islature should pass stringent Law and IL only ope
rate upon one half the community, would not CON-
mon sense, would not justice, would not equality
all dictate that though all laws were correct M in
cpe, we should do justes to ali aud make il equal
that We should suspend the operation upon those
1t is operating injuriousy make tis principle
apply to al
But Mr.. Speaker, am told another thing, aud
the argument will come up here that Cave Johnson,
at the head Of this bank Mr.. Morton and the
Directors are going cut OF office in January that
there is new Board coming in and that taey do
not desire this thing. But before 1 come to the
point have nov in my mind l might ask what in
terest has Cave johnson and the cid Directors, in
the Bank Of Tennessee hat they should want these
restrictions taken OF? Are they stockholders?
Have they any interest there? Are they not GERS
getting stipulated sslaryi What interest is it TO
that venerable and aged veteran, who has nearly
lived bis three score years and ten-what motive
would Cave johnson have to practice fraud upon
the Legislature OF Tennessee, by saying that if you
enforce this counter note system the Bank Of rem
nessee must 60 down under it Il would not bene-
ut Mr. johnson one picsyune. He tells you the
Bank would be wound up unless the counter mole
q Il Mr. diEaU will
in politics, bYt God forbid that on that accouot
should discredt any statement he may make. He
tells you that unless these eters pulled off the
Bank can afford iae people facilities for the
moval to market Of their commodities. WHAT inter
est have these men to misrepresent this matter
"Uhi we'll, bat says one, s'here comes in the in
coming administration" / know that is the pow
erful argument; and | have heard sOEs Democrats
say :" II these gentlemen want il will for il 4"
can tell you gentlemen they want it. l have not
seen them all: bu. have seen Granville z. Smith
just this morning. and have seen old Sam. Ander-
son, land better man never made By the Old
MASTERY and they authorized me to say to you In
my speech to-day, if l made one here that this rt
striction must be taken of the State Bank, aad if
not it would have to be wound up. Now you have
60; it Put it down, Mr.. Reporter, say they author
lied me to say 30. Here comes gentlemen CT fine
minds, sir, who understand the finances of the
country, who have examined all this system and its
might almost sS Nell be wound up at once unless
you remove this counter note restriction. II you
want TO Windit up, Democrats dOso and if you don't
come up and aid her, the responsibility is upon you
out nay skirts shall be clear
Mr.. Speaker, | an not msa to surrender a
principle. l have been Democrat ever since /
was old enough to be anything. have always been
q Virginia Democrat, and Tennessee, Sumner
county Democrat. l represent q people Who are |
Representatives say so, but mean
30. 1 represent an urterrifed Democracy TO about
the tune Of about l,S00 Democrats. Old Trousdale
lives up there, and Jo. Guild, and they are /
just as good Democrats as ever lived. | do not |
know that am representing their views upon this |
subject, but am perfectly willing to risk it and 60
before them. am not a man to surrender princi-.
Piles, l am Democrat in principle, and believe |
that the perpetHstion of this glorious Union de- |
pends upon the success of Democratic principles, !
Destroy the Democratic party and you destroy the
last beacon hope Of liberty. But still other satle
men may be as honest and patriotic as l am and |
hose on the other SIDE of the House may believe
hat the success Of this little wing of the Opposi
lion party In the South e4n do wonders,
will say just here, that it is great misfortune
hat the currency question was ever taken up by
either party in Tennessee. Is has nothing TO do
With great national Democratic principles. And
let me Say to my Democratic brethren who are here
hat it WON'T DO 10 turn opt every nan who doHt
happen to sgFee With rs 4pon local quest9ns.
When you come to the great battle in which the
liberty Of millions of huAsn beings is involved you
will End them great acquisition IN the Democratic
-anks-you will And them doing battle for the great
party Of the country. For heavens slke let Us all
have little more charity, II cannot agree with
ny brother Democrat upon local measure, can
meet him upon great national princiPesi and a.
though be may differ with ne about tha conduct of
he Bank Of Tennessee that question is nol thought
of or known outside of the State Of Tennessee.
r.s.I.4 A Il,
This is question that you ought 20 feel deep and
sbding interest in. 1t is question that ought to
p discussed. If ara wrong in my idea of it, !
I'm honestly So. Your party is ss much committed.
o the counter note system as ny party; do not
egsrd it that you are surrendeFlng cherished
principle Of your party; l do not regard il
hst you are or that ] am, Upon the count
n note system, the simpls proposition Is, Are you
n favor of putting all banks upon an equality
IRE you willing for your bank to put on equal
ty with the Union and Planters Banks? Are ycu
yiliing to do justice to sli Do not the Union snd
'lsnter's Banks announce formally and officially
bat they will not sod cannot accept of these re-
trictiOnsi Will you then hold il and bind it upon
he Sste Bank? Will you not suspend the opera
ion Of this system, aud put her upon equality
With the Union and Planters Banks Did you ever
lear of man going before the people who did not
lsclsre himself upon the great platform of eq lali
y? Is that not just? Is there auythilg wrsng 10
/ |
my injustice in il If not, do it, / d. lot
egsrd j. as surrendering principle. l thiak
can 60 before any enlightened n tltuency
N earth and say hem. 'Gen lemeP L am for
he principle of equality; here is the Union aud
Planters Bank that will not accsp of these res rie
ions sBd here is tn Sta Bank that is compel ID
o. she can acc nm ,date your great Ag ieul uraC
md Mechanical intsFests, aud We did Luspeni be
peration of the pouatsr-nOte system for The puc
,Ose Of meeting the wants Of our peopl"-fOr De
purpose of enabling the S ate Bans to afford faeil
ties to transmit to market commercial neoaani-
sl aud ageculluIal interests Il is a q, simple
proposition, and proposition that seems to me t.
'e clear and satisfactory to my mind, and am not
urrendering principle | hope.
have been regarded, Mr.. Speaker, q soft
Democrat, do not care whether sou call Inc soft
II hard; it is MINISTERIAL where you locate me.
Vhen come to make known my views | will try to
10 it as inIeligently | can. Hard nor soft never
ntered into my mind upon this question Ithink
-ou egard the Opposition men sOft--very soft
think the whole Opposition party in Tennessee
Tas regarded as soft in the last thought
ohm Netherlsnd, on every stump in Tennessee, adj
ocsted the eounter-note system. Sir, | can't see
be point-I can't bring my mind to the conclusion
hat am hard or soft, when considering the pro-
cs ton uader discus sion. Whether a man intend it
g an edium or o compliment, know not and care
esq. know l want TO do right in this matter in
be sight Of high Heaven. How do you regard old
Jam. Anderson, down here My friend from Da-
-dsOn-the JUNIOR member Mr.. Eastl the other day
cad an article upon Tom. BOyers saying that be
vas the hardest man he read Of. Why, Tom
3Oyers, of these newly elected Directors Of the
;tate Bank says to me "Relievs the State Back
# her fetters unbind her aud take of her shaekles
md We her an equal chance with other Banks"
md Ghat is the opinion Of every Bank Director |
lsVe heard from, -rt-
Now gentlemen Wsnt to call your attention to
ome important facts in this matter. 1t is charged
has the Sfste Bank is the bsntling of the Demo-
ratio party--that the Bank is now the great pet
With the party Nov, gentlemen, will ssy if l
InoW myself in this matter have kntipstby to
my Get Of men in any particular bank: would not
10 the Union Hcr Planters Bank Injustice. take
for granted that the State Bank is peculiarly ne
reature Of this Legislature, aud she is emph
y the peoples bank. Now, what are the operations
4 this eounternote system? Tte net profits Of the
State Bank for the year ending the LIST Of July,
1853, were $423, ,504.4l, aud for the year ending
IuIy !, 1889, $225, ,5497e. Can you account for
hat difereneel Don't you see it is the counter note
ystem operating upon the State Blnkl Although
was not member of the last Legislature know
be counter-note system did not go into operation
,nly since last September, but know the Bank has
,een preparing for it and been forGfyng itself for
September 1859. They had to prepare for the e1un-
er-noe system ami they have doue it. They h Ive
ost over 400 QUO to the people. and Yith these