Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-11-23
TENNESSEE LEGISLATURE.
HOUSE OF REPRESENTATIVES.
MONDAY, November 21, 1859.
AFTERNOON SESSION,
III AI1Ii4NVOlN DLesNIU-NI
CuANaR op Tur puTrc

HOUSE OF REPRESENTATIVES.
MONDAY, November 81, 1859.
| AFTERNOON SESSION,
cHANGE OF THE RULES.
Mr. Woodard's resolution providing fer the
| reading Of any section of the Code which is pro-
posed to be repealed or changed, in cases where
the same is not set cut in the BILL before raking the
vote on the final passage Of such bill, offered last
Tuesday coming up in order it read and
adopted.
| PRINTING OF PUBLIC DOCUMENTS
Mr.. Vaughan's resolution appointing q select
| committee upon Printing, offered on Wednesday
last coming up in order. it was read
On motion by Mr. WILLIAMS of Hickman, il
was laid on the tatlc-yeas SO, nays Is.
SENATE BILLS ON TEE FIRST READEG.
The following Senate bills we're read the first
| time and passed TO the second reading:
| Senator Hildreth's A. to regulate qualification
Of school teschers-re-enactng the act Of Fe6. 20,
| 1858, chapter IS.
SENATOR Aliens, "a, TO amend section 4691 Of the
| Code.
Senator Psyne's, 81, to encourage the use of pri-
| vate capital.
| Senator Payne's, 81, to incorporate West Ten
| pessee Academy Of Memphis.
Senator Stokes's, 95, to amend section 542 cf
| Code,-sub section 8.
Senator Payne's. 9s, to punish frauds in packing
| cotton and tobacco
1 SENATE BILLS ON SEOOhD hhADiAd-
! The following Senate bills were read the second
time and passed or referred to appropriate commit
| tees:
Senator Horns, 80, to amend Memphis Clsrks-
| ville and Louisville Railroad charter. Committee
| on Internal Improvements recommended passage,
| and il was passed the secord reading.
Senator Stokes, "a, to protect slave property Of
fems eoutrt, and secure rights Of their creditors.
Referred to the Judiciary Committee.
| Senator Woods 40, to incorporate Beersheba
| SPRINGS Company; Ben Lomond Company, in War
rem county; Bon air Springs Company, in the eoun-
| ty of White; Lookout House Company, in Hamilton
| county. and the STAIRS Springs Company, in Nc
| MINI county Referred TO the Committee Pri-
vate IncOrpOratiCns.
| Ssnstor Mupis', SO, to withdraw Bank of Mem-
phis and establish branch Of Bank of Chattanooga
| Committee on Banks recommended passage
Mr. LEA objected to the passage of the bill be-
cause there was no legislative control over or seeu-
Iitv for the ratps Of the Chattanooga Bank.
Mr. BEATY offered an individual liability clause,
| as an amendment
Mr.. FARRELLY said the owners Of the Memphis
Bank would file bond with the Comptroller, pledg-
ing to draw in their notes. end ne ceuld DOT under
stand why il was attempted to apply an lndlSlduaI
| liability clause TO . bank already chartered
Mr.. beatty thought this was nothing more than
tn extend system Of wild est banks, and he would
give no further accommodating to any bank unless
| the stockholders we're individually liable
Mr. BICKNELL was Of opinion thstif the amend
ment pass it would be q nullty, for We cSnRot
amend q charter that has already been granted.
Mr.. PORTER said as there would be no increase
of capital and consequently no increase Of cIrcus-
ton, he could see no sense in adopting the amend
ment.
Mr.. McCABE offered an amendment, that each
stockholder should swear before proper ofcerF that
he is possessed of individual property to the extent
| of his stock
The amendment was rejected.
Mr. CAN'T, in lieu Of the amendment, offered
the following: 'tPropided, that the bonds now de-
posted for the security of the Memphis Bank shall
not be Withdrawn untI the circulation has all been
redeemed and cancelled in the presence Of the
| Comptroler"
MI, TREWHITT said the principle was correct
but he thought the theory cou1 be accomplished
literally, in the case Of the loss of some Of the
notes.
Mr.. CAN'T, by leave, withdrew his amendment
When he offered it, he thought Mr.. Beatty accepted
Of its provisions. but 1t seems there was a misun-
derstanding Between the two, and Mr.. B. would not
Mr.. MARTIN thought neither Of these banks
we're wildcat concerns they both stood firm in the
financial crisis of 1857.
| Mr.. McCABE moved to lay the amendment on
the table.
The motion was rejected by yeas "a, nays 81
Mr.. CAN'T thought the Bauk of Memphis should
| not be Withdrawn; the proposition was to create
| no new bank, but to give another place to bank
already in existence, TO which he was not opposed
The amendment was rejected by yeas 27, nays
| 28-as follows:
Ytas-Messrs Baker, of Perry, Baker, of Weak
| lev, Barksdse, Bsyless Beatty, BrittoD, CoWdsn,
| Crit1, Davidson, Doak, Frazier, JONES' johnson,
| Kennedy Kincaid, Of Anderson, Lea, Lockhart,
| Nsp. Picket. Roberts, Sowell, Treviu, Vaughan,
White. of Dickson, Willisms, of Franklin. Williams,
of Hickman and Speaker WhitthOrne-27.
| Nau-Messrs. Armstrong, Bicknel, Bedsoe
Butler, Chestham, Davis, East, Ewing, Fsrrelly,
| esntt. German, Harris Hsvron, Kenner, Kncaid
J Of Claiborne, Martin, McCabe, Morris, Norman,
Porter, Richardson, Russell, Senter, Shrewsbury,
Trewhitt White, of Davidson, Wisener and Wood
| ard-28
Mr.. CAN'T offered an amendment, IN substance
the same as the one he offered and withdrew, ss
reported above
The amendment was adopted
Mr. VAUGHAN said if the branch were establish
sd IL would be giving additional power 20 the bank
and if this was for evil the effect would be greater
and result in more greVous loss to the bill holder
| Mr. WHITE, of Davidson, regarded this a local
measure, and he would aid any local matter that the
people ofa particular district desired Whenit would
not increase the liability of the State
| Mr. LEA would vote for charter 10 no bank with
ant the proper restrictions being thrown around it.
not if 1t were proposed TO establish one in his
own town.
Mr.. FARRELLY moved to postpone the further
| consideration of the bill till next Friday.
| Mr. CAN'T favored khs amendment, and hoped
the question would be settled now.
| MIR. Speaker WHlTTHORNE, (Nr. Johnson in
the ehair) regarded the establishing of branch
the same as the chsrtering a institution, and
unless the branch proposed would come under such
restrictions would secure TO the people the
demption of their notes, he would be compelled to
vote against its charter
Mr.. TREWHITT did not see how such coDclu-
sion could be arrived at: the establishing Of
branch was for the purpose Of extending further
accommodations to the people.
Mr., L0CKHART offered an amendment providing
that the Bank Of Chatt 'noOgs and its branches
shall be subject 10 all the laws and regulations on
the subject If banks which the Legislature may
from time TO time enact.
Mr.. BICKNELL thought it a useless waste Of
time to bring up questions that have already been
settled in this body and he hoped the bill would
ba allowed TO pass without imposing these restrie-
tions.
Mr. EWING favored the passage Of The bill.
| Mr.. WILLIAMS. of Hickman, wished to max an
example of this as it was solvent ank, and SHOW
ed that the Legislature would tsks stand upon this
subject and hereafter throw restrictions around the
banking system Of Tennessee II we do rot begin
with this reform to day, when viii begin? he was
for the amendment, Notwithstanding the fact thst
if he favored any bank in the State it was the bsnk
of Chattanooga. The amendment he thought was q
beginning point snd he hoped it would be adopted.
An Intellectual motion was made to adjourn-
yeas IL, nays 49,
The motion to postpone was rejected.
| Another Intellectual motion was made to adjourn
yeas IL. nays 40
Mr.. WISENER moved to make the amendment
read regulating banks and banking" instead Of
''on the subject of banks"
Mr.. L0CKHAR accepted Of the amendment.
Still another ineffect1al motion was made to sd-
6 journ-yess 8. nays Sc.
q No quorum voting, call Of the House was de-
manded and ordered. and being taken the clerk
. ported q sbsentees.