Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-11-13

change. or any security for money, made or execut-
ed Tor the purpose OF being sold to raise money, at
greater rate OF discount than at the rate OF inter-
est per annum for the loan of money now fixed by
law; and provided further that no such person, cor
poraton. partnership or association of persons shall
ay any interest other compensation in consider
alton of deposits; and for every violation of any one
OF these provisions, such person. corporation, part
ship or association Of persons shall be liable to
penalty of five hundred dollars, recoverable IN any
Court having jurisdiction thereof, fourth to the
inforner or prosecutor and the other threefourtls
TO the State.
fhe question was discussed at considerable
length by MessIs Payne and Stokes I'VE have full
notes Of their remarks which we shall write out and
publish in Tuesday paper,
Tae question recurring upon the adoption OF Mr..
Stozes' amendment in lieu OF that offered By Mr.
Peters,
me IT.
The question was then taken upon the following
clause OF the amendment
Provided further, that no such person, corpora
toa partnership or association of persons shall be
permitted TO receive deposit pay ont for circu
ation the note or notes of any corporation or asso
oiation of individuals which has not been chartered
by this State.
And it was rejected upoa division, ayes s, noes
10.
The question was then taken upon Mr.. Peters
amendment upon which
! Mr.. STOKELY demanded the ayes and noes, which
were ordered and taken as fellows; se8
! 4alsy-M,,ssrs. Allen. Mcclellan Peters, Richard
! son, Stokes Stokely. Trimble and Woods.
| k0es-Messrs. Boyd, Bradford, Bumnass Hildreth,
| Hunter. johnson Lane, Mickey Minnis, MeNeilly,
! Nash PAYNE. Thompson and Speaker Newman-I4.
So the amendment was Iejecte !.
/ The question was then taken upon the second
clause OF Mr.. Stokes amendment which is as fol-
! lows:
! And uroyiieIfurtller, provided that no such per-
san corporation, partnership association OF per
sons shall discount any note, bill Of exchange or any
security for money, made or executed for the pur-
nose OF being sold to raise money. greater rate
OF discount than at the rate OF interest per annum
| for the loan Of money now fixed by law.
! Mr. BRADFORD demanded the ayes and noes
| which were ordered and taken as follows:
Ages-Messrs. Allen, Bradford, Hildreth Nash,
| Peters, Richardson Stokes, Stokely, Trimble and
| Wo0d-l0.
Noes-Messrs- Boyd, Bumpass, Hunter Johnson
Lane. Mickey. MINIS Mcclellan, McNeilly Payne,
Thompson and Speaker Newman-l2
So the amendment rejected.
| The question was then taken upon the third
clause of Mr.. Stokes amendment, which is as fol-
! lows ::
| And provided further, that no such person, cor
poraton partnership association OF persons shall
pay any interest or other compensation in consider
alton or deposits.
Mr.. Stokes demanded the ayes and noes, which
were ordered and taken as follows
dyes -Messrs Allen. Bradford, Nash Peters, Rich
ardson, Stokes Trimbe and Moods.
Noes -Messrs Boyd, Bumpass, Hildreth, Hunter
Johnson, Lane, Mickey, MINIS, Mcclellan, McNeily,
Payne, Stokey, Thompson and Speaker Newman
| IL
So TIE amendment was rejected
Mr.. LANE offered an amendment to be inserted
after the word repealed in the second section OF
the bill, which was read as follows:
Provided, that no such persons companies or
corporations shall lie allowed to receive deposit
the notes Of any Blink not chartered by this State
Mr.. SfOKELY demanded the ayes and noes, upon
the adoption Of this amendment, which were order
| ed and taken as follows:
Ayes -Messrs. Allen lane, Mcclellan, MeNeily
Payne Peters. Richardson. Stokes Stokely, Thomp-
SPA, Trimble, Wood and Speaker Newman-l3.
AOes-Messrs Boyd Bradford, Bumpass, Hlldreth,
Hunt, T, Johnson. Mickey Minis and Nash-9.
so tue amendment was adopted.
The question was then taken upon the last clause
of MI. Stokes amendment, which reads as follows
And for every violation OF any one of these pro-
visions, such person, corporation, Partnership or
association of persons shall be liable to penalty of
five hundred dollars. recoverable in any Court hav-
ing jurisdiction thereof onefourth to the informer
or prosecutor and the other three-fourths to the
State.
And it was adopted without a division,
The question then recurring upon the passage of
the bill as amended -..-s..
Mr., TRIMBLE made an Intellectual motion to make
the further consideration of the bill the special
dur for Tuesday. the 22d inst. ....
Nv. BRADFORD was in favor of the bill as orig-
nally introduced, but amended he could not sup
port it, and it was due to himself 10 make this
PLANTATION. In his end Of the State, al least two
thirds of the circulating medium consisted of the
notes Of the Banks of Georgia North and South Car
DINA and Virginia and he felt ustifiedin saying that
they were better than the Banks of Tennessee. He
could not therefore, vote fer bill that would de-
prye the business men of his section from using this
currency.
Mr.. LANE was from the same section of the State
as the SenItOr from Jefferson, Mr. Bradford) and he
was prepared to appreciate what he had said IN re
gard to the soundness of the Southern currency If
the Senator would examine the amendment he woud
find that it did not prevent parties paying out the
notes of the Banks OF other States. Its object
to prevent persons doing business under the pFovi
sons of the BILL from receiving on deposit as agents
to pay out and circulate the notes of the Banks of
other States.
The question was then taken upon the bin as
amended, and it passed, ayes - nays g. as follows:
Ages-Messrs. Boyd Bumpass Hunter. johnson,
Lane, Mickey, Minis, Mcclellan, McNeilly, Payne,
Thompson. Wood and Speaker Newman-l3.
NOes-Messrs. Allen, Bradford, Hildreth, Nash,
Peteps. Richardson, Stokes and Trimble-8.
When Mr.. Sto1ely's called, he said he
had paired off with Mr.. Horn, who was in favor of
the bill.
SENATE Bills on SECOND READING.
Nc. TITO amend the charter of the Memphis
City Schools. Passed.
10 a3-Toame the laws on the subject of in
heritance among aliens. Passed.
No 94-Suppemental to section ?, 442 of the |
Code,
The bill in lieu recommended by the Committee !
on the judiciary lprovidng that Clerks of County |
Courts shall NOT issue marriage license to parties,
where the lady is a minor, except with the consent
Of her parent guardian, given IN writing and at
tested BY two witnesses,l was adopted ami then the
bill passed.
No. 95-To amend section SAP of the Code. Passed.
No. 99-'The incorporate the school districts and
to authorize the inhabitants to tax themselves for
school purposes. Passed and referred to the Conn
mittee on Education and Common Schools
SENATE BILLS on THIRD READING.
No. G4-To amend section 46Ol eff the Code
The amendment recommended by the Committee
On the Judiciary was adopted, and then the bill
passed, ayes 10, noes 8, as follows ~
Aye5-NsssTs Allen, Boyd. Hildreth, Hunter
Johnson, Lane Minis, Mcclellan, McNeilly Nash
Payne, Stokes, Thompson Trimble, Wood and Speak
sr Newman-IG.
Noes-Messrs. Bumpass, Peters and Stokey-3.
No. 75-To establish Office of deposit, discount
md exchange at Knoxville. Passed, ayes II, noes
7, as follows:
Ayas-MessTs. Boyd, Hunter, johnson, Lane Min
lis. McNeilly, Nash, Payne, Peters, Thompson, Wood
md Speaker Newnlan-I2
Aoss-Messrs. Allen. Bumpass, Hildreth, McClel-
an. Richardson, Stokes and Trimble-7.
Mr.. PETERS discovered upon reading the bill
while the roll was being called that il allowed the
,artes Incorporated the privilege of establishing
gcncics at any point in the State, and he had voted.
or the bill for the purpose Of moving reconsider
ton, with the view Of having the bill amended in
his particular.
NJ BOYD had no objection to the amendment. 1t :
vas not designed TO transact business at any other
OInt than at Knoxville,
On motion Of Mr.. PETERS, the vote passing the c
ill was recOnsidered.
Mr.. PETERS offered an amenement restricting the h
TO the transaction of their business at
knoxville which was adopted I
The bill, as thus amended then passed. ayes II, :
)es e, as follows; d
Ayes-Messrs. Allen, Boyd Hildreth Hunter n
ohnson. Lane, MINIS. McNeilly, Nash Payne Pc o
FRS, Thompson, Wood, and Speaker Newman-l4 y
NOes-Messrs. Bumpass, Mcclellan Richardson
tokos. Stokely and Trimble-6. o
No $50 prevent the marriage of cousins of the =
rst degree. II
On motion of Mr.. STOKELY, the consideration of o.
MS bill was made the special order for Thursday, n
De 18th inst
No. 9S-To suppress frauds in cotton packing. n
On motion Of Mr.. THOMSON the bill was amend "
so as to apply to frauds in packing tob Geo. y
The bill as thus amended, then passed, ayes 20, d
Oes 0, as follows 2,
Ayes-Messrs, Allen, Boyd Bradford. Bumpass, 81
idreth, Hunter, johnson, Lane. MINIS Mcclellan "
cNeIlly, Nash Payne. Peters Richardson Stokes y
thompson, Trimhle Wood, and Speaker Newman .,
20.
NUeS-NOne. H
3 n. TDTr7FD &c | n