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

sir il II be fact that The TeusaIo Of tie Union and
Planters Banks to accept the coulter-uots sysaza
operates ipjurcusly 10 the Bank Of Tennessee, In
respect 70 the evil complained Of, that is no srgu-
merit against the counter note system, but an nrzu-
usnt against the reelarter Of the Uaion and Plan
tsTs' 3aaks without proper restredous
But it is said all our banks should be upon the
same footing. l admit, sir, if We aad the power to
place around them all the proper restrictions and
Safeguards but the Uuion and Planters Banks
place themselves behind the battery Of rested rights
aud defy your power, add l am unwilling t, give to
the Bank of Tennessee those rights and privileges
of which nay constituents complain the Uaion and
Planters Daaks have by virtue Of their charter. We
have the control Of the Bank Of Tennessee, aud
should make II model Bank as far as We are able.
cannot vote for this bill again, Mr.. Speaker, be-
cause am pledged 10 the counter note system.
stood upon the Democratic platform in my CANVASS.
and upon Very stump committed myself 10 it. ]
followed in the wake Of Gov. Harris who standing
upon that platform and bearing sloft The time hon
ored banner Of the Democratic paSy led our partS7
on to vctory-eight thousand more Of the freemeu
of Tennessee following his lead than that of MA
gallant competitor.
Again repea', thai am pledged to the counter
note system, and intend to keep my pledges TO my
nstiiuent5, and when return home to them, al
though they may not say, " Well done, thoa good
and faithful servant" they shall give ne credit for
having kept my pledges Fer these, and yet other
reasons, shall be compelled to vote against this
bill.
Mr.. Speaker wHITTHoRNE mr.. Baylcss in the
CHAIR moved to lay the original bill and the bill in
lieu upon the table, because it would aid the dis
patch Of busiress, as there was upon the Rous files
a Senate bill eC-bodying the came propositions,
AMI which by our rules had priority. He intended
TO offer this amendment to the Senate bill compel
ing the officers OF the Bank TO issue q cir
euaton to the branches corresponding to their cap
itll, in order 10 make them in measure indepeDd-
ent in tbemseve8- He was in faVor Of giving The
counter note system fair trial for the reason that
it tends to check issue, and that it makes The
branches aud not the people pay The expenses of
redemption. He thought that more than sll else
the counter note systea tends te make sound cur
rency. lie dill Rot desirs to stave OF action by
making the motion to asle the bills; he did it simp-
ly to facilitaie the us ness Of the House, sc.
Mr. CAN'T heartily agreed With all his COLLEAGUES
MIR Waitthorne1 had said.
Mr. Speaker WhlTTH0RNE withdrew his motior
upon the promise OF Mr. Benneltto renew it.
| Mr. BENNETT was opposed to the Senate bill, il
he understood it. Tee State INK was a creature o.
the Legislature, aud by holding thesa claims hel
you will certainly crush her out. Since the Stats
Bank has been preparing for this counter note sys
/ TEN, she las lost over $500 Geo. The Slate BsnI
Is The great fiscal agent of the State Of Tennessee
and as such, should be cared fer and protected By
/ the Legislature. lie renewed the motion, as b,
/ bad promised, of III gen lsmsn from Maury, sc.
! TMr. Wkitthorhel TO lay the bill on the table.
The moiion was agreed to, by yeas Al, nays 81
/ as follows:
| YeIs-MesegF. Z ,kcr. of Perry, Barksdsle, Bay
less Beatty, Bieknell, Bled-Oe. BrazsltOn, BrittOn
/ Cbeath9m Cowdsn, DAVIS, Davidson, Dosk, Farley
Fsrreiy, Ford, Frazier. Gsutt German, Guy, Ing
| ran, Jones, johnson, Kennedy, Kline aid, Of Ander
son, Kiuo I'D, Of GisIberBe, Lea, Lockhart, Martin
/ Mayfe!d M1rph's, Nall, Roberts, Smith, White OIL
/ Dickson, Whtmore Williams, Of Hickman, Wisener,
/ Woods, Woodland sad Speaker WhitlhOrne.-4l.
! Nays--A sssrs. Armstrong, Bennett, Butler, Cald
well, Cri.z, Dudiey, EEiog. Gillespie, Greene Hsr
| ris, Gavrou, Hehh, Hurt McCabe Morris, Norman
! Porter, Richardson, Russell, senter. Shield Shrews
/ Iury, Trewbitt, Treyitt White, of Davidson, WEI
! Hams, Of Kuoz aud Williamson -27.
Aud hen
Ga motion, the Hsuse adjourned till q O'clook