Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-11-19
TENNESSEE LEGISLATURE.
HOUSE OF REPRESENTATIVES.
THURSDAY. November II, 1853.
AFTERNOON SESSION.


HOUSE OF REPRESENTATIVES,.
B THURSDAY. November H. 1853.
AFTERNOON SESSION.
TENNESSEE IRON COMPANY.
81 The House resumed the consideration Of Senator
E MINIS hill rs G. to incorporate the Tennessee Iron
MCompanV. The question being upon Mr. Williams
Sof Hickmsn's amendment TO MIR. White Of DAVID
kidscn's amendment, which IN lieu of the Com
e mittee on Interpretations amendment.
d Mr. JONES believed that wherever an iron mill
WAS located It WAS bound to dissemmnate general
benefts he believed the bill was calculated 10 stir
up the capital interests Of the country and cobsii
&tutionsl without doubt. Il would give a tone of
ndus ry to the section Of country where the mills
81 we're located He was for applying indiVidus s-
81 oility to banks saving institutions and insurance
accompanies, because nearly everything belonging tok
then hat is valuable is locked in their vaults and
81 might be transported Europe before credilorss
would knowsny thog about it. But in the Of iron
q corpora atoms he thought the thing different.
The means Of an Iron Rolling Mill can not be re-
noyed without notice 10 the creditors, who on the
&frst attempt to move any of the property of the
Unfit would proceed TO make their debts 1t is CON-
blended to charter such incorporation this, is 81
5-iolatiop of the constitution. This, sir, is enun-
debated to be SO by the gentleman from Hickman. !
~ prefer sir believe that 1t is constitutional pre-
&ferring to follow the precedents Of all former
Leeisia ures aud the actions CT Jackson, Polk and
8 all former leaders of the Democratic party, than 10
branch off after the lead Of the distinguished gen.
.@tleman from Hickman.
81 He thought that he was on democratic ground, {
and was not going to quit the old path which 50
<4manv democrats had t-odden, and follow the path
sbazed out by the gentleman from Hickman, for
.stear he would, or might get lost in the woods.
81 Mr. EWING, with reference 10 the lacking on of +
ga liability clause, thought that the remarks Of the
s gentleman Ne. Jones were sufficiently lucid and
-, - NlaE
Greatest in the word-ihis WAS 10 fact an IRON age
IL the public tastes we're perverted, the party which
zhas been in power for the past thirty yesrs TereE
Irresponsible for it. He proposed to prove that the
SDemocratc party have destroyed constitutions and
4oeryerted the public taste lie would Ike to kn W
pa here the head and front of the Post Office Depart
9men; cot authority make appropriations to pay
sor its service Ia reference to our bankrupt sys
he would like to know where Buchanan gets the
oower to nut out of existence the operations OF the
Areneral bankrupt Law. He said the Missouri Com
oromise was constitutional, snd 1t was 80 pronounced
= ny many worthless. both on ana CT cur SupremeE
#Benct The Democracy have been changing
constsntly our con stituIions, and have been maxi
.8ur changes on almost everything. The GET
ktleman from Hickman, Mr. Williams] says you s
Knight as well pronounce all trades pro bono Pub {
slieo as to call the iron interest In law pass
s ed by the last Legislature, there we're about the
same provisions as s-e proposed to be incorporated
Elm this bill All the partners are TO be responsible
for the amount of alital invested In the assoca-
ion Now by referring to the journal OF that SEES
sion it will be seen that the gentleman voted for
hat bill; since then there has come change over
Nhe spirit Of his dreams. II you will turn TO the
3zLEGIsLArIvE UNION AND AMERICAN of that session,
you will see that many prOmn 'nt gentleman on the
other side of the House pronounced ID favor OF tha
'3measure He knew that time made great ehangess
Gin individuals but il struck him there VAS as many
nterpretations to our fuudamen al law IS there was
10 The Sacred Writ itself If you frequently Z
= ,banre the fundamental law its Interpretation, it
SNamounts to making uulGty OF 1t at once The !
Uniou cannot be constitutionaly dissolved even rs
GOOD democrats say eff We are not elected they
Scountrv il gone" Democrats it seems, VIII submit
60 no Interpretation Of the Constitution but their
characterization 1t is only recently that it is ssid tO
be unconstitutional to apply this individual lisbii
sfty principle.
81 Mr. FARRELLY said the history OF the Demo
scratic party was the history OF the country, and
vet every move they have made nas been met withS
III bitterness almost unparalleled. He is proud tos
kuow that had it not bsen for the Democratic party
s@sud its principles your Constitution uld haTeF
been sunk so low by the fanatics OF the North
81 hat the hands Of the resurrectionists could not
s5baye recovered it. He defended the Democratic
EnlstCorm had no ohjec ion TO one word of 1t, aud
sis constituency sustained his defence Of it. The
Leeslature can have the right to alter, amend or
repesl a charter whenever the corporation m az nave
vioated any Of the provisions Of its charter, suds
In ut
upon the platform, ard such is the position be as
81 Mr.. WILLIAMS Of Hickman, again took the
aoor in reply to gentleman and in opposition to
1.-THE bill -
uickman has admitted that an iron mpsny is for
tbe publc good and yet it is not policy to incorp''
a. cate it He thought the Democratic platform was
5cousistently ard tuly construed BY the gentleman
Esfrom Shelby, Mr. Farrelly.l He believed STOCK
holders should be liable to the extent OF the amend
81 mani attached to the Memphis and st Louis Pscks
HCompauy Yesterday. He was for an amendment
nrovidipg that none Of the capital stock should be
withdrawu, aud should offer such an amendment at
the proper time.
Fl Hs was fur the amendments offered by the gem
,lemsp from Maury Mr.. CAN'T, and also the gem
Etlemsn from atwood, Mr. Lea. He voted yes
terdsy to place them the act Incorporating the
2Memphis and st. Louis packet Company, and they
&were adopted
s. The position. sir, 1 occupy, Continued Mr.. u
can not be anti-democrstic unless the Bank bill In
Introduced by the gentleman from Maury, be consid-
Rered more So l. think, sir, that it is the beFtE
#banking code or general law that can be passed,
and am for it. | want to rid the Democratic par
ty of these questions of minor Importance, and lei
ns meet our foe in 1860 upon the real issues lnvoiV
Cd and then We can march to victory and thus per-
aDetuate the Union l consider the amendments
tbat an for adopting sufficient restrictions o.
$indvidusl liability.
81 | sir, cannot be unchurched by the gentleman
from Hickman on his platform, without the COM
psny OF the gentleman from Maury ana diVer' otner
Hgentlemen.
Mr. BRAZELTON supported the bill. Looking
o the interest Of the people, he thought the gentle
mau from OvetoD, MIR. Jones, was about right
EEvery manufacturing establishment IN the NORTH
he believed was Incorporated. The bill was no pei
of the American party; indeed ne thougot Lhe rs
Enility ause question was being made simply De-
mccrGtic hunbug; sort Of ground and lofty tum
Mbliug He hoped gentleman would come up aud
sustain the bill, for there vas nothing in it that
8wcoId endargpr the great Democratic party
"a Mr.. BICKNELL Mr. Speaker: This bill pro-
noses to charter an Iron Manufacturing Company IN
EHsmilton county.
81 lam not interested directly in any way with this
oompany but do feel anxious that Representative
should look the proposi n, as 10 It's utiilty no
only 10 East Tennessee but the State at large. I'M
Houestiou of individual liability, which the Democrs-
zov have 60 earnestly urged, is feature in the
#Democratic platform aud only insugursted the last
Msummsr Our fathers, from the organization Of the
Estate. have thought it wise to incorporate compa-
snes Of this kind, and through this policy our re-
sources have been to extent developed; but II
Els left to the Democracy Of the present day TO di-
eoyer thai it il 1t in accordance with the constitution
to grant charters Of Incorporation 10 companies o.
3this kind. Let us look for moment ut this qnes-
4tion connected with this bill under consideration.
You profess TO be Democrats and profess 10 rem CT
Mthe will of the people and desire 10 do that thing
.&wheneVsr that will is know, Is it supposed Tor
4momeDt that the citizens Of Hamilton county de-
#sire any such restrict on; have those people IN
EWhose midst this improvement is to be erected de-
Hsred those restrictions? say to Representative
). that twenty men in Hamilton county could ROT o.
found who would desire such restrictions Then,
sir, if those people who are the only ps ties wis
are liable to injury from failure Of the company /
they willing for the company to oPerste under
charter such as We have been in the habit hereto
fore of granting to any of citizens when desired
Z. will you force upon them such restrietlonsf vii
= YOU not let true democracy prevail and carry ou
10 sha wi.baa AZ thass manila "A exmaesed by thei