Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-11-18

The Memphis AUalanche, which glories in being
the Aardsst OF the haris makes the comments which
we copy below, on the bin introduced in the Legis-
lature BY Mr. CAN'T, to reform the banking system
of the State The objection that il does not go far
enough, which the Avalanche urges, may be valid
vet II certainly takes long step in the right direc-
ron and we are not Of those who if they cannot OBJ
tain ali the good for which they strive, refuse to ac
cept any benefit
Nm. G.ssrT,s Bu1.-We published on Monday last
an abstract of the Banking Bill presented to the Le-
Rislature by the Hon George CAN'T, the talented
Representative from Maury. We donOt and cannotap-
prove of this bill We are honestly and unalterably
opposed to any and e0eT system Of paper money bank
ing that has yet been invented for thorough
" convinced that the wisdom Of man can devise no
means by which such system can be rendered per
fscty and entirely safe the people and the coun
try Still we can discriminate between better and
soTse and in doing do not hesitate 70 say that we
would much prefer Mr.. Gannts bill 10 any that has
been vet introduced to the present legislature This
BILL even as paper money bill, might be greaty
improved as we hope it viii be, by q few Judieious
amendments which we may suggest IN future ar
ticle but should our Representatives determine,
trary 10 our convictions of right and expedlency,
that is necessary under the circumstances, to con
rinue, temporarily even, policy winch mas Deen
imposed upon us by what we must be permitted 70
designate as foolish and timeserYing system OF le-
gslatiou. we have no safer or better plan Tor
doing il than that suggested by Mr. Can't bus plan
repeat, does not suit fiS--7lOf VIII Which,
mits of paper being made considered money, but
II our Legislators are determined to have banks.
with the privilege of creating currency, let them
saw So and be done with it; and if not as we would
fan hope might be the case, let them, on the other
hand say that and have done with it. Fer our
selves, we are heartily sick and disguised with the
dillydallying policy. What is going TO be done, we
want to see done quickly. Let the banks the people
and the country know at once what they may expect
and what they are to depend upon Ahalting, dmid
prOcrastinating policy is unworthy OF men and lie
gisators, and we earnestly beseeeh those who now
represent US at Nashville TO abandon it at once do
what they have TO do on the bank and other ques-
tons and go home soon as possible to their tam
lies and their constituents
The Appeal comments follows on the same bill;
"The bill introduced by Mr. CAN'T, of Marry
into the House of Representatives entitled . bill
To reform and regulate the business of banking IN
this State' synopsis of which publish this
morning. is entitled TO very great consideration from
the Legislature and in the MAN, will meet the views
of the friends of a sound currency and bank reform
Its provisions have evidently been closely and care
fully drawn up, and every necessary preeautloT
seems to have been observed to reduce the genera
principles 10 such minutie will insure safe anC
convertible currency, and at the same time provide
for the security of the capital invested in the bank
ing business II is very desirable that the Legisa
ture should speedily settle this Vexed question anC
give quiet TO the public mind. The doubt which nov
prevails, with regard 70 the action of the Legisla
ture is nearly disastrous, the way of restrict
ing freedom in the movements of capital, mo
neyed panic. If the Legislature will act at once
confidence viii be restored Immediately, and
brighter and better era will dawn upon the State
especially if the action shall conform TO the bill o
Mr. GASTTr