Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1859-11-14
The Tennessee Legislature.

The tennessee Eegislature.
The subject of the currency has at length
entered fairly into the consideration of both
branches of the General Assembly. In the
Senate, on the bill to relieve the Bank of
Tennessee of the counter note requirements
of the act of the last session. a bill
--- adopted in lieu allowing all banks to pay
out the notes of other specie paying banks
chartered by this State, aud passed its third
and final reading. II has not yet been acted
rI on by the House.
On Monday Mr. PAYNE introduced bill
entitled bill to encourage the private
b 81 capital, providing that all persons paying
taxes for the use Of money according 10 the
laws of this State, money and exchange
brokers, shall be allowed to receive deposits,
issue checks or bills OF exchange. and dis-
count notes bills and other securities. This
bill was unanimously recommended by the
Bank Committee, and was considered
Saturday and amended and passed, for which
the reader will see reports in our paper of
this morning. A bill also to charter bank
OF discount, daposite and exchange at KBox-
yille pending in the Senate was recommend
ed by a majority of the Bank Committee.
Other matters of general interest in the
- Senate are bill by Mr.. TRnBLE to incor-
porate the school districts in this State, and
to authorize the people TO tax themselves
for the support of public schools: bill by
Mr.. PETERS to prohibit the marriage of first
cousins: A bill by NJ. PAYNE to suppress
frauds in packing cotton And bill to Sc
- cure to married women their slaves, as not
to interfere with the rights of creditors, which
last has passed its third and last reading
In the House. a bill to repeal that part of
the homestead exemption law, which requires
the person who designs to avail himself of its
benefits to register his intention to do so, and
- thus placing the exemption on the same
ground rs the exemption of other property,
was rejected by the decisive vote OF 22 to 40
Mr. TREvITT. Of Sullivan, introduced a bill
on Monday to equalize the liability of en-
dorsers in Bank and on bills of exchange.
Mr. WHITE of Davidson, on the same day,
presented bill proposing to sell all the
stock of the State in Turnpike and other in-
ternal improvement companies, thus severing
the connection of the State with such enter
prises.
In the matter of State aid TO Railroads
notwithstanding the last Legislature express
ed decided hostility to further extension of
such aid, Mr.. JOHNSON. of Greene. and Mr..
BUTLER of Carter and johnson, each have
bills before the House asking the States aid,
the first for the Greenville d North Carolina
and the latter for the Virginia, Tennessee and
North Carolina Railroad. Other propositions
Of similar import are likely to come up du
ring the session.
Mr.. Havron, Of Marion. has bill which
has passed it's first reading making the crime
Of petit larceny a msdomeanor and pnuisha-
BILE by fine and imprisonment. The punish
Inent under existing law is confinement in
the Penitentary not lesr than
than five years The cow cIiOns ner
ally from to two three years and the
convics are able to pay the State scarce
" for their SUPP ort for short period. In
view of the fact Of the constant increase of
the number of inmate~in that institution, and
the limited room for their accommodation,
Mr.. HAvRoE offers this bill, 10 produce rev.
enue and save the State useless expense.
The House has also given its share of at
tention to the currency. Mr.. HUKT, OF Madi-
son. has a bill to incorporate bank of de-
post, discount and exchange at Jackson,
the capital to be not less than 100000 nor
more than $500 900. Nh. CARR. OF Huwkins,
has a bill to increase the capital of the Bank
of Tennessee, one million and a halt dollars.
Mr.. CALDWELL. bill to allow the Bank of Ten
nessee to issue notes under five dollars. Mr..
CAN'T, of Maury offered bill on Thursday
90 reform and regulate the business OF bank
ing in this State, The substance Of which We
gave on Friday. The bill in the House to
relieve the Bank of Tennessee from the
"counter note" requirement of the act OF
January, 1855 discuss 10y the House,
and finally postponed until the present week.
This discussion disclosed some uncnviable diff
ferences on the Democratic side of the House.
The bill introduced some time since, 10y
b. Mr. WIsSER. Of Bedford, to suppress the cir
cuaiion of small notes the banks of other
States, passed ON Third reading by
vote of 80 to IS; but motion made TO
.Er. reconsider thai vote which will be taken up
rf the present week. The opponents of this
measure contend that the Legislature has
authority to say that the citizens shall not
regard as money or equivalent of exchange.
anything. whether il DC a one dollar bill on
the bank of another State, anything else.
A resolution by Mr. BRADFORD to adjourn
sine die the oath Dec mber, and that
-r- new business be Introduced in either house
after the lst of December was discussed and
rejected by the Senate.