Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-01-24

PYTHON
st.. KfNgAIB. or Anderson. rrescnfed petitiou
Which was rsferraa T. the Committee OF the Fi
bancf, without reseng ffas
NEw BiLLs. &AGts
The following bills we're introduced. by isase,
read and aegefally passed ihe frstaims Without
b. alr GILLESPIE. 4G6 toiusorpos.sts lie Ctst-
ishoogs Csai compauy of Tsonssstr
81 Mr. MARTIN, 467, 70 prosias for granting
law dcerse.
TRassFsE OF STATE sTooK
on motiou OF ar. BENNER, the rules were gus
pended aud Senator Stanion's bill rs l87 10 trans
fer be Stale stock to certain uTnpikes in Johnson
county, taken from the llss, read and passed
the frstresding without objection. a
clNcNNATI, 0UMBsRLaHb GAP AND oHAsLEsToE
RAILROAD
Ga motion by Mr. BRaZELr0S, under dispen-
sstion Of the rules his bill, S63 60 change the name
/ of he Cincinnati, Cumberland Gap and Charleston
Railroad, and for other purposes, vas taken from
the files and he Senste amendments thereto, read
(This amendment IS printed IN the Senate proceed
ings Of yestsrday- SatErday.l
Tie Sonaie amenimaal striking out ssetlon 5, il
regard t. the masonry, wss concurrsd in
Sir EAST was Informed hat the effect # the
other ainoat.meni Would.he discrimination ard was
directed to oppose the amendment, ask The B0ase
net TO concur ia il and lei II cme up a1 sepesate
/ proposition.
The amendment was not ooaourred 10
SIR. BENNETT moved TO reconsider the vote Of
/ nou-cencurrencs.
Mr.. BRAzELFON opposed the motion to recon
slider.
Mr.. CAN'T did rot think there vas any disoFim-
ination in tae anendm5nt but as 4 friend of tho
bin under consideration he voted 10 non-coEear at
the proper time he would vote for the amendlaents
as distinct proposition, but did no; wish 70 Load
/ down this bill with it. a4aaa S..
Mr. WIsENER agrsed with Mr. G.nH.
| 8Ir BENNETT said there was 20 discriminaiion
in favor Of Louisvioes against Nashville, but for
/ fear members may DC prejudiced against The meas
ure he would Withdraw bis motion 70 reconsider.
Ga motion BY. AIR. ARMSTRONG, the immediate
gransaissiono Ct tae bin 70 he Sepste orjeFed.
MEMPHIS coFToy sEED OIL COMPANY.
! On motion by Mr. FARLEY, under dispensation,
Senator Payns's bill rs. 1851 to sine9EParats the
I hemphis Cotton Seed Ol Company, was passed the
| first Iimc without objection. r. .,,-r.
MEMPHIS PEOPLES PASSENGER HAILRoAD.1
oa motion by Mr.. FARRBLLY, Senator Paync's
bill rs 2251 to Incorporate the Peoples Passenger
/ Railroad Company, Of Memphis. vas taken from
| the fles under dispens-tion Of the rules, read
/ the second time aud referred 10 the Committee on
| Internal improvements.
/ PUBLIC ROADS.
o. motioa ofsir Frazier, his 81, 24S, 10 change
the manner Of keeping up tAs public roads. ia Hem
Us
from the files, undsra dispsnsaiion read the second
time and passed TO The third reading.
TURSPIKE ClNPAEIEs. iae err
! On motion BY Mr. MARTIN, his bill, ia, to IN
corporate the jennings Fork Turnpike Company,
was taken from he flts, under dispensatisn, and
read the third time.
Mr.. BENNETT moTed to amend by permitting
the Galladn and Cumberland and Gallatin and
CUaps Ferry Turnpike Companies 10 erect gates Sc.
The amendment vas agreed to.
The bill passed its third and lRst reading,
THE BAsK eUElTIox. r
The SPEAKER anncu1eed the special order to be
the unfinished business Of yesterday, [Saturday, /
being Senator Johusons bill S. 1867 to reform anu
regulate the system Of banking in the State Of Ten
ressee.
LThe bill is the same introduced in TIE House by
Mr.. CANT, November 10, 1859, and which is print
ed on pages 90l, 302, 303 and 304 Of the LEGIsLA-
TIVE UNION AND AMERICAN
Mr.. TREWHIFT moved to amend the bin BY add
ing additional section, providing that nothing in
this act shall apply TO existing banks till after they
shall have accepted Of the provisions in writing
The amendment was rejected by yeas 25, nays
35-ss follows: -s- eF
Yeas-Messrs. Armstrong. Bicknen, Brazelion
Butler. Caldwell Davis, Esst, Swing, Farley, Gil
lespie, German, Greene, HaVron, Hurt, Kenner,
Martin N iris Norman, Pickett Richardson. Sen
YER, Shrewsbury, TreWhitt, Wisener and Wood
ard--25 a-. f-t
Navs- Baker, Of Perry, Baker, Of Weakly, Barks
dale, Bennett. Bledsee Brazelton Critz Doak, Dud-
ley FsrreIly, Frazier CAN'T, Guy, Harris, Ingram,
Jones' Jones' Kennedy Kiucaid, Of Anderson, Lea,
Lockhart, Mayfed MCabe, Morpheis Porter,
Richardson. Roberts, Sowell, Trevitt, Vaughn,
White, of Davidson, White, Of Dickson, Whitmore,
Williams Of Hickman and Speaker WhitthorBe -35.
Mr. DAVIS moved to amend BY adding sddi-
tionsI section providing that banks chartered under
the prov Of this shall discount in the agre
gate at least third OF their pitsl in notes in
the course of each snd every year.
Mr.. CAN'T moved &c lay the amendment on the
fable.
The motion vas rejected BY yeas I6, nays 41-as
follows:
Yeqs-Messrs. BioknolI, Dosk, Farley, Farrell
y, CAN'T, H iris, Kennedy, Kincad Of Anderson,
Msyfeld Senter, Shrewsbury, Trevitt, Vaughn,
White, Of Dickson, WaiImore and Williams Of
Kn9-l6
Noys-Me srs Armstrong, Baker, Of Perry, Banks
dale, Bennett, Bickuell, Biedsoe, BrazeitOn, Brit
ton, Butler, Caldwell CFilz, Davis, East, Ewing
Frazier, Gillespie Gorman Greene, Guy, Hagrou
Hurt Ingram, Jones, Keuner, Lea, LOskhsrt, Mar
tin, Meade, Morris, Morpheis, Norman, Pickett
Richardson Roberts, SoweIl TrewhilJ White, Of
Davidson, Williams, Of Hickman, Wisener Woodland
and Speaker Wtitthorne Al H
Mr.. BICKNELL cannot support the bill He OBJ
j,cted that portion Of the bill which prevents the
issue Of bills Of q less denomination than Eve dol
lars; % that portion whioh prevents any c.mPany
from banking wi.h 8 lsss capital than S300,00O,
that portion where the rates Of exchange is left iu
definite; u that portion where the am ,unt Of notes
discounted SO be only one third II the capital
stock-it sh Juld have been one-h NJ He objected
TO that portion which gives tas power to the Legis
lature not TO repeal but to amend aud alter. THIS
las! alone would have been sufficient 20 turn him
agaR,t the bill
Mr.. LOCKHART submitted his objections to the
bill in a set speech, which VIII be ErilIen by
the Reporter snd published hereafter.
Mr.. JONES expected 20 vote Tor this bill for a
re-chArtsr Of tae Union and PaHters' Bank, subject
to its provisions and for such other bank eh arte
IS he saw proper. He believed this bill vas pro
gressive step in tae banking system Of the State
He came hers as much committed to restrieIJn as
any man, but because he esnaol carry out his pet
notions he would not say be would crush beneath
his heel the whole interests Of che STATE Of Teunss
see. He cannot get individual liability, and be be
levedif be could net get bread baked according TO
his notion, he would lake bread baked near his
liking as he could get.
Mr.. LIVING said this bill was not exactly Accord
ordinE to bis notions, but he compromise maa
and expected to vote for it, because it vas con-
promise. BE should vote for il because he believed
it was backing down from the old broad platform
of the Democratic party, Because it will keep in /
our State Lallions Of dollars Of capital that would
be taken from rs AMI because the people are pri-
mzrily interested IN these bank charters, and want
other wholesome restrictions. ...
Mr. GUY desired to say word in explanation Of |
tie vote that be should give upon the bill. He be-
Heved that there were many sOuna aud wholesome /
provisions in this bill, that would Apply we'll
b INKS already in existence thOse hereafter TO be
chartered, and that would Jeud to remedy existing |
evils To this extent he approved, snd should TOIe
fr It, but il doiag 80 be diI not commit himself IN
favor " any bank ehsTter or ch-rtsrs under H. and
should TUts agains; thea Whea taey came up.
Mr. BAKER Of Perry, said tbs course ae SHOULD
parsue would b. held as reflection OF the Ei,ass
sd desires CT hi. cons .Ituents. He regarded the
bid as the bes on the subjset ever introduced
int the Tennessee L. gis.aturs and one that il de-
nsuded by the people at large. lie enlJTsel il
heartily, and would vote for 8 re-chsrteg Of the
Union AID Plausers Banks uuder is provisions. H.
read from ; pre5,red paper the many reasons
which hat induced him to take this course; which
be proposes 10 publish hereafter.
Mr, FRAZIER announced that he hsd CONS t.
he coDclg .ion TO vote for the bill, and read bis
reasons therefor, as foliows; That he had heea
very much at a loss to how Ao should vote on the
iual passage Of The bill, AMI al oue TINS had con-
,!uded 30 vote against it, but after MIXTURE reflection
be thought it best, perhaps under all the circum-
star ces record his vote IN favor OF the passage Of
he bill, believing as ne did, that il was inaugurs-
= =