Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-01-20
AFTERNOON SESSION.

The twenty fourth see!ioa MAS read.
The twenty-6fth section was read
TMr. BENNETF obtained leave Of absence for
Mr.. Barksdsle till Saturday.
Mr. betty propose. auendmcnt 70 section
25. inserting after the word "ms.uri:y" prOviso
that NO bauk shall be allowed to use larger
AMOUNT of its c8pillI IN III c1uu .Iy bills than
disoOunliDg notes during any one yer.
The amendment vas adopted.
Mr.. BEATTY proposed further t. amen by adj
ing 70 the section the words, Provided such eddi-
tions rate of exchange shsui il no case exceed tHo
per cent
Mr. CAN'T objected 10 the Amendment.
Mr.. BEATTY urged the Adoption Of his amend
ment.
Mr. DUDLEY opposed The amendment.
Mr. BEATTY desired to modify his amendment so
it will read -four per cent instead of 1.-Two"
Mr. BICKNELL favored the amendment as origi-
nally introduced.
Mr. LEA hoped that The House would vote DOM
four per cent and adopt two per cent.
The amendment vas rCjectei by yeas q, nays
47-Rs follows:
Ysas-Messrs Armstrong, Bsaty, Bennett, Bck-
nell B!edsoe, Brszelton, Bruon, Butler, Frazier,
Gillespie, Heho, Johnson, Lea, MeC4be, Morris,
Shrewsbury Vaughn, White Of Dickson, Williams Of
Franklin Williams OF HickmgG and Woodarl-2I.
Nay5-Messrs Baker Of Perry, Blker Of Weak
ley Bsycss, CaldEel, Cowdea, Critz, Davis, Djak,
D1dley. East Farley, Farrelly, Ford, ADt1, Cor
man, UTeeuef uuJs uhlEASs AAa'iOA AAtttS
Jones' Teaner, Keaneiy, ktne id Of Anderson,
Gincaid of Claiborne, LOckhart, Msyf-ld, Nor
phis Nall Norman, Pickett, Porter, Richardson,
Russell, Sener Shield, Smith, SoweIl, Trevitt,
TreThitr White Of Dlvidson, WhitmOre, William
son. Wisener, Wood Rld Speaker Whtthorne-47.
The twenty sixth section read.
Mr. beatty moved to amend, by striking out oil
in section % after the word "iHstituton, and in
sorting Ia lieu thereof the words Sin twice the
amount of stock subscribed
Mr. WOODARD offered a section in lieu Of the
section and amenime1t, as follows
"Bsu GlrsEsr enacted, Tbateac stakeholder in any
Of the banks in this state shall be Individually liza
bic for the payment Of the amount Of stock which
he may subscribe Tor in any bank iu this Safe ua-
til he has paid the same ia iuu bis original sub
scription sud he shall also be individually liable
for any loss sustained Uy tbs creditor Of the nsti-
tuiln in double the amount Of stock owned by hin
in said institution, long be may own said stock,
aud for twelve m0Cths after public notice is given Of
Ills having transferred his stock in said Institution
to any other person; and If any director or diTec
tors Of any Of the banks IN tu!s Sac shall be
guilty of any raul Wilfui mismsnagem2nt of TIE
affairs Of su; bank, by which any loss sh III be &C.
cas- Onsd 10 its credOrs, suca director directors
upon 1gal ascrr aiamenJ @! the fact shall be in Ii
Fiiually liable cor the full amount Of such loss ami
all the stockhU rs ASS uta 'uGretJ shall be liable
IN ike manner: Ia case any stockh0tdsr 10 any
hank 10 Iais Sgete ss-ui sell or convey his stock
o
gers The per 20 ceiling ais stock shall continue
to bc N tIvIduaIy llbs to tue creditors Of said
ba1k as herein provided for, for period Of twelve
months from lhs time pubic notice Is given such
sale or conveyance which notice shall be given by
tie Slyer,ieor Of Banks in his frs, quarterly re
IT at,r auc1 TT 4nsier is made; lad the per-
sen TO whom any stock in any bank in this Stle is
sold or conveyed aforesaid, snail lie iudI7ijUlly
liable upon account Of said stock, in the same man
ner and to tao sams exteGJ as the crigiBa. stock
holder was.
Ho vas opposed to N .kiag Stockholders liable to
the full amount Of stock subscribed bus was in
favor Of making stockholders individually la5le for
the amount of The stock which they may own in
bank He also in favor Of making the stock
holders liable eoc twelve 5nth5 after they convey
their stock.
Mr. BEATTY endorsed the section in lieu, aud by
leave, withdrew his amendment
MIR. CAN'T saidif this amendment wers adopted
tue bill YOU fail fUT 1t could not pass the Seaa.e
Mr.. WISENER also opPosei the amendment
Mr.. LEA would vote for what he believed to be
right let the bill live or die. lie should vote
az ainst the BILL hut at the time he should vote
against any Objectionable feature tha. was attempt
ei to DO pa ed upon it.
Mr.. WHTMORE opposed he amendment and
spoke in favor Of the bill.
Mr.. MAYFIELD stood ready to vote for liability
and repeal4bi.ity whenever it was necessary, but
be would cast vote unless he was sure he was in
the right.
Mr. NOODA2D would ;vote for no bank charter
unless there was individual liability in it. aud
be vas in favor Of putting them al upon common
ground
Mr.. CHEATHAM vas of opinion that his col
league was not representing the will Of out Of
100 Of his constituents in presenting this amend
ment and urging its adoption by the House he
was in favor Of the bill it from the Senate
az near as he could get H.
Mr. BiCKNELL should vote for Individual liza
bity but if he could not get that, he should vote
for the next best thing He would vote for the
amendment, but did not wish to be understood as
desiring to kill the bill
Mr. FORD opposed the amendment and favored
the passage Of the bill.
The amendmen. rejected by yeas 0, nays 80
As follows
Yeas-Messrs Baker Of Weakley, Beatty, Bennett,
Bicknell Bleds1e, Brilon, Butler, Critz, Frazier,
German, Hebb, jones, Johnson, Kncsid Of Clai-
borne Lea, L0ckhart, McCabe, Morris, Morphis,
Norman Russell, Ssnter Shrewsbury, Trevitt,
White Of Dickson, williamson, Woods, Woodsrd aud
Speaker WuiuhorDe-30.
N4ys-Messrs Armstrong. Btker Of Perry, Bay
less, Cheatham, Cowdsn, Dudley, East Ferley, Far
reilly Ford CAN'T, Gillespie Greene, Harris, Hav-
ron Hurt Ingram. KenneT, Kennedy, Kincaid Of
Anderson Nall, Pickett, Porter, Richardson, She'd,
Smith, SoWell, Tire Whit VAUGHN, Waite Of Da-
wilson, Whi,more, Williams of franklin, Williams
Of Hickman Williams Of Knoz and Wisener-35.
And then
On motion the House sij)uraed ill o'clock to-
morrow.