Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1860-02-25
HOUSEoF REPRESENTATIVES.
FRIDAY. Feb. "a.

FRIDAY. Feb. "a.
The House met pursuant 10 adjournment
Mr.. German presented petition from cit.
liens of Cooke county, which was referred
to the committee on new counties and county
lines.
Various Standing Committees reported.
Mr.. Vaughn Introduced bill TO exempt
the property of the soldiers of the war Of
1872, TO the amount of two thousand dollars
from taxation.
Mr.. Martin offered resolution to re- ind
the resolution heretofore adopted that the
General Assembly adjourn SINE de on the 5th
March. Lies over.
The House then resumed the consideration
of Senate bill to charter the Union and Plan
ters' Banks and the Bank of Franklin at
Knoxville on its second reading. Mr. John
son spoke against the passage of the bill.
and against bands generally. Mr.. CAN'T re-
piled in favor of the bill and he was follow
ed by Mr.. BrazeltOn. Mr.. Trewhiit demand
cd the previous question, which failed.
Mr.. Beatty Offered an amendment to make
the stockholders individually liable to double
the amount of the stock owned 10y them re-
sp ctivrly. Mr.. Ford moved to lay the
amendment on the table, which prevailed.
yeas 35. nays %.
The vote was then taken on Mr.. Guys
amendment making the charter subject tn
alteration or repeal at the discretion of the
Legislature, aud it was rjected, yeas 10,
nays 40
Mr.. Lea moved to strike ont so much OF
the bill as charters the Bank of Franklin at
knoxville. which, on motion of Mr. Arm
strong. was laid on the table yeas 80. naNs 2l
Mr.. Williams, of Hickman. offered an
am ndment providing that neither of the
Banks chartered by this bill shall. during
suspension of specie payment. sue its credit
ors or have execution on Judgment prev =
nusly rendered. which. on motion of Mr..
CAN'T. was laid on the table, yeas 80. nays 90.
Mr.. CAN'T proposed an amendment th' t
these Blnks be subject to the Banking law
passed at the present session, which was
adopted without a division.
Mr. johnson moved 10 strike out the 9TH
and 9Th sections of the bill authorizing the
Union and Planters Banks to pay out notes
of their Branches respectively: which, on
motion of Mr.. Caldwell, was laid on the
table. yeas 80. nays %.
Mr.. Johnson then offered an amendment
to incorporate the DrOVerS Bank at Dan
bridge. with capital of one million dolla s,
which may b. increased to two millions. Mr..
johnson remarked that he was opposed to
the BILL but offered this at the request of his
constituents. The amendment was rejected,
yeas %. nays Sc.
Mr.. Jones offered an amendment author
izing the Planters Bank to establish Branch
at Livingston in Overtnn county. which pre-
vailed. yeas A, nays II.
Mr.. Vaughn proposed an amendment that
the books of subscription of the Bank of
Franklin be opened at the county towns of
each county in East Tennessee, which was
adopted.
Mr.. Williams. of Hickman, proposed an
amendment to locate the Planters Bank at
Memphis. which, on motion of Mr.. Pickett,
he a vii wis
Mr.. Ford demanded the previous question.
which was sustained, yeas 49, nays 81.
The vote was then taken on the passage of
the bill, as amended. on its second reading,
and 1t was passed, yeas 46, nays IA.
Adjourned to 2. NJ.