Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-02-03
TENNESSEE LnG1sLArURE:
SENATE
THURSDAY, February 2, 1850.
The Senate was called to order at nine o'clock by
the Speaker.



the Speaker.
PETITIONS.
Mr.. WOOD presented a petition FROM one hun
dred citizens Of Grundy county, praying TO be de-
taehed from the Shelhyville bank district and at
tached 10 that of Sparta, aud praying tde emova Of
the Branch Of the Bank # Tenaessee from Sparta
to MoAIinnville which Was referred to the Commit
tee on Banks.
Mr.. ST0KELY presented petition from the Big
Creek Bridge Company 10 Cooke comfy praying
the passage Of a Law authorizing them to charge
each footman crossing their bridge I've cents
Mr.. SFOKELY presented petition from sundry
citizens Of the eighth civil district in Cooke county
praying the passage Of law giving he voters Of
civil districts the power 10 decide whether they
will allow spri'uOus liquors 10 be sold in their re-
speslivs Districts
Mr. HlLDRErH presented petition from sun
dry oiIizens Of Morgan county praying that Obedi-
ali Butler, citizen Of Morgan county, who is
blind be allowed topsddle and sell liquor without
license.
REPORTS FROM STANDING COMMITTEES.
Mr. MINIS. from lhe Committee on the Jadcia-
~, reported as follows:
The Judiciary C,mmittec have had under c0u-
sdera:i ou senase bill NJ. $50 TO provide compen-
saton for certain guards employed by the Snerlh
of Campbell county The object OF his ball IL TO
pay guards employed to guard he jail Of Campbell
county, 10 pregent violeacs to he LeWises, who
were II lail on q uhESt VI uldiuOit NV Wv "SAS
convicted AMI hung aud also to prevent their res
cue AS cases OF this kind occasionally occur, and
as there is prJvis o. law 10 pay tne necessary
guards who il the opIuion 81 The committee, ought
/ to be paid by the state, IL becomes necessary 10
pass an act for each particular case; aad thus the
Legislature often has do without proper evidence
IS TO the necessity Of tho guard, thas they have
bona tiae rendered the service. Tne Circuit Judge
and Attorney General being familiar 6iih allthe cir
| eumstancss are able t. determine the Necessity fo-
q eu lrd and the service rendered Fac committee,
therefore un4nim Justly instruct rue TO report bill
in lieu, making provision for this snd All slhl!ar
| cases aud recommend ils passage.
/ Mr.. STOKES from the mmifteo re Judi
! diary returned House bill No 49, FOR the expulsion
Of free persons OF color from this Stale, With he re-
commentator # m'jority Of The COMMITTEES tina!
i. be rejected.
! Mr. HlLDRETH, from the COMMITTEES Private
Incorporatious returned Senate bill No 2l7, TO III
corporate the Mem phis Coal AMI Mining Company,
aud recommended its passage also Stnats bill Nc.
252. to incorporate the Mechanics SAVINGS Instita-
tiou of Memphis, ana reeommen led its passage az
ter amending it limit its existence to tWsn-
ty years, and by striking cut much Of ths ihiri
| section as gives a lien on its stock for debts dus
the corporation, aad to further amsud ths bill by
adding The following section:
Be.H further enacted, That said Saving Insti-
tuition or incorporation shall be subject to such
general laws as the Legislature may from time to
time enact regulating or restricting such incJrpor
aiiOus
AMENDMENT OF THE CONS rITIoN.
Mr.. JOHNSON offered the following resolution:
RESOLVED By the Senate, the House coneurriHg That
this General Assembly does hereby propose t. the
people of the Stale the following amendments Of
the COns,itution-that is to say:
lst The seventh aud eighth section OF he second
article Of the Constitution shall te amen ted so as 80
read as follows:
frsta for Scr md
Representatives shall be held 90 the irst Thursday
in August 1865 aud forever thereafter elections for
members OF the General Assembly shall be held
oace in three years, on the first Thursday in Au-
gust; ssid elections shall terminate the same Jay.
Section s. The drst session Of TIE Genera A,seus-
bly, shall commences on The first Monday in October,
1868, aad forever thereafter the General Assembly
shall meet on the first Monday in October next en-
suing the election.
81 The fourth section Of the third article Of the
constitution shall be amended to read as fol-
Iowa:
Section f. The Governor shall hold his Office for
three years, and until hs successor shall be elected
aud qualified He shall not be eligible more than
! six years in any term Of eight years.
Sd. The third section Of the seventh article Of
| the constitution shall be amended TO read a.
follows:
Section 3. There shall be Treasurer appoi.ted
for the State by tae joint vote Of both Houses Of the
General Assembly, who shall held his Office fer
three yesrs.
The resolution lies over under the rule
BILLS INTRODUCED.
By Mr.. BUMPAsS: Nc. 26l-TO amend the Law
| in relation to foreign Insurance Computes. Pass
ed first reading.
By Mr. THOMPSON: No. 262-To charter She
Rome and Tunstall's Ferry aud the Rome aud Dix
In's Springs Turnpike Companies. Passed first
| reading.
By ar. STANTON: No. 268-Requiring the irdi-
| vidual properly OF all stockholders in Banks and
Insurance Companies to be liable for the debts OF
the corporation 10 the extent of their sh res Of
stock. Passed FIRST reading
HOUSE REVOLUTIONS
No 45, in favor of granting pensions to the sol
diers of the war of 1872, Of the with Mexico,
and other wars, having ben read,
Mr.. THOMPSON moved that the resolution BE-
referred to The Committee Federal Relations,
| which agreed to.
No 1926, tcnlering the thanks of the Legislature
to the authorities and citizens of Lousyle, Chein-
! natl. C0lummbU5 Nenii and D layton; - the Legs
! lalurss and Executives OF Kentucky and Ohio; 10
the Louisville AID Nashville, the Little Misma aCd
! Colullbus aud the Dsy,oa aud Hamilton Railroad
Companies; TO Capt Sherley aad The officers Of the
steamer Jacob Strader; and 10 Nicholas Lougwortn,
for their courtesy auI Hospitality the Legislators
and citizens OF Tennessee during their recent ex-
/ cursion 80 Columbus having been read,
! Mr.. RICHARDSON moved TO amecd the resou-
tions by striking out the word free where it
ours and TO include the authorities and cit Of
Hamilton, Ohio, which noioa prevailed.
On motion of Mr. SrOYALL, the Gsvernoc was
requested to forward copies Of these resolutions 80
the parties designated
THE EXCHANGE BANK.
Mr. Richardson's resolution instructiug the
Com 2troer 10 redeem the outstanding issues Of the
| Exchange Bank, having been read
Mr.. NEWMAN (Mr. STOVALL in the chair) said
] be was opposed 10 the adoption OF the resolution,
because il would set precedent Of offering pre-
MUM for fraud lie referred to aud commented
upon the facts brought to light IN the report Of the
special committee Of the Legislature Of 1873. AZ
! establishing the fast that tue Exchange Bsuk dil
not have on ost bonds TO protect It's outs i'd
! ing issues. II believed, as he had stated on pre-
vous occasion, that The Comptroller was an homes.
! map, and that when that ficsr believed a man to
be honest like himself be would place implicit coU-
! fdencs iu any statement he might make. DE Mr..
/ NeWmau) read the statement of Gov. Campbell be-
! fore the special committee. showing that tue Comp
! trOller had burned package Of the notes Of the
Bank of Middle Tennessee without counting receiv-
! ing Gov. Campbelis statement a. the amount 9th
! or BANKERS, including Spence had made similar
statements. 1t vas, therefore the Comptroller hav-
ing implicit confidence in the houesIy Of Mr. Spence
an easy matter for that gent 10 have returneda
package OF his notes be burned and Iepreseotedit
as Jutsining much larger amount than it actually
contained de believed that the e1Iy way 10 which
the notes OF the Exchange Bank got circulation
without o deposit of bonds with The Comptroller
was by returning notes and representing them as
much larger in amount than they actually were.
He must have overreHehed the Comptroller in this
way
lie hoped this matter would De left for the courts
10 decide whether the State should redeem the
outstanding circulation Of the Exchange Bank
That was the proper tribunal and not the Legisla-
tUre.
Mr.. RICHARDSON said that Mr.. Spsn e had sus-
sustained an unimpeachable character up t. the uu-
fortunate affair connected with the Exchange Bank.
A fraud had been committed, but Re did lOl say By
whom He thought special committee should be
raised 10 whom the report Of the SPECIAL cJmuittse
Of the last Legislature should be referred with iu
structions TO give t1e matter thorough iuvestiga
ton, He then took up the report OF the special
committee Of the last Legislature and ToOeeded 10
point out a humber of in thas report, which
he considered pref Idicsl to MIR. Spence. He knew
the committee we're honest aud that these errors
were not the result of Intention he did not say
that Mr.. Spence had done nothing wrong, but there
were errors aad Inaccuracies in the report which
were wholly irracoucilsble, and examination OF
it By Senator'S would disclose internal evidence that
it cannot be relied upon.