Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-02-09
M PETERS appealed rom ne decision Il he

At- f6hhiso appe4aieo rom the dccsien e he
Speaker.
The ssnass enanimouiously sustained me aseis-
ion Of tho Speaker
Mr.. NEWMAN offered an amendment te the bin
providing that "lhe rates Of exchange CHARGED On
bills BY said banks shall not exceed ten per cent
per annum and this FroVso shall only apply 10 Bills
payable ont Of the state, aud demanded the ayes
and Hoes upon It's adoption, which we're taken and
resulted ayes ?, noes Is, as follows.
Agss.--Mcsers. Bradford, Hildrelh, Lane Peters
Stokely. Stovals Thompson, Wood, Hunter. aad
Speaker NsEman-9
Noss.--Messrs. Allen, Boyd. Bumpass Horn, 1Iin
Stokes ani TTimbe-l3
Mr.. PETERS offered an amendment 10 the bin
providing that the President and Directors Of said
banks shall make deposit Of endorsed bonds a. Z
security for the circulating notes in conformity
With the free banking law heretofore force ia this
State and 10 ether respects comply with the reouirs
Of said law ana be subject TO the provisions
thereof
Nr. RICHARDSON, moved to lap the amendment
upon The taoe
ar. PETERS demanded the ayes and noes. which
were sakes and resulted ayes H. noes s, as follows:
Ayes-Alessrs. Allen, Boyd, Bumpass, Horn,
Hunter, Minuis, MeNeilly, Nash, Payne, Richard
son Stokes, Stokey. StoYall and Trimble.--l4
Aoes-Messrs Bradford, Hijdreth, Lane Nc
Cielan, Peters, Thompson, Wood and Speaker lew
maa.--S.
So the amendment vas laid np0n the table.
The q-astioa thea recurring upon the passage of
the I'll as amended, il passed its third reading,
syes 70, no Z, as follows:
Ayss--Messss Allen, Boyd, BTadford, Bumpsss,
Horh Hunter, Lane Minnie, Mcclellan, MoNeiily,
Nash, Payne, Richardson, Stokes and Trimble.-l5
Noes -hessrs Hildreth, Peters, Stokely Stoyal,
Thompson, Wood and Speaker Newman ~.
Mr. STOKES moved to reconsider The vote pass
ing the bill and 10 lay that motion the table
7sdr- NEWMAN demanded the ayes and noes, which
were taken and resulted syss IS, noes Z, as foi-
lowe:
Ayes-Messrs Allen. Boyd. Bradford, Rumpass,
ilorn, HuaieT, Minis Mcclellan, McNeily, Nash,
-l5
Noss Messrs. Hildreth Lane. Peters, StOvall,
Thompson, Wood, and Speaker NeWmaa-7.
So the moioa vas laid upon the table.
nsosss.
On motion Of Mr.. PAYNE. The Senate took re-
cess until half past two o'clock.
THE CATALOGUE.
On motion Of Mr. ALLEN, the Doorkeeper was
instructed to have three hundred copies of the
catalogue Of the Senate printed for The use Of the
Senate.
MEnoHASrs hank OF MEMPHIS
Senate 5il No l59, t. incorporate lac Peoples
Bank Of Memphis, Was then taken up.
Mr. PAYNE Ofsrsd a bill in lieu to incorporate
the Merchants Bank Of Memphis, aud 70 sutherise
the stockholders in the Bank u Chatt ,nooga to
change tbs mama Of that nstisu ion 10 thst Of tue
Bank Of Memphis an to ave branch SIT Mem
phis, witch was adopted
Mr. NEWMAN (Ms STOVALL il he chair) sifer-
ed amendment making he individual property
OF The stockholders liable for he debts Of the bank.
and demanded he ayes uoes on the Adoption Of
amendmen', which were taken and'IesultedNyes 9,
B0es II as follows
Ay,s -Mes-rs Braif I'd n Mcclellan. Peters,
Stokrlv EtovqIt Tnaur gnn Wood nd Sneahpr
NeNman-9.
Noa-M s-rs. Alien, B,yd, Bampass, II I'm.
Hunter MINIS McN-iAy Mash Payne, Richard
son. Stoke, ard nimre-l2.
so the amendmen' sas rsjat d.
Mr.. NEWMAN 'f-r-3 sn amendment requiring
the direct and officers t. 'SEe an oath rinIlsr f.
that requi.ed # the director sad oiGesrs OF he
Bank r Tennessee which adonisd,
Mr.. NEWMAN off red "A amendment retsining
to The Lcg'st-tarc he pO@sr % repeal, alter CT
amend tle chatter, which r,jee d, ayes 8, NOES
IA as foltoWe;
Ayss-Messrs. Hiidreth Hunter, Line, Peters,
Stoyall, Thompson, Wood and Speaker NsRmsn-6.
Nees-Mes.rs. Allen. B5Jd Bradford. Bumpsss,
Horn, MINIS, Nee elan. McNsiliy Nah, Payne,
RichaIdsoB, SiOk. g. St kelly aud Trimbie-4
Mr. NEWMAN offered an amendments providing
that the stock owned b. parties living cut OF he
State shah be taxed the same as that owned By par
ties living 10 the State whica rejected ayes s,
moss L. as folloss.
AysS-AIessr' Hidre.h, Lsue, Pelsrs. StOkely,
Stovall, ThsReson Wood and Speaker NswmaB-S.
NOes-slsssfs. Allen. Boyd, Bradford BumPsss,
Horn Hunter, Mihnis. Mcclellan. McNeilly Nash,
Pavne, Richardsoa. Stokes aud Trimhle--l4
Mr.. NEWMAN offered sn amenimsat t. the bin,
which was read folloEs:
De further enacted That in the event CT the
su4psnsau # specie psJ ment The said bank shalt
be placed in the hagds Of tue receiver WAC shah
take charge Of said hank, sad pay 10 the note
holdars The An0nnt outstsnd,ng as circulation, and
if any amount is left, thea tae remainder shsil be
Iad &c be deposit rs.
The amendment vas ejso.ed ayes s, noes IA, as
follows:
-4y.s-aIesef. Bradford, Lsue. Peters Stokey,
Stoyail, ThompsoR, Wood, AVID Speaker Newman.
8
Nsss-Mtssrs allen Boyd BUmpass Hildreth Horn
Hunter MINIS MeCleilan MeNei.ly y lsh Payne
Richardson Stokes an Ttimble.--l4.
Mr. PETERS offered an amendment requiring
said banks to make deposit Of endorsed d0nds as
security for their eirclaliog no;es, vhiot was re-
jected ayes q, noes Is, as follows!
Ass- Messr AcClellard, Lane, Peter, Thompson,
Wo' L. and Speaker Neywm,n &c.
Nots-Messrs Allen, Boyd, Bradford, BumFass.
Hildreb, Horn Hunter. MiLnis, McNeiliy Nash,
Payne, Richardson, Stokes, Stokely, StOYall, and
TTimble.-l6.
The bill az amended was then passed on its third
reading, ayes IA, noes S, az follows:
Ayts- Messrs Aleu-, Boyd Bradford, Bunpass,
Horn HaOter, Mnnis, Mcclellan, MoSeily. Mach,
Psyna Richardson Stokes and Tra5le.-l4
Noss Messrs Hildreth, Lane, Peters, Stokely,
stoyal Thompson, Wood, and Spas er NeWman.-S.
Mr. BUMPASS moved 10 reconsider the vote
passing the bill, and 70 Ley that motion upon The
table.
Mr. NEWMAN demanded the ayes and noes, on
the motion, which were taken and resulted, ayes
10, noes T. as follows;
A5es-Messrs Allen, Boyd, Bradford, Bumpass,
H1rB, Hunter Minis, MeNeill5, Nash. Payne,
Richardson, Stokes, siOksy. s'ovan and Trim
ble--l5
Foss-Messrs. Hildreth, Lane. Mcclellan, Peters,
Thompson, Wood and Speaker Newman.
BiEK OF TENNESSEE.
Senate bill No $50, for the benefit Of the Baak
of Tennessee, was taken up and passed on its Sec
ond reading.
BANK or CHATTANOOGA
House amendments 70 Senate bill No. So, to
withdraw tn, Bank of Memphis and establish in !
lieu thereof a 6rsneb Of the Bank Of Chattanooga /
at Memphis, we're taken up sad seVerally CONCUR /
red in.
4sSE o. pLARKsFLLR
Senate bill No. 24s to charter the Bank OF Olarks-
vile, was taken up,
Mr. HORN offered bill in lieu, which vas 1
adopted, and the bin then passed It's second read
ing.
THE OcOEE BANK.
Senate bill Nc l0l, t. enable the owners Of the /
stock in ths Dsnordgs and Farmers Banks TO in
vet their capital therein in the Osoes BInk, and to
authorize the Oooee Bank to establish . Branch at
Memphis then taken up
Mr.. HILDRETa lfered amendment that the I
individual property OF tho stockholders shall be I
liable fJr the debts Of the bank, which was reject
ed ayes s. noes y as follows:
Ayes-Messrs Hldreth, Hunter, Lane, S,oksly, I
SiOvan Thompson Wood and Speaker NsE@sa
"a.
Foes--Messrs Alien, Boyd, Bradford, Bumpass,
Horn, Minus, McClsllan, EeNeilly, Nash, Payne,
Richardson and rrimbls-12.
Mr. NEWMAN offered an amendment that the in
dividual proP4ty OF the stockholders shah be liable
for the deb.s Of he bsak for one y=sr after they
shall sell and give notice Of the ira sfsr Of their
STOCK, which vas rejected, sYs9 9, paes e - fol
lows;
Ayss-Asss5s Lane, MeCIeIlsn, Stov4n, Thomr-
son. wOcd and Speaker NeEmsu-G
NOes-Messrs, Allen, Boyd, Bradford, Humpsss,
Horn, Hunter. Miums, McNsilly, Nash, Payne,
Richardson and Trinhls-v.l2
Mr. HEEMAN oRsrsd amendment providing
that the 0ooes shall be subject to lhs provisions Of
the general banking law passed at the present ses
siln Of the Legislature, which Wss adopted.
House AMENDMENTS TO sEEAFE BILL
House amendments 10 Senate bill. No. 256. to
provide for sufficient guards in Oertaia cases. we're