Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-02-09


FETIffoH
Mr. STOVALb presented petition from sunday
ctizens If Weskley and Obion counties, praying
the passage Of law prent hawking and pcddling.
which was referred 10 The Committee On Ways and
Means.
sgsATE BILLS on sEc0aD READING.
No. 270-To rstify ard confirm the report Of the
line between The States Of Tauusssse and Virginia
Passed
Ne. 278-To legaFze the acts Of james Il Arm
strong. Entry Taker for the county CT Knox, from
January !, 1855, to January I, 1850. Passed.
No. 27i-io amend The low Of gasnishmsnts
Passed.
No. 2T4-Supplemontal to section s.059, article
s. chapter 6, OF lie Code Of Tennessee. Passed
SENATE Bills on THIRD RBknIse
No 267-To charter The Baptist Female College
ii Woodbury.. Passed
No 26s-so charter Ridgely Eneampment No. /,
Of the Independent Order ofOdd Fellows OF theclty
Of Nashville. Passed
No 269-TS change The name o. Fransis G.
Roscll to tina. Of Francis G. DeRoach. Passed
ouARTnn OF NASHVILLE.
Mr.. TRIMBLE entered motion 50 reconsider
the vote ooneurIlng in House amendment toSenate
Dill No 80 Is amend the charter OF the city OF
Nashville.
RE-cHAErsE or UNION am PLANTERS sANKs
Senate OIL NO. lutf 10 fflucH sHA C~t~NN eNS
charters Of the Union and Planters Banks OF Ter
uessee. being the special order for to day, Wa1 "a
~. STOKES offered bill in lea, (samo as print
81 on page SOS Of the LEGIsLATlvR UNION AND
AHERcAN) which Was adopted
Mr.. RICHARDSON offered 81 amendment 10 the
BIN proTidiDg that the Union Bank and the PLAN
ters' Bank and their branches may pay out all o.
the notes Of said Banks, Nhieb was adopted.
Mr.. NEWMAN, (Mr STOYALL in the chair,
offered an amendment to ths bill, which was read
IS follows:
Be Il further eaae:s9, That it shall be the duty OF
the President aad Directors Of the Union and Pau
ters Banks in this State render the reveaus col
lectors the amount Of stocks 10 their respective
Banks owned out Of the State, aad pay the TAX on
the same 20 the tax collector and the tax paid
shall be paid as taxes The lands Of the citizens
Teunessee are taxed and paid
Mr. PAYNE thought the tax pad he capital
stock of banks WAS enough. lie was opposed 70
taxing either home or foreign stockholders double
The general banking Law had 6xed the tax a. ont-
half Of oneper cent, and be was il favor Of stick
ing 10 that Law
Mr.. NEWMAN belonged 10 The minori who OPP
posed the passage Of the general banking law sGdd did
not con -ider himself bound not offer any ameod
ment 10 bills TO charler banks which he regarded
the interests Of The people he represented requr
ing H conteudsd hat the sock swoed out Of the
State should be taxed the same rs lands o. stocks
owned By citizsns of the State,
Mr. RICHARDSON opposed be amrDdmept as
imposing double lax,
Nc. STOKES uoders TODD tas twenty seventh sec
ton Of the general banking Law IS imposing tax
Of one bali Of one per ceni in lieu e! all other
taxes If this was not The operation OF the
Law. he was IN favor OF the ameudmeLt OF The SEN
ator from Franklju. Mr. NsWmsn.) H. was 10
favor Ct placing the hJders Of tbs suck living cut
Of the State upon equal footing with hoee iising
in the State aud lie regarded the general banking
Law as ding this II the tWeuty seventh sectOa Of
tbe general banking law is tax upon she capital
stock Of HANGS, an additi0sA could not be i'm
posed He regarded this tax IS in lieu Of all other
taxes.
NJ. BILDRETH offered an emsndmeat IN lieu
OF the amendment OF Mr. Newman, Whch vas real
as follows:
Be q further enacted, That stockholders owning
stock ia said banks who reside out Of the State,
shall pay The same bo0us and be subject 10 he sane
tax upon their stock thai citiseng who reside IN the
STATE, whs own stock in said banks have 10 pay and
are subject to.
Mr.. RICHARDSON moved t. isy the amendment
of Mr.. NsWmsn upon he table
Mr. NEWMAN demanded The ayes and noes,
wbies we're taken and resulted ayas 3, noes II, as
Ives-Messrs Boyd Bumpass, Misnis, MOClsl-
lar, Nash. Payne, r ehsrdson, Stokes and Trim
ble-9.
AOes-McsS allen lbrsulOFus iliiuTSths nuhtet-
Lane, MeNsilly, Peters, StOkeiy, Stovah, Thompson
ndSpeaker NvgmEn-ll.
So the Senate refused to lay the ameadmeut upon
the table.
The questi recurring upon the amendment Of
fsrei BY Mr. HidFeth il lea,
Mr. NEWMAN cept.d the am ndmeAi, and Dc.
naRdsa She ayes and noes on is adoption
Mr. TRIMBLE regarded the amendment Is test
question. If it should be edopte it would eheotu-
ally preyens the acceptance OF the charters.
Tne ayes and noes were then taken uFon the adop-
ton # the amendment, and it was rejected, ayes !,
noes a. follows:
4vss-Messrs Hsd7eta, Lane Peters. Stokely,
stovaa, Thompson and Speaker NewmAn-7.
Noes-AIaesrs! Allen, Boyd, Bradford, Bumpass,
Horn, Hunt =, Mimi, Mcclellan, .BIcNeily, Nash,
Payne Rjcdard-on, Stokes aud Trimble-l4
Mr. NEWMAN offered 40 amendment 10 the bill
p7ogdng hat the individual property OF he stock
holders Of said banks shall be fully liable iIr Sl
the debts of he same. add demanded The ayes ami
noes uoon the adoption OF the amendm srt, which
were taken and resulted, ayes II, noes Il, as fol
Ions:
Iyss-lIes rs. rra9f,rd Hildrt,h, Lane, Nc
CleI.sn, MeNeilly Peters, Stokely, St0vali Thcmp-
son, Wood aud Speaker NeWmau-ll
Noes -MessIs Allea, Boyd, Bunpcss, Il IN. Hue
ter, Minnis. Nash, Payne, Richardson, Stokes,
So the Amendment failed f0E want Of ma
jority.
Mr. NEWMAN offered an amendment to she bill,
which was read as follows:
Be il enacted That the said Union and Planters
Banks shall be subject to such general lass as The
Legislature nay from time to time enact; and said
corporation shalt be subject to repeal wAenever the
interest Of The people shall require the
Mr. NEWMAN demanded .hs ayes and noes u2oR
TIE adoption Of the amendment, Which were taken
aud resulted ayes g. noes Il, as follows
Ayes -Messrp. Hildreth, Lane, Mcclellan, Pc
nd Eer Nag
mans.
Nos. -Messrs Allen, B I'D. Bradford Bumpsss,
Horn Hunter, MINIS, McNey, Nash, Payne,
Richardson, Stokes, StOkely and Trimble-l4.
So the amendment was rejected.
Mr. NEWMAN offered an Amendment TO the bill
which was as fellow:
Bet further eneets9, That the directors, officers
ami employees of the Union and planners Banks
shall take The same oath and be subject TO the same
penalties imposed the directors and officers Of
the Bank of Tepnessee, Ehen entering Oh the Dis
charge Of their duties directors, officers, &C., Of
said Bank Of Tennessee
Mr. NEWMAN demanded the ayes a-d hOes,
which were taken and resulted ayes II, noes 7, as
follows:
Ayu-Messrs Allen, Bradford, Hildreih, Hun
ter Lane, Mcclellan. McNeiily, Peters, Richardson,
Stokes, SloVall, Thompson, Wood, and Speaker
NeWman--l4
Noes-Messrs B3y5, Bumpass, Horn, MINUS
Payne, Stokely, and Trmble-E
So the amendment was adopted
Mr.. NEWMAN offered amendment 20 the BILL
providing ''tbat ssid charters shs be submitted to
vote Of the people a. the election for Cover
ernor and each vo, sr shall vote for Bank No
Bank and the charters shall not 90 into force or eff
feet unlesa ajOrity Of ofthe State st
such election shall rslify the same" and demanded
the ayes aud noes On the adoption Of the amend
msni which were taken and resulted ayss {, noes
Is as follows
Ayss.-Messrs. IIildFsth, Lane, McLellAu, Pc
tere Thompson Wood, Speaker Nrwman-7.
Npss.-MsssFs Allen, Boyd, BradforG RumpAss,
Horn Hunter, MinRis, AcAeilly, Gash, PayRe,
Richardson, Stokes stokely, stOVall, #ud rr.mbe-
Is.
So the amen imept EsA rel scted,
Mr. BOYD offered an amsRdment to the bill to
incorporate the Bank nf Frtuklin 81 Knoxville,
which vas adopted,
Mr. PETERS offered an amendmeut 10 lieu OF the
FIRST aedon Of the bill, which was read as follows.
Be Il enacted b. The General Asssubiy Of The State
Of Tennessee That the President and Directors # the
U aion and Planters Banks are hereby authorized
n continue The business of mixing with their pres
eut capital stock, for the term ct fifteen years
froln the expiration Of leit present char ters sub
ject 10 the following conditions, io-wt:
lst The President anil Directors Of said hanks /
shall make deposit Of il dOrsed bonds "a security
for the circulating notes in conformity with the
free banking law heretofoie in force in this State,
~ q v-;th Ia ra~ni-e