Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-01-17

Iii ss,ta;niv unile with her Southern sister States
in tbe formation Of q Southern COHfedersey. The
resolution lies over under the rule.
M KINCAID. Of Claiborne, offered resolution
,sonsstino The Comptroller to furnish this Legiss-
ture ith The amount of tax imposed on each indl-
v;dnsi and on each dollars worth Of property in
states tbat have seeded which lies over under the
rule.
The following bills we're introduced, read the first
time and passed:
| q sis of the Code Of Tennessee.
By Mr.. BENNETT: No. TO regulate the
duties of Chsncsllors in certain cases
SENATE RESOLUTIONS.
e.rats resolutions on federal affairs, reported
nv The Joint Committee on Federal Affairs, WAS
taken up ard adopted By unanimous vote,
THE coSvENTGbXAL INTEREST Law.
The unfinished business of yesterday. being
Horzs hill No l. to repeal the conventional inter
at hill with the amendment Of Mr.. Trewhitt were
Aftar various attempts to amend the amendment.
| il was laid upon the table, ayes S5, noes 81.
After various attempts to amend The bill, II was
finally passed on its third reading, ayes 46, noes 20
as follows:
| Lyye-Messrs Armstrong, Baker, OF Perry.
RarRsdale Bsyess Bennett, Bicknell, Bledsoe. Bra
z,lton Bute- Britton Caldwell, Chesiham Critz Da-
vie, Dudley, Esst Ewing, Fsrreny, Ford, Glnesple'
| German. G-eoue, Hsvron Jones, Johnson henner,
| Kincaid, Of Anderson, Kinca'd, o. sloorne' mar
| tin. Msy6eld NcCahe Morris, MorI heis, Narmen,
| Picket. Porter, Richardson, Sentsr. SaWelt TreV-
| in Vaughn. White of Dickson Whimore, Wisener,
| Wood I'd aai Speaker Wbitthcrar--40.
Noss-Nsqsrs. Bak~r of Weakly, Best7 Cowden'
Doak, Farley, Frazer, CAN'T Guy. HArri Hebo,
| Hunt. Irgram. Kennedy. Lockbsr, Hsu. r borts,
Russ n. Sh id. Shrewsbury Suifh, T-ewhtt, White
Of Dsvid-1u Williams, of Franklin, Williamson
| and Woods 25.
| Mr.. CHEATHAN en.ersd a motion to reconsider
| the vote pass ng tie bin.
ms SAGE FROM TIE GOVERNOR.
| A moss q. n m 'h, Govern was received by
| tbs hand. = he Secretary Of State, wa:ch WAS
| r'Si m. %:
EXECUTIVE DePA rMgHr Ja1nsrY 10 1851
| Ctst srssa If the Senate and
| H.Use of RspreseutGtU's:
| TAo sinking Fund &C. of 1866. Contemplated
The inv.z;nen Of the fund paid in, in the inter
| nal Improvement bonds Of The State, at par oy
which means the entire railroad debt of the Safe
| would have blen exiiagui bed before maturity,
The act Of lS59-60, repesling the s5ove-reclteo
oct, was intended, and will accomplish the same re-
suit.
| Pint the Commissioners have invested the fund
paid il under the act of 1856 in bonds at dis
count Of from eight TO twenty-five per cent py
which mu,h more Of the debt has already been ex-
tipRushei than the act contemplated. Ia view OF
which fact and the failure of crops, arrangement
and preservation of commerce, and general financial
dis.ress in al the departments Of business, IL is
cert siply hardship upon the railroad companies OF
the State 10 be COMP eed to pay, IN these times OF
universal pecunisry distress, any part of the prln-
opsl Of debt which does not fall due for thirty
years.
of an act suspending the operations Of The sinking
fund law for the term Of one year from this GATE,
bv which time another crop will have been made,
and It may be reasonably hoped these companies
will be in q condition to pay their sinking fund
without material Inconvenience or injury, aud II
the law is rgidly enforced after this suspension az
it has been heretofore, 1t will still extingulsh the
debt by maturity.
Having learned from portion of the people Of
. the civ Of Nashville, and one Of the Representa-
tives Of the county Of DsVideeD, that the passage Of
an ac authorizing the corporation Of the city o.
Ns,hville 70 endorse certain income bonds Of the
; ! Edgeield and Kentucky Rnilroad Company, is do
. sired by them and important TO said Company, a
their in7,ancs l submit the question to your dis
' erection.
e TIE geseral internal Improvement law makes !
} the luy Of the Governor to appoiut "RecelVerS u
. take charge Of the roads and effects" Of Railroad
= Cem1anits in certain contingencies, but tn
Law ixes no salary compensation for such ser
vice
. TIE fact that the duties and tho responsibilities o
!
on rtbers requires that the compensation OF keceV
:; or d each case to depend to q great extent upol
~ kc character Of duties and and amount OF respoA
!. ST. hty imposed upon him
&c therefore recommend that you pass al act, III
~ ir the salary Of Receivers comforting uponssm
=, GER Of the Government, the power TO hx the CON
:, | pglsaticn in each case.
70 Reeretting as / dc, the necessity OF muluplyin
the subjects of Legislation at so extra session,
have csrefully avoided opening the fruitful held
&c Of internal improvements, and confined myse
le strictly to the Sinking Fund law, the salary
VI Railroad Receivers and authorizing the corPor'
70 tiol Of Nashville, TO endorse the income bonds
. the Eigefeld and Kentucky Railroad Company,
il should gee proper to do so, which questions 8
~ respectfully submitted to your confederation
- IsHAM G. HARRIS.
On motion Of Mr. EAST, the message waa referr'
to 4 specia committee of five, and -
sn The SPEAKER appointed as said commit
n N ssrs Est, Kennedy, Gillespie, Nall aud Williar
tty son.
ne house BILLS ON THIRD READING
ICE 70. 2-To amend the conventional interest Ia
IS Lsi On the table
se 20 $40 repeal the act Of 1860, entitled " an .
he to mend the usury ave Of the State, and 10 esIs
'rs isd conventional rate Of interest" Laid on
me tao e.
I'D NJ. 40 amend au act entitled an act
els I'd III usury laws Of the Stste, AID TO eatafl Il
nv5u ioaal rae If Interest" Laid on I
a taha
The 81. 5-To repeal so much If Inc set of the 2
en- F-h-u-ry. 1862 AS establishes q conventional II
.h' # ue.est Lad IA he table
age 81, y For tie relic. Of tho people Laid
es- The abe.
her RECESS
j, 0rm o. Mr.. MARTIN. the H'ue took
-, &c d. = a'.,.cs ut sicn hour tie SPE IA
Q a ~ - 40 Hou-s 70 order
p,L,EF OF TUE >Ks
ss-a',h ~ !, g IT. p nS f..1.7 :, :,
g.. j.
sly law
Il Il us. b1 70 8 or. oritsv he en-
b.. Ton t-e C IN + ieb ami tn re- f
"a T.. .e1r. wa ias u "A e emsraDs
a re- aur.d.d y b Jsn C,mm t. o. Blaks
!. Fs-r ,ca'.
TsEwHITT proposed an amen5rcRt 20
" an, 4ens the co mite, fer the pcrpr s
prrtt1f.vE ne smc.
NJ BICKNELL offered an amendment provi
tha' Ne sc, shali expire On tbe LIST Of July, lS6:
was Nr CALDWELL with tie view Of testing
own seuse Z the Hsuss in regard 10 the passage
bird stay Nv moved to lay the bill snd smendm
uroa he table which motion failed, ayes 20 !
ider 81, as follows:
A,ss-Messrs Baker, of Perry, Baker, of W.
ley, Caldwell, Davidson, Dodley, East, Guy
ris Hurt, Ingram, KincsiS, Of Aeaersoh w H1G
ven Shrewsbury, Smith, Sowsll, Wshmore, MiAl'
akeu of FrankliR, Wiiisms, Of Hickman, William
,ver' and Woo5s-Ze.
bate Noes-Messrs. Armstrong, Bsrksdsle, Bay
lere- Beatty. B,unet. BieknslIl Bledsoe, Brazeton.
ton, Butler, Ckesthsm, Cowden, Cri Z, Doak, ET
okes Farley, Fsrrelly, Ford, Frazier, CAN'T, Gille
sinal German, HavroD, Hehb, Jones, johnson, AeI
eon, Kennedy Kineaid, of Claiborne Lea LoeKnaII'
tin. 'Mayhsld, McCsbe, Morris, Morpheis, Nall