Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-10-09


lion the poliss q retrensansa; sad reform Ia ever
department Of the Government wheTe Il Is P0SsiDlsI
ard this husband our resources to the utmost ex~
tent for the support CT cur armies and tns NAM
tsinanee of oar Independence.
Ia this connection 1t Is prcPer that should call
your attention to the 4th section of the act OF the
Confederate Congress, approved l9sh OF August
lSGf, imposing tax upoa certain descriptions OF
property therein named for the speeia! purpose OF
paying the principal and interest Of the public debt
and supporting the Government
Il is believed from the best estimates that can De
made, based upon the previous assessments Of the
taxable property of the State that the amount to be
Elected from the people of Tennessee under this
act will not fall very far short of 81 600, 900.
The Path section Of the act provides that "If any
State shall on or before the first day Ct April next,
pay in As Treasury notes of the Confederate States,
in specie the taxes assessed against the citizens
Of such State less ten per centum thereon, It shall
be the duty of the Secretary OF the Treasury to
notify tile same to the several tax collectors IN such
State and thereupon their authC rty and duty under
this act shall cease.
If the State should avail herTef of the provisions
Of tins section, she will save to her people ten per
cent Of the amount assessed against them, IN the
aggregate amounting TO about $500 OO0 and the
sum TO be raised will be collected by the revenue
officers Of the State, obvatng the necessity for two
classes of revenue collectors, which will reduce
the expenses of collection and relieve the people
from the necessity of more than one revenue settle
ment. / therefore respectfully recommend that
you provide for and pay, according 10 the provi-
sions of the 2lth section, the amount assessed
against the State; but in doing 80 care should be
taken that no part of the burthen is imposed upon
that class of the people who are wisely exempted
by the act of Congress.
BANKS.
Irecer you to the reports Of the Supervisor for
Information as to the condition and business Of the
Ranks OF the State from which it will be that
L -~.~NN = Hi
innate wants of the business CT The country. The
present condition Ofpublic affairs has diverted from
former channels their business operations some of
their chief points of exchange having become CEN
tres of an euemys country. are closed against ahem
and they are engaged in the pioneer work of open
/ q new cham and finding new fields for the
enterprise of Southern commerce.
Therefore certain notifications which, under
other circumstances might have bee n recommended
are not at present deemed appropriate Let the
system remain as it exists under the present law,
'eaving the rest to the ability, prudence aai good
faith OF those whose duty it is to direct its practical
operations"
For full and accurate information in detail as to
the present condition. business and profits Of the
Bank of Tennessee" you are referred to the re-
port of the President and Directors from which it
will be seen that the nett profits for the two years
ending July LIST, 1861, have amounted to the sum Of
S552,l23 IS. Of this amount SlOI6ol 81 has been
paid intn the Treasury, the balance being reserved
Dy the DdnN 70 cover O41 anu uOuOtAAA NSOtS3
tJfOre contracted.
Il is due to the President and Directors Of the
Bank of Tennessee and indeed TO the officers of al
the Banks to state that they have extended to the
Government every facility aud assistance ia their
mower TO place the State ia a position to repel in
vasion and maintain her independence without
which it would have been difficult if not impossible
to have accomplished much that has Dsen done In
this respect.
By the act Of the 9TH Of May 1861 it is left to the
discretion of the Governor to appoint receivers to
take possession Of the roads, property aud effects
of Railroad Companies failing to pay the sani-an
nual interest upen the B5a!s of the State, loaned
to aid in the construction of their roads.
The Comptroller has reported the following Rlil-
road companies having failed to pay the interest
falling du- lst, July, 1881. to wit:
Mobile and Ohio Railroad Company, 30. s3S,72O 90
Memphis and Little Rock. 10000 90
Nashville and North Western. ......... 1850 90
Rogersville and Jefferson. ......-...... 4I1O 90
Tennessee and Albania. 2lOOO 90
Memphis ClsrksYile and LoasYille,.... 81 260 90
East Tennessee and Virgins, ........... 1870 90
Nashville and Chattanooga 4 500 90
Believing as do, that their faiuve to pay result
ed from no want of inclination on their part, nor
from bad or improper management onthe part of
their officers and employees, but from the fact of
general prostrstsn Of trade and commerce, slmest
their entire business for the last six months having
DeeQ me transportation VI LfOupS anu HluulGOHa VI
war which they have dsns with the utmost promPi
ttude and upon thenost accommod ltiAg tsrmS haI
felt that neither the security OF the State the
interest of the Companies would be promoted BY
placing them the hands of the receivers, and
Ihsve therefore declined appointing such receivers.
The Elgefeld and Kentucky and the Winchester
and Alabama Railroad Companies having failed to
pay the interest due EpOG their Bonds on lat JAnH-
ary 1851 previous to the passage of the above re-
cited act, appointed Adna Anderson receiver, TO
,F,I,, L. II L.
ceiver for the latter. These roads with the prop
erty and effects of the Companies, we're placed IN
the hands Of their respective receivers and have
been operated by them up to this time the opera
tons OF neither having as yet refunded to the
Treasury the amount Of interest paid on their &C
count.
For an accurate statement of the account Of each
with the Treasury, refer joy to the report Of the
Comptroller.
BY reference to the report of the Agent and In,
spectors Of the Psntentiary it will be seen that
there has been q gradual increase in the number of
cOnViots for ths last two years an that the bust
ness for that period has been large, resulting in
nett profit 50 the State of S3I7 Z9 68
BY the act of 9Th March. 1869. the sum of 500
OO9 WAS appropriated Ter the purpose of enclosing
and grsdng the Capitol grounds, said fund to be
raised By issUing that amount o. coupon bonds of
the STATE v -cG were 20 be csGied By the Bank Of
Tennessee at Pa.
The work progressing under Ine supervision Of
the Capitol Commissioners. the lIIh day Of sep
TENDER, 1860. ] issued SIS, 600 of bonds snd dehy
cred the same to the B INK Of T nj TIE B. nI
placing to the credit of the Commissioners that
amount BY the set OF lst February, 1861, the sp-
preparation was repealed and the Commissioners
directed after paying all debts against them, to pay
the balance of the fund IN their hands iaIO the Trea
sEty.
-. VIII be seen from the report of the Comptroller
thai after sstt their accounts they paid into the
Treasury thu sum OF s. 00s e..
Under ths 5 section Of said act, | appointed
James Punket receiver, to taka into his possession
the mules, carts and tools belonging to the STATE
and used up the Capitol grounds, and ordered
him to sell tie mules and such other property as
was perlshable but to receipt for and retain the
tools. they would, at vary distant day, be
needed5snq could net be sold ex ;ept at very great
sacrifice,
The receiver reROBts the RetE PFaeee4s Of sale of
mules, corn and hay at SIPS IS, which gum has also
been paid into the Treasury.
The other property remains in the possession of
the receiver subject any order tUat you may see
proper 10 make with regard to IT,
CHARITABLE INSTITUTIONS.
refer You to the reports of the Tru;tees Of the
Hospital tOrIhe Ensaae, the blind School, and the
Deaf and Dumb School. for fun and sccurate infor
PstioR as e She cOhlnioh aad progress Of each of
Ihass ipstfts d6ns.
/ al, pigssea TO believe thst a critical examins-
tion ut their reports viii shOW each Of them to be
in very satisfactory COZ lItlCp, eOntrlb8 ing greatly
10 the relief comfort and improvement of these I'M
fortunate classes Of our cIuz2ns. Whatever may
be the general necessity for retrenchment and
omy we must not forget hat these victims Of mis-
fortune are entitled to the fostering of the