Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-02-01

tee, but was in favor of the principe. re
should favor the assumption OF the Tax tt '4S
Estate. if it were to be collected from the people
during the present year. BE regarded Sn7
amendment as imprachcable, and he spPealeo 20
the friends of the States assuming the lA Ao'
to bs distracted by details.
Mr.. Estes regarded the plans proposed by the
amendments as Impraclicable, Illegal and IN
constitutional He argued that as the Legisl9-
ture had no right to pass a law IA CONNECT "lLh
! the Constitution of tho State, the amendment
could not be passed into a law He also con-
/ tended that the Confederate States had no power
10 make such an arrangement
Mr.. Demoss, when the subject was first
broached. was inclined to favor the assump-
I rion of the tax by the State, but . fuller TnVes-
! Hgaliou had satisfied him that the true policy
was not TO assume the payment Of the tax, and
there was no reason for its postponsmant. The
| taxable property of the State amounted to shout
! S3OOOGoC0O, while under the law OF the Con-
/ federate law il would amount to fully S4oB,VOO,-
| 600. and why should the State by assuming the
tax. throw away the advantage Of this additional
/ IO0,000,000. Can any gentleman tell why tse
property taxed uuter The State laws should be
bu1dened 70 make up his deficiency He
/ showed that the individual deposits IN the Bank
Of Tennessee and the Planters and Union
Banks were more than three times rs large as
At this time last year, while the circulation Of
those banks were nearly three times as large as
| At the corresponding period last year, and yet
gentlemen say that money is not plenty. There
il more money in circulation now than there
| ever has been, and why should we put OF the
payment Of the taxi
in. CartheI moved to lay the amendment
upon the table, which motion prevailed, ayes
AZ, noes is.
Mr.. Meek offered An amendment TO the bin in
I r. 49, LII 81. go rrwfar fha fANnfalpTa-a S.
sessment
Mr.. Estes moved to lay the amendment upon
the table, which motion prevailed, ayes 20
noes p.
Mr.. Moek's (the committe's) bin was then
adopted in lieu Of the Senate's, ayes ~, noes
II, as follows:
Yeas-Messrs. Bawdsn, Brttsn, Brooks Of
/ Jackson, Brooks of Weakley, Bunch, Butler,
Carter, Carthel, Caruthers, Donaldson, Dunlap,
! Easily. Estes, Eubauk, Fleming, Floyd, Gard
uer. GauettSon, Hawkins, Hill Of Haywood,
Hodsden. Jarnagin, Jones, Josslingr Kennedy
Laws. Little, Martin Of McAiiEr, Martin OF
Shelby, Martin Of Smith, Martin Of Wilson,
McCallum. McClellaud, Mcdowell, Meek, Nil
lard, Mcseley, Osborne, Paine, Parker, Patton,
Raglan. Rogers, Somervell, Tucker, Ward,
/ Written. Woods, and Speaker Keeble-49.
Nsys-Messrg. Carr, Demoss, Edwards, EliE,
! Garner, House, Lea, Miller, Randolph, SenteT,
Wallace and Wsrner-l2.
The bill was then passed on its second read
| ing-yeas IS, nays Is, as follows:
Yeas-Messrs. Bowden, Brooks Of Jackson,
Brooks of Weakley, Bunch, Carter, Csrthel,
Donaldson, Dunlap, Easily, Ellis, Estes, Eu-
bank. Fleming, Floyd, Gardner, Garrettson,
Hawkins, Hin Of Haywood, Hodsden, Jones,
Jossling, Laws, Little, MarGn Of Smith, MGrtinof
Wilson, McCalluIn, hcCleuand, Meek, MillaTd,
M3sslev, Osborne, Paine, Parker, Patton, Rag
Ism Rogers, Somerveil, Tucker, Walker, Ward,
Written, Woods, and Speaker Kesbe-3.
Nays-MessrS. Bdtton, Butler, Carr, Caruth-
ers. Demoss, Edwards, Garner, House, JErnagin,
Kennedy. Les. Martin Of McMinn, Martin OF
Shelby, Mcdowell, Miller, Randolph, senteT,
and Wsllace-IS.