Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-11-23

Rev. Mr.. Huntington.
JOINT RESOLUTIONS.
Senate resolution calling on Gen. II. II,
Thomas, Quartermaster General OF the
State. 20 give q full statement Of all the
purchases he has made for his department
when the purchases were made, where and
By whom, the prices paid, the amount OF
disbursements and all other acts done BY
him in his official capacity. Adopted.
House resolution requesting the Gov
ernor 10 order an election for an additional
Congressman, for the State st large. Lost
HOUSE BILLS on THIRD READING.
Abilltoincorporate ST. Andrews Society,
Of Memphis. Passed.
MESSAGE FROM THE GOVERNOR
The following message from the Gov
ernor was received, and two thousand copies
ordered TO be printed:
STATE OF TENNESSEE. EXECUTIVE DEPART-
MENT, NASHVILLE, NOV. q. ls67-GeHfierHeA IF
the Senate and ff0use Of RepresentGtfDes /
deem II my daty to call the attention Of the Lee
gislature to the necessity OF yielding prudent
but liberal aid 20 the railroads Of the state, 20
place them in condition to be productive and
enabls them 20 meet hereafter the interest on
the loans made by the State to the roads. The
State owns q substantial and valuable interest
in the railroads, and that interest is one OF the
main bases Of the credit OF the State. Unless
timely aid is extended 20 the railroads the
important interest the State has in them will
depreciate, and this great property depreciate
BY decay and by reason of the inability to use
them probably, comparatively small aid
now promptly extended 70 them will preserve
and save the interest Of the State. IL such aid
is not given the State will loose much more by
depreciation of the property, and their inability
to operate proftably, than the whole amount
required by judcious expenditure to place the
roads IN a condition Of productiYeness.
The whole amount Of aid the State may
now extend to the roads 20 render them
useful and profitable. IL 1nestly and faithfully
applied. will become and remain n security for
the loan. Without such aid to the roads the
State may lose many times in value the amount
Of the loans asked for by the roads.
The Indebtedness Of the State will Justify the
extension Of aid TO the roads. The income from
the roads and from taxation Will enable the
state 20 meet sli the liabilities. The railroad
Indebtedness IS the principal liability Of the
State. The revenue from the roads and from tax
EtOl, by Judicious economy, viii detray all the
expenses Of the State, and discharge all her
liabilities, Il the revenue is not collected on the
issues OF the Bank Of Tennessee. and will doubt
less, when the State Is an amore prosperous cOndi
ton, be rendened, and so far as Improperly and
assets Of the bRnk can be made available, they
will be applied in that way But important
legal questions. involving the rights and inter
ests Of the State, are pending in the highest
courts Of the country, aud until q final decision
in the case. the revenues will be collected rs
heretofore Persons holding the Issues OF the
Bank Of Tennessee desire the State should liqui-
date whatever may be the liability of the State
for them, by landing the amount OF the issues Of
the bank. This would be unjust and inexpe-
dent. Unjust because the holders of the notes
Of the bank bought OF received them with the
implied understanding that the assets of the
bank were TO be applied TO their redemption,
and they should postpone the demand for re-
denption until the assets can be converted and
made available for their redemption, or, at
least. for such reasonable time as will enable
~ a.. 49, lt-,F h., ~,
can. lnexpedient because the funding Of the
amount Of the issues Of the bank will render the
State less able 20 give such aid 10 the railroads
as her best interests require. The notes of the
bank are held by a few banks. brokers and
spectators. and were bought up at low rates
and few persons will suffer by delaying their re-
demption until the questions Of law are settled
by the courts, and the assets Of the bank, as far
as possible, realized and used in csneeling the
notes The people Of the State desire to see their
railroads iostered and preserved and rem
urging the funding Of the Indebtedness Of
the bank. No one wall materially suffer BY
delaylns the settlement Of the affairs Of the Bank
ofTennessee until the matters Involved in lti-
cation settled by the courts and the assets Of
TINS bank collected and applied TO the liquida-
ton Of its liabilities.
The great interest Of the State is her railroads.
and these we should AID, sustain and render
them valuable and profitable.
have submitted these views in no spirit of
S SStSOR p. put IToR sense Of DUTY desiring to
railroads aud the Issues Of The Bank Of Tennes-
see. w. @. BRowNLow.
The bill appropriating $350,000 to the
Nashville and Northwestern railroad.
$800,000 to the Knoxville and Kentucky
railroad, 500, 900 to the Cincinnati. Cum-
berland Gap and Charleston railroad.
100000 to the Edgefeld and Kentucky
railroad, S350,000 TO the Nashville and
Decatur railroad, $500 600 TO the South
western railroad, $500, 900 to the Memphis
and Charleston railroad, 100000 10 The |
Mississippi rnilroad, 100000 to the
Mississippi and Tennessee railroad, $780,
900 TO the Knoxville and Charleston rail-
read, and loaning $1,000 per mile to the
Tennessee and Pacific railroad and TO the
Branch of the Nashville and Northwestern
railroad, from Huntingdon to Jackson,
Tennessee, which provides that the State
shall have power to sell any OF the above
roads which fail TO pay the interest on their
bonds for two years, passed its second
reading by the following vote.
Ayes-Messrs. Gary, Eckel, Frierson,
tuson, Henderson, Keith, Lyle, Mathews,
Nelson, Norman Patterson, Parker,
Rodgers, Underwood. Wyatt, Wilson and
Mr.. Speaker Senter-l8.
Noes-Messrs. Cate aud Gamer.
HOUSE BILLS on SECOND READING.
The bin for the reduction Of the salaries
of the military officers came mp on the re-
port of the committee, offering bill in lieu
which was adopted.
Mr.. Cary then proposed 10 call up his
amendment TO the original bill fixing the
salary of the Secretary Of State and Comp.
uoller at $500 each per annum, and re.
quiring both Of those officers TO account 10
the State for all the fees and perquisites,
now belonging to those Offices.
Mr.. Mathews contended that the amend
nent offered BY Mr. Carey was not german
10 the subject, and was introduced as a
rider.
The question was then on thearnendrneut.
which was rejected.
The question then required on the pas-
sage Of the original bill. Before the vote
was taken, Mr.. Gary said, that while the
wording Of his amendment might make II |
appear irrelevant 10 the subject matter of |
the original bill, yet the spirit of the
amendment was TO Top of the heavy bur- /
dens Of taxation now grinding down the
people Senators profess 10 feel great in /
terest IN the reduction Of the taxes of the /
State, bat when a proposition il made 20 4
have the excessive perquisites which those
officers are receiving paid into the treasury.
they vote il down as rot pertinent 10 the
question. II has been drawn ont in a
former debate, that the Secretary Of State
has received 81 900 10 $4,000 as perqni. |,
sites, besides his salary, which j. fred b. |
Law. IL this amount were paid into t,.Ie |
treasury IL would rsduce The taxatiox 20
that amount.
The senator from Washington proposes I
10 furnish man 20 Gil the Office Of Adm.
isnf General at SIPS per month. The man
Who proposes 30 do the amount Necessary