Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-12-03
TEHHESSEE LEGISLATURE.
Condensed Proceedings Of Mon
day, November 3oth.

NASHVILLE, November 3, 1904
eaaes.
Senate met 81 10 O'Clock, s.m., Speak
er Senter Ia the chair and eighteen mem
hers present
REPORTS FROM STANDING COMMITTEES.
The Judiciary Committee reported the
following:
The judiciary Committee have bad
under consideration Senate bill No. 81,
An act to secure the assets Of the Bank
| Of Tennessee, and have directed me to
recommend It's rejection.
The Bank Of rennsssse Is nov beyond
legislative control, having b5en 90 placed
by legislative ensotments.
Section fifth Of the "Aot 20 wind up
and settle the business Of the Bank Of
Tennessee" passed February 16, 1855
prescribes that the President and Direc-
tors, without delay, and atss early q day
as practicable, u an assignment and
dseds OF trust of ali the assets Of said
bank and branches, and property Of ali
kinds, real, personal and mixed, to he
made for the purposes mentioned IN said
section.
Section six Of the same set provides
that q bill shall be filed Ia the Chaneery
Court to execute tbs trust, etc. (Sas
said set.)
The local Board OF Directors, under
said act, were confirmed by the Senate
| on the 27sh Of February, 1855. They
we're qualified the lst OF March, 1865.
On the Poi Of March, 1866, the banking
house was surrendered to them by the
military, and the books, etc, belonging
! to the bank then in the capitol were re-
moved to the bank. With all possible
haste the officers Of the bank made ont
the necessary schedules. Ga the 4 a Of
MAY, 1867, the Board OF Directors exc
euted the deed Of trust directed b. the
aforesaid act OF the General Assembly,
and on the Is b of May, 1866, the Attor-
ney General for the State flied a bill g
execute said trust, as pointed out by said
act.
1t will thus be seen that the Legisls-
ture has placed the whole matter in the
hands OF the judiciary, snd has no power
to pass such a bill ss Senate bill No. BIZ.
All OF which il respectfully submitted.
Az 5. LINDsLEY.
November 30, 1873. Acting Chairman.
A bill from the Judiciary On GdVertis-
ing passed the first reading.
A bill to obtain Justice" offered BY
Mr.. Rodgers, Zone of the " truly loyal"
stamp, who does not know that the war
is endsd), passed the first reading and
was referred to the Judiciary Commit
tee.
Speaker Ssnter presented the report OF
Judge 3. d. Watson, Trustee OF the
Bank OF Tennessee, in relation to its
condition.
Ga motion, 1900 copies we're ordered to
be printed.
HOUSE BILLS On FIRST READING.
No. 352: Bill to incorporate the
Raleigh Mineral Springs Hotel Com
pany. Passed.
The House met at 10 am, Speaker
Richards in the chair, and IF y-six men,
bers present.
NEW BUSINESS.
BY Mr.. b $500 Bill for the relief of
the colored population OF the 5 ate, re-
quiring county courts at their January
term TO elect q general administration
for the colored people OF the country.
Passed first seading.
By Mr.. Hamilton, OF Shelby Bill to
incorporate the Memphis Bethel. Passed
first reading.
By Mr.. Murray: Joint resolution re-
curing Dr.. D. b. Cliffe, Receiver Of the
Nashville and Northwestern Railroad,
TO turn over to the Nashville and North
western Railroad Company ali money
in his hands, the proceeds OF bonds issued
TO said road under the act of December
Z, 1857, to amend the internal improve
ment law, or any bonds issued to said
road which have not yet been disposed
OF. Laid over under the rnles.
RESOLUTIONS LYING oyER.
The consideration Of Mr.. Poston'sj joint
resolution, dsferring action on tae "Om-
nibus Bill" until the affairs Of the roads
which have failed TO pay the interest on
bonds loaned them 10y the State have
been thoroughly investigated was re-
sumed, the question being on Mr.. Car
delPs motion 70 refer the resolution back
to the Committee on Internal Improve
ments. The vote was taken and resulted
ayes "a, noes "a. The resolution was
then referred to the Committee on
Finance and Ways and Means.
HOUSE BILLS ON THIRD READING.
To change the school law, by cOmpsll-
ing all teachers to take an iron-clRd oath
after January ], 1855.
The text of this infamy Is too stro-
eious for publication
Mr.. Ryder meved 20 lay the bill on the
ldOlCs AAAAICQ x nQC1f IL
To incorporate the Southern Railroad
Association. Passed.
Adjourned to 10 am tomorrow.
"THEsE BONDS"
The following resolution, by Mr..
Waters, passed the House yesterday
Be il rssolped By the General 4sen6ly
Of the State Of Tennessee, That the Cow
ernor, Secretary of State and Comptrol-
Ter be directed, and they are hereby re
CURED to withhold any further issuance
OF State bonds to any internal improve
ment company, until after q full snd
thorough Investigation of the business Of
said company by the Governor, 5ecre-
tsIy Of State and Comptroller, it shall
appear that bonds formerly issued have
been serupulously used as the law d.
reefs, Snd that none OF said bonds have
been DtSerEise appropriated or used by
saId company or any one acting as agent
or otherwise for said company.
THE oMSIBus BILL.
The following is the text Of the bill by
Senator Parker, generally called the
Omnibus Bill" which has passed the
Senate, and now hangs fire in the House.
The Committee on Finance, Of which
Col. Prosser Is chairman, has Ii in charge
ct present;
= Section /. Be IL enacted 6y the Gen.
erdl Assembly Of the STATE Of Tennessee,
Thst the Governor is hereby authorized
to issue coupon bonds of the State Of
Tennessee, bearing six per cent. interest
annually, to the following railroads Ia
this State, as fOllows, to-wit: To the
southwestern Railroad, i've hundred
thousand dellsrs; to the Knoxville snd
kentucky r lilroad, five hundred thou
ssnd dollars; to the Knoxville aud
sCharleston Railroad, five hundred thou
sand dollars to the Cincinnati and { UNI
berland Gap and Charleston Railroad,
lrosd. three hundred Thousand dollars; to
1.-THE East Tennessee and Western North
iCarolina Railroad, three hundred thou
sand dollars. All Of the above amounts
to be In the bonds OF the State, Of one
thousand dollars each, to be used by said
accompanies IN grading said roads to a
speedy completion, 10 come under the
provisions Of the general internal i'm
provement act, with the exception Of the
fgrsding. And the Governor shall issue
said bonds to the Presidents OF the roads
as named above ia such amounts and
such times as may be directed by q ma
siorlty Of the State Directors.
: Sec. 9. Be 10 further enacted, That the
Gsum OF three hundred thousand dollars
be. and the same is appropriated, TO the
Nashville and Northwestern Railroad
ComnaDv. on the same terms and c0ndi-