The Union flag. [volume] (Jonesborough, Tenn.) 1865-187?, 1868-08-07

I
the militia to pmtecJ them in, their persons
and property. Tgue, it will take money to
| furnish military force, but loyal menfresid-
| ing in rebellious Counties are entitled 10 pro-
lection, without any regard to what it may
cost in dollars and cents It am expected
TO protect them must be allowed a sufi-
uient clerical force to execute my orders
promptly and funds TO meet the neees-
sary demands in carrying out these orders
Gentlemen are here from the counties PARTIAL
ly in rebellion, and it is for them TO say.
whether a military force is necessary TO az
ford protection and quiet among their con-
stituents. You wlll also pardon me for my
plahuesss of speech as haYe been com
7 planned Of as rather .ardy in nv movements
to protect loyal men. Therefore it is thar If
our people are butchered in cold blood, and
the colored population are ntm,dated and
| driven from their homes and the ballot-box,
| intend that the responsibility shall rest with
! the Legislative, and not the Executive De.
! partment Of the State Goyernment. IfIam
| regarded as extravsgant and violent, | shall
be gratiied to have the Legislature desig-
| nate some other person to take the entire
eOntro! of this branch of the public service.
| / again repeat, gentlemen, that you are
| fresh from The people, familiar With all the
recent outrages complained Of, and it is for
you to apply the remedy for existing evils.
| Should you conclude to orderout the militia,
or a portion of them, it will be your duty to
protect them by law for all proper acts done
| under orders or in the line Of duty. Other.
wise they viii be annoyed by malicious pros
| ecutions after they are mustered out of SER
vice.
Ipropose next, to,call your attention to
the subject of our State Finances. Near the
close of the late session, you created Il FL
nancial Board consisting OF i've members,
viz; The Governor, Secretary Of State,
Comptroller, Treasurer, and the President Of
the Bank Of Tennessee. regret to say shat,
from the time Of the organization Of the
Board until the present, there has been great
! want Of harmony in its councils and action.
| Very soon after the Board organized,
| the Secretary Of State and Comptroller
sent in their designations as members
OF the Board, as did, also, the Sec
re:ary of the Board. The remaining three
members of the Board Immediately convened
at Knoxville, and reorganized, electing s..
Watson, Chairman of the Board, and Hor.
w. Besson, permanent Secretary. offered
a resolution, which was adopted, to the eff
| fec. that we had no authority to accept the
designations Of the persons before named,
and alledging that their designations should
be rendered to the Legislature, the power by
which they were constituted members of the
Board, as the only body competent to receive
their resignations. AT the same meeting, we
effected all the preliminary arrangements
| deemed necessary to provide for meeting the
| July interest, and the chairman of the Board
was constituted an agent TO 60 to New York
aud carry out their plans. Whatthese plans
were the report Of the Board wilshow.
| Closely following the action recited, some
members Of the Board who had rendered
their designations, opened most unprovok-
bed and needless newspaper war upon the
| newly elected chairman and the policy we
| had adopted The effect Of this controversy
was to distract our councils at home and in
1 jure our credit abroad One member of the
| Board went so far as to say TO another mem
Der, that be was in favor Of making publi-
cation, setting forth thatthe State WAS IN
able to meet the interest upon her bonds.
| For the honor and creci: of the State, I
trust no member of either House of the leg,
islature will give countenance to such an
idea. Pride of oftcharacter, the dictates Of pa
triotism, and a decent regard for the opinions
oe mankind, should lead us to frown indig-
nantlJ upon anything looking toward tie re.
| pudiation of our honestly contracted obliga-
tons. OF the thirty-two million dollars con-
stitutipg our State debt fully .three-fourths
were incurred By the State loaniue her cred-
| II, aud issuing her bonds 10 the different
Railroad Companies Of the Stite To secure
the payment OF these bonds, the State hasa
first mortage upon all RAILROADS so aided,
making her security fully adequate. Capilal-
| lists aud dealer, in stocks, we'll understand
ing these facts, have no lack Of confidence in
the ultimate redemption Of Tennessee Bonds;
indeed, our Bonds had gone up to seventy
| eight cents on. the dollar at the time OF the
recent diHculty ia New York Here viii
take occasion to say, that after Arrangements
were completed to meet the July interest,
and everything was deemed secure, a most
foul conspiracy was enteredinto somewhere,
eliminating At New York. evidently designed
10 iullre the greditof our State aud depre-
ciate the price of her bonds, for purposes of
speculation. Tue result of which has been
10 delay the payment Of the July interest,
and also to greatly depreciate the value Of
tie State BObds. To meet this extraordiory
emergency Is, iu part, the design Of couvrn-
ing the General Assembly at this time. Lan
unable'to indicate the guilty parties in these
velarions transactions, The New York press,
rs we'll vs. sandty letter writers, .mplieate
Tennessee railroad men aad ,meu,hers of,tbe
Financial Board, Others charge i upon
New York parties bond holders aud stock
spectators What Isproposs is ihs that
yoa appoint joint committee OF your best
and dabest meii wiz. fun powers 10 send for
persons and papers. so AS 70 sin ths matier
to the bottom, aud ferret ont the guilty par
ties, whoever they may be- and, u fopud
guilty, you should proceed TO TO sue thsn fOr
damages in the name OF the State sncf
SUMMARY and exemplary treatment Of 50 Hs,
grant offenders may serve TO protect the
State from like disaster in tbe iuiufs, and
to maintain she standard Talne OF Der bonds.
Some Of the Railroad Companies commit-
ted the great error Of not making their pay.
ments ia advance Of the hrst Of July. The
Comptroller will inform you who they are.
In the disyharge Of my duty, served tho
following noiice upon them "a; 81
ExKccuyB 0YriCn,
NAsHtILLE, Tsss., Nav "a 1858
70 fis Raiiroad, QLiks S,ais ef 7saae,iir
Il u made your duty BY ths laFios 1852,
aud dso By the act entitled IAN Act 70
HqaidAte tbe debt or The State talliug due