Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-01-25
TENNESSEE LEGISLATURE
NASHVILLE, January p, 1859.
Senate.

NASHVILLE, January II loet.
/ Senate.
The Senate met today at 10 O'Clock,
am, Speaker Senter in the chair, and
twenty-five members present.
By Mr.. Nelsnn: Bill to aid in the COM
pletion Of the Knoxville and Kentucky
Railroad. The billprogides that the Gov
ernor shall indorse the bonds OF the road,
and if The road fails to pay interest, the
Governor, Secretary OF State and Comp
/ troller, after giving thirty days. notice,
/ shall proceed to sell said rOsd and all the
property belonging TO the company, for
/ the protection of the State.
By Mr.. Rodgers A bill to appoint an
oil inspector for the State Of Tennessee,
to be nominated by the Governor.
Authorizing the issuance OF State bonds
to make up the amount OF the school
fund. Adopted.
HOUSE RESOLUTIONS.
Directing the G G,vernor to employ
counsel in the prosecution of the indiet-
ment against George r. Rutter, Presi-
dent of the Tennessee National Bank of
Memphis, charged with fraudulently APP
propriating the school fund. Adopted.
Directing the Treasurer to execute the
revenue laws Of the State. Laid on the
table.
Providing that no more bonds shall be
issued to railroads that failed to pay the
January interest. Laid on the table.
rendering thanks to Judge Howard for
the enforcement of the Ru- Klux law.
Adopted.
SENATE RESOLUTIONS.
Author zing T. B. McElwee to sell the
) S.ate interest in the Tennessee National
Bank. Rejected.
That the General Assembly will not
receive any more propositions looking to
the repeal OF the franchise law at this
session. Adopted.
Instructing tie ) snators in Congress to
take such steps as to secure the loyal
citizens protection. Adopted.
House.
RAILROAD RECEIVERS.
Senate bill $40, to abolish the office Ct
Receivers of railroads, was taken up as
the special order. The report Of the
Committee on Internal Improvements
recommended the rel j5ction OF the bill.
Mr.. BOwles moved to concur in the re-
port of the committee.
Mr.. Waters hoped that the report
would not be concurred in. He believed
with GOV. BroWnloW, that the appoint
A4Chb VI - ENNANCAS NtHNRAiOO Oh2t oAuA-
ti00al burdens on the ; ate.
Mr.. Myers made a lengthy argument
against turning oyer delinquent rOs DIS to
the companies, contending that all which
did not come up to the rack should be at
once sold out. He was opposed to the
bill in toto.
Mr.. White demanded the previous
question.
The demand for the previous question
was not sustained-syes 20, noes As.
Mr.. II zach took the j Dor to discuss the
bill, but yielded to q motion to adjourn
to 2 p.m., with the understanding that
he should have the floor when the House
bled.
Adjourned to 2 pm.
Afternoon Session.
The consideration OF the r .ilroad Re-
bill was resumed, Mr.. Roach
having the tlOOF.
He commenced by ssying that the
Northwestern r lad did not owe him
nor did he owe anything to
that road, so that he could speak impair
TALLY, and with sole reference to the in
terests Of his constituents. He proceeded .
then to define the duties of receivers. as
lsid down in the Code, cOntending that
the object OF the law was to secure the
interest due the ; ate, while the very re-
verse of this had been brought about by
the appointment OF the present receivers
On the different roads. Phe present law s
has manifestly proved a failure, on the
of GOV. BroWniOw himself
and because it has plainly failed to meet
he expectations contemplated on its en-
Take, for instance, one road
slOne-the NorthwesteTn-and see how
he II 1ceivership business has operated
n its management, and what profit it
las brought to the ; ate. Fourteen
months ago the debt due by this road to
he 5 ate amounted to S3,064 500. How
iOes the debt of that road stand to-day?
lust look at the figures, and aek then il
his law should not at once be reneSlad &
The debt that FOaa neW owes the 5 ate
oots up, SO shown by official documents,
% the enormous sum OF 81. llQ. 500. In
Ourteen months, it will be seen, the ac.
ual debt OF that road has increased over
. million of dollars.
At this rate, who will contend that
anything has been gained by the appoint
nent of Receivers Does any sane man
that they age not running the
Dads IN debt, and yet, where does the
money go to- The Memphis, Clsrks. ,
yille aud Louisville Il )ad, and the G 1ge- |
ield and kentucky Hoad were next re- {
erred to, the speaker showing that the |
Z eceivers of both these roads had been
Gn2;Gg them in debt. the McMinn- {
lille and Manchester r lsd was also q {
'urden to the people OF the ) 5ste in the j
lands OF Receiver, while it is a notori- {
us fact that private citizens of respeeta-
ility have offered to run the road, and 6
hfteen thousand dollars a i
ear income to the STATE, !
The speaker next referred to the appro- {
riaIions to different roads, and the large 1
mount Of bonds turned over to certain I
seceivers, in some cases three or four |
ines as large as the security bond re-
ulred Of the i 9ceivers. ) lms of these /
sceivers gave bond in the sum OF fifty I
thousand dollars, and Immediately there /
fteF were entrusted with : ate bonds to
ne extent OF three hundred thousand I
ollars. What has become of sll these /
onds? T
Then, again, why is it that there is I
lch marked partiality in the appoint r
lent OF i ceivers2 How Is it that East !
ennessee roads, equally involved in :
ebt, have not had Il 'eaivers appointed
et GOV. Srownlow answer, II
In conclusion, Mr.. II zach made an I
arnest appeal for the repeal OF the law, I
as it had so msnifestly been 3 e
rest failure. I
Mr.. Bosom followed, eontending >
gainst the repeal of the law. Before he G
ad concluded his remarks, the House e
1Iourned until 10 O'CLOCK Tomorrow. I