Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-12-09
THE LEGIsLATURE YESTERDAY.

THE LEsSs n ESAEbDAh
SENATE. i
Senate bin to reduce the tax on mer-
chants and privileges for State purposes
fifty per cent, was taken up.
Mr.. Halls amendment making the tax on
liquor dealers the same as that imposed on
other merchants, was adopted.
Mr.. Cooper, of Bedford, offered as
amendment providing that the salaries of
all the civil officers Of the State, other
than Governor, Judges and Chancellors,
whose compensation cannot be consti-
honally inteIfered with during their
term OF Office, and the pay of the members
oil the General Assembly, and the compen-
satlon Of the delegates hereafter to be
elected to the Constitutional Convention,
shall be reduced 80 per cent of the amount
now fixed by law That the salaries of the
Governor Of the State, the Judges and
Chancellors hereafter elected. shall only
be one half of the amount as now fixed by
law. Adopted.
Mr.. Nelson offered an amendment pro-
viding that all civil officers of the State
and each member Of the General Assem-
bly, shall be required to take one-half of
their pay in notes Of the old issue of the
Messrs. Morris and Cooper of Davidson,
voting In the negative.
The bill then passed its third reading by
the following vote: ga @
Ayes-Messrs. Clementson Cooper of
Davidson, Eason, Etheridge, Hall. Luttrell
Millsaps Morris, McFall, Nelson, Palmer
Pearson, Self, Slaughter and Speaker
Thomas-15.
Noes-Messrs. Cason, Cooper of Bedford,
Faulkner, Hart, Halves and Martin-G.
HOUSE OF REPRESENTATIVES,.
Mr.. James, Of Hamilton, from the Com
mittee on Internal improvements, recon-
amended the passage Of House bill in lieu
of all others to allow delinquent railroads
to pay their Indebtedness in the bonds of
the State The roads are to file with the
Governor their written acceptance of the
provisions of the bill within four months
after its passage The hen Of the State
upon the following roads is released upon
the conditions stated as follows The
Memphis. Clarksville and Louisville
Road shall. three months after filing
its acceptance with the Governor
that is. seven months from the passage
of this law-deliver to the Governor and
Secretary Of State Tennessee bonds bear
ing SIX per cent. interest to the amount Of
It's total indebtedness 10 the State at the
time Of delivering said bonds; the McIinn-
vile and Manchester Railroad shall, upon
the same terms, deliver bonds 20 the
amount of S75G, O0O; the Nashville and
Northwestern Railroad shall deliver, as
aforesaid, in bonds three-fOurths Of its in
debtedneSs 70 the State; the Edge
field and Kentucky Railroad, $780,
600; the Cincinnati. Cumberland Gap
and Charleston Railroad. $500. 900
the Knoxville and Kentucky Railroad,
$1,000, 600; the Winchester and Alabama
Railroad, 5000. 900; the Memphis and Lit
tie Rock Railroad, $780, 600: the Rogers
Vile and jefferson Railroad, $3.50, 900; the
Knoxville audCharleston Railroad. $500
OGO; the Evansville, Nashville and Hend-
Crs0n Railroad. the amount Of its indebted
ness: the East Tennessee and Western
North Carolina Railroad. $500, 900: the
Southwestern Railroad, $500 600: the
Tennessee and Pacific Railroad, the amount
Of its indebtedness Or either Of the above
named roads may. within the time speci-
fled. deliver one-third of the amount speci-
fed, aud enter into an agreement to de-
liver the other two-thirds in two annual
payments, with interest, in which case a
lien shall be retained upon the road.
Should either Of said roads fail to comply
with the terms Of the bill as specified. then
the Governor and Secretary of State shall
proceed to sell such road
Mr.. Barry presented a communication
from JUDGE Watson, Trustee Of the Bank
Of Tennessee, in response to a resolution
Of the House asking information as to the
assets and liabilities Of the Bank. Judge
Watson says it Is almost impossible to
make a reliable estimate Of what is good.
doubtful and bad assets of the Bank. be-
cause their character depends so much
upon questions before the courts: but he
furnishes. he says. the best informa-
ton IN his power He classes among
the douhtfal assets Of the Bank
the proceeds Of the S4iL7I9 in gold taken
from the bank by the State, amounting now
am669g' tie di6aGTfdI assets d0if the Bank tie
Sj92. $40 due from the State for advances
made TO the Treasurer and Military Board.
He classes the $3.50, 494 for loans made
South in Confederate money. among the
bad debts, but according to the recent de-
cIslon of the Supreme Court, he thinks
about ten per cent Of it can be collected.
Since the date of his last report he has
collected 80 4lf. leaving the issues Of the
Bank now outstanding, exclusive Of the
Torhc't Issue and fractional currency, 81
5000
Bills We're introduced by Mr. Tucker, to
protect gme birds; hy Mr.. Rhea to regu-
Late t..a recovery and paying ont of the Is
sizes oi the Bank IF Tennessee. which pro
viIe- ,aat the oil issue Of the bank shall
pass current in She payment Of debts To
the State. ana That members of the Leri,-
ltUr. and all other State officials uIay be
paid in slil currency.
Mr.. James. Of Hamilton offered 2 reSo-
luton requesting the Secretary of State to
furnish Information as TO the number and
amount of bonds issued to railroads since
the 7th Of september last. Adopted
HoT-. resolution authorizing the Comp
troler to receive in payment Of bonds |
loaned To Eilr3als the bonds and coupons |
Of any other series, was concurred in.
House bin to enable railroads indebted
TO the State TO liquiiate their debt in bonds |
OF the State, WAS taken up. Mr. EIem-
ing offered an amendment, providing
that when a railroad pays its in
debteduess in the bonds Of another
company indebted TO the State, such
bonds shall not be Cancelled. but the State
shall retain lien upon the road to which
said bonds We're originally issued until the
debt Of sad road Is paid; provided that
the provisions Of the act shall not bo
so construed as t. apply to tie in
dOr5el bonds on which the State
is senpniaiily liable, nor to the sinking
fund now required by law to be paid 10y
railroad companies in this State. The
amendment was adopted and the bill passed |
It's third reading.
Senate l,N repalling al laws granting !
State al! 70 internal improvements, was
passed ON It's third reading, ayes II,
noes Z.
Com continues to improve in New
York under Secretary Boutwell, intcrfcr-