Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-12-09
NASHVILLE.
Synopsis of the Proceedings of the
Legislature.
SPECIAL TO THE APPEAL.

SPECIAL TO THE APPEAL.
NASHVILLE, December 5, 1863.
Sepafe-The Senate bill to reduce the
tax on merchants and privile ges for Stat'
purposes fifty per cent. was taken up.
Mr.. Halls amendment making the ta2
on liquor-dealers the same as that impos
ed on other merchants, was adopted.
Mr.. Cooper, of Bedford, offered al
amendment providing that the salaries o.
all civil officers of the State other thar
Governor, Judges and Chancellors, whose
compensation cannot be constitutionally
interfered with during their term OF
office. and pay of members of the General
Assembly. and the compensation OF dele
gates hereafter to be elected to the Con-
stitutional Convention, shall be reduced
fiftv per cent. on the amount now fixed
bv law. and that the salaries
Of Governor, Judges and Chancellorsr
hereafter elected, shall be one-half the
amount now fixed by law. Adopted.
Nelson offered an amendment providing
that all civil officers and each member ol
the General Assembly, shall be required
to take one-half their pay in notes of the
Issue Of the Bank of Tennessee at par
Adopted-Morrison, and Cooper. OF Da-
wilson, voting in the negative.
The bill then passed on its third reading
bv the following vote; Ayes-Clement-
son. Cooper Of Davidson, Cason, Ether
Iaga. Hail, LuttreIl, Milsaps, Morris, Nc
ran. Nelson. Palmer, Pearson, slaughter,
Self, and Speaker Thomas: -. Noes
Cason, Cooper of Bedford, Faulkner, Hart
Homer and Martin; g.
House.-Barry presented communica-
tion from Judge Watson, trustee of the
Bank Of Tennessee, in response TO reso-
Iution of the House asking for informa-
tion a 10 the assets and liabilities OF the
bank. Judge Watson says it is almost
impossible 10 make q reliable estimate OF
what is good, doubtful and bad assets OF
the bank. because their character depends
so much upon questions before the courts,
but he furnishes the best information IN
his power. lie classes among the doubt
full assets Of the bank the proceeds Of the
S444.7I9 in gold taken from the bank by
the state, amounting now to S77S, ,9J5 cur
veBov. He also classes among the
doubtful assets OF the bank the S592,
3l0 due from the State for id
vances made to The Treasurer and
Military Board. He classes the
Sjss. .49i for loans made the South in
Confederate money among the bad debts
due. According 70 the recent decision OF
the Supreme Court, he thinks about ten
ger cent. Of it can be collected. Since the
date Of his last report he has collected
%. .443, leaving issues Of the bank now
outstanding, exclusive of the Torbett is
sue and fractional currency, =, ,4S6, ,269.
Rhea, Of Davidson, introduced a bill
thar the old issues Of the Bank of Tennes-
see si,all pass current in payment Of debts
70 the stsfe, and that members of the
Legislature, sRd all other State officials,
may be paid in said currency.
Jsmes, of Hamilton, introduced a reso-
tuition requesting the Secretary Of State
TO furnish information Of the number and
anlouat CT bonds issued to railroads since
the 9Th Of septeulber last. AdoPted.
House introduced a resolution author
5zing ti,e Comptroller to receive in pay.
ment OF bonlss issued to railroads, bonds
and coupons o. any series. Adopted.
House bill to enable railroads indebted
TO the state to liquidate their indebtedness
in bonds Of the state, was taken up.
Mr.. Fleming offered an amendment
providing that when railroad pays its
indebtedness in bonds of another compa-
nv indebted to the State, such bonds shall
not be cancelled, bat the State shall re.
tain lien upon such road to which said
bonds were originally issued, until tn,
debt Of said road is paid. Adopted, and
bill passed on its third reading.
Senate bill repeating all laws granting
State aid 20 internal improvements
passed on its third Feaeing, ayes 81, noes Z
BRUCE.
ASSOCIATED PRESS DISPATCH.
NASHVILLE, December S.-Dr. Watson
trustee Of the Bank OfTennessee, reported
70 the Legislature to-day tie circulation
Of that bank At y, Isl, ,259, exclusive Of the
fractional currency and Torbett issues
He could not determine the amount OF
reliable assets.
In the Senate the bill reducing the mer-
chants tax fifty per ent..passed on its
fnd reading, but before passing the bill
was so amended as TO make the tax on
liguor dealers the same as OBJ other mfr-
chants, and providing also that ali civil
officers Of the State, including members
ofthe Legislature, shall receive one halt
their salaries in the old issue of the Bank
Of Tennessee, and further that the
salaries of al civil officers, excepting
the Governor, Judges and Chancellors
now ina Office, shall be reduced one-ha!f
The same reduction is extended TO mem
bers Of the Legislature and Constitutions
Convention, and JudgsR, Chancellors an'
Governors hereafter.
The House bin to ratify the lease cf tn
Nashville and Northwestern Railroad
r,assed the senate on its second reading.
The bill permitting the railroads TO pa.
their indebtedness to the State in Stat
bonds. and repeating all laws grantin
State aid to railroads, passed the Hous
on its nHal reading.
The subject OF the common school wa
again before the House, and an amend
ment adopted suspending the collection
Of the school tax for 1870. The bill on Ia
subject was made the special order for to
morrow.
The Legislature today appointed
COMMITTEES to inform Mrs. James X. Pol
that the members would call on her in
body on Friday.