Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-01-12


Mr.. White offered an amendment re
curing the collectors of East Tennessee tC
deposit public moneys in the Peoples Banh
of Knoxville
Mr. Speers proposed to amend the
amendment, which was accepted, by re-
quiring the officers of the counties of Ma
rion, Sequstchie, Bledsoe, Rhea. Meios.
MeMinn, Polk, Bradley and Hamilton 10
deposit the moneys collected by them in
the First National Bank of Chattanooea.
Mr.. Bosom was decidedly of the opin-
ion that that portion of the bill making
only one depository for the public money
should be stricken out, and that the depos-
itories heretofore existing at Memphis and
Knoxville should be allowed to remain
such.
Mr.. Smith offered an amendment in lieu
of Mr.. Whites amendment, requiring col
lectors to receive only one-fourth of taxes
IN notes of the Bank of Tennessee, and
designating as repositories the First Ma
tonal Bank of Memphis, the Fourth Ma
tional Bank of Nashville and the peoples
Bank of Knoxville.
| On motion of Mr. James, of Hamilton,
the amendment in lieu was laid on the
table.
| Mr.. James, of Hamilton, offered an
amendment to Mr.. Whites amendment,
which was accepted, requiring banks desig-
mated as repositories to enter into sufficient
bonds to carry out their obligations.
Mr.. Townsend offered an additional
amendment to the amendment, which was
accepted, designating the First National
Bank of Memphis as the depository for the
Western Division of the State
Mr.. Warren moved to substitute the Mer-
chants National Bank of Memphis instead
of the First National Bank.
Mr.. James, of Hamilton, moved to Law
all the amendments on the table Carried
ayes, As; noes, %.
Mr.. Tucker moved to lay the bill on the
| table. Lost-ayes 2f, noes AZ.
Mr.. Speaker Thomas moved, in view Of
| the importance Of the bill and the necessity
of having ample time for its consideration,
that the further consideration of the bill be
postponed until Friday morning.
MIR. Hornberger also favored postpone
ment. He was opposed to this thing of
taking Tennessee money Unfortunately
for taxes, it being deprecated currency.
Mr.. Cheatham asked if the Supreme
Court of the United States had not
definitely settled the question in regard to
whether notes of the Bank of Tennessee
should be received in payment Of taxes or
not?
Mr.. Hornberger replied that the court
had only settled the matter in part
Mr.. Rhea secuted the idea that the State
was not bound to receive for taxes Bank Of
Tennessee notes
Mr.. James, of Hamilton, moved to lay
on the table the motion to postpone the
consideration of the bill Hostages, % ;
noes, 81.
Mr.. Townsend moved that in view of the
conflicting opinions about the bill, that it
be referred to the Judiciary Committee.
Mr.. Thomas spoke against postpone
ment. 1t was important that this bill
should pass at once. The question of
whether Bank of Tennessee notes should
be received for taxes was definitely settled
by the highest court in the land, and it was
absurd for members on this floor to talk
about having settled it in paIt. The de-
cisiOn cannot and ought not to be avoided,
and the interests of the State demanded
that this bill should pass promptly in order
that revenue officers should know how to
act.
Mr.. Speaker Perkins contended that the
State was not bound to receive Bank of
Tennessee notes, dollar for dollar, for
taxes to be In future assessed, but at its
marketable value.
Mr.. Caldwell offered an amendment,
that nothing in this bill shall be construed
to apply to any other taxes than those
already assessed and due for years previous
to 1870.
Mr.. Everett offered an amendment to
the amendment, that parties offering to
pay their taxes In Bank of Tennessee notes
shall make affidavit that they had said
notes In their possession at the time the
Supreme Court decision was rendered
Mr.. Neil moved to lay the amendment to
the amendment on the table. Carried.
The question on the adoption of Mr..
Caldwell's amendment was then put, and /
the amendment adopted.
Mr.. Fleming moved to strike out the
second section of the bill, which repeats
section Is of the bill, designating one of
the National Banks of Memphis, Nashville
and Knoxville as repositories. Carried
ayes, 81; noes, 26.
Mr.. James of Hamilton, moved to strike
out after the word taxes, the words ''and
other moneys" in the first section of the
bill.
Mr.. Fleming moved to lay the amend
ment on the table. Hostages, Is;
noes, AZ.
The amendment was then adopted.
Mr.. Neil moved to reconsider the vote
striking out the second section of the bill.
Mr.. Fleming moved to lay the motion to
reconsider on the table. Carried-ayes,
80; noes, 81.
Mr.. Spears offered an amendment, allow
ing the collectors of the counties of Rhea,
Bledsoe, Hamilton and Sequatchie to de-
post the public moneys in the designated
depository at Nashville. Adopted.
Mr. White offered an amendment re-
quiring the collectors of the counties of
East Tennessee to deposit the money col
lected in the Peoples Bank of Knoxville.
Mr. Rosson moved TO refer the bill to
the Committee on Ways and Means.
Carried
Adjourned until tomorrow morning at
% o'clock.