Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-06-24
Special to the Memphis Appeal. ]

Senate the Railroad Investigating Com
mittee submitted the report Of said com
mittee relative to the bonds issued by the
State to the Memphis, Clarksville and
Louisville railroad company.
On motion of Mr.. Cooper, of Bedford,
500 copies of the report were ordered to be
printed, for the use of the Senate, and the
subject matter Of the report recommitted
to the committee, with instructions to re-
port by bill or otherwise what action ON the
part of the General Assembly is necessary
for protecting the States interest. The
report shows that from March Is, 1855, to
July L, 1866, bonds of the State amount
ing to s., $50, 600 were issued to the Mem
phis and ClarksviIe and Louisville Rail
road Company, and that the amount of
debt due the state from said railroad COM
pany is S2,4O6,l42. The road is eighty
three miles in length, and the State has
advanced in bonds and interest ah at
$500 per mile, and yet, say
the Committee, the road has never paid
into the State Treasury a single cent on
any account whatever. They recommend
Legislature or through the duly author
lied officers of the State to either sell the
road or make such equitable consolidated
running arrangement with its connecting
roads as will secure to said road an
equitable proportion or pro rata
of the general earnings and to secure
a general settlement between the for
mer receivers of the road and the State.
They also advise an early adjustment of
the difference between this company and
the Louisville and Nashville railroad com
pany growing out of the Budd's creek
disaster, and ali other questions arising
out Of the contract between the two COM
panies.
The following new bills were intro
duced:
By Mr.. Cooper, of Bedford: A bill to
repeal the act chartering the Mediterra-
mean and Oriental Steam Navigation
Company. Passed.
By Mr.. Cooper, Of Davidson: bill for
the relief of receivers OF public revenue
in certain cases. Passed.
By Mr.. Bryant: A bill TO amend the
act redistricting the judicial circuits.
Passed.
House resolution to appoint joint
committee to consider and report upon
matters in dispute between r. B. Cheat
ham and the Railroad Investigating Com
Inittee was referred to said committee.
House resolution directing the Comp
troller to employ a suitable person to ex-
anime the dockets ard papers Of courts in
Shelby county, in reference to bills Of
cost against the State, was referred to the
Committee on Finance.
The following House bills passed the
first reading:
To empower the Chancery and County
Courts to grant rights of incorporation;
to provide for the punishment of default
ing members of partnership firms; for the
protection Of game in Shelby county; to
abridge the privileges of trading
boats; to change the line between
Giles and Marshall counties; to secure the
early payment of the school teachers; TO
regulate the business of life insurance; to
repeal the act authorizing Unemployment
of a superintendent of the capitol; to re-
gulate the appointment of State directors
for the Memphis and Ohio railroad; to re-
fund taxes improperly paid the State.
The House bills on their third reading
were thus disposed of: To authorize the
Comptroller of the Treasury to employ
additional clerical help passed. To
amend the laws in relation TO the Gov
ID 80 fgfv
the inspectors to regulate the salaries
of officers and ordering the sale
Of the stone stone quarry; passed. To
authorize the issuance of duplicate
bond 10 ThOs. J. HufI, in place OfOne lost.
A bill in lieu was recommended by the
Judiciary Committee, authorizing the
Comptroller to hear the proof in all such
cases and report te the General Assembly,
which was adopted and passed its third
reading.
Senate bill to place the Rogersville and
Jefferson railroad in the hands of trus-
Lees came up on its third reading, and
being so amended as to provide for the
leasing Of the road under certain circum-
stances passed.
The following new business was intro
duced in the House:
By Mr.. HonbergeT: A resolution call
ing for report from the Board of Com
nissiOners OF the School Fund.
BY Mr.. Neel: A bill to repeal that sec
tion Of the law imposing tax on lawyers.
By Mr.. ROsson: A bin to detach Harde-
man county from the Fourteenth and
attach il to the Thirteenth District.
BY Mr.. knight: A resolution calling
for immediate action against all those
parties who have wrongfully received any
of the bonds Of the State. Laid over.
By Mr.. Enloe: A bill TO amend the
lease Of the Nashville and Northwestern
railroad so as TO authorize the Nashville
and Chattanooga Railroad Company to
build the Huntington and Jackson
branch Of said road.
By Mr.. McBath: A bill guaranteeing
sherids and other collecting officers the
per cent allowed by law on all debts, exc
cutions, etc, coming into their hands for
execution.
By Mr.. Hornberger: A bill to prevent
conflict Of jurisdiction between chancal-
lors.
BY Mr.. Hornberger: A bill to prevent
a conflict Of jurisdiction between Circuit
and Criminal Court Judges.
Senate bill TO prohibit the Comptroller
from paying the bonds issued TO George
Nancy in aid Of the Tennessee and Pacific
Railroad, being the special order, was
taken up. Messrs. Rhes, Rosson and
Townsend made speeches against the bill,
while Messrs. Thomas and James, Of
Hamilton, advocated it's passage. Mr..
Thomas made an elaborate speech OF
nearly four hours length.
Mr.. Dillin offered an amendment pro-
hibiting the payment Of any Of the bonds
issued TO blanks or bearer. A motion to
lay IL on the table was carried; ayes, 81;
nays, -, without coming 10 a vote on the
passage of the bill. The House adjourned
until $3.50 tomorrow.
s.ssoCIATED PRKss DESPATCH.
NASHVILLE, June 28.-Bm to annul
State bonds issued to the Mineral Home
railroad passed both branches OF the Leg
islature, but the Senate has not coneurred
in the House amendment.
A similar bill, relative to bonds issued
to the Tennessee and Pacific railroad,
originating with the Senate, is before the
House on it's third reading, and was dis
cussed at length, to-day, without re-
suit.