Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-09-22

Acts and results speak louder than plat
forihs.
Besides this, we have redeemed OF the old
issues of the Bank of Tennessee S2,l79,-
So 10, and, adding to this the other float
ing debt left as part of the Radical iega-
CIV, we have paid S3,4SS, T24.36. We have
also resumed the payment Of interest on
our bonded debt, on a rate Of taxes Of four
mills to the dollar or ICES than One-half Of
the rate during Radical rule.
The Democratic Convention which as
sembled I'm May afterwards, with the full
knowledge of my views upon these I'M
pOrtaut and vital Questions, made the fol-
lowing declarations:
1.-The Democracy of Tennessee assembled
in General Convention in pursuance of tie
call of the Democratic Executive Commit
tee for the State, for the purpose of NOM
mating candidate for Governor for the
term next ensuing. and Of taking such other
action rs the interests Of the party and the
public welfare may seem 20 require, do
declae:
l. Inasmuch as the administration of
Gov. John G.. Brown, by its prudence,
moderation and wisdom, by the fidelity
displayed in the discharge Of esery trust
imposed by the Constitution, or by
legislative enactment, upon the Exec
utive, ans by the vigilant care with
which the rights and interests Of the people
have been guarded and protected, has fully
vindicated the wisdom of the people of the
State in calling him to the GubernatOrial
chair, and, believing that such honesty, f.
deity and capacity in public trust, de-
serve, I'm these times, to be specially recOg-
nized, and than the welfare of the State de-
mands the retention Of Gov, Brown in the
Executive office for another term; We do,
therefore, unanimously present the name Of
Gov. John G Brown to the people of Ten
nessee as our candidate for reelection to
the office Of Governor; and in so doing,
pledge to him our united and most cheer
full support
quote some facts and figures from a
letter had occasion to write recently:
81 renewed kthe recommendations, pre-
viOusly made, on this question, and the
General Assembly passed what is known
as ''the funding bill" by which it was pro
vided that the bonds and coupons, due, on
or before the first day of January, 1874, and
none other than those due on or before the
lst day Of January, 1874 should be redeemed
by the issuance to the holders of new six
per cent. ten-forty bonds. And that the
bonds not due should be presented to and
examined by the Comptroller and Secretary
Of State. and if valid and legal should be
registered and stamped. 1t further pro
vides that the payment of interest be re-
sumed on the first day of July, 1874, but
that no interest shall be paid except the
coupons Of the new bonds and Of the re-
gistered bonds, falling due on and after
the first day Of July, 1874. These are the
leading provisions of that act. Under its
provisions. the officers charged with the
duty of its execution have registered Sl5,-
O72,OOO unraatured bonds, and issued, OF
new bonds, S5.562, 900, to take up paSt-due
coupons, making altogether SIC, 653,O 900
of which there have been since
paid in and cancelled $4,000, leav-
ing outstanding, first Of July, 1874, OF
the registered and funded bonds, S20,249,-
600, which fully appears from the fol-
lowing statement taken from the books:
CHARACTER AND AMOUNT OF sEcURI-
TIES FUNDED.
HPast due bonds, issued prior 70 the
war for turnpike, bond ana capt
| tol purposes which have been re-
| newed under the act OF lS73-......s 1ss,7ao y
| INITIATED bonds is.ue't PRIOR 10 the
| war, but not vet due, renewed I'M =.