Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1876-09-21

of taxable property? Then, he
may have belonged to a "ring"
anxious and interested in put
ting up the Tennessee bonds
Noao, may he not belong to
"ring" equally intere sted in
bringing them down?
HIS VOTE FOR THE SALE OF THE
RAIL ROADS.
On the 18th of June, 1870,
there came up in the Tennessee
Senate, Senate Bill No 81, to
authorize the sale and transfer
of the interest Of the State in de-
linquent railroads. After some
unimportant amendments had
been acted on, =
"The Bill then passed on third
reading; Yeas, Is; Nays, 3.
Senators voting in The affirm
ative are: Messrs. Bryant, Glenn
entson, Cooper, of Bedford,
Cooper, of Davidson, Cubbins,
Eason, Faulkner, Hall, Hart,
Luttrcll, Martin, Nelson, Palm
err, Peyton, Pearson, Self, Slaugh-
ter and Mr.. Speaker Thomas.
Senators voting in the neg
alive are: Messrs. Etheridge,
Green and Hawes.
See Senate Journal 1S70-71,
page $50. We think that time
has demonstrated that the poll
cy of selling out the States in
terest in these roads was a good
one. They brought fifty percent.
more than they could be sold
for now. We knoac of two of
them whose aggregate length is
about 80 miles, which then sold
for an equivalent in "green-
backs" of 100000 and brought
back into the State Treasury
100000 of the bonds of the
State, which can now be pur-
chased for 100000 in green
backs" Mr.. Thomasdidright
voting for this bill; and hence
we think his followers should
not raise false and foolish clam
ors in regard to it.
HIS VOTE ON THE ACT OF JAN.
20. 1870,
Allo wing solvent rail roads
to liquidate their Indebtedness
to the State in any of the bonds
of the State.
This Bill came up for final ac-
ton on the 10Th day of Janua-
ry, 1870, when after a number
Of amendments had been offered
and disposed of, the following
proceedings were had:
"Mr. Cooper, of Bedford, of
fered the following amendment:
'Sec.-Be 1t further enacted,
That nothing in this act con-
tanned, shall be so construed as
to diminish or destroy any spe-
cific lien, which any holder of
any particular bond of the State,
may have upon any particular
railroad for the security and fl
nal payment of said bond, and
the interest which may accrue
thereon
Mr.. Clementson moved the
previous question, which was
sustained; Yeas, IA; Nays, g..
Senators voting in the affirm
alive are: Messrs. Bryant, Glenn
entson, Cubbins, Eason, Greene,
Hall, Halves, Luttrell. Martin.
Millsaps, Nelson, Palmer, Self
and Mr.. Speaker Thomas.
Senators voting in the mega
tive are: Messrs. Cason, Coop
er, of Bedford, Cooper, of Da-
wilson, Etheridge, Faulkner,
Hart, Morris, McFall and Pear
son.
"The bill then passed its third
reading; Yeas, 10; Nays, 8.
Senators voting in the affirm
alive are: Messrs. Bryant, Glenn
entson, Cubbins, Eason, Greene, |
Hall, Halves, Luttrell, Martin, !
Nelson, Palmer, Self
and Mr.. Speaker Thomas.
Senators voting in the mega
tive are: Messrs. Cason, Coop
er, of Bedford, Cooper, of Da-
wilson, Etheridge, Faulkner,
Hart, Morris, McFall and Pear
sor.
"The bill then passed its third
reading; Yeas, 10; Nays, 8.
Senators voting in the affirm
alive are: Messrs. Bryant, Glenn
entson, Cubbins, Eason, Greene,
Hall, Hawcs, Luttrell, Martin,