New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-06
TIE DEET OF TENNESSEE.

TIL LARGE VOTE FOR A REGULATOR AT 4 LEGIs-
LAIlvE EIrCUON-HISTOEY OF THE STATES
DEALINGS WITH lis CEEDUORS-THE SIXTY PER
CENT PLAN MEETING Win LITTLE Favor
NASHVILLE, Dee. 1.-The State Legislature
meets ON the JtH inst 70 consider the proposition vol
unfairly made by ITS bondhoidcr m the hope of aVcrDg
total repudiaon OF the state debt; viz that The people
az Tenncs,e Doe content with rcpudaug 80 per cent Of
g. and issue new bonds for tic residue. Ia 1873 the
legislature provided FOR funding Mcawbcrwlsc, dollar
for dollar Itls Is now proposed TO improve upon honest
Micawber's plan Of settlement. Nj VI ". Brien one OF
the s0l0ns from this county wound mp recent clahor
ate letter urging the acrcpau OF the 60 per prOp0
siton by suggesting that II after fair trial Tennessee
should tud large portion o. her Liabilities neon
vcucnt load 10 carry, nor generous creditors would
doubtless submit another funding The proposed plan
Is universally regarded here as heightened on
The part Of the glorious Old Commonwealth"
or course then it viii bear repetition, and thus
nearly all of her obligations by refundiug aud Who VIII
deny that rcfuulng is au honornie mode o. settling
win creditors The sentiment of her people rs 90 the
proposition is not accurately known nat may he sur
missed from thc result oi lc eecon lestei9ay o, mem
N"',n plli - CO. o,urf cont,ifins ne caTi-
state Tire member % Dee elected was 90 have no other
dufv 10 pefnrl flan % vote for the acceptance
t ~ a.. co trr com t,r,f,e. lfi,n together with
az COURSE the details 81 carving 10 ont n accepted since
the present Legislature is not 10 convene again 30 that
III vote yesterday may be regarded cast, not FOR fhc
crud.dtr. personally hut purely The measures adyU
Gated hy them respectively. There were three ctndl
daIes. A. =. toyar. formerly Of ne Confederate
Congress. and man ~ ability was understood 60 bc
RcrudiatoHst 10 NAV be- added That Doc Is an uIr"
fafoust Oliver ToWlc-, who has hitherto been only
municipal politician. gave ont mat. 10 forced 10 Say
Yc." Oh no" upon the so per cent proposition, ne
voud have vote " No. being uustglsrd Is Ia the
popular wishes in that regard but that he should ad'O
cate the acceptance oi the proposition ana tne pSsse
az the necessary auxiliary legislation subject u Idlca
zion rejection hy The people At an election TO DE held
the throughout the stale. This would U can
hardly be- doubted. result the defeat OF the propose,
ueopIe. their action would De VOID, according 10 TIE
weight Of authority an attempt on the part OF the
I4eislature To which legislative power Is confined hy the
Constitution % delegate that pow or 10 the people al large
and 10 throw upon them possibility belonging 10 the
Ie1.latufc and not thus 90 Dee slnrkcd The trd can
ddate, y. Davidson, wac squaieN i"i the acceptance
Democratic party here favored HIN; and n conuul
cation therein SET forth The uncousliuonlty OF
M T0wles's plan There was great Indifference ABOUT
election, polls being opened ID luuI Oi lle lth
vers o ne city aud good OF tine districts m
~ country Al 10 O'Clock last uRli. douhless thc
bulk the rcturnIiad been counted though some ma
Al. GOlvars l,24N. DeyldsOnr Onll 80, lolaI
vote cOuhted 3O2J Tie vote az The fresdeullh eIec
fio la-t wear Was 5000 In the city IOWcss majority
oytr (Olyar 431, but M the country '0JM q over
ToUlcs was 3Oj. As the vote not yet reported
l. from the country, IL Is not lmpiODabie that
Colyar is elected. out Of country vote
s0r every available proof had been brought To bear IN
acceptance Of the bOndbOdofs proposition
Key wrote nm earnest letter ufS
thai the STATE able 10 good deal more IMAM heI
HroSu div other leading men, also wrote letters
such result in Davidson County argues dseouragingly
for the Of the state goOd dea OF e1ah NE
enty been In reference 20 the state debt There
have inIVAssiOned appeals not W GIN The nthert
.rtarnished oscutcheOn of our glorious old STATE"
HE question naturally aT1seA "a 10 Shas u REQUIRES W