Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-04-01
STATE AFFAIRS.
The State Credit Movement Growing
More Popular with the People-Bear-
den's Case-His Statement-A
Protest by the Regulators
for Political Capital.
The Contemplate Meanness and Little
ness Of the Gang who Formed q Ring
to Cheat the Creditors Of the
State-A Death Struggle.
Special to the Appeal

Special to the Appeal.
NASHVILLE, March 3i.-rne american
has already received numerically signed re-
sponses TO the call for a nom partisan State
credit meeting to be held here April 4th,
from Coffee Robertscn and Benton counties,
announcing that nine-tenths of the people
favored the settlement of the State debt at
fifty cents and tour per cent.
BEARDEN's CASE.
The house committee appointed to in
vestigate the conduct of M. d. Bearden, con-
elude their report as follows:
While they are reluctant to believe that N. D..
Bearden has been guilty OF corrupt conduct In pro-
admit that the testimony against him is Of q grave
and serious character, and this testimony forces
denis conduct at Nashville In 1858 was exceedingly
questionable, even 1t were not actually corrupt
In the report they give
BEARDEN'S STATEMENT,
which is as follows:
represented the Knoxville and Charleston rail-
Shepherd. Of Hawkins, Singleton. Of Carter, and
some one else whose name DO not now remember,
favor Of the passage Of the omnibus bill, and ali
wanting an Appropriation for some little road in
room at the St Cloud hotel. and said: I'VE want to
borrow some money. and II you VIII let US
did not state what they wanted with the money.
neither did ask them. In few days after this oc-
Cloud hotel. and ave me back the amount which
had loaned them, stating at the time that he had
not used the money This Is all that ever occurred
never gave money Or any other valuable considera-
ton to any one for ais vote or influence either d.
rectly or Indirectly.
LEGISLATION.
House.-Senats bill to repeal certain acts
| relating to debts relating to municipal corpo-
rations, and having special reference to tax
ing districts, passed third reading.
PROTEST.
The following protest was presented with
the request that t be spread upon the jour-
nal:
We, the undersigned members of the house of rep
resentstves of the fsrtyrst general assembly, offer
the following profess against the passage OF senate
D 81 n n daS ~ y sMe tho neon,a
to settle this question at the ballotbOx and subjects
| them 10 the will OF the bondholder.
1 a contingent depending on a condition precedent
that the boHdholdeTs can defeat whereas It is due
the people that the Whole question OF law eGG and
| for their decision.
Third If the bondhdders are to be consulted at
| all, their own proposition should have been sub
mitted without mobilization, instead OF one that
/ they declare, will never be accepted By them.
Fourth-We believe that 1t Was the result OF an un
due influence and violation of parliamentary law
and that 1t will not receive support when submitted
| to the people
fuse to levy taxes sufficient carry out its provisions
we are clearly of the opinion that the propositions
of the railroad presidents, II not so Intended Is
fraud and cheat deceive and entrap the unwary,
there being nothing In 1t that can will bind com
panies or their stockholders
nual interest, and 10 pay the principal In reason
able time, than the people are willing or able Il
| Seventh-The policy Of the bill dstrusts the peO
pie. II requires them to say yes or no TO solitar,
! proposition, neither acceptable to them nor thu
! h0ndhnldera