Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-04-05
STATE CREDIT.
Meeting OF Influential Men of the State
OF all Parties at Nashville Yester-
day-ResOlutiOns Adopted In.
dOrsing the Legislatures
Compromise.
An Earnest Effort to be Made to Secure
the Acceptance of this Proposition
by the Creditors and People
OF the State-Repudia-
tiOn Squelched.
snecIal to the snneal.l

Special to the Appeal
NASHVILLE, April 4-The State-credit
meeting was organized by calling Judge
james Whitworlh TO the chair, and electing
+. r. Butler, w. H. jackson end w. F.
Poston "a vice presidents; Rnd II. M. Wiltse,
Duncan r. Doris and Hugh Anderson as
secretaries.
The folo~ng committee of one from each
congressional district, in order named, was
appointed on resolutions: r. Butler, John M.
Fleming, Tnoordore Richmond J. w. Judd,
J. w. Chidress, DIR. Wright, Z. w. Ewing,
w. T. Warden. Wilson Williams, Joseph B.
Sykes. Ex Governor Neil S. Brown was
added to the committee.
The following preamble and resolutions
were unanimous y adopted:
WHEREAS, The Legislature Of Tennessee. at its re-
cent session, passed an act proposing to the bond
the State OF Tennessee at the rate of fifty cents on
the dollar, with four per cent Interest," and whereas
without discussing whether this rate. OF set
Element meets our Views or not, or whether we, as
citizens and Taxpayers, would have been in favor of
clielng more or would have prefer red less We re-
respectful consideration. This result was
reached aitsr long and laboLions effort tSt
situation elaborated with signal ability and
search. and whereas, there must be an end of all
sITife. whether between countelvlewS OF policy or
opposition or physical forces, and we are DESTROYS
OF peace ann TePose, we as citizens OF Tennessee,
representing all shades of partisan political opinion,
resolve that Ex-Governor James d. Porter, Hon. Z.
r. Butler, Ex-Governor Joan C. Brown, W. j. Sykes,
Theodore Richmond, d. Weaver, G. A. WaShiDeto ton,
VIM Rule. Ex-senator Henry Cooper, ]. W. Clap2
and James Whitworth be appointed a committee to
at visit New York and confer with the holders
of bonds In reference to the proposition SUBJ
mitted TO them by the legislature of Tennessee and
hereby pledge ourselves that should said propo-
stion b. accepted by them, We will do all In our
power procure the ratification of the same by the
people of TennesSee, and TO carry out the same In
good faith.
RtSolesi, That we will do everything honorable
within power 10 secure the passage OF act by
the legislature that Will assemble extra session
under the provisions of the act proposing the settle
ment of our Indebtedness, that will set apart an
amount to nay the bonds when they become due,
which shall be known end designated the Com
promise Bond Tax" which shall not be diyeI t. d
from this purpose.
RsSolUed further. That said committee, before its
departure request of his eXc3liency Governor MaTks
ary Information ne mag have bearing upon the QueS-
ton thai may be of benefit to them in their mission
The american has received letters from all
parts OF the State, asserting in the most posi-
live terms that the people will ratify the fifty
cents aud four per cent. proposition, If ac-
cept d 10y the creditors.