Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-03-21
TELEGR RAPHIC.
Governor Marks on the State Debt
Again.
He Sends In a Special Message, Which
Is a Weak Thing,
But Shows That He is Thinking on
the SubjsGt.
Col. BurCh Secures the SeCretaryship
of the U. S. Senate.
The Day Consumed with Democratic
Caucuses at Washington.

sps oia' % 'he shronioie.
SEEATE.-The Committee on the
-lOrbett Issue recommended its pay
ment in four installments, passing
through four years.
A joint resolution to provide for a
Board of Visitors for the University
of Tennessee was offered.
Mr.. Roberts moved the passage
of the Finance Committee bill to
settle the State debt.
Mr.. Tolley moved to substitute the
amendment providing for the settle
ment at fifty cents and four and FIVE
per cent. interest, according to the
denominations of the bonds.
Pending the discussion, the Sen
ate adjourned.
The bill will probably pass. The
question under debate is whether to
submit it to the bondholders or the
people first.
HoUsE-NIr. Wiltse introduced a
Bill, on behalf of the Republican
mombers, to settle the debt at ST. 7
cca; six per cent. interest.
Dlr. Gregg ole. cd resolution to
provide for the adjustment of he
{. te debt il accordance with the
{ overnor's Suggestions. 4 motion
20 suspend rules and take up the
resolution failed.
House bill to add to the curricu-
lum of public schools the elementary
branches of public schools passed its
final rc~Ging.
House oil to allow Enox couutr :
to build tu.npikes and charge tolls
passed second reading.
The Governor SEM in the follow
ing message to both Housess:
[ have the honor to submit here
with the accompanying communica-
ton from the HaiI5o4d Companies
Of the State. 1t will be sccl from
their communication that ,ne Eail-
road Companies propose 60 abandon
all claims 10 charter exemptions,
and to submit to such al assessment
Of their property rs we re ,uire, and
to contribute from eigu,y TO o2e hun
drcd thouSand dollars PEE anlum
upon lax of forty per cent.
lhis offer Oh the part of
The Railroad Co Ipanies to con-
uibute to the common burden
IS made in the right erection. For
oDviods regsouS the railroad com,
pLnies are largely Interested in the
satisfactory adjustment Vi the State
debt, and as they declare them elves
Tor d settlement THAI viii not eX-
cced tax of forty cents for all pur-
poses, it simply remains for you to
determine whether you VII mee-
them on that basis. 1t is appaten
that Is the railroad companies and
tax-paye Of the State can unite
upon common ground that a salts
factory settlement viii Immediately
iOllOw. As the tax~pa vers
of the State are more in
terested in the amounS they
nave to p,y as taxes thai
they are in details Of the settles
ment adopted, it is respectfully
suggested that you deter nine the
measure Of taxes you are willing to
levy aud let the details Of tie settles
nent follow, As the people in con-
ventior have { number OF tines de-
Glazed their ability and willingness
to submit to a tax Of forty cents, |
am of the opinion thai they will
ratify the settlement upon that basis.
while this suhjecs remains unset
tied, il will continue to be a fruits
fui soal,s OF dis action ant expense
10 tie SAKE. If it is in your
power % Icacl = j st aettleGeas OF
it at yodr r.eseat Sc Ion, it ought
20 be GCle. Nn5 settlement you
may a gree uoon VII have my con-
curreIoe, bich viii not require a
Greater "a 1c Uaxq ion than forty
cents, which Goes OF make the cou-
pous receivable fCr taxes, and whicl
pro, :de5 fyr Submission Of
the settlement ,Gooted TO the
people, for their ratification
or rejection at the ballot box. If
you reach basis of settlement L
suggest that you fix a minimum
amount to be paid by Railroad Com
panles, and set it apart for applica-