Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-03-08
The Mechanics Lien Bill Passed Third
Reading in the HOuse-MOre Cor
pOratiOns AbOlished-OurC Com.
missiOners at ROrk-An
Open Democratic eau
cus-Ete., Etc.
Special to the Appeal. ]

yestigating committee, submitted a report
without reading, as it had already been pub
lished.
Mr.. Driver moved to amend the motion to
print with the majority report, by striking
out the words minority report" and insert
ing "by the minority, the legal brief submit
ted in lieu of a report"
The following bills concerning Shelby
county were introduced by Mr.. League: For
the benefit of Augustus Dovica, in payment
of services for arresting felon; bill to pro-
vide for the payment of costs In the criminal
court of Shelby county to Hugh L. Fox in
1870
BY Mr.. Mathes-To limit the territorial
jurisdiction of Bartlett to that portion of
Shelby county north of Wolf river.
| The vote rejecting the local-option bill was
reconsidered and the bill committed
The following house bills passed third
reading: TO make eligible to school director
ship any female or male over twenty-one
years old, able to read and write. To pre-
vent the sale of pistols under penalty of fine
from fifty dollars to one hundred dollars, and
imprisonment at the discretion of the court
Maccabe's bill to create lien in favor of
mechanics In certain cases.
The bill to prohibit 1nsolvent debtors from
giving preference, and to secure creditors
| ratabie and Just distribution of aeSoto,
referred for want of a constitutional MAORI
ty, and the vote was reconsldered and the
| bill reoommltted.
Senate.-Mr. Byrd introduced bill to fund
the debt at sixty cents and three per cent. in
terest.
| Mr.. Talley-One dollar, fifty cents, and
| thirty-three cents.
The following house bills passed third read
ing: To make copies CT papers in the entry
| takers office evidence In courts. To amend
| the charter of Galloway so as to allow tax
collectors to assess property not hitherto as
| sessed. To repeal the charter of Adamsville,
| NJ To radupa tho aalarv IF
| the superintendent of the Tennessee hospital
for the insane from $4,000 to $4,000. To au-
thorize the sale of certain lots near Memphis,
in which the State has an interest. Toamend
| section 3542 of the Code SO as to protect the
| landlords liens on crops. To change the time
of holding the chancery courts at Trenton
| and Humboldt. To abolish the corporation
| of Madisonville, and to require the judges
| and chairmen of the county courts to enter
into bonds with security, and to make semi
annual reports to the quarterly courts.
The following senate bills were passed on
| third reading: To amend section 2786 OF the
| Code, so as to place the suretes of decedents
upon the same footing as the decedents; to
amend the act for the appointment of public
administrators and guardians; to exempt
| one-arraad a-,I nlno1.AA -~----- t. IL
rsy rnent of poll-tax.
| OUR COMMISSIONERS AT WORK.
| Commissioners Overton and Burke had a
| cation this evening with reference to legisla-
ton concerning the Taxing-District.
AN OPEN DEMOCRATIC CAUCUS.
| About ten Democratic senators ard fifty or
| sixty Democratic representatives held an open
caucus in the house tonight. Mr. Gregg
was called to the chair, and Mr.. Aimison
was made secretary. Speeches were made
by Senators Roberts,, Byrd and Tolley,
and Representatives Driver, Hall, Les
ter, Beasley, Stovall, Maccabe, and
Hon. E. A. James, en- invitation.
A perfect medley of resolutions were offered,
but none were. acted upon. The speeches
showed wide diversity of opinion regarding
] a settlement of the debt, running from one
| dollar on certain bonds down to nothing, and
a spirit on the part of the low credit men to
run out rough-shod those favoring the credit
| and honor of the State, one low credit man
| referring to the State-credlt papers as pub
lished IN the interests of the bondholders and
as a subsidIz I'd press, for want of any other
| argument to sustain an untenable position.
| The caucus adjourned till next Monday night.
| A MATTER OF QUESTIONABLE PROPERTY.
The reference of State debt matters by the
senate to the finance committee, whose
| chairman has often in the most emphatic
| terms declared there was no legal debt, is
commented upon in the most unfavoraole
terms, and is considered a matter OF very
| questionable propriety and a blow at the
4
r. T. WILSON INTERVIEWED.
The publication in the american of an in
| terview with r. T. Wilson has produced
| rather a decided sensation, showing, as 1t
does, that the secrecy of the committee was
| maintained with such unfairness as to allow
no one to be represented by an attorney, nor
in self-defense against its partial and er-
parte examinations.
OUR PUBLIC DEBT.
To the Nashville American:
An arithmetical calculation applicable to
the present crazed feeling for sealing public
obligations, and-which must quickly extend
to all private transactions unless summary
arrested, viz:
1O0c per-dollar at per cent. interest is par
and therefore no discount.
100c per dollar at per cent. interest Is
equivalent to 8315c per dollar, 16ss discount.
100c per dollar at ~ per cent. interest is
equivalent to 75c per dollar, 25 discount.
100c per dollar at 4 per cent. interest Is
equivalent to $3.50 per dollar, 1913 discount.
100c per dollar at 81 per cent. interest is
equivalent to $500 per dollar, AIS discount
100c per dollar at 3 per cent. interest Is
equivalent to SOC per dollar, so discount.
SOC per dollar at &c per cent. interest Is
equivalent to SOC per dollar. so discount.
SOC per dollar at 5 per cent. interest is
equivalent to Al &c per dollar, $50 discount.
soc per dollar at AZ per cent; interest is
| eQuINdlcHG W OIz2C per UOlldI, OI72 OloCOuHt'
soc per dollar at per, cent: interest is
equivalent to $500 per dollar, 66s5 discount.
3313c per dollar at 6 per cent. interest Is
equivalent to $3.50 per dollar, 6625 discount
$3.50 per dollar at 5 per cent. interest Is
equivalent to Csc per dollar, Is discount.
$3.50 per dollar at per cent. interest is
equivalent to % 1-6c per dollar, II SIC dis
count,
OOc per dollar at per cent. interest is
equivalent to reputation, 100 discount.
GIVEN, THE FOLLOWING SUM:
Suppose Legislative body is composed of
seventy-6ve per cent. scGters and forced dd-
JnSterS, ticenty per cent. ScGLers, who deny
being forced adjusters, five per cent. for par
settlement and payment, how many of them
are aspirants for senatorial, gubernatorjal,
congressional and other positions, once
deemed honorable, on the presumption that
their constituency are Dishonest and will re-
ward them for ill-gotteH gain in the name of
the 'dear people2" BYRD DOUGLAS.
still Pursuing the Renegade Chey-
| ST. PAUL, MINI, March Fort Buford
advlces to the Pi0neer-PreSS say that two
attachments were sent from Keogh to the
Yellowstone country to intercept the rest of
the renegade Cheyennes. The chances of
success are good, as the Indians cannot cross
the river On account of high water.
A PIucky Photographer.
TOPEKA, March THE situation of E. l..
Smith, manager of the Western Union tele-
graph company Of this city, who Is confined
In the capitol to remain there until the adj
Journment OF the Legislature unless he gives
to the investigating committee kilograms
sent from and received at his office in regard
to the late senatorial election, remains I'M