, 1879-01-24
The Proposed Issuance Of Small
Bonds OF the State.
Arguments Advanced by the Hon. W. j.
Sykes III Favor Of the
Measure.
Gov. Marks Message ~ 10 Alleged legislative Cor.
rrpiisn inrolsing l!ilIioas sf
Dollars.

''""'.o'u' is."'t .esut'"H 'nt ps'I''sa ,ssu"
a''en ~ s'e"'' "onos W ."e au'.''''t"h VI 'e"-
nc''e" INV e''c''s'i 'sat "ea' VI .o'i,'ens'"
'hc ps'I VI ''e l'cse H'''A P"'"t' 10 nv "en~
e'al hsst'oo!S' "o" III s.se'o" !" NaSa'''1e' u
easl'ns aoout ."s ica5'nie t"an ~ tei'e'e t''e
peoo'e !ro''' s"e "'tt'css WINCH '"cs a'c 'a'oos'
'"H ""oc1 ~ p.es.n.,
TUE f';"s Or h"' sfHEs
haY W WORTHY u eo's'oesa's'"' e'en =" " ~
hoL anopte"'
lila Idea IL, that bonds OF small uenom'na-
sued III lieu of tc existing l., prr ceut tuns, and
tt,nt tlwr ohn,,h n, +oten H., ,1t, .,r,,o NJ ht,,
49,. - 80 ,,e.,.,. s,,..,... " .s..s...., .S,.,.
ess " " our po.us; ou',,s neoh'essa''o" WIN
fnc, Mt. sykes said lie believed ls arrangement
might be made, to te rrlIef of The public, aInl
mt to tl,c ,letrinrnt of the rrca,t,rs. I1e d,d
not uvorato torlnf. The crctlitnrs II, ,nkr ,hr,c
h,,,d. h,cn,,.. r,r.sa ..,,,,,, m
~, t,,,,, ,,rose !. t.ns ,,. ,,,eo ror th, s,e,a
III w.. ,.",. ~. ~. d. 'a,,n. .'.'...
to dispose Of them to cIstzcns oil tic Slate.
stnatl bunds would 10 more yaluattc, al better
nr4rr. than larrr mira. hcra,,s,. tl,erc ,rnud he
,.,Io a,,1 ,r,tI,, -, ,,,r .,ar,
owners than largo bonds would; and, at the
sa,ue time, they
wo,,,n nv wour,, xour ro r,r prop,x
OF tne STATE, because theS eonl4 exe"a'lge thc'r
lat,l and other property fur these trn,ls, as they
would be useful nntl In demand for the purchase
NJ nrapcrtv tn Tennessee. AIaban,n b.h is.,,ed
kma't no'es or oonaa, ecat'ne or per
cent Interest, whcu hcr financial credit was very
little better th1n tllut ot Tennessee now IL; nlnl
they hal an,,yerrl A very yu,uab{e nurnnsc.
vtr,;n,, II, ,,.rt, t,,v. ,,,t doro s,,uo,,,, r"s
.,,ni1a, :, III. ,stt,' ,-,.nt sum.ss -. n,ts,t =,
oa1A'0A ~ s"Ss "a~H f'~A~ I''N-@'1f t' 'At+H| W
feSs q T;su'l"T 1.,os ~ t:,r," 1n.' ~
si ~. t Xxx a. III Vii s,,oa n1a,, eusTe ' 't,s
H. ~ ~. ,,o 20 ~, s,.n.o, txlr ill., ,otn,
iii ~ ~, n,o smn,r IN 1"nns.,r Mr nrrj1n;,
49, ~ ~, an" ,ri',,, Sns ~
pIompI ~. ~ ~ IVY NY. ,u,, as
.,.,,i, l." ~ ,, .aps,,o 20 ~. n,n ~ u -
,."r s,nt. M " % n,orv 1nn,ici,,s1 ,,.,,,.ntio1 -,
"a's It's ueps oao W 40 o"n etl@eAs'
IN satALh scAs,
SC that al. rich and poor, Inay own some of the
bonds Of thc btatc or OF the municipal corpora.
will b. inore ccrtainly, paid than a debt duo
ahrpatl II wns to til., Interest Of rcnncsscrans
tu exchange their bou.ls for their debts ut FUR
ralcs. l'ccausc. n ti.at event, the stLtc would
get more imtnagrnnis, nIHi ti!s 'nnis would
sun remain a. pa.s u s,,a:, Inc %ea'en aiM,
ploEe'tJ '"H o~"'. SlI.as'" ""o
M!sn ~ noiu tuneS mv nst, s u,s ,,Si ~ ~,
aaee uetua y. M..,, pmt t,u LII .. uous ~ ~
.s.n .fG W. us4i' t,,~ ' ,,,,1 ~ L. e"'s VI ,,..I ~!
ea pIiees, III uctu IT,, W. , W. ." n'un5 LI
15e1s, m' my WI " >" tu.', @ , hnin.n ust.Ma
s1,afI hnn1s ,.nfirrlrs lrt thrm ,r.r,r IN havc
. y. & 'e a., .,,,r hnIf T., " al, h,n.,a ~,
is, '. ~ .Hnt ,t.,.s ~, st ,,it ~. y.
o. oo.. pa,aes ea1H . '..t1 ~ Ggneu ,,,p ans'
''',i "u! u ~ .t,os ~ ns ~ H.. III -, tAo''
11t' ~ MS ~ '-'' ~ n ' ~ ~
NUT "EnPFn ~ AMI tt"H'
lie naa a suEssstuir, ,si,,ls, ,,ai, WI. pnEe1
iouc"'ao"'' ie,., ~ T",.'"s.u W. ,1Iensla! ,,.
" Ml' ~ L., 49, ar...a.' -, n" s, anu ns y
s.,ti,, Nm, ~ nmnssm"v far 1crms ~ i.,Isn n
.a'U ,, .tn,,", ~ ~ n,,s.. ~
~ c ou x.ta''a -. H.. ,,en.,t. s -,
- ,.,'!.,, H. ,i,,ns,t H. ta..pi f,
a.sup.eu 'ass I,,t, ~ ,. ts
.ntc t Hs ooua ~ rs;, .t'at ~ i., .ots " W
t .ts es'iLc IVY '.ni.., 'h't MI. a!os T..
'.,.' '1 .nti,. -. H.. n"t y,r, o,'I ~, ~. ~
Hop;s; aes1'u .. - ~. pi.u.1.i '.I ~. ~. iua
~. s'e.eaa. ~, ,or, ~ '',.uom mMh H. 'ct
wuu,u nesept' 1as eaensi, nu,".sctt '.'at ~
,, @ anu su ~. ~
y ~ ~ H., wnm S iiI,nt ~ ~ a..
VI ~. "s ine !Sulso n"ua H. W .ne's ~ neeet::
s.!I. ~ I liz tisnun . W ,, o otu ~ .t eoulu
aosoca'o WIN sltone h'po " suceces'
GOFs' FohTEN AAF AAhhe.
The term OF Oll!cp n{ thu Hon. Jalnc9 y, For.
ter as tioycrnor Of Tcnncsscu has c1prrd, md
tie lion. Albert 8. Ahrks t.s been rloIlA d with
lie authority Of Chief Executive Of the Htate.
Having uu!lch thu rules OF Office, Gov. Porter
Leaves tomorrow for l,,.rs, llrnry County, his
oil home, wheru he will resume tho practice OF
law,
The SUCCESSOR Of Gov. Porter II m advocate
OF rcforltl ntul iaS eYureu the sincerity Of his
views In tliat respect bynpprovtng bill to r.
d,Iec his sanry from 81 uI0 to 81, ,U0 t1cr anuuln
S,lrll a iifstal,uu Of truu refurIll Is rarely nut
with in these times, alti IT, therefore, cutflirtl
u the Wurlneht cufilintudAtiaIl.
PROFOUND SENSATION
wos pro4}uccJ In thu Hepate and Uuuso of Ren-
rrse,,tattycs when ti,r following rc,uurky, ctt.
bodied III tho message Ut Gov. Marks, were
read;
I't1,e urxt fatal aten was tho fss1s cf a,tdI-
,ioual bonds to tl,u iusolyent rua.s, Il was
done ut,Irr thr pretrnse tiut 1t was NECESSARY 10
c,,aflo tI,use roaIe to meet tho interest l,uOu
tIrir ante Wur tuu,ls, utl this protect t,c tux
naycr. All III thr lup,l1 wrru pretended to bu
.s',rtl unirr vnrIuus nu1pnltueuta tn tF,. nrt nf
ibsl-,5S ihc oi.1vvut isaucd VIVA k1Ui,S;i isIl.
Ihers werr honest men III tic Legislative a,des
which authorized this fraud, but Their eirort. to
manly protests exhibit Tic shu,usjul n,ctiuds