Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1879-04-12


w. III. Jackson and w. +. Poston,
of Eastern, Middle and Western |
sections of the State, Vice-Presi-
dents, and III. NJ. Wiltse, Duncan
r. Doris and Hugh c. Anderson,
We take the rest of the proceed
ings from the report of the Nash
vile American:
Louis shepherd, OF Hamilton, moved that
q committee of one from each Congressional
district be appointed on resolutions. Carried,
and the following gentlemen were APP
First District-R r. Butler
second District-John NJ. Fleming.
Third District-Theo' Richmond.
Fourth District. w. Judd.
Fifth District-J. w. Childress.
sixth District-D. F. Wright.
Seventh District-Z. w. Ewing
Eighth District-W. f. MarCen.
Ninth District-WilsOn Williams
Tenth Distriet-Joseph b. Sykes.
Speaker FOwlkes moved that eX-GoV.
NELL :. Brown be added TO the committee.
Carried.
The committee then retired to the Senate
During The absence of the committee,
Messrs. J. B. Palmer, James ID. Richardson
and w. II. jackson were called upon to adj
dress the meeting, but declined.
Short speeches on the proposed settlement
of the state debt were made by Col. Thomas
Ciaib borne and DR.. Buchanan, of Davidson,
and T.. A James, OF Chattanooga
The committee on resolutions having re-
turned. it reported, through its Chairman,
the following preamble and resolutions,
which were unanimously adopted:
Whereas, The Legislature OF Tennessee, at
its recent session, passed an act proposing to
the bOndholderS OF the State a settlement of
the liabilities of the State of Tennessee at
the rate of 50 cents in the dollar, with per
cent. interest; and,
rate of settlement meets our views or not, or
whether we, as citizens and Taxpayers,
would have been in favor of Offering more
OF would have preferred less, we recognize
the action of the Legislature as entitled to
our respectful consideration. This result
was reached after a long and laboriouS eff
fort. by compromise, IN which every view
of the situation was elaborated with signal
ability and research; and,
Whereas, There must be an end of all
strife, whether between counter views of
policy or opposing physical forces, and we
are DESTROYS of peace and reposet we as citf-
Zens Of Tennessee, representing all shades of
partisan political opinion.
Resolve, That eX-GOv. j. ID. Porter, r. r.
Butler, j.. 9, Brown, w. j. sykes, Thee,
Richmond, ID. Weaver, g. A. Washington.
VIM. Rule, Henry Cooper and j. W. Clapp,
be appointed committee to at once visit
New York city and confer with the holders
of our bonds in reference to the proposition
submitted to them by the Legislature of
I Tennessee; and we hereby pledge ourselves
that should the said proposition be ae-
/ cepted by them, we will do all in our power
| 10 procure n ratification of the same by the
l people of Tennessee, and To carry out the
/ same in good faith.
/ 2 That we will do everything honorable
/ within our power to secure the passage of
| an act by the Legislature, that viii assemble
| in extra session under the provisions of the
! act proposing the settlement of our indebt-
I edness, that will set apart an amount of
/ taxes to meet the bonds when they become
1 due, which shall be known and designated
J as q RO1d lax
| shall not be diverted from this purpose.
! 3. Resolved further, That said committee,
/ before its departure, request OF his Excel
/ lency, GOV. Marks, any information he may
/ have, bearing upon the question, that may
be OF benefit to them in their mission.
On motion OF James l.. Gaines, OF Knox,
4 Judge WhitwOrth was added to the commit
Z tee to visit New York.
on motion off. w. Judd, of Robertson, the
/ meeting adjourned sine die.
The true significance Of these
transactions depends on the fact
that they emanate from men repre-
sentative of ali parties in the State
The lion and the lamb have lain
down together and taken counsel
with each other to bring them about
It is not only that Republican and
Democrat have concurred in adopt
ing them, but large numbers O
what IS known as the low tax party
are as anxious as any one to see thu
purposes of the meeting carried on
and the proposed terms accepted by
our creditors. We are anxious t.
convince our readers, and especial!
the creditors of the State, of thi
proposition, and, for the purpose
; viii endeavOr to analyze the mo
tiVes which press upon the differen
: parties leading them to concur il
| this measure, and will GGmmenc
? with our own party, general.
known as the State credit section c
| the Democracy.
Now we are compelled to admi
: that it Is utterly inconsistent wit
r the principles of that organization
= to demand for Il proposition Xix
: this the acceptance of the creditors
7 and we do not demand it; w
2 simply approach them, Offering fo
= their consideration not the term
l which we consider just, but tn
: best which we have been able t
procure. The State credit party Ia
5 cast its infuence in favor of thi
2 measure and amended it to the bes
T of its ability in order to avert some
/ thing infinitely worse, the tinS
e abandonment of all effort TO pa
+. the debt or any part of it. After a
t obstinate struggle of a whole seSsiO
r of the Legislature, this is the utmos
{. concession that our efforts could e1
: tort from them, and it is only tn
: commanding talents and UnfiinCl
r ing pertinacity Of our political LEAD
e ers that could have gained thi
e much. Judge Clapp (who is men
Il Der of the cOmmissiOn) has eXerte
d a strength of argument and degre
4 of elOquence in achieving thu
: much, such as has made many
4 COngressiOnalreputatiORj and Will
i / We Cltltll lDI our tDAttlC CECttAi lEttN
!. ers and for their supporters too til
= credit of herculean efforts in thi
), cause, we feel bound to state that j
# that expenditure they have e2
J., hausted their powers, and that
: this effort does not succeed in effec
It ing "a settlement, the State cred
Y party, and indeed the State cred
# principle, will be paralyzed and II
;, dUced 90 inaction. Speaking fC
d the press, and we claim the right I
! speak for it grounded on an I'll
e swerving fight for the credit of tn
State of years duration, we beliey
II that their course will be the sam
t. as ours. They will under that COZ
If tingency abandon a struggle whic
J. will have become utterly hopeless
It We shall change no principle; W
It shall always hold that the paymer
2 of the whole debt is a paramour
d obligation Of the State and cannt
? be withheld without dishOnor bJ
e we shall retire from the active vii