Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-03-25
The STATE Debt.

unh6eded. -.t'
The State Debt.
p The bill accepting the bondhoId-
ers proposition passed the house
on it's final reading blythe following
vote:
Ayes-Agee, Anderson of Cooke,
Anderson Of Madison, Austin Baker,
Boyd of Lauderdale, Boyd of Tip
ton, Buquo, Butler, Cassels, Coch-
ran, Cole, Cooper, Eaton, Ezell,
Fouts, Class, Grisham, Hall, Harri-
son, Hawkins, Higgins, james, Jar
Wis, Kennedy, Lester, MeAnnally,
McLemore, McTeer, Nicely, Norris,
Owings, Plummer, Poston, Reeder,
Rhodes, Rogers, Smith, Sykes, Trim
BILE, Vernon, Wilkes, Wilson, Wiltse
-43.
Noes-Bagwell, Beasley, Brooks,
Buchanan, Coulter, Davis, Driver,
Dulaney, Class, Hash, Haynes, Hay
ME, Head, Houston, JONES' Lewis,
Manson, Martin, Means, McKenna,
Pillow, Steele, Thompson, Watkins,
Warren, Woodward, Mr.. Speaker
Ramsey-27.
Absent or not votine-Messrs.
Allen, Bnttram, Dawson, Murray,
McAndrew-5.
Several members desired to ex-
plain their votes during the call of
the roll, but Mr.. Rhodes Directing
the speaker decided that they could
only write out their explanations and
hand them to the clerk to be spread
upon the journals. The following
are the explanations Of votes thus
made: Ea 20 ~.
Mr.. Speaker-This bill does not
meet our peculiar views on the set
Element of the State debt. The
proposition from the creditors is not
what we expected Or preferred, nor
is it as liberal as the people desired,
but having made an honest effort by
a thorough canvass among the mem
bers of this house to procure lower
rate of settlement, but finding that
neither O. sufficient number of Re-
publicans Or low-tax Democrats will
unite with as on any other proposis
ton, we deem it our duty as State
credit members to vote for the only
measure that can possibly pass this
| house, therefore we vote aye.
HUeH G.. ANDERSON,
81. FL. BUoUo,
Il r. p. Cole,
i D. B. COOPER,
| r. A. WILKES.
Mr.. Speaker arise to. explain
my vote, and to give reasons fol
voting for the bill Wanting the
debt Settled, that it might be out O.
politics, that the minds Of the people
may not be disturbed again will
such question. The bill does no
come up to my expectations, but be
lieving, as do others, that the pres
; sent proposition, offered by thu
T be ldholders, now pending, is thu
, best that can be had, I, for the SAX
of the honor and credit of the State
cast my vote for the bill.
- I. T. NORRIS.
II Mr.. Speaker-There is, in m,
mind, no doubt that the State O
Tennessee is legally and morally
, bound for the payment in full of it,
s present bonded debt, and all interes
, due thereon, and that the State is NOR,
than amply able to pay the same
L Such being the case, any forced set
t Element, either in principal or inter
+, est, than dollar for dollar, orat a les,
-, rate of interest than stipulated
is simply reputation, pro tant,
T dishonesty, and disgrace to tn
g State. The present bill forces q set
!, Element at lower rate of interest
. owing to the doctrine of repudia
0 ton now prevailing throughout tn
State, originated and disseminate
by the Democratic party. 1t seem
no honest settlement can be made a
i tine present time by the State, and
e choice between evils must be made
y I choose the lesser, and vote for tn
q present bill under protest : 1if5
= JAMES TRIMBLE.
e Mr.. Speaker: In explanation {
I, my vote I desire to say that ] wa
It elected to this legislature pledged t
settlement of the State debt on tn
. best taEms offered by e2bond
holders. [ am of the opinion tha
the section making coupons receiva
I. BILE for taxes is unwise, but to yot
against the bill for that reason woul
> violate my solemn pledge to tt