Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-03-16
The Republicans to Caucus and
Likely to Cast a Solid
Vote
For the Proposition as Submitted
by the Bondholders.
a Bill by Mr.. Anderson to
Establish a New Insane
Asylum. " &
epecial Dispatch to the Chronicle.

The governor sent his message to
both houses, in which he says: "The
principal of the bonded indebted
ness of this State, now
outstanding, is $2O,26, 200.
The interest past due aud remain
ing unpaid amounts to be 1886, $50
making in the aggregate the sum of
S26, 6,542,95O, and to this, as / under-
stand 1t, may be added contingent
Inability of S705,OU0 on account OF
bonds supposed to have been lost or
destroyed. The interest now
pat due and unpaid has ac-
crued since tue first of July, 1875.
Iuu / wa TIC ceen Ina' 'ur IN eI<eL
auuualis accfuirg up II our i"' eh eds
ut,a atnuti.,te 10 eOmIe hing tveT 81
COO, ,OOn. For the pa, meut OF b". b
,nn: p.l ami Iuter'st t e faIb and
UIe, Of tue 3 ate IA ave bes u most
sol III ly aud au h"rl lively plede ed.
Surprising our prA~r"' 'nCent ed
ess 10 he $27 UO0 OOO Sky
c. t. on the dollar Will am 1uut 10
SIC 2Uu, aud the annual Interest there-
on, at the Ia'a per cent would
amount TO $972,00U white the al
sIual Iuterest, u ,,uu the terms of set
t'emrul nnW Ir"pneeJ, auoun,s to
$50 coo or Si62 900 less than the an
buaI iEteTest upon sci tlemeLt based
upon 81 ceuts On the ,Itar, bearing
6 per cent. Interest. Thus 1t Will be
seen hat upon the bss.s of
seLtiemeI nov prrpDsed' the
pe"pI~ of t"e state will be required 10
psy 81 900 per an0um less Il accouut
# I +
b.-Ed upon 20 terms recomm-Dded
by tle said commlttee of sroILers to
N CT The ac"ruIug int+rest upon the
terms of sc tlemet H. W pr0pO ed. A
tax 40 cents nu The 500 worth of
tsxab'e property of The 5 ate, as is
CpntaIued In ihr last a-se-sment alone,
VIII not only be sufficient, but will
raise 10 i"r"' sidtraOIe surplus; but
it ls cOufi lie ty beIesed that
with re'us n1ub prosp rry and
the cous' Quent enhancement o
tue value OF property 'ani
with a ju t aud equsi assessment
thereof, that the rat o, LaXaiI0D n Cee-
sary to meet tue accruIug IN crest on
our debt may be largely reduced and a
fund provided thuuJ Oppresslrg the
people, for the e<tiuguisnmAnt OF the
prlncipa | 'ng b-fors IT. IN turity.
" III LbG III he q ii a dpp-di W youE
ss renues eesn-, nor invoke a display
of that high moral Courage which has
so often dis inguisn+d her sous IN au
effort to- reue. N th,t pighted faith,
credit aud homer Of Our St, =, but in
vi-w o. uur Ubliga'iuns, aud toe indis>-
pu' able fact that every ma eTial in-
resL in our ct t. is suffering,
if Mt surely dying, tee .use
of our failure comply Wit our con-
tract, wi b iull faith aud con fiieuce
in b ,th - WilnngDe-s aud abltny of
tn p+npl t. comply vi b the liberal
terms of se t'~men', voluntar y pro-
posed by large p rt IN of our cred>
it"rs [ do most eaIne,tiV commend
8 pre- mi &C ceptance t ertOf Should
thl- h. done the proud e-cutch-on "f
our st ,'e wilt 10 longer bear lie STAN
OF repudi4'IO, sne walt be Ii'ted up
aud placed again upOn n high p'aiU of
fiu4rclaI lii egTiy Y PunlIc d prI-
Vzt4 credit will be resIIT-,', G" Il t. nee
Will be i',s. rr-,i and u, W life " il be
iutus-d intn e0.ry department of bus;
De-s u lpa -lied rrnsper t. will
epr a i = happy ii fl Ietc-s thrnugn-
out III our C"un'r5. should You
il your wisdom d rmIDe To
acrrp, IN terms Of settlement now
pro osed, [ would TecOmma-sd that
Il Last p"rtIun Of The W b pnus 10
he I-- ueh n in smaller hennantu ions
tra' 81 600 ." tn tt u cit 2 aus may be.
come &c hnId-r- aud owners thereof.
Ii tn Os done they will be eagerly
sought at er, FIR The pur pose of in vesf-
meut and ct On1e become u circulat
log medium at h"me, ami furnish O
our cit H. ready and 'uveuiSnt
means of paying I"eir taxes The
Question ~" suhm tt i to Won js QUE
io nI"lnafy gFavl y. In Its soru-
tioh our Iu'ure is involved and
IN Determining your nctino T %.
yHuWIli Rise above aud superior tnpyer.
consideration. except III of the CO
mon veal nf our btl wed S'ate.n
SECOND DISPATCH.
The H0u-e fidance coD mIttee agreed
almost uosuInuu-ly to~uight to re.
commend the passage OF Mr.. Har
rI-nn's hill in reference TO the s ate
debt, and it is believed by some of the
St4'e credit mrmbers that it will be
passed 1rnugh the house ibis week
The committee on charii able insti
tu'iO0s WILL recommend the building
of an sdd ton to the Tennes asy'
lum for the Iusane a. n ashVilIe. s55
Special dispatch to the Chronicle.
NASHVILLE, March Is.
SENATE..House bill to extend the
time for the completion of the East
Tennessee and Western North Car
olina Railroad, passed first reading.
HoUsE-Mr. Anderson, of Cooke.
introduced bill to establish an
additional asylum for the insane at
Lyons View, Knox county.
Mr.. Har: ison's bill to settle the
State debt, passed second reading,
ayes As, noes Is, twelve members
We're absent or not voting. zssl+.-.s@ (. L+--..s
House bill to permit defendants