Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-02-24

The House continued the consideration of IN,
| proposition of ". T. Folks attorneys
MI. Dow introduced the following resolutions:
WHEREAS. II has been made known TO the Gen
| eral Assembly that NJ T. Polk, the defaultini
proposition TO this body looking to final adjust
Inent Of this matter; and whereas, It is desirable
mat tne question be settled in manner that VIII
be Just to the people and honoring to the good
name OF the State OF Tennessee; therefore be It
ResotUed 6g the General Assembly OF the State o.
dennessee, That the sum OF currency known az
the Torbett issue be taken at its price value. and
mat the portion proposed TO be paid in Tennessee
namely: That the bonds known state debt
proper bonds, with the accumulated interest, be
taken at par Tor their face value) and that those
bonds known as attached be taken at fifty per cent.
Of their face value; and that the remainder of said
liabilities may be adjusted by said NJ. T. Polk
payable in two years, with interes. at the
al 6ree PER cent Per Snn p ana upon the
proposition, ell criminal proceedings against him
shall be dismissed, and he (the said NJ. T. Polk
be released from prison.
- The resolution was carried by vote of-yeas,
Mr.. Patterson, in explaining his vote said that
ne would vote TO table the resolution. His judg-
recommended by the committee would not. under
the law, release Mr.. Polk. Mr.. Patterson intrs-
dueed the following resolution:
Resolred by the assent of the State of Tennessee,
That the sum OF $4,000 in the bonds OF the state
without accrued interest besecee pteafHPsFt pay
ment OF the liability Of M. T. Polk to the State;
the issues OF the bank at par value and the bonds
with accrued interest at SIS 600.
Resotued further That The State will accept the
notes of NJ. T. Polk, secured on his Mexican min
ing property, payable in one, two and three years.
Tor the balance OF the liability but such notes are
not 70 be takeL or regarded satisfactory in pay
ment to the State until the same is fully liqui-
dated.
Mr.. Northrup moved TO table this resolution.
Mr.. Milliken-I want to know If that resolution
comes by authority, or does the gentleman from
Shelby (Mr. Pattersonl speak by authority.
Mr.. Patterson-l don't speak by authority, ex-
cept as a representative on this floor.
Mr.. Milliken wanted to know If they had any
right to change the proposition.
Mr.. Patterson said there seemed to be different
constructions of the proposition received by the
committee. He voted against the resolution of
the gentleman from Putnam (Mr. Dow) because ii
proposed to release Col. Polk from prosecution
The construction he showed to be embodied in
the action that they accept $4,000 in Torbett is
sue in part payment, and the $40 600 bonds in
day.
Mr.. Milliken-Is not the original proposition to
give at twelve months.
Mr. Patterson-Well, am willing to strike out
one, two or three years and insert twelve months
Mr.. Looney said that it had never appeared to
him. after reading the statute applicable to that
matter, that the acceptance of the proposition
him or release him of the indictment pending
against him. Mr.. Looney then read the following
for the benefit of the House:
Col A. s. Coiyar, John w. Childress, jr, and Judge
Z. II. East:
GESTLExEN-Is it or not the opinion of Folks
attorneys that the settlement proposed viii release
Polk from the indictment pending?
The reply to Representative Looney was as fol-
lows:
DEAR sR-It In no way effects the indictment.
We only hope that after this sort of payment we
will get the bond reduced