New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-01-30
E0LDrRs4OF STATE BONDS.
MEETING Ar THE CLEARINGHOUSE.

"a
HONESTY DEMANDED OF THE SOUTHERN STATES
THE MOORE RESOLUTION COMMENDED
Alarue meeting of holders OF defauited o'A,e
bonds was held at the Clearing House yesterday ~
,,ras called by the committee OF Tennessee oohu-
holders. every member OF which was present
Among Others who we're there were s. b. Cht.ehuen'
George Zoe, Jacob D. vermilye, Charles M.
.rriab Milbank, Scion Humphreys Henry F. Spauia-
Sno =. N. Lawrence, Henry T. Carey Frederick
Tav,or Richard Irwin, Charles Dana, and Coiohei
Robert A. Crawford of Georgia. IT,.
Eugene Kelly, chairman of the Tennessee IN ~.
m;ttee. called the meeting to order ana Oh n.'
motion George S. Coe, president OF tno A.'-,aon
Exchange National Bank, was chosen g.
Mr. Coe recalled the fact that similar inoo -,
a similar purpose had been held IN inc s'''aV
-, vnors aco William Cullen Bryant was 'ne pio,
siding officer at that time. Mr.. zoe .non
npon s p. Cbittenden, who spoke as ioio"' .,,,
In business career Of NOR etnan with Tennes
cry nd rrg ond the men that state re that
upright high-toned and reaoed its TO Tennessee
e @y r% o on sight lost was slow to
doing It that al, r e9E% 0 to believe proud
State peOpled by such men be very rich state
sa. S1r fhe Compromise OF last year IS netler 9T
densome large Its % ne with nearly half her
cpedors promptly accepted in good sh Is a. o S
and bindng Tennessee can enact our ts void our
Contract against our will un der what Tbs s sna
Of state sOvSTs SSs more Of the principal
of the stale debit How this great ana 0PS tO
, n5ae ,he oody heather rite Can Ten
nessee without positive and deep osgaSe, '1 hy
in tine the oc sS d
States keep asnG silence without The some danger Of
Sersoua regrets and humiliation hereafterG can
re- vi 20 This yhere has been legislation so
vicious demoralizng and iarroacnnG AT tnas r tbe
next legislature OF Tennessee wn make 10 the State
creditors the next or the next OF tne ~ Tennes
other weslthy States following the ehape odt ~
see sba scale their debts yearly with the haven't VI
every r oS Mr. Choirman win not do this business
over again with the state of Tennessee Teg c0npro
mise bonds Of last "T he Of tits year
every way inferior Tennessee canno IN my J9ugglnGm
e os Der IN The Union OF States clearly depend upon
reaction in the public spirit OF her people on Tue sy
and come to stay holders of the compromise bonds
of last year stan0 urn.
Frederick Taylor, cashier of the Continental Ma
tional Bank referring to the meeting SIX years De-
fore, said; .,., .,u,,,.
We are posturirg before the world as model repnPS
but our inside finances largely IN worse conet0 81
OF rotienness than are those o. I1rK o tbipss
p Ssme 0G not Only to the f. default but
70 the c,S whole sv f Ss eGgduct and reputation
one Of the states For seventy I'VE years our Ss SeV
hrnfb ara
S sate soverecnty conferred upon state the right
TO secede The wiped out that nlucn W 'nu nt ~
Of state sovereignty, and now lesslaucn Shot
.hoIish forever the still more absurd doctrine tnat
State can be exempt from legal rcsponsiony Ior ls
actions State should have no more rlSu' h No T9
wrong than an nu lnuus+i ,,iIaS for any wrong II
has done him. The creditors OF inc states ~ a.
willing to take what the states can pay All tneS WIN.
OF tne s'n3 II the Moore amendment shall be
adopted the country ought TO erect announcer
on me base OF which should be inscribed these
Ereeted TO the honor of William R. Moore although
he came from Tennessee, he vas an honest mau'
Other speeches were made by X. 5. Moran, for
,oerly of Tennessee and Colonel Robert A. Crawiord
of Georgia Resolutions approving tne J9ht reso-
lntion introduced in Congress by Wllllam r. MOORE
of Tennessee, for the resclndhg OF tne LleE ,n
amendment to tho Constitution and for the legal
enforcement of contracts made by State, were app
nroyed nnanimously A supplementary resolution
That the creditors Of the State OF Tennessee would
settle their claims only In full was tabled because
the purpose of the meeting was genera genera
and not special. An additional resou-
zion was passed, after o bnet speech
i'm snpnort of il by Charles Dana 1t was that com
mittee should be appointed to promote and carry our
the objects of the meeting thaI o9e nntipS
one bondholder of each State in default the pIcs.
dent of the Chamber of Commerce, the prosldeiht
and one member of the Stock Exchange, inc
presidents of the Produce and the Cotton e1-
changes and the president Of bank, or o pnVale
banker. in every large city IN the Union Inc
Chairman was authorized to appoint the otner
members of the committee under the terms OF the
resolution. - .o I,,
CONGRESS- Of the amendment proposed by Mr..
Moore was signed by nearly :. every, one
present after the meeting adjourned; II
will be open for other signatures at the once o.
will i've circulated it is understood among the mem-
bers of the different exchanges.