Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1883-02-24
s2,r1s.ooo And 40 MORE.

/ In the Democratic caucus of the
Legislature, which met i'm adjourn
ed session on Tuesday night TO re;
consider the action of a majority OF
the caucus on Friday night of last
week, at which time it was decided
to pay only 3 per cent. interest on
the So called State debt proper,
some lively times were had, but
after much speech-making, the par
ty lash was applied and the "Recal-
citrants" whipped into line.
Mr.. Gregg offered the following
resolution:
| Resolved, as members of the Democratic
| party in caucus assembled, for the purpose
of considering and perfecting bill for the
/ settlement of the bonded Indebtedness OF
| the State, we hereby pledge ourselves to
| stand by and carry out in good faith any
bill agreed upon by majority of all the
Democratic members elected to both houses
of the Forty-third General Assembly. We
| further pledge each other to perfect and
! pass into law bill constituting railroad
commission in accordance with the June 70
platform.
MI Il ioh OA1CAcd III lieu that the
caucus stand by its action of Fri
day night previous and re-adopt
the per cent. interest on the State
debt proper.
Mr.. Fisk's resolution in lieu was
tabled.
Mr.. Milliken moved to amend
Mr.. Gregg's resolution by striking
out the latter clause, relating to the
railroad commission.
The amendment was tabled.
A vote was then taken on Mr..
Gregg's resolution, which was
adopted. Ayes, 81 noes, z.
MIR. Miiliken. in explaining his vote, said
that in signing the cali for a caucus, he
wrote opposite his name that he was for a
caucus on the State debt only. He would
act with the caucus till that was disposed
of.
Mr.. McHaney moved in lieu of Mr.. Gregg's
of interest upon the State debt proper, to
insert the contract rate 5, So and per cent.
Following was the vote on Mr.. McHaney's
amendment to substitute the contract rate
Ayes Representative Anderson of Nc
Marry, Bagwell, Berry, Bullock, Buntin,
erson, Glass, Hale, Haynes, Hicks, Ivie,
Kelly, Larkin, Legg, Looney, Mallory, Nc
Cam, Mcdowell, MeHaney, Miller, MILL
ken, Pardue, Parks, Patterson, Porter, Ros-
coe, Sharpe of Davidson, Stephens, Taylor,
Vaughan, Wendell and Whorley-5l, and
Senators Blackmore. Champion, Cooper,
Colquittl Dodd, Galloway, Keith, Norment,
Porter, Thompson, Watkins, Williamson
and Wilson. s.tsfs.-
Representatives Caldwell, Duncan,
Jones, Kirby, Northcutt, Northup, Overall,
Pillow, Saunders, Sharp of MeigS, Smith,
Sowell, Swope, Tillman and White--24, and
Senators Bibb, Carter, Daniel, Mccullough
and Swafford. 5-
MIR. Houston moved to amend by provi-
ding that no bonds shall be funded as State
the State was primarily liable, and that
bonds funded in this manner shall not ex-
coed 50, llS,0O0.
Mr.. Ivie said this was a most important
amendment, and should be adopted.
Senator Daniel said that he did not like
this limitation. If the amount of State debt
proper bonds was found to exceed this
amount what excuse would the State have
for excluding perfectly valid bonds pre-
sented after the funding had reached this
amount,
Mr.. Iyie said that he had no idea that the
number of bonds presented to be funded
under this act as State debt proper bonds
would reach the amount named, 8, llS,OOO.
This was the outside limit. The amount for
which the state was pledged should be fixed
at some definite amount to prevent a feel
ing of unrest among the people.
Mr.. HoustOn's amendment was adopted.
Mr.. Jones gave notice that he intended to
move "a reconsideration of the vote adopt
ing Mr.. Houston's amendment limiting
the amount of bonds to be funded as State
debt proper bonds to 81, llSOOO. The plat
form said that they would pay the State
debt proper, and named no amount. If
they were going to hew to the line, this
amendment should not have been adopted.
The first section of the bill was adopted.
Adjourned until 1870 p. m. Thursday.