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the decision of the Directory in relation to its passage or rejection.

Mr. Laughlin introduced the following:

Whereas, laws directory and penal in their provisions, to be executed under judicial and ministerial authority, have been found to be the only constitutional and effective remedy for all violations of chartered privileges and other misconduct of banks and corporations; and whereas, suspensions of specie payment, as required by law, in the redem tion of notes of circulation and other bona fide debts, constitute violations of one of the lawful conditions upon which charters have been granted by the General Assembly of this State to the Bank of Ten. nessee, including its branches; to the Union Bank of Tennessee including its branches; to the Planters Bank of Tennessee including its branches; and to the Farmers and Merchants Bank of Memphis; and

Whereas, such suspension of payment have a direct tendency to impair the public credit of the State and to produce loss, embarrass

and inconvenience to the people at large by the depreciation of the notes of said banks, and a general depreciation of the value of property; and therefore

1. Resolved, that the committee on Banks be instructed to enquire and report by, bill or bills such remedy as may be deemed proper and ettectual to ensure and enforce an early resumption of specie payments, and a continuance of the same, by all or any of said banks.

2. Resolved, That said committee be also instructed to enquire into and report, if any such exist, all such facts, transactions, misconduct or abuse of chartered privileges on the part of said banks, or either of them, as may come to the knowledge of said committee in the investigation of the afairs and condition of said Banks.

3. Resolved, That the said committee also be instructed to inquire into and report what remedy, if any, is praper and necessary in the regulation and equalization of the salaries of the ofiicers of the Bank of Tennessee and its branches; and what remedy it may be proper and necessary to provide for the restriction and prohibition of said bank and branches from purchasing real estate, and in expenditures in erecting banking houses.

4. Resolved, That said committee be also instructed to enquire into and report whether any, and if any, what rate of interest or amount of damages shall hereafter be allowed to holders of the notes, checks, bills, deposits, certificates of deposite, balances due on settlement, and other bona fide debts and liabilities of said banks, whose claims and debts may have been refused to be paid on presentment to any of said banks or branches when due and payable,

5. Resolved, That said coininittee be instructed to enquire and report whether any, and if any, what lawful restriction it may be necessary and proper hereafter to impose on any of said banks in declaring and paying out dividends.

6. Resolved, That said committee be also instructed to enquire and report such order and direction as it may be deemed proper and necessary to be given to the Attorney General in any contingeney, if any such shall arise, in the allairs of said banks or either of thein, which

shall require any prosecution by writ of scire facias or otherwise, either to rescind or repeal their charters, or to enforce a compliance and fulfilment of legal obligations and duties.

7. Resolved, That said committee be instructed to enquire and report, if any, what modifications and restrictions it may be proper to impose upon all joint stock banks in this State in altering or amending their charters.

Mr. Yoakum submitted the following:

Resolved, That a joint select committee of three members on the part of the Senate and five members on the part of the llouse of Representatives, be appointed to inquire into the situation of the common school monies of this state; whether the superintendent of public instruction has used due diligence in collecting the common school monies; whether he has properly invested the said monies as by law he is required; whether he has distributed the sums by hiin required to be. distributed for the benefit of schools; and whether there has been any waste or loss of said school monies, or any part thereof since the appointment of said superintendent, and that said committee have power to send for and examine witnesses and papers.

Mr. Turney introduced

A Bill to refund to John B. Rodgers certain monies paid by him for the use of the State, which was read the first time, passed, and referred to the committee on claims. And

A Bill to ascertain and equalize the prison bounds in this State. And

A Bill to alter the time of holding the circuit courts in Robertson county. And

A Bill for the benefit of James Brown of Monroe county, were severally read a second time and passed. And

A Bill to appropriate money to the payment of the Union Bank, was taken up, on motion of Mr. Wheeler, and referred to the committee on finance. And

A Bill giving further time for surveying entries and obtaining grants thereon, was read a second time, passed, and referred to the committee on public lands.

On motion of Mr. Coe, the Senate took up the resolutions heretofore submitted by him, instructing our Senators and requesting our Representatives in Congress in relation to certain subjects therein referred to. Whereupon Mr. Reneau moved a division of the question so as to take the sense of the Senate on the adoption of each resolution separately; and the question thereon being had, it was determined in the negative-ayes 11; noes 12.

The yeas and nays being demanded, the affirmative voters were

Messrs. Anderson, Ashe, Brown, Frey, Gaines, Marshall, Sevier, Terry, Reneau, Walton and Yoakum-il.

The negative voters were

Messrs. Aiken, Balch, Gillespy, Jones of Hickman, Jones of Lincoln, Laughlin, Smith, Coe, Turney, Warner, Wheeler and Mr. Speaker Love 12.

Mr. Brown moved to amend the first resolution by striking out

"against," and inserting in lieu thereof the words “for," and the question thereon being had, it was determined in the negative-ayes 10; noes 13.

The yeas and nays being demanded, the affirmative voters were

Messrs. Anderson, Ashe, Brown, Frey, Gaines, Marshall, Reneau, Sevier, Terry and Walton--10.

The negative voters were

Messrs. Aiken, Balch, Coe, Gillespy, Jones of Hickman, Jones of Lincoln, Laughlin, Smith, Turney, Warner, Wheeler, Yoakum and Mr. Speaker Love-13.

Mr. Anderson offered the following amendment in lieu of the second resolution:

Resolved, That a corporation is much safer than any individual agent, however responsible he may be, because it consists of an association of individuals who have thrown together their aggregate wealth, and who are bound in their corporate character to the extent of their whole capital stock for the deposite, and that it is the opinion of this General Assembly that the heaviest security which the most wealthy individual could give, would not make the public deposites sate at the point of a large collection.

Mr. Yoakum moved to lay the amendinent on the table until the 25th Dee: next; and the question thereon being had, it was determined in the affirmative-ayes 13; noes 11.

The veas and navs being demanded, the affirmative voters were

Messrs. Aiken, Balch, Coe, Gillespy, Jones of Hickman, Jones of Lincoln, Laughlin, Smith Turney, Warner, Wheeler, Yoakum and Mr. Speaker Love--13.

Those who voted in the negative, were

Messrs. Anderson, Ashe, Brown, Frey, Gaines, Jennings, Marshall, Reneau, Sevier, Terry and Walton-11.

Mr. Anderson thereupon offered the following amendment in lieu of the said second resolution:

Resolved, That we have confidence in the ability and capacity of the State Banks to perform all the duties of fiscal agents for the Government.

Mr. Coe moved to lay said amendment on the table until the 25th day of Dec. next; and the question thereon being had, it was determined in the affirmative-ayes 19; noes 5.

The ayes and noes being demanded, the affirmative voters were

Messrs. Aiken, Anderson, Ashe, Balch, Brown, Coe, Frey, Gaines, Jennings, Jones of Hickman ,Laughlin, Reneau, Smith ,Terry, Turney, Walton, Warner, Wheeler, Yoakum, and Mr. Speaker Love-19.

The negative voters were
Messrs. Gillespy, Jones of Lincoln, Marshall, Sevier and Yoakum, 5.
Whereupon Mr. Anderson offered the following amendment:

Resolved, That the Independent Treasury is disorganizing and revolutionary and subversive of the fundamental principles of our government, and of its entire practice from 1789 down to this day, and that it is as palpable as the sun that the effect of the scheme would be to

bring the public treasure much nearer the actual custody and control of the President, and expose it to be plundered by a hundred hands when one under the late system could not reach it. such event we feel that the people had just cause for alarm, and ought to give their most watchful attention to such an effort to enlarge executive power and put in its hands the means of corruption. And the question thereon being had, it was determined in the negative--ayes 11; noes 13.

The ayes and noes being demanded the affirmative voters were,

Messrs. Anderson, Ashe, Brown, Frey, Gaines, Jennings, Marshall, Reneau, Sevier, Terry and Walton-11.

The negative voters were,

Messrs. Aiken, Balch, Coe, Gillespy, Jones of Hickman, Jones of Lincoln, Laughlin, Smith, Turney, Warner, Wheeler, Yoakum and Mr. Speaker Love-13.

The Senate adjourned.

WEDNESDAY MORNING, Oct. 30, 1839. Mr. Wheeler presented the petition of John Wallen, a citizen of Claiborne county, which was, read and referred to the committee on the judiciary. And

Mír. Jones the petition of sundry citizens of Hickman and Dickson counties, praying the repeal of the charter for a turnpike from Nashville to John Hardin's, and for the reopening of the old road, which on motion of Mr. Marshall was laid on the table.

The Speaker presented a report from the clerk and master of the Chancery Court at Columbia, which was referred to the committee on the judiciary. Also

A Report from the comptroller of the Treasury upon the subject of expenditures on account of sạrveys of the routes for the Central Rail Road, Turnpike, and the Tennessee and Big Hatchie Canal, which on motion of Mr. Yoakum was referred to the committee on internal improvements.

Mr. Yoakum submitted the following:

Resolved, That the door-keeper of the Senate, be directed to employ some person to repair the stoves in the Senate, or to purchase new stoves as may be thought best.

And the rule requiring resolutions to lie one day on the table being suspended, said resolution was adopted,

A message from the House of Representativos by Mr. Crockett, their Clerk:

Mr. Speaker: The House of Representatives have adopted a resolution proposing to go into the election of Treasurer, Comptroller of the Treasury, Attorney General of the State, and Register of the Mountain District on Wednesday the 6th day of November, in which they ask the concurrence of the Senate. I am also directed to transmit to the Senate two petitions from sundry citizens of Giles county, in relation to the selling of spirituous liquors.

L

And then he withdrew. Whereupon the Senate resumed the consideration of the resolutions submitted by Mr, Coe, instructing our Senators and requesting our Representatives upon certain subjects therein mentioned, when,

Mr. Brown moved to amend the sccond resolutior, by inserting after the words “Sub Treasury Bill,” the words “withi the specie clause."

Mr. Coe moved to lay said amendment or the table; the question thereon being had, it was determined in the affirmative, aves 16; noes 8.

The aves and noes being demanded, the affirmative voters were

Messrs. Aiken, Anderson, Ashe, Balch, Cee, Frey, Gaines, Gillespy, Jones of Hickman, Laughlin, Smith, Terry, Walton, Warner, Wheeler and Mr. Speaker Love-16.

Those who voted in the negative were,

Messrs. Brown, Jennings, Jones of Lincoln, Marshall, Reneau, Se. vier, Turney and Yoakum-S.

Mr. Gaines moved to amend by inserting after the words “Sub Treasury Bill” in the second resolution, the words without the specie clause."

Mr. Coe moved to lay said amendment on tlie table, and the question thereon being had, it was determined in the negative-ayes 11; noes 13. The

ayes and noes being demanded, the aflirmative voters were Messrs. Aiken, Balch, Coe, Jones of Hickman, Jones of Lincoln, Smith, Turney, Warner, Wheeler and Mr. Speaker Love-11.

The negative voters were

Messrs. Anderson, Ashe, Erowr, Frey, Gaines, Gillespy, Jennings, Marshall, Reneau, Sevier, Terry, Walton and Yoakum-13.

The question thereupon recurred on the adoption of the amendment, and was determined in the negative by the unanimous vote of the Senate, Mr. Hardwicke being ab.ent.

Mr. Jennings moved to amend by inserting after the words “Sub Treasury Bill," the following with a provision for the issuance of Treasury Notes for dues to the government, but irredeemable in specie; and the question thereon being had, it was determined in the negative by the unanimous vote of the Senate; Mr. Hardwicke being absent.

Mr. Jones of Hickman offered the following amendinent:

Resolved by the General Assenbly of the Slate of Tennessee, That our Senators in Congress be instructed and our Representatives requested to endeavor to compel the Government of the United States to receive the notes of any State Bank and branches in the United States, that have no individual stockholders, and that the faith of the State is pledged for the redemption of each and every note that is issued by said banks and branches, so long as said banks and branches shall continue to rodeam their notes at the counter, when presented, with gold and silver, or evidences of debt against the United States. And providod al o, that said bank and branches will show to the Congress of the United States at each session thereof by a sworn statement made by the presidents and cashiers of said banks and branches, or such other person or persons as the Congress of the l'nited States may

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