Thereupon Mr ARMSTRONG proposed the following in licu of the three first lines of said section; to wit: "No Bank shall be chartered in this State, without making the individual property of each Stockholder to the amount of his stock, liable for the redemption of notes issued by such Bank; and no Legislature shall charter more than one Bank at any one session, and that only at a regular session; and no Bank charter shall ever be renewed in this State." To which proposed amendment, Mr FOGG offered the following as an amendment; to wit: "Except with the assent of two-thirds of the members elected to cach branch of the Legislature." Which amendment was accepted. Mr DOUGLASS proposed to amend the proposition of Mr Armstrong, by adding the following; to wit: "And provided further, That no Bank charter shall be granted with permission to issue in bills or create a liability upon said corporation in any way to a greater amount than twice the stock in gold and silver in Bank." But before any action was had thercon, WEDNESDAY, August 13, 1834. The Convention met according to adjournment and was opened with prayer, by the Reverend Mr GWINN, of the Methodist Episcopal Church. The morning's business being through, the Convention resumed the consideration of the proposition of Mr DOUGLASS to amend the amendment of Mr Armstrong, submitted on yesterday, in lieu of the thirtyfifth section of the second article of the amended Constitution; and after some discussion had thereon, the arrival of the PRESIDENT OF THE UNITED STATES in the city was announced. Whereupon Mr BURTON moved a recess until eleven o'clock; which motion prevailed. At half past eleven o'clock, the PRESIDENT OF THE UNITED STATES, accompanied by Messrs Blount, Smith, Walton, Weakley and Gillespy (the Committee appointed for that purpose) entered the Hall of the Convention: Whoreupon Mr CARTER, the President of the Convention, addressed him in the following terms; to wit: The Assembly before which you stand, representing the People of the State of Tennessee in their highest political attitude, rise, Sir, to receive you within the hall of their sitting, and in behalf of themselves and their constituents, to express their undiminished confidence in your patriotism, and their profound respect for your public and private char acter. It has been your lot, Sir, first at the head of an army, and subsequently as Chief Magistrate of the Nation, to be engaged in service, more arduous and critical, than has fallen to the duty of any citizen, save one, since the auspicious act of Confederation and Independence. ́Alike vigorous, decisive, honest and patriotic, in the Cabinet as in the Camp, it is your good fortune to have achieved a name commensurate with the existence of the Republic, and dear to a large majority of its citizens. That you may long live in the enjoyment of this enviable distinction, participating in the blessings of the Government which you fought for in youth and so nobly sustained in a late hour of peril, is, Sir, the ardent hope of this Assembly, and of the multitude who crowd around you. In reviewing the many and important events, which have given renown to your career, we will not so offend against your own convictions of the fallibility of all human wisdom as to say, that you have not possibly erred in administering the many high and solemn functions, that have been submitted to your care by a confiding Country; that you have not done so (if at all) from improper or impure motives, is a declaration due to the acknowledged patriotism, that guides and directs your course in life. And though the bitterness of party may endeavor to detract from your merits and impeach your motives, the deliberate judgment of another generation, uninfluenced by the feelings of those who differ from and condemn you, will enrol your name with the long list of patriots, consecrated to fame and to the veneration of posterity. In the mixed multitude before you and around, you can readily distinguish the companions and associates of your early life-men who have stood forth at your side, in the past hours of your perils and your triumphs, and their children who have grown up into life beneath your own eyes and observation-with one heart they now meet you, and tender the homage of affection, confidence and regard. To which the President of the United States made the following reply: SIR: I receive the greeting which you have been pleased to tender me on this occasion, with feelings too strongly excited, by the imposing character of the body in whose behalf it is offered and by the various associations which it recalls to my mind, to enable me, I fear, to make an adequate acknowledgment. I meet you, Sir, and the august body over which you preside, as the representatives of the people whose partiality and confidence, far exceeding my claims, first brought me into public notice, and who have, since, in every visissitude of fortune, uniformly sustained me with an ardor of friendship and generosity of fellow feeling that never can be requited. To you and to them let me say, that in no situation in which I have ever been placed, have I lost sight of the responsibility which was due to them. I have ever been mindful that it was on the faith of their character that mine rested, in a great degree, to do whatever good or evil was to be the result of my labors in the service of our common country. When assured then, by you, that these labors, notwithstanding the defect of judgment which they doubtless too often manifest, are yet worthy of the public approbation, I feel that I have been fortu nate, and that the reward as well as the stewardship which was too generously conferred, is disproportionate to my merit. Allow me, Gentlemen, to express the hope, that your acts in the Convention, may be crowned with success, and that, in all time to come, the free people of Tennessee, whilst enjoying the prosperity and happiness which are the reward of wise and equal laws and a steady and virtuous administration of them, may remember each and all of their benefactors. you as The Convention then, on motion of Mr MCCLELLAN, adjourned. THURSDAY, August 14, 1834. The Convention met according to adjournment, and was opened with prayer by the Rev. Mr SENTER, of the Methodist Episcopal Church. Mr WEBSTER presented memorials from three hundred and twentyone citizens of Bedford county, in support of the special provisions, reported by the select committee on new counties, and in support of the course pursued by the Delegates from said county on that subject: Said memorials were on motion of Mr Webster, ordered to the table. The Convention then resumed the consideration of the thirty-fifth section of the second article, and the several amendments proposed in lieu. Mr WEAKLEY moved to lay the several amendments on the table: which motion prevailing, Mr WEAKLEY moved to strike out the whole of said thirty-fifth section; and the question thereon being had, it was determined in the affirmative; ayes 29, noes 25. The ayes and noes being demanded by Mr SENTER, The affirmative voters are, Messrs. Allen, Alexander, Childress, Cross, Fulton, Fogg, Gillespy, Gray, Gordon, Hill, Huntsman, Humphreys, Hess, Kelly, Kendall, Ledbetter, Loving, Purdy, Richardson, Ridley, Smartt, Sharp, Scott, Ury, Whitson, Walton, White, Webster and Weakley; 29. The negative voters are, Messrs. President (Carter), Armstrong, Bradshaw, Burton, Blount, Cannon, Cobbs, Cheatham, Douglass, Garrett, Hodges, Kincaid, Kimbrough, McClellan, Robert J. McKinney, John A. McKinney, Mabry, McGaughey, Marr, Neil, Roadman, Robertson, Stephenson, Senter and Smith; 25. Mr ALLEN thereupon submitted the following, as substitute for the said thirty-fifth section; to wit: "No bank shall ever be chartered, that does not subject the individual property of the stockholders, in proportion to their stock, to the payment of all notes, debts and liabilities created by the bank in its corporate capacity, when its effects are found insufficient to discharge the same." Mr JOAN A. MCKINNEY moved to amend the foregoing, by inserting, after the words "in proportion", the words "and to the amount"; which motion was rejected. Mr BLOUNT moved to amend, by adding thereto the following; to wit: "Nor shall any bank hereafter chartered be re-chartered until it shall have fully and notoriously wound up it affairs, and settled all debts a gainst it." Which was also rejected. The question then recurring upon the adoption of Mr Allen's proposition; and being thereupon had, was determined in the negative; ayes 25, nocs 28. The ayes and noes being demanded by Mr ALLEN, The affirmative voters are, Messrs President (Carter), Allen, Armstrong, Bradshaw, Blount, Cannon. Cheatham, Douglass, Garrett, Hodges, Hill, Kincaid, Kimbrough, McClellan, John A. McKinney, Mabry, McGaughey, Marr, Neil, Richardson, Robertson, Stephenson, Senter, Smith and Smartt; 25. The negative voters are, Messrs Alexander, Childress, Cobbs, Cross, Fulton, Fogg, Gillespy, Gray, Gordon, Huntsman, Humphreys, Hess, Kelly, Kendall, Ledbet ter, Loving, Robert J. McKinney, Purdy, Roadman, Ridley, Sharp, Scott, Ury, Whitson, Walton, White, Webster and Weakley; 28. Mr GORDON moved a reconsideration of the vote on striking out the thirty-fifth section: which the Convention refused to grant. Mr KINCAID proposed the following to constitute an additional section to said second article; to wit: "No bank charter shall ever be granted by the Legislature, which shall not make the stockholders thereof liable in their individual property, to the extent that the stockholders in the Union Bank of Tennessee are liable in their individual property, for the redemption of the notes and other liabilities of said bank." And thereupon the question was had, and determined in the affirmative; ayes 29, noes 25. The ayes and noes being demanded by Mr KINCAID, The affirmative voters are, Messrs. Allen, Bradshaw, Burton, Blount, Cannon, Childress, Douglass, Garrett, Gordon, Hodges, Hill, Huntsman, Kelly, Kincaid, Kendall, Kimbrough, McClellan, Robert J. McKinney, John A. McKinney, McGaughey, Marr, Neil, Roadman, Richardson, Ridley, Stephenson, Smith, Smartt and Webster; 29. The negative voters are, Messrs. President (Carter), Armstrong, Alexander, Cobbs, Cheatham, Cross, Fulton, Fogg, Gillespy, Gray, Humphreys, Hess, Ledbetter, Loving, Mabry, Purdy, Robertson, Senter, Sharp, Scott, Ury, Whitson, Walton, White and Weakley; 25. Ánd so the amendment was adopted. Mr ALLEN thereupon moved a reconsideration of the vote adopting the foregoing proposition; and the question "will the Convention reconsider" being had thereon, it was determined in the affirmative; ayes 37, noes 17. The ayes and noes being demanded by Mr KINCAID, The affirmative voters are, Messrs. President (Carter), Allen, Armstrong, Alexander, Burton, Cannon, Childress, Cobbs, Cheatham, Cross, Fulton, Fogg, Gillespy, Gray, Gordon, Hill, Huntsman, Humphreys, Hess, Kimbrough, Ledbetter, Loving, McGaughey, Marr, Purdy, Roadman, Robertson, Stephenson, Senter, Smith, Sharp, Scott, Ury, Whitson, Walton, White and Weakley; 37. The negative voters are, Messrs. Bradshaw, Blount, Douglass, Garrett, Hodges, Kelly, Kincaid, Kendall, McClelian, Robert J. McKinney, John A. McKinney, Mabry, Neil, Richardson, Ridley, Smartt and Webster; 17. Mr HUMPHREYS moved to take up the amendments submitted by Messrs Armstrong and Douglass: which motion prevailing, the said amendments were accordingly taken up and severally read. Whereupon Mr HUMPHREYS moved, that they, together with Mr Kincaid's proposition, be laid on the table until the first day of January next: and thereupon the question was had, and determined in the affirmative; ayes 31, nocs 23. The ayes and noes being demanded by Mr HUMPHREYS, The affirmative voters are, Messrs. Allen, Alexander, Burton, Childress, Cobbs, Cross, Fulton, Fogg, Gillespy, Gray, Gordon, Hill, Huntsman, Humphreys, Hess, Kelly, Kendall, Ledbetter, Loving, Purdy, Ridley, Robertson, Smartt, Sharp, Scott, Ury, Whitson, Walton, White, Webster and Weakley; 31. The negative voters are, Messrs President (Carter), Armstrong, Bradshaw, Blount, Cannon, Cheatham, Douglass, Garrett, Hodges, Kincaid, Kimbrough, McClellan, Robert J. McKinney, John A. McKinney, Mabry, McGaughey, Marr, Neil, Roadman, Richardson, Stephenson, Senter and Smith; 23. Mr JOHN A. MCKINNEY thereupon submitted the following, as an additional section to said second article; to wit: "The private or local laws passed by the Legislature, shall not be printed at the public expense." Mr STEPHENSON proposed to amend the foregoing, by adding thereto the following; to wit: "But the Legislature shall cause to be published, a synopsis of such private or local laws and resolutions as may be passed at each session; with the public acts." Which being accepted by Mr McKinney, the question was submitted, "will the Convention adopt the proposition?" and the motion was lost; the vote being, ayes 25, noes 25. The ayes and noes being demanded by Mr MCKINNEY, The affirmative voters are, Messrs. President (Carter), Blount, Cheatham, Fulton, Garrett, Hill, Huntsman, Kelly, Kimbrough, Ledbetter, McClellan, Robert J. McKinney, John A. McKinney, McGaughey, Marr, Neil, Roadman, Ridley, Robertson, Stephenson, Senter, Smartt, Walton, Webster and Weakley; 25. |