Message of Isham G Harris Governor of Tennessee to Both Houses of the General

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It would put an end to that system of flooding the community with the depreciated or doubtful issues of our own or foreign institutions. In my opinion, such a provision is indispensably necessary to any wholesome legislation upon the subject.
6th. That no bank shall issue more than two of circulation for one of specie in its vaults, or incur liabilities to note holders and depositors of more than three dollars for one in specie in its vaults.
7th. That the President and Cashier of each and ever
...y bank in the State shall make a monthly report, upon iheir oaths, to some officer of the State Government, the real condition of their respec- tive banks at the time of the report, and that the report be published at the expense of the respective banks, in some newspaper at Nashville; and that swearing falsely to any such report, shall be deemed perjury, and punished accordingly.
8th. Such penalties and forfeitures for the violation of any of these provisions, as will secure implicit obedience to them, should be provided.


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