Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-02-14

arrangement, by which satisfied he could do better
um u remain IN the army, and advised him to come IA
this place as he should be able TO travel NV h.
tenuon was, To submit the matter TO him. whether La
would make the money an investment in that route
lis disease, however, proved mortal and he died M
Edenlon ON the 3st day of January lS2 few DAYS az
ter receiving my letter, without having had the opportt
my OF making the election The money therefore re-
manned loan on intercst-though it till moi
than year after before any thing definite passed
Mr. Porter and myself on the subject.
Dr. Jackson had left dying request that would nc
the part OF guardian for his orphan children He was
man OF the highest sense of honor and our confidence
IN eaeh o'her was too great to require any legal orms
guards IN any of our transactions with each other
have ever since his dcceasc performed the part which
ne desired me TO do in fact though in legal FORM
Letters OF administration taken upon his estate
% was found necessary for the collection of debts due
to hr; and then they taken by his widow on nv
ADVICE She delivered over TO notes, and other cv
9ehces OF debt to the amount OF several thousand dol
lars, which received much money and which
promised TO vest for the benefit of her children
IN such way should be most advantageous TO
theni, being myself responsible for its safety and
Tor at least legal interest its amount and at the
same nale to have it so funded that Of any time
within short period it might be collected The notes
wmch received OF her, were not assigned me- be-
cause they were required to be collected in her name os
admnisratrix; and the investments which made for
ner ana her children were made in my own name
Sucn was The relation in which stood the heirs of
Dr Jackson as it regarded pccuniary matters; and il
unchanged to the present day In the fall of 1890 Mr.
Porter called on me- and told that he had il in con-
temptation to purchase of MIR r. G. Stockton part of
me property constituting the stage line between Frcdc
nd nor
one or two connecting lines; the whole extent do not
remember lie asked my opinion of the expcdency
oil ms dong So advised him, for the sake of harmo.
ny among those connected, TO do So provided the nro
perry was worth the money asked for it, lie said tho
sum required was 9000-iha he believed il would bc
good purchase; but it would be nconvenient for him
TO raise the whole sum, and asked if could let him
nave about one half of it, replied that the money of
Or Jackson S heirs at my disposal and within few
days would give him an answer. Some short time of
ter he called upon again. when made him the loan
OF $1oOO on which he promised me- that if would LEI II
DC an investment for the benefit of Dr. Jacksons heirs
they should have the benefit of what il would mako
which would probably be four five times the nmonni
oil legal interests but it left TO my future election M
determine what should be its disposition. Thus the mat
ter remained ull the summer following. In The mc,,
ume, delberated upon the subject in my own mind
whether there might be an improprietv i'm meme,
which passed through my hands being vested proper
employed IN the transportation Of the mall though il
was not in any way for my benefit On the ono hand
1t might be argued that if the money did Weld nro6i
beyond ITS legal rate of interest there could be no nus
tee in the orphan children. TO whom il BELONGED sborn
that profit was TO draw any thing from the nnbIc G
10 determine whether Mr. Porter should receive the whole
OF the profit derived from the investment or share Il
with the orphans whose money enabled him To make tho
purchase On the other hand, il might be argued that
as was the only person who acted for them if the in
pestent was made by me, though for my own hone
hit, yet II might become source of suspicion orr com,
plant that myself too nearly related to matter
IN which might exercise influence when The nh
lie interest involved; and came TO the concinson
that 1t would not be proper for to permit the money
IN eer case to constitute investment in the proper
4
ed Mr.. Porter of this determination; and IL yns |
made at time when | verify believed from the in |
formation winch he gave me, that the money in one
case was clearing at least so per centum wear and
IN the other case, not less than 80 per cert the time
OF furnishing HIM with these two sums, took memo
randum OF the transaction, which is nv only n,oy of
keeping accounts, keep no books and Mr. poyy,ar
informed me that he should do the same which snn
pose would nave been sufficient evidence i'm case tho
aeath OF either OF the partes but after told him of INV
liked determination, regard it, under onv crcunS
stances, IN any other light than that of standing loan
pe at any Tune to be recalled he proposed give me
s note or the same, payable demand with interest
but as he had prot;ed very considerably bv The nsc
he money especially in the last case, he proposed to
pay TO the orphan children $1,000 for tba' honaG,
which he had derived from the use of their money
or one year, and paid that to me for them. lie
men gave me two notes for the moneys one for 50 500
ith interest from the :me of this having received ~
nc other for 81 800 with interest from one year fter
n6S6eived il. Such the nature OF the
ueloerate Ter monent, whether ofpnd chiidreT
through me their friend invest money in sta no n,n,
winch carried the mall in that deliberaton erred but
the conclusion to which that deliberaton led roo -
wln condemn. If the receiving of 81 600 for tJa ~
Phan children from Mr. Porter as a reward for be bene
NJ "hch he derived from the use of their money was
an error so far and no farther have erred; but tot i
matter which interests Mr. r. alone The public sns
famed not one cent of injury from it, and did moi de-
ave from 1t one cent of benefit
The majority of the committee state from, tboso ca.
mat these loans were unlawful investments in comnonics
having large Post Office contracts and that the ac 10
proved by the testimony of Mr. Porter The fnlowr to-
mony of MIR. Porter, is publshedb v the conn,;t, 80
serves as taken the 26th and 2h of May last: Ouestion
GUM Has any officer of the Department or anv person
employed IN IT. been Interested with you in any of vor
mai contracts! or have you received any money from
any or either of them, by loan otherwise to assist vo
~ carrying on these contracts; and if any, name then,
Answer. No 10 both inquiries; but have bo,rou,oJ
money from Mr. .. b. Brown in two instances go 500
on the I5th January, 1889, for which | rave him me
noie on interest; and tho LIST November IS33 bor
ro"en $4OO also OF him, for which gave him NV note
on interest !" Question. At the times Won borrovcd
the money OF Mr. Brown, mentioned i'm the above mart
OF your deposition, did he say it was his own MONEY
or That OF any other person ?? cans He then nforr
ed me ihat 1t was money belonging to the estate octh
late DIR. Jackson. Such is the testimony of Mr.
orter, and all the testimony that have seen of lie
cucg uils matter; and this proves the very reverse
what the majority of the committee state MIR Porter
'stIies that have never been Interested with hin, IN
ny OF ms contracts; but that have loaned him nonev
hu hat informed HIM at the times of MAKING no
'ans that the money belonged to the estate az the
lle Dr: Jackson This testimony is true; and I AN,
iloImcu, by good authority that he confirmed il in
~ examination before the committee of the Uous,
the money thus loaned had at any time CONSTITUTED
partnership, or an interest i'm any, OF his contracts
lat interest would have been mne>n the same sense ne
re loan was mine and it, It afterwards CHANGED ita
laracer from thg&ro an interest in contracts TO loan
zen the oun would have been mine TO the same extcni
.ich the interest in the contracts had been nnn and
no greater But Mr.. Porter must have uuderstood tl,
transaction too well, to have said with the info,
uon OF being so understood that any part of fbe ,ono
winch ne received OF me constituted an intcrcs, in
any OF MS ma contracts. IL would have been nj direct
aahcT WIN ms former testimony, well with the
truth The majority of the committee stale that .son
one OF these contracts there so failures in s;or
year, and no penalties enforced" The books az fine r.
Pahent show the fact that penalties to the amount r
some thousands OF dollars enforced and are still
, ,fSlanlng against the contractor The majority Of