Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1858-08-21

bonds ii. (See Morton g deposition and copy
of Spence's book.) Shortly prior to lst
September, he sold to Thos C. Black, upon
which be drew the interest for him. LIST Sep
timber, Capitol bonds 10 making 81. The
Committee are of opinion, that the 81 Cap
toll bonds, above specified, are part of the
So, upon which the March interest was drawn,
and as no interest was drawn upon the 1st of
March, 1858. the clear deduction is, that the
remaining were also withdrawn.
In relation to the rs regular States with
drawn and sold to the Bank of Tennessee. on
the 8th of August. 1857, (See Morton's deposi-
ton, also copy Mr.. Spenee's book.) Mr.. Spence
could not have received his interest upon
this number of bonds by warrant from the
Comptroller, as his July interest, received LIST
August, was Sl746 25; the interest due upon
| the IS bonds would be s2250; the interest
received upon warrant, viz the $l746 25
was doubtless on 80 regular State bonds-I3,5-
per cent and ID ST per cent bonds. We see
26 bonds OF this latter character sold TO Bank
of Tennessee on the 10th October, 1857, with
drawn from Mr. Spence's box. This induces
the belief, that these were the Bonds, that
gave tHe tue IHen INFER,
that as interest was drawn by warrant upon
only sc (this amount and the 26 making the
62 that gave the interest,) and as IS were
Withdrawn and sold to the Bank of Tennessee.
that Mr. Spence must have made an additional
deposit of 80 bonds, between the 1st and Sth
of August as it would require this number,
added to the sc to make the IS sold the
conclusion, it, then. necessarily follows that
the Comptroller cut the coupons from the 80
bonds, and handed them to Mr.. Spence, and
in doing violated the 18th Section of the
act of 5I-2.
Mr.. Spence received no interest upon State
bonds the LIST January, 1858. 1t will be re-
collected, that the books show, as also report
to Committee, together with the deposition of
Mr.. Spence, that the endorsed bonds have all
been withdrawn, consequently, the bonds
said to be lost are State bonds Mr.. Spence
says, he ought to have 1913 State bonds, in his
box now. He does not say. neither do his
books exhibit any deposit of State bonds
or bonds of any other description, since lst
of January, 1858. Mr.. Spence, if he is correct,
worth $500. He drew his interest upon his
endorsed bonds that matured at that tune.
Why did he not claim his interest upon his |
State bonds due at the same time. If he |
claimed it. and could not get it, he knew then |
his bonds were lost If he received it, the !
Comptroller must have handed the coupons |
to him, as no warrant was given him for in
,Ft hot 4 bo IA, III
Mr.. Spence has failed, although repeatedly |
called upon. to inform the Committee what |
disposition he made of them.
Again, the Comptroller, Luttrell in his re-
port of the 28th October last, puts down the
number of bonds then on deposit in the Elk
change Bank box at 142. viz:
Nashville and Chattanooga R. r. Bonds, .........9s
East Tennessee and Georgia - .-.........44 |
Making ACKNOWLEDGEMENTS. az
The latter bonds are put down in the report
as East Tennessee and Virginia; but the
Comptroller says it was a mistake. and they
should have been East Tennessee and Geor-
gia. The Comptroller also says that three
additional 5 per cent. Internal Improvement
bonds were afterwards deposited, precise time
not recOllected.
Mr.. Hardeman, in his deposition, states, that
he sold Mr.. Spence, in February last, 7 Ten
nessce and Alabama Railroad bonds, and
these were exchanged with the Comptroller
for Nashville and Chattanooga bonds Mr..
Carney, in giving the number and character of
the bonds purchased of Mr.. Spence, (see depo.)
to wit the SO last withdrawn, gives the 7
Tennessee and Alabama and the 5 per cent.
Internal Improvement bonds.
Take, then again, the Comptrollcr's report,
with the explanations given above:
Nashville and Chattanooga Railroad Bonds, .9S
East Tennessee ami Georgia . - ......--44
, -, H., , , ,.- ..., ,,,,--.,-,,. ,.,,..,., ~
And it gives.
ST btract delivered 10 Bank of Tennessee
Dee 3oth, Nash and CHAT ~
Feb'y 2, ......... 10 81
And il leaves. ACKNOWLEDGEMENTS. -. IS
These were withdrawn by Mr.. Spence since
the Committee have been in session, being all
the bonds in his box. We see, then, from the
above showing, that 50 Nashville and Chatta-
nooga were delivered to the Bank of Tennes-
see and the 80 of the same character, together
with the Tenn. and Ala. bonds exchanged
delivered to MrCarney, make the IS Nashville
and Chattanooga reported by the Comptroller
The % remaining, of which are Tennessee
and Alabama and Internal Improvement
bonds, are accounted for as above stated in
deposition OF Comptroller Luttrell, and depo-
sition of F. Hardeman.
If. then, Mr. Spence saw the Comptroller's
report of October last, and saw that but l42
bonds were reported TO be on deposit, when
he should have now, according to his state
ment, l23 in addition to the 90, making 2l6,
be WAS wanting in the exercise of that care
and prudence which most men bestow upon
The most common and ordinary transactions
Of life. Mr.. Benz. Clark, in his deposition.
says, soon after the Committee was ordered
n the Senate. he met Mr.. Spence, and the
arose as to the exchange of
bonds 10y the Comptroller, when Mr.. Spence
'emarked, that 'he did not believe one word
If it, aud thought it originated in some ex-
preston Of DR.. Burton. One thing, he fur
her said, II am sure Of my bonds are all right.'
.lr Clark says, whether he alluded to the class
If his bonds, or to the class and number. he
loes not know. 1t is, however, very obvious
% the Committee, if this was not an idle az
ertion of Mr.. Spence, that it matters not
whether he ref rred to the class or number
f he had examined his bonds so as to know
he class, the same examination would, neces-
arily, reveal to him the number.
The deposition of Cave johnson, ]. Morton,
l. Douglas and Mn GanssinsiIam all concur
n stating, that Mr.. Spence said he had no
more State bonds Col. johnson says, the
,ank was pressing him with earnestness to
'rovide for their payment-his circulation
vas coming in rapidly, shortly before his SITS
,ension-savs Mr. Speuce said he had dis