Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1858-09-23

From tie Nashville Banner. Il
report Of The Investigating Com
nfittee.
There is a most remarkable trans-l
lction in evidence before. the Iuves-
igating Committee which did not
appear in the abstract of their report
which they have already given to the
public; and we allude to it thus early |
10 the course Of our examinations into
the report, because il may be consid-
cred as a key to the unfolding Of the
mysteries connected with the EX-
change Bank frauds. We have ex-l
anined carefully the report, and in
what we may feel called upon to say,
we shall speak strictly :'by the re-
cord" If the facts. as they are in
evidence before the committee, bear
heavily upon any public official or
private individual, it is the result Of
his own willful misconduct, or scarcely.
less culpable negligence, and not a
desire on our part, to do him need
less injury. He may be pitied, bu.
ought not, on that account, to be
spared. There is no doubt that a
great wrong has been perpetrated upon
the public, and we hold it to be the
solemn duty Of the press to aid the
General Assembly and their Commit
tee, in exposing the perpetrators of it.
1t is in the discharge of this duty,
that we this morning lay before our
readers the following facts from the
forthcoming report Of the committee.
The transaction relates to a gift or
loan of fifteen hundred dollars by
Mr.. Spence to Col. Luttrell. The
facts are at follows: The committee
received intinlations of such trans
action having taken place between
Messrs. Spence and Luttrell, and
therefore summoned before them
Messrs. E. NJ. Reynolds and r. G
Foster, to, give information on the
subject. Nr. Reynolds being first
sworn, said that lie had a converse
ton with Col. Luttrell a short time
before he (Luttrell) went out Of office
(lst of March. 1859 that he told
Luttrell that the free bankers pro-
posed to make him (Luttrell) a pres
,ent of some silvfr plate, and that he
would speak to MIR. Spence in re-
gard to it. Luttrell replied that be
woald prefer that be should not say
any thing % The subject to Spence
as he spence had already given OF
handed him (Luttrell) fifteen hundred
dollars, and he did not wish him spo.
ken to abou. the plate. This was be-
fore March, 1855 Between the LIST
and Sth Of June last, Reynolds had
two other conversations, within few
minutes of each other, with Luttrell
in the presence Of DR.. Foster, in which
LuttreIl admitted that he had previ'
ously told Reynolds Chat Spence ha(
made him present Of ST., 800, bu
said that he regarded it as aloan, ant
not gift, and that be would pay
! back ,phen he got able.
I DR.. r. G. Fosters testimony cor
Iroborates Reynolds. He says tina
be heard Col. Luttrell state to MI
Reynolds that be had formerly sal
, to him Reynolds) that Mr.. Spenc
. had made him present of 81 500
and Col. Luttrell stated at the time
that Spence told him that he (Lut
trelD had been Of that mach service !
. him. A few minutes afterwards, Lul
2 Itrell had another conversation wit
Reynolds in the presence of Fostel
l in which he (Luttrell) said that h
8 regarded the $500 as loan, an
3 expected to return itmhen he was abb,
Foster recollects distinctly that Lu'
. ltrell said the money icas not paid
4 but that he sOould pay it when he wa
: able. In these conversations, Luttre
asked Reynolds and Foster to sa
nothing about this transaction, as
, might come before the Committe
5 and they wou'd make considera5l
fuss about 1t. Both Of the convel
sations here detailed were had on tn
e same day, some time between the Is
and 9Th of June. 185S-the frs
conversation of Reynolds with Lu'
: trell having occurred, it will be her
remembered, some time before th
LIST of the preceding March.
The Committee having these DEP
q ositions of Reynolds and Foster. wer
: now prepared to hear Messrs. Spenc
3 and Lut.rell on the same subject; an
!, accordingly on the next day, whicI
D was the / lth of June. thew summon