New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-06-02
MORE OF TIE TENNE SSEE SITINDLE
From The Na,srRe Union snd America..

From The Na,sriAe Union and Aneyitds.
TIE investigation now being made by the Commit
tee appointed by the late Legislature relative 10 the
affairs of the Controllers and Secretary OF States
office, shows AL amount Of fraud and rsscAity un.
pr.cedentod in the history OF our state. We should
not feel at liberty to speak of this matter until the
Commute had made their report if it was not generally
understood and fully canvas,ed on the streets.
The Secretary OF States office shows defalcstlon
on the part Of tina. officer 10 an smoun, exceeding
so O00-money paid to him 81 Internal Improvement
Commissioner by the different Turnpike Companies.
The largest amount Of stealing has been in cooue-
tion with the bonds belonging 10 the Exchange Bank
of Murfreesboro which are said 10 a Si-o wv snort
of the amount OF its circulation. The bank mas now
single bond of deposit, and those who hold It's notes
have not the value of cent representing them III
they are ever redeemed it must be 10y the State Inc
mystery of this last swinde ia still nnrevealed. In
order to guard agenst such state CT affairs as tins,
the LEGISLATURE Of 1856 passed act TO regulstc
the business Of banking, embracing the following sec
tions: -
d.posc with Controller by virtue IL this st Hne me "
which intended amend shalt be placed ap0p deposit In
in Bank Tennese- and that 10 notes .hs De
sisred issued to person. bank or nsocson' ua' ~" |"
SEC Is Be il further enacted the bonds deposited
shs be subject the order Of the Controller only tor ue pn
pose OF h. and tho act which this IN
tended 10 amend.
The spnit and intent OF this act have not been oo-
seryed by the Bank OF Tennessee recent CONTROLLER
The C.ntrOlier has been permitted oy the bank 70
keep box in it's vaults containing the bonds Oh the
that he took 10 control them further than tnis
and made no minute Of the amount, numbers, OF any
thing Of the kind and required no receip from TOO
Controller when taken off, but permitted MIN and his
cleIk to have free 10 them at all times aod Tor
all purposes. There has certsnly been very great
neglect ON the part of the Controller and cashier, TO
say the least Of it, The question now occurs, wps s0t
the bonds /!
The bank does not believe that they were ever de-
ported The former Controller, M. Luttrell, seems
10 know very little about it, having left the control OF
his office uLder almost the exclusive control OF his
clerk. young Mosby. Mr.. Spence, the President OF
the Exchange Bark insists that the bonds we're paid
over by him, but there having been some very m
proper conduct between Mr. 5. and the Controller he
has been subjected 10 the suspicion in the minds OF
many of having obtained his circulation withou. the
proper amount Of bonds. We shall not pretend, ~
present, to express an opinion between tne parties
1t lies between the Exchange Bank, tne Controller ara
the Bank Of Tennessee.
Young Nosby, the clerk under Mr.. Lut.rell con-
fefses TO have taken out Of the bank and appFopai-
ing TO his own USE Of the bonds beongDE
other banks. We have idea that this - all the ras
CAVITY that has been committed but the copnittse
NAV not be able to ferret il out. We think u du. 70
Mr. Luttre say that public opinion inclaes 70 re-
live him of any dishonesty and To ceosue MIN 0r IN
efficiency and general neglect OF business only.