Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-05-23
,r nrrpAnFnrs- sRINDLE..

The investigation now being made BY the Com
mittee appointed by the recent Legislature relative
10 the ssirs Of the ComptrOllers and Secretary Of
States Office shows sn amount offraud and rascallty
,1,nDrscedepted in the history Of our State. We
should net feel at liberty speak Of this matter
ntil the Committee had made their report if it was
not generally understood and fully canvassed on the
streets.
The Secretary ofStates office shows deialoauon
on the part Of that officer to an amount exceeding
$50 OOO-mOney paid to him, as Internal Improve
mspt Commissioner, by the different Turnpike Com
panies.
Tho LARGEST amount Of stealing has been in con-
Dsction with the bonds belonging to the Exchange
Rank At NIurfreesboro', which are said to fall Sl25
600 short of the amount of its circulation That
hank has not now single bond on deposit, and those
who hold its notes have not the value OF one cent
representing them. If they are ever redeemed 1t
must he by the State. The mystery Of this last
viDdIe i, still unrevealed In order to guard against
suob state Of affairs as this, the Legislature OF
1s55I56 passed an act to regulate the business Of
banking embracing the following sections:
SEC. a. Be It further enacted, That the bonds re-
Dired 10 he deposited with the Comptroller by VIZ
ne ~ This act and the act which this is intended 20
amend. shall be placed upon fPoSu IN me ba'ls
Treqss, and that 10 notes shall be cOuEerSlgHed OF
issued 10 any person, bank or ASSOCIATION uH'" "' u
first done ,...,,z...so
SIC IS Be Il further enacted, That the bonds so de-
rosited shall be subject to the order OF the comp
ROLLER oply for tEr purpose Of carrying INFO gect "s
7ef and The act drhicb tits IS intended TO dReHd.
The shirt and intent Of this act have not been
observed bv the Bank Of Tennessee Orrecent Comp
.v.-.4-.11,- hos baen rarmitted the
Rank 70 keen box in its vaults containing the oonds
Of the various Free Banks, but the Cashier oil the
Bank saws that he took control over them isIther
than this. and made no minute Of the amount, num-
br or anything of the kind, and required no receipt
from the Comptroller when taken Of, but permitted
him and his Clerk TO have free access to them at al
times and for all purposes. There has certainly
been very great neglect on the part Of the Comp
troller and Cashier, to say the least Of It, The
question nov occurs, who got the bondsT
The Bank does not believe that they were ever de-
7osited The former Comptroller, Mr.. Lutrel, seems
10 know very little about it, having left the control
of his Office under almost the exclusive control Of
his Clerk. young Moseby. Mr.. Spence the Presi-
dent Of the Exchange Bank insists that the bonds
we're paid over by him, but there having been some
very improper conduct between Mr. 5. and the
Comptroller he has been subjected to the suspicion
in the minds Of many, Of having obtained his cireu-
laton without the proper amount Of bonds We shall
not pretend, at present. to express an opinion be-
tween the parties. 1t lies between the Exchange
Bank, the Comptroller, and the Bank Of tennessee.
Young Moseby, the Clerk under Mr.. Lutrell CON
fesses to having taken out Of the Bank and apPro-
priated TO his own use Of the bonds belonging
10 tive other banks We have no idea that this Is
an the rascslty that has been committed, but the
committee may be able to ferrit it out We think
il due to MIR. LutrelI to say that public opinion
iuclines to relieve bm Of any dishonesty, and to cen
,pre him for ineficenoy and genera neglect Of bu-
siness, only. ...