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

with the Comptroller. (See copy from coupon
books of that date: and also see copy of their
numbers taken from old paper)
In the month of January, 1856, Mr.. Croz-
Ter resigned his Office as Comptroller, and Mr..
Luttrell, having been elected previously to
that time took possession of the books and
| papers, and entered upon the duties of the
Office. The next interest falling due upon
these 40 bonds was on the 1st of July, 1856,
| and we find the interest upon twelve of them
| paid in New York, % were paid here, and the
supposition is, that Mr. Spence had deposited
that number with the Comptroller previously
to 1st of July, 1856, as only II coupons were
paid in New York
Still tracing these bonds, we find when the
next interest falls due. viz 1st January,
1857, the interest on 81 of these bonds was
paid in New York, leaving him in his box,
supposiDg him still to be the owner.
Again, July LIST, 1857, we find the interest
paid in New York upon 30, and the same
amount paid in January, 1858, leaving5 to be
paid here; but by whom owned. we are I'M
able to say. We presume, however, they
were not owned by Mr.. Spence, as he drew
no interest upon regular State bonds on the
LIST of January, 1858. as will be seen by refer
encc to the copy given below from the books
of the Comptroller's and Treasurer's office.
The following are the amounts of interest
received by Mr.. Spence on State bonds, by
warrant from the Comptroller, as shown by
the Comptroller's and Treasurer's books.
The interest is here given and the number Of
bonds under each item of interest that he
should have had on hand when he drew his
Interest, viz:
Feb. 1853. Mr.. Spence received interest on
Internal Improvement bonds of this
date S2SS rs
To have drawn this amount of interest, he
had bonds Of the above character IL
These bonds drawing 514 per cent interest
March q 60 a Capitol bonds 81 $50 90
To draw this amt Capitol bonds 81
Aug. Received interest on Int. Imp. bonds $40 90
TO draw this amt he had regular State and
live per cent bonds ID
10 draw this amt - 81
Jan 1854. Interest on Int Imp. bonds S315 90
To draw this amt Il bonds 514 per cent.
each II
Interest 10 IL
on one Int. Imp. bond 5rI per
for months would give this amt
March Interest on Capitol Bonds 81 $50 90
To draw this amount Capitol bonds SO
Aug Interest on Int. Imp bonds 1856 IS
To draw this amt Of interest he had %
bonds 81. per cent %
Sept. Interest Capitol bonds 81 $50 90
To draw this amt - - 90
Jan. 1855. Received interest Int. Imp.
To draw this interest he had II bonds per
cent and bonds 54 per cent. %
Mar Capitol bonds $3.50 90
To draw this amount he had Capitol bonds SO
June. Received interest Internal Improve
The bonds that would give the nearest to
this amt Of int would be 3 o per cent
and Eve per cent.
Sept. q" Capitol bonds sloo5 90
This amt would require So Capitol bonds Of
$1,000 each and Of $50 each 5S
Jan 1856 Received interest on bonds 1913 rs
The bonds that would give this interest would
be bonds = per cent bond per
cent. and l@ bonds per cent. %
March. Received interest of Capitol Bonds 81 $50 90
To draw this amt of interest had Capitol
bonds So
July. Received interest on Internal I'm
provcment bonds 81 .063 rs |
Bonds that will give this amount Of interest
are bonds 5ia per cent, 10 bonds 5per
cent. and Il bonds per cent IS
- bonds 81 ,5S7 SO
amount would be So 50
We are of opinion that a mistake was made, and
that should nave been 81 $50 so; $3.50 bond |
added to this sum would give the last amount
Jan. 1851. Received interest on Int. Imp.
bonds 5000 rs
To draw this aunt would require 25 bonds 5
per cent, bonds So per cent and
bonds drawing per cent 81
10 bonds per cent. Is do. per cent. 10 do
50 per cent viii give same interest 30
March. " "a interest Cap bonds 81 1895 90
This requires SO bonds of $1,000 each and
q
Aug. on Int Imp. bonds 81 ,748 rs
This requires 46 bonds per cent. 5I4 per
cent. and IL per cent. 81
Or, Sc per cent. and 10 per cent, aud l3
5i4 per cent will give same interest, max
Sept. q &" I" Capitol bonds $500 90
This requires Is Capitol bonds Is
Dec. Received interest on Capitol bonds 81 so
This requires Capitol bond of $1,000 end Of
This copy was made out by the Committee
with great care, aud it shows the full aud
exact amount of interest received 10y Mr.
Spence upon State bonds, Of every descrip-
ton, on deposit. 1t also shows the cores
ponding number of bonds under each item
of interest that would be required to give
this interest. the calculation of the number
of bonds having been made by the Committee.
The old Internal Improvement bonds draw
rates of interest some 5, and others
81 per cent Some of these bonds are also
made payable here. and others in Philadel-
phia and New York. Capitol bonds also
differ in this respect, some being made pay
able here. and others in New York. The in
tcrest receivable upon all the bonds that are
payable here has to be paid upon warrant of
the Comptroller, whether they are on deposit
for banking purposes or not; consequently, in
terest may be received upon some of these
bonds, and be shown upon the Comptroller's
and Treasurer's books, without these bonds
being on deposit. But the copy here given
covers all the interest received by Mr.. Spence
ln State bonds, of whatsoever character, on
deposit, and those that are payable here,
whether on deposit or not. So it is possible,
nay probable, that Mr.. Spence may have
received a part of this interest, without
having the bonds on deposit. We infer this
rom the fact. that two items Of interest were
paid in the month of September and October,
$50, on Capitol bonds, the interest received
n September, being $3.50 90, and that re-
,eved in October, following being 1857 80.
The aggregate of these amounts viz. Sl,5S7-
30 is put down in the copy. But, at all events,
redit is given Mr. Spence for the full amount,
whether on deposit or not, and he could not
nave received greater amount of interest
lpon State bonds deposited, than here exhi-
,itcd, unless by collision with the Comp
roller, which would make the Comptroller
guilty of a violation Of the l=ih section OF
ne Free banking LAW before reoited.
We and then. from the copy last referred
o, that the greatest number of State bonds
leld by Mr.. Spence, Mt any time during bis
,anking operations. was in the year 1857. In