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

the conversation referred TO, a,ith 3
Reynolds and Foster. II is to be
borne in mind that Spence and Lut-
trell we're at the time of giving their
testimony Ignorant Of what had been
the day before deposed to by Rey-lI
|nolds and Foster.
The facts, in brief, then, are, that
a short time before Luttrell went out !
iof Office, be told Reynolds that
Spence bad made him a present of
ISL, 500, and urged that as reason
why he should not be called upon
Ito do anything more for him, the
1gJt Of $1,000 being enough on his
part. Afterwards, however, between
the LIST and 9Th Of June, when
the investigation into these dark and
Intricate affairs had commenced, Col,
fLuttrell has two other conversation
J with Reynolds in the presence of
! Foster, in the course of which he
admits that he had formerly said
Ito Reynolds that Spence had made
him present Of $500. and that
Spence had said to him that he
OuttreID had been of that much
service to him; but that he regarded
lit as loan, and that he intended to
lreiarn 1t when became able. Being
summoned before the Committee but
two or three days after these two
Hast conversations with Reynolds and
, Foster; he swears that Spence had
never giren him anything; that he had
loaned him ST, 500, aud that it was
all paid back before he went ont Of
office nearly four months before the
time ,rhen he told Reynolds and Fos-
ter that IL ,oas not paid In addition
to this, he virtually denies that
he ever had any such CONVEX
!, sation with Reynolds and Foster. for
: he says he does not recol!ect what
I was said, and it seems scarcely pos
sible that he could have forgotten it.
: Col Luttrell is thus convicted Of a
= double Standardization. In March
) last he calls the $500 a git; and
= in jane, the Committee being in ses.
SION, he calls it ia oan; and in con.
versation with Reynolds and Foster
he says he INTENDED to pay 1t back
when he got able; and on cath before
the Committee. few days thereafter
. he says it had been paid fo4r month.
:, preuious. In this last statement
! he is corroborated by Spence. ant
:. they both thus stand in the attitude
:, of ssoearing to a fact. which one o
them admitted but a few days before
did not ernst.
: The transaction is a dark one, il
! all its phases. It was either gf
!, or loan. If it was gift, it was
!, most remarkable one. Such gift.
: ARE of rare occurrence between bust
ness men in any community. Blu
! remarkable as such a gift would b.
= under any circumstances. it is mos
a significant from Free Bank Presi
- dent to the Comptroller ef the State
" considering the relations which sub
: sist between these two officials.
- But as a loan, it is scarcely les
= remarkable and suggestive. MI
"A Spence mus have known Col. Lut
80 treil to be in greatly embarrassed
!, circumstances, and yet he made thi
- large loan without requiring the leas
= security, merely expecting, as Col
- Luttrell himself expresses it. that i
: would be paid back when Luttrel
= was able. So that if it were regarded
- - as a loan, it amounts virtually to
:" gift, so far as is it to be taken as al
=. ~ indication Of the character of transac
,, tons that we're carried on between
- |. this State Officer and Bank Presi
y dent. 1t may be pertinent also t
- ask, why, if this was bona fd
-, loan, Col. Luttrell was so anxiou
:. that it should not come to th
!. ears of the Committee, and so thor
~ ~ oughly convinced that they woul,
y !, make a considerable fuss about it,
&c Each mind will make It's own verdic
= upon these facts.
81 :. Oregon, just now, is in a peculia
- position. The people of the Terri