Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1858-08-20

Sullivan 100 90. J. {. Rutledge.
Sumner $50 oo........J no, L Bugg;
Upton ia 90. .Jno. 7. Douglas.
Va Van Buren, 49, 80 90 90 .-G- b johnson
Washington. 100 0o.....-..H II: Hoss-
Wayne. 40 O0........W Jones.
Weakley .......... 10 90 .......G II. McWhrter.
Wilson ...........7 $50 DOL. J. NcClain.
White ....... 400 Oo........ti. G. Dibrill.''
Williamson -.....2 coo OO........N. s. McLemore.
Individuals ......1 ,s33 90
SOS ,O46 90.
Ii will be seen by reference TO the above
list, the amount reported by the different
Clerks, and by individuals to be. =. S95, O46.
Mr.. Spence received of his circulation from
Bank Of Tenn ON 18th May, 1856. 1924 600
He took up by his check ;.......--...-.. J. 5O7
Reed through Mr.. Carney - 26........... IL GA
- subsequently from Bank. 63
(See Horsons depoSiti,ga)
These several sums added make $685., $50
Subtract from this 81 500 returned 10 Comp
troller and burned on 18th May, ISIS. 500
sI45,86o
and it leaves Sl43,36O as the ascertaned
amount of outstanding circulation of the Ex-
change Bank. 1t will be readily discovered
from these evidences, that the amount of
bonds claimed by Mr.. Spence falls far short
of his circulation.
His bonds, claimed before stated, amount
HIS outstanding circulation amounts to 500
Showing difference Of. .................s2O,S6 500
in favor of circulation. when there should be
a difference of 20 per cent. i'll favor of his
bonds.
The Committee infer from the communica-
tons of many of the clerks, and from various
letters from adjoining States, that large
amounts have not been reported. aud could
the entire circulation be ascertaincd, they are
induced to believe it would greatly swell the
it is at least 5000 900.
The Committee, shortly after the commence
ment of their session, called upon Mr.. Spence
for his Bank books. The one referred TO,
after lapse of some two or three weeks was
furnished us. and which he states was the
only one which showed the amount of bonds
deposited with the Comptroller and the
amount withdrawn, and likewise the amount
of circulation received, and the amount re-
turned and cancelled. He also exhibited his
large Iedgers; hut they afforded the Commit
tee no information in regard to his bonds or
circulation. The Committee also called upon
Mr.. Spence to furnish them with the receipts
of tine Comptroller for the amount paid by
him upon the May and November calls AZ
ter the lapse of some two weeks, the follow
ing several amounts with receipts of the
Comptroller, were delivered to us, (see copy
to-wit:
May Is, 1857, deposited bonds.
% -.------'---'..''---'i -
- Circulation returned .....................
SO
Making payment on this call of SIS ,00O
Mr.. Luttrell says. the receipts were executed
by him on the days they bear date. The Com
mttee would farther state, in reference to
these calls, that they had examined the books
of all the Free Banks kept in the Comptroller's
Office for the registration of the amount Of
circulation received by each bank. aud they
find on the back leaf OF each book entries
made in the handwriting of Comptroller
Lut,rell OF tae several amounts paid by each
Free Banker.
The Committee find in the Exchange Bank
book in said office. the following entries, viz
Exchange book June 10th, 1855. IL State
bonds 81 900 additional call 900
5000 circulation returned, ............... 6,OoO
January /, 1858. This bank has 20 per cent
above its circulation"
The receipts as will be discovered, show a
payment of thirty eight thousand dollars up
on his first call, and book referred to, shows,
paid upon the same call seventeen thousand
dollars, showing a difference of twenty one
thousand dollars in the payment If the call.
This book, in the second entry, contradicts
the dispositions of Mr.. Spence and Col. Lut-
trell in reference TO the second call, as il
shows no circulation returned. as stated
by them, in the pay ment of this last call. (See
depository The Committee are unable 10
determine which is the true, and which is the
erroneous statement. Ii is obvious, however,
to the COMMITTEE, that if Mr.. Spence paid the
thirty eight thousand dollars upon his first
call, the Comptroller has been guilty Of IN
warrantable negligence or forgetfulness, in
making the above entries Ii be is correct
in the second entry, Mr.. Spence and Col. Lut-
trell are mistaken in their depositions-tha
be paid the second call by return of circn-
latioh.
The Committee find the following agreement
entered into between the Stale Bank of Ten
nessee and the President Df the Exchange
Bank of Mnrfreesboro, i've days before the
suspension aud close Of the latter Bank, viz:
The President and Directors Of the Bank
Of Tennessee agree 10 receive the notes Of
the Exchange Bank Of MurireesbJro, in pay
ment OF debts and other liabilities Of the
bank; bat the same l., no time, 10 exceed
thirty seven thousand dollars, for which bonds
are fled in hank. OF The State or endorsed
bonds 6iy three in number. and as the notes
OF the Exchange Bank are received, they are
10 be sealed mp in bundles Of Ave thousand
dollars, aud interest thereon 10 be paid by
the Exchange Bank from the time OF sealing.
lSth Hsy, less e JOHNSON fres'I"
Mr.. Merton, the Cashier OF the Bank OF
Tennessee, admits. the correctness az the copy
here given, aud sets forth the following ex-
PLANTATION Of the contract or agreement, viz,
he says:
''The bank officers knew, At the date Of the
agreement, that the issues Of the Exchange
Bank exceeded the amount Of bonds on depo-
slt.r aud states. -when Mr.. Spence settled
with the Bank Of Tennessee. on the 18th OF
May. he stated, thai his entire circulation, as
reoolleet, was about one hundred and sixty
four thousand dollars He took IN froln he