Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-06-19

= = = $3.50 - - p A2 BsaE nfBnrr
~ called on Mr. hosbey to 20 70 the Rsnk o. T-r
ne. q cut OF the coupons Of the bonds belonging % a.
~ ~ &c naas we're laia On ne lhls Of he 1s
OF tennessee, and III. Morton cashier, told had 800.
errss a ~ - e55 +, -. y, .,i ~ 49,. 10y ~ PRO
would told and the bonds for for dollar CO..
place the bonds 10 he tsz ~ rsctio Is tfst Il 1s = si
le2I ley The bonl n the possession Of Ar. Norton Cashier
70 Iennee. procure NUMBER Of bonds We had on deposit
u ne Bank q lenese for the Rank Of Middle Tennessee and
and unlocked tie and delivered Us tie bonds We counted te
a 80 2anl tnsn eaeoi and Mr. Morton again PLACED them
In ne IN box locking It, and placing the IN the 7aut the
enS We zsEe roI one 70 Two hours IN examining our bons
| either Of them here during he visit here
Thus stands ne e her Of the Bank Of Tennessee when he
took that OATH could be have on that his son had folded and
put away the bonds belonging % great anv of t F 7
Gould be ha7s fergotsa thai sr Minor had ens tbs bonds
lining the bonds Of the Bank Middle Tennese f- % "a
We noaLs - s az perlea ths things q be done without
me knoNee o. me Conpoler G. his clerk Such
who has been active in asug ms rspulsonforip r5ns
s ~ 80 e1.a % SHOW big Innocence r.
would have been proper n Mr.. Morton to have sttpteI Ia a
be positively disproTed. II b. pubIiestioa IN - H.
should feel nat ne public regard him being mplciei IL the
sold lr. Morton forty three bonds Sometime after s sale
made he told me that there but forty one Of the knd q
one he told me thai be had taken the bends my box This
he denies and haven other witness to prove the fact
the bonds. He had order dated llh August 1857 The cues
ton asked him a. what time did the q the hank show
Il
TIE Comptroller books show that the interest on these bonds
paid 70 james Morton, the 18th OF September vas
difference from which he must be relieved makes the effort
oprove that The ComptOe cut od the coupons and gave them
him. But the Comptoer no recollection Of IL and Why
would be take this trouble himself that Mr. Morton
had an order for the hons and be would hardly for Mr. Morns
accommodation have ken upon himself this trouble Il
that Mr. Morton has perfect recollection Of al his Transactions
" at fault in other transactions. When before Committee
was asked what disposition was made b. The hank Of the forty
bonds ne purchase q me- lie replied hat eeoud not tell with
ont referring 20 the books Of the shen asked The
reBIieI he would 61vt "a 80 70 me fss y, ~ % me
then asked the books Of the bank show they 1ons4
the bonds d. Is little strange Sir Morton
can % veil reoolle every transaction connected With these forty
/ we're sold or what vas lone With them4
the box Of tie Exchage Bank that interest
the llh and that they held Mr.. Norton did go
on ne books q me hank until the 18th bui we're In all probability
/ cold By ne bank on the day previous.
Before ke up my statement showing the amount Of bonds
held b. The Exchange Bank July last must again return to
Mr.. Wo0us the committee which he saws was
ade according to the July report OF Mr. Spence made OATH
much regard % truth when be made that statement did
when he made his adav before the committee, which posi-
lively al5pfosea ny ne shdayts Of Jackson and Minor
Ny July statement shows that had with the Comptoer
s3lSs55 g and that the bank also had slol0o0 very few
days oeof ne Isl Of July deposited sl0lOO Of my notes
thereby reducing ny circulation and took that many bonds ou Of
S9OO Of new notes and s5O9 Of the old ISSUES which were not
too much muaed 20 pass. These given, the
lOl bonds went again into the with the Comptroller,
making my deposits as stated s4l4,455 %.
have The Cemprollers receipts for sa 900 paid him the
/
O00 according 70 the Comproers account 5000 Of tie call
paid in bonds, and $1,000 my ciaatOn masking, accord
s4l2OOO while my account s4l4000 The discrepancy
Of the two bonds only be explained by Mr. Morton,
and have little to hope from him. / that had
ory-three capitol bonds and he is the only person who
count still Kept the Of bonds ought have had in
the Bank q Tennessee, not thinking that the actually
Let. but q, that J PoS hey might be s found though not Of
Mortons statement sent to the committees Is not true
His whole object 70 show that have lost any bonds and
that be account for all that eongsd To this
leaves out l0l bonds in STATE and makes statement that
Morton we'll knows that when gave him the IL bonds got
ne pu5e9sa nom NJ ardan and that the number q bonds
In the exchange Bank eened all in giving him
would have answered purpose if D. had told the whole
truth as his figures would not have accounted for the he
wherein he that had 142 proceeds
for that number To do s he 10 axes out that there vas paid
by the Bank Of Tennessee, in and bonds
Comptroller to the Of s52OO0 This would
bonds says bonds subsequently deposited would
up the whole g. which were Withdrawn when
the bank went into liquidation fact, however, is that
$500 His whole account Of s matter sbevs lis rockies.
assertions and tathe has case selecting such
bonds deposited With the Comptroller but received the amount
in circulation But when he made call Of 10 cent took
receipts and tese show the amount to correspond with my books
/ except as to two, heretofore alluded to.
But, recently, proof has made that told Off
Gers sometime ago uat only had IS bonds In ne Exchange
Bank After having prior statements dsproveds this has
been lately brought out to close the whole AFFAIR. Why
come out YIN ms a. nrs- and end me matter az once M
they admitted this they continued taking my until
ton prtend that only had 90 bonds deposit (Which At the
price they giving for bOns would only Be worth about So
entered int obligation to take 81 900 Could any
cashier nave praneed reaT fraud than ms II n vas true
amount double the value Of securities dpOtei-Ving
opportunity 70 put IN Circulation saS OO5 ube hd obtane
ire t and sill agreeing % give the money credit By taking
holding nigh So co. What they did they
say bonds in Their hands colaeal security, does
fraud any less; il their statement is true il
would have been the duty Of the cashier exposed
the fraud and let the people know that there were no bonds to take
the issues This whole matter has assumed shape which
looks as 4 Mr. Morton might be able TO furnish the committee with
information which might cad 70 che recovery Of the lost bonds
viii venture to that other cashier Of bank in Tennessee
would have agreed any
the bonds deposit in value far below the circulation.
The following is a correct the deposit with
Am on deposit With Comptroller in Nay, 1857, ss5s 81
Paid in bonds on ComptrOllsr's call, $4,000 90
sn4,ss3 3
s5I5-ss 3
Redeposted after statement published in July, 10000 90
sn4Ss q
Withdrew = bonds, Of which n. York, 1000 90
Withdrew and soldtO Bank Of Tsnnlssse, $500 60
s5I5,5s5 9
s555,95s %
Withdrew and sold to Bank Of Tennessee 1900 90
Withdrew and deposited in Bank Of Tennessee, saOs 20
Deposited in November, nOoO 90
s2s5.2jO 90
withdrew and sent 70 New York 5000 90
s24025O 90 \
Withdrew q, of which sent 10 to Ssv York 5i6OO 90
S2Igaj0 90
withdrew, $3.50 90
S2I6OOO 90
Withdrew after the Bank vent b 10 liquidation, 5000
Which should leave sI23O0O 20
Deposit which IS up the outstanding
circulation. ". SPENCE.
IN CHANCERY Ar CARTHAGE.
June Rules, 1885,
John P Chandlerand Others J John Ivey wife Elizabeth
and others.