Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-12-23
sTANFORD-s LETTER OF REsIG-
NATION.
Below Is a copy Of the State Treasures
letter TO the Governor, resigning his pO-

Below h copy OF TIE State AreasureTs
letter to the Governor, resigning his pO-
sition; afa Fff 81
| STATE TREASURES OFFICE, NASHVILLE,
TEX, Dec. 20, Is66.-To His Excellenoy
w, 9. BroFnlow, Goyern9r Of Tennessee:
4 In May last, under the fflh section Of the
act Of February 10, 1896, entitled ian act
TO wind up and settle the business Of the
Bank Of Tennessee,p received from the
Comptroller Of the State, as part Of the
school fand, the sum Of six hundred and
| Eighteen thousand two hundred and fifty
dollars 1865, 250) in @T-307 United States
/ treasury noles. By said section Eve, this
sum was 9placed in the hands Of the Trea-
surer Of the State Of Tennessee as q part Of
the common school fund originally de-
posted in the Bank Of Tennessee"
had but, one safe in my Office, which
had hecessariiy 70 be,0ften Lopened, and
sometimes 10 stand open for some length Of
time, Ibid not regard the fnnd as safe In
my Office. Il had never been the practice
Of the State Treasurer, rs Superintendent
Of Public Instruction, to keep possession of
any par Of the school fund. Onthe con
trary, this fund, like every other public
fund, has been kept on deposit il such is
cal agencies As the State had at the time.
Section go Of The Code requires that the
Treasures shall deposit al moneysthat shall
come into his hands, on account of the
State, within three DAYS after receiving the
same, Ia such bank er banks as in the opin-
ion Of the Comptroller and Treasurer shall
be secnrep l-a rrh 90 irE
By section as Of the act Of Masi &c,
1866, Il is made the duty Of Che Treasurer
to require from such banks as 10 AGg select
as depoiatories Of the public nloaey, a bond
in the sum OF two hundred tho0sand dol
lars, with seearity 60 be approved BY the
Governor Regarding this fund Of S0lS, .
25O Is public money" which had come
into my hands con account Of the State,p
felt bound 70 deposit in some fiscal agent
Of the State, at the earliest possible mo-
mea = 4tt. -Ll-.l F-f -ltt -
Three National Banks had been notified
By me Of their appointment as Repositories
Of the public mones. On the 9Th Of June
last the Tennessee National Bank filed its
bond, properly endorsed, with the Secretary
Of State, and ON the same day, according
to my understanding Of the law, and under
q sense Of imperative duty, I deposited this
fund in the hands Of the President Of that
bank, taking his receipt, the bank agreeing
DO return the fund in United States 7280
Treasury notes Of the same series. j de-
posted il in the Tennessee National Bank,
because / believed tito be one of the best
conducted banks in the State and because
i was the only one that had qualified itself
BY giving bond. / felt bound by law to
| deposit il, and could derosit no where else
i At the time In all this cannot now see
/ that have violated any law or committed
any wrong. ~, -. ~ p.
The amount, it is true, was large bot not
! larger than is often deposited in similar
banks by the officers Of the general govern
ment, and but little larger than We have
deposited without any security in New
/ York-citv tiA aF---sla- Oh
But while / feel thus justified, the pain
fil fact is apparent, that a majority Of the
Legislature, actuated DO not doubt BY
| proper motives, disapproye and censure my
action. As received the Office by the
! Joint vote Of both Houses Of the General
| Assembly, win not hold ii with their
Misrepresentation therefore, there being nov
D recess of the Legislature, tender 10 you
my resignation of the Office Of Treasurer
| Of the State of Tennessee, 10 take effect on
the FIRST day Of January next. This time
is reserved TO allow You TO appoint my sue
cessor, and to enable me to make the proper
| settlements. 1 . ir'A
l shall take leave Of you, Governor, and
Of all the officers Of the State government,
with the kindest feelings, and With my best
wishes for their future prosperity. 80
am, Governor, very respectfully, 81.
Your obedient servant,
r. s. STANFORD, O..
II -fas r7I- ototo 7,raae,irsy