Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-06-13


change Bank Spence Making New
InVestIgatiOn-MOre yilIainy than
Even He had Imagined-Rutter to
60 20 states Prison. etc, etc.
From the Memphis Avalanche, June 1lth.
The fostering sore that sprang from the
projects of Radical Legislators to get hold
of the State fund sacredly devoted 10 the
education of the children of the State, and
which resulted in the collapse of the Ten
nessee National Bank and the sudden dis
appearance of half a million dollars of that
sacred fund, is now likely to be exposed to
the scorn and execration of all honest men.
The plan to authorize, by legislative reso-
luton, the transfer Of the common school
funds to irresponsible hands, was carried
out, and then the scoundrels who concOcted
the villainy, under threats of running the
bank, black-mailed it TO the extent Of one
hundred thousand dollars. This would
have given a large sum TO each Radical
legislator, but il is supposed that there was
no honor among these thieves, and that a
number who voted for taking the school
funds out Of safe hands got nothing at all,
and that a few leaders secured most of the
one hundred thousand dollars. Several
whitewashing committees have been sent
here to make it appear that the bank was
wholly to blame and to keep clear ont Of
sight the shameful completely of the Radi-
cal leaders. Nothing came Of these com
mittees. Ii wasn't intended that anything
/ should come Of them. They were 10 make
/ the public suppose that some one connected
with the bank, some officer here, some
| hacker elsewhe was the criminal. They
. J a.aftN L. e.
! that one hundred thousand dollars Of the
school fund money had gone into the
! pockets of Radical members of the Legis-
| lature and Radical leaders closely con-
| nected with Brownlow himself Why did
they not tell the public who the guilty
! parties were2 Why did they fear to let
! ont the facts Was it because they knew
! that such an expose would strip from the
! Radical party the grab Of hypocrisy with
which it has covered its corruption and
J delormity2
THE INVESTIGATION NOW GOING ON.
The Aruldnchs some time ago denounced
| the yillainous part played by the Radical
/ leaders, and now another Radical commit
/ tee has been sent here 10 examine the affairs
| Of the bank and exonerste the Radical
! rogues, who have over hundred thousand
dollars of the school fund in their pockets,
by denouncing somebody else. The man
J sent here by Gov Brownlow on this errand
| Is Senator Spence. He has been examin-
! ing the books and accounts Of the Tennessee
! National Bank, and indicates the points 10
be arrived at by declaring, in conversation,
that there was more develish rasCaiity than
he ever before imagined. He knows what
rascality in the management of a bank Is.
He was at the head of a bank at Murirees-
boro that failed under shameful circum-
stances, and ruined thousands. He now
says there was more develish rsscality in
the way the school fund was stolen than be
ever before imagined" Innocent Spence
lie says he means to have Rutter sent to
State prison. II he can do that nobody
will suppose that Radical members of the
Legislature we're the concoctors and lead
ing promoters Of the villainv and profted
by H. lie means 70 have Rutter sent to
State prison. Rutter was only the tool Of
others. He is now to be the scapegoat
Why don't he want 10 have those sent tC
State prison who were the originators o