Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-04-25

or not, makes public some things which
will cause people to open their eyes in
amazement. For instance, we have the
following in regard to
THE SCHOOL FUND.
That COMPOUNDED school fund matter is
going to give us more trouble. feel in
nv bones that il is. Your letter saddling
all the blame on Stanford won't do. We
will have to pack it during this guberna-
| torial election. We can't fasten all of ii
on Stanford and Rutter / was doing so
Yesterday, when a mean Rebel cuss shut
me right up by asking me: "Were not
eleven Radical members of the Legislature
| feed to use their influence to have the school
| fund put, contrary to law, in the Tennes-
see National Bank? Didn't some organ of
the Radical party get twelve thousand
| dollars for using its influence in the same
| direction ?" | couidn't imagine how
| the fellow found out anything, and
/ was regularly taken down. When
| | came to, | said these were disloyal
ISLANDERS, but the fellow dared the Radical
party TO have an investigation of the books
| Of the bank TO see who got money that was
charged to profit and loss. He offered to
bet me that half the leading Radicsls in
the State had borrowed money out of the
| Tennessee National Bank, or had got
money given to them. Says he: "SOme
| Radicals doubtless borrowed money for
business purposes just as others did, but
would like to know when some member OF
the Brownlow family had dealings with
the bank. would like to know at what
time Anell got those eight thousand dol
lars, and then L could guess whether the
action of the State Legislature and of Stan.
ford was influenced by them. As it is,
have nothing to say about them, but dare
the Radical party to have public investi
CATION of the books of the bank"
| am afraid, very much afraid, my in
domitable Governor, that the public will
believe we were all to blame in that school
fund business. The public would not have
minded it 80 much if it had only been the
three hundred and twenty thousand dollar,
that tie State lost, but you see when the
Tennessee National Bank stopped, thu
Treasury Department of the United State.
got alarmed, and ordered all the collections
by Federal revenue officers and othe
United States officials to be sent to Cincin
natl for safe keeping. OF course the money
thus sent away would not come back for
long time in the regular course of trade
and this draining of over one hundre,
thousand dollars a week from Memphi
soon checked trade and brought about bank
ruptcies and general prostratiOn. !
great many people say if the Radical
had not got money from the Tennessee Ma
tional Bank, they would not have had tn
school fund put in it. If the school fun
had not been put in it the State would no
have lost between three and four hundre,
thousand dollars. If the State had not los
half the school fund the Tennessee Nationa
Bank need not have suspended; and if
had not suspended our Treasury Depart
ment would not have carried off a hundre
thousand dollars a week. If the Treasur
Department had not carried off the col
lections, trade would have kept up bette
our banks could have given aceommoda
tons better, and many bankruptcies coul
have been avoided. They will blame tn
| Radical party, sure