Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-12-01
THAT $4,000
Communication from MIessrs.
Brown s GFffIu. AtfOr-
Deys at Law.
MasrHIs. Novsmber %. 1855.

MREPHIs, November 30, 1858.
Editors OF Memphis Appeal:
We have bsen aware that a dlscussion
has been pending foF scme days past be-
tween the APPEAL aud another Journal
of this city, with re ference TO the "Sehool
Fund" During the progress OF this con
trOversy, your attention wss called to a
fund OF $4,000, suggested by your antsg-
Onist rs possibly belonging % the 'Schooi
Fund" Having previous knowledge
that we had charge Of some assets for the
State, as attorneys, you applied to Us for
information with regard to them, for the
svoEed purpose Of ascertsining whether
these assets comprised the fund of S52,.
coo sliuded TO. We gave you s complete
history OF these sssets, allowing you to
use such general facts ia our &C.
count Of the matter As would
e~xCulpste the State authorities from
ali blame. You were satisfied that
the transaction in which the State OBJ
tanned these bills receivable, could not in /
the slightest, reflect on o State authOri-
ties, and 50 stated 10 y0ur columns. We
had no care with references to the part
We took in the affair, because we 'Fereen-
uirely conscious of dOi3g Our whole duty.
This, it appears, was met on the part
Of yOgr antagonist with inueGGCs against
= law nFu without menti0uiEg names.
We do not feel that &c was incumbent on
Us to answer an inuendo ia 8 public print.
We would not like 10 confess taat our
lives had been 50 barren Of virtue IS 10
render Unnecessary to excUipate ourselves
from an i-nsinustiOn. NOman, hOEeVsr,
is above the necessity O. responding % a
direct charge, whatever the our from
which it springs, or whatever the motive
that inspires it. For the szme reisoa no
man al With honor decline to reply 10 the
demand Ct q public journal for adj
tiOnal information, thst has ven
tuFed 3 statement on his authority j
Therefore while nothing has up 20 this
imetFsnspired in the controversy, which !
required any notice 81 our hands, quite
q different phase Is put upon the matter,
when you, who wrote on iaL5Tuzti0n .
from us. ask for fuEtast and sd-
ditional facts. Hence solely IL response 4
this request, We rOw furnish yau for !
publication the history OF the $4,000 !
Transaction. I
When the late Tennesses National |
Bank became pressed in is affairs, .
among other items Of business iutTUstsu l
% Us by virtue OF our professional en- :,
yCgement with the President and the Z
Bank, was the adjustment Of the I
um OF about $50 QUO, q part OF 1
he current revenues OF the State psid
the bank IS one Of It's "Fiscal
On assuming the du-y Of
as counsel, the President of the
Sank, vi were informed, that about this n
mount of current revenue hsd been =
aid in, and hat there Wss not on hand 8
be money 20 meet il. The President
vas exceedingly anxious TO have some n
pesdy arrangement made with the
tate OF this particular matter. We q
bought, IL vas much 10 his interest, -
> prompt adjustment be had. Any r.
swyer will understand the pT0pristy Of y
lis advice so far as the PTess- %
ent OF the Tennessee National NJ
.snk was concerned. lie accordingly -
Us with assets, being sUBdTy 10,
lis receivable, amounting 10 the m
I'm Of $1,000, With which Que ~
Gs vent 10 Nashville, aud nj
TO the State TO accept these ~
sets IN discharge Of the missing reve- x
ne. and in full scQuittsnce OF the bond, IA
aich had been given to cover these par Or,
c1lsr deposits. This proposition, Mr.. in
then Treasurer q; the State, (Sb0 h..
tie whole negotiation acted with 10.
-est vigilance, 50 far Is the interests of -,
le State We're concerned, taking into 70
'uncil Secretary Fletcher, a ~ccAaPsteut tIl
wyeT), refused TO accept. The next IaU
thing 10 be done wRs 10 induce ne
~ size % LaEE THESE 6eatts eOllc- las
in the nature OF coilsterals, and as
axe SO much as possible Ous OF them ia
was made nz2i'est 10 the State su- ms
81 indeed II viii be to any BUSH Z
50 mind, thSt this was a safer course 20 cor
opt than TO rely on the bond alone. 2
objection made by the State TO n
wing sp this bond was that the courts 4
ight hold it sufficient to embrace tbs taA
School Fund.- Ibis construction OF Nv
at bond We did not consider then, nor an,
We now consider tenable. There AZ
ser was any dispute IS ~ its GOV "a,
ng the Fiscal Fund. The final NE
Iult, however, vas The acceptance of Il
2 second proposition by the State. The in
Is receivable were turned over TO the va.
sRsUrer for which be executed his re- ON
pt. Ths sGm o. 5000, the proceeds Nv,
some Of these bills collected by Us be- tic,
e goibg TO Nsshyilie, Ess Gkewise cge
d over. The President of the Bark cor
nished Us with The sum Of 5000 in a tax
tilted check, which he represented at froy
ume IS part OF hls private lung, 20 ing
advanced on these bills receivable 10 san
State, which We paid over in nan
with his instructions def
the Treasurer. For these bills nan
and monies so paid, We hold ina
receipt of the Treasurer. cor
After the State had received these and
AIr. Henry cav proper, inasmuch or /
L was unavoidable, that some attOr Sho
ys should have ths collection, to place can
II in our hands f0s tuis purpose, wiz
ing therefor our receipt IS sttoF- upo
3. How We shall discharge OUT pro- or I
ionel dpty, 10 this regard, Is a matter 10
Us and ORr client, the State. Bio,
BROWN q GRIFFIN. RsiI
q.