Brownlow's Knoxville Whig. [volume] (Knoxville, Tenn.) 1866-1869, 1868-08-19
TOO bhUADWA -
NEW YORK, August 7th. 1868

4b3 BROADWAY,
FEw YORK, August 7th, 500.
GouerRor BroWnloi1
HoNoRABLE SIR. Not wishing 10 annoy you with
u correspondence rpon topic which, perhaps
know comparatively little about, when thinking Of
your facilities for knowing all still ] cannot re-
main silent when hear such sgaBderogs Ties told
about your personal administration Of the finances
Of your State, yous Legislative rings, &c. For H.
stance, / was told yesterday by man OF means
who, till quite recently lived in Nashville, in your
State but is now in business here in Wall street. and
who, am told has standing and position here on
finances, and especially IN regard TO Tennessee
he said positively that you had unliEnited quantities
Of the new bonds III your Office and often signed
million at time, er in any quantity wanted and
had issued tham toan extent that you yourself
did not know how many were out; and more that
several millions had been signed here in New York
that you passed the July interest because You
we're afraid tie coupons of the immense oyer-issue
Of bonds would cone in and tell the tale and dare
not have II known how many Of your bonds were
out and more, went on and said your new bonds
were not worth ten cents a dollsr-that the PEG
pie Of Tennessee nsver would pay dollsr Of them,
as they never had aAlue received
Now, cite the above as language | listened 10
myselfi and have heard dozen stories as black
as the above, that your Legislature were operating
with ring here liz New York TO legislats at this
time 10 create panic and TO revive the order of
things AZ the regulsr session This with other stories
are on the street Now what kind of lies are these
20 be allowed 10 CIRCULATE here in New York; As
! wrote July 18th that strong action was the thing
wanted / repeat u. Now, as distrust is growing
more and more general among the holders OF
your bonds, and In absence Of actsn, or in case if
i be weak, putting of paying interest by funding
Tor three or four years. IS said 10 have been pro-
posed will send ycur bonds 10 so cents on the dol
lar within ten days after the passage of said acts
the distrust here il SO great (many banks refuse
now to loan money on your bonds,) and the tone of
the street just right TO take it up and create such
panic as you would never live to sec its last effects
upon your State credit and at the same time re-
feet upon you greatly as tho Executive of the State
On the contrary, if you meet your past due inter
est with promptness, and provide for the future,
though 1t does cost more you viii be the gamer in
The future both Financially and in the esteem Of the
people-your bonds would quickly and steadily ap.
preoiate till they reached their full value
have owned your bonds for several years and
have faith in your honor and ability 70 set things
am, sir respectfully yours,
S. u. KNEKLAND.
] know not wbe this ex-merohant Of Nashville
may be. he maybe one OF the numerous rebels
who have gone into business in Now York. and who
have sought BY hook and by crook to get an agency
from the State 20 aegotate her bonds in that mar
ket, and whose applications have failed, and will
Sohsihee 20 ihii eO-iOhB ~ law any lnuuo0Ce.-
Certain il IL that Els entire statement is false Not
only false, but ridiculous. The bonds Of the State
registered in ;the Coniptrolers office so as TO
set forth the mum bers dates and acts under which
they were appropriated. The ooapons attached arc
all signed by the Comptroller aad the bonds them
selves eoanterignsd by the Secretary Of State, who
attaches to them The great seal Of the State II is
therefore, utterly absurd 10 suppose that bonds
in circulation not properly signed and registered
Indeed they coal& not be without forging Che Comp
troers signature TO each bond from forty 90 sixty
times according 70 the time they may have to run.
The parties issuing them would also have 70 forge
The name Of The Secretary Of State 70 each bond
And yet no instance has occurred in which any
such forgery hs: been detected Therefore, this
whole story about The fraudulent issuance Of bonds
is false In every Particular and is circulated for po-
litical effect In conclusion challenge those cir
oulating this SANDER to produce one of these spu-
rious bonds w. @. BRowNLow,
Governor Of Tennessee
August 10 laos