Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-07-04
Illegal Cheeks at a Heavy DIseo.n..

An injunction was issued from The
sChaucery Court at Nashville Yesterday,
enjoiniDg ali persons holding checks issued
by the Recorder of Nashville from prose-
cnting suits upon the checks. The object
Of the bill is to have every outstanding
check against the city adjudieated as soon
as it can be done. The bill alleges that
many suits are brought and much litiga-
ton is springing mp in sll the courts Of the
county; that SO many Of the checks out
standing are illegal that it is absolutely
essential that each check shall be exam.
ined and passed upon by some competent
authority, and that the Chancery Court is
the proper tribunal to adiudicate all these
claims. so ~ S8 81 -
The bill AYERS that the whole
amount of checks issued in violation of
law, and to make debts instead of to pay
debts, is s9S6,2O7 "a; that many of the
other checks are in part illegal, being in
part for discount on checks. The bill
shows that s2l6,S5S so of these checks
were issued to "sundries," and that $685.
S04 % we're issued to the Finance Com
mittee. The names of parties who held
these checks, as far as known, are inserted
in the bill, and all other persons who hold
checks, but who are not known, are made
defendants. as unknown parties, and all are
required to file their checks with the
Clerk and Master. ls.s..7ag H-T i.= a-a zu
The bill charges that Julius Sax got
S29S, 900 of these illegal checks, and J. G.
Ogden got $3.50, 900, and they are required
to answer, specifically, the following ques-
tons:
Did you not receive these amounts, or
if not, what amounts Of checks from the
Chairman of the Finance Committee or
from the Recorder at his instance? How
much cash did you pay for these checks
and TO whom, giving dates and amounts.
Let them state on what account the checks
were received, whether by purchase or as
coliaterals; if as collateral, on what debts,
when due and who holds the notes and
collatersls-if any of the collaterals were
Issued before the notes fell due and by
what authority, and they are requested to
file the notes and collaterals. "a. ...
q. All other parties holding checks or COL
laterals are requested to answer the same
questions.
We have been assured by the counsel
that the object is to have these checks all
adjudicsted in the speediest manner, by
having the Clerk and Master to examine
each check as it is filed and report upon
it, and if it is a valid check to have it al
lowed without delay. The litigation about
the bad or supposed bad checks shall not
delay a settlement of all the checks prop
erly issued.
This it seems to US is the true situation
Of the great difficulty. The question as to
the validity of the checks must be settled.
There are perhaps 10000 checks out. A
law suit on each one would be an uncom-
mon burden and expense, but any man
who has check can go and file it with
the clerk, and if it is a good check it will
be at once allowed.
The difficulty is big one and will pro.
duce some delay and litigation, but this, it
seems to us, is the shortest road out oft
difficulty. The court will decide upon the
disputed checks and the people will know
what debt they have to meet. This bill
filed by Mr., Colyar lie carefully drawn and
presents the check difficulties aggregated,
and the plan We think will strike all
right-minded men as the best mode of
settling the complicated troubles.