Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-02-04
on Mr.. Trimblo's motion was al


Ia.
Noes-Messrs. Bowen, Powell, Smith,
and Speaker Frierson-4.
Thus we find that the authority
under which Treasurer Stanford
took possession Of the school fund, |
was conferred upon him on the
motion of Radical, and by Radical |
votes. The first motion made to
take this fund out of the keeping of
the Governor and Comptroller, was
by political partizan of the Gov
ernor, and the amendment trans
fering it from their hands, and
placing it in those of the State |
Treasurer, was offered by a Radical,
and voted for by every Radical
present in each House but four or
five. We have thus shown how
the school fund was taken from the
custody of "the Governor and
Comptroller where it had remained
for fifteen months in perfect
safety, and placed in the hands
of Treasurer Stamford. Now we
have arrived at that point in this
game of getting hold of the "school
fund" when it was placed wholly
in the control Of the Treasurer.
The reason that this fund was
placed in the hands of the Treasury,
was that Comptroller Hatchett
would not consent to the selection
of the Tennessee National Bank as
fiscal agent. The Code provided
in section $50, that "the Treasurer
shall deposit all moneys that shall
come to his hands on account Of
the State, within three days after
receiving the same, in such bank
or banks as, in the opinion of the
| Comptroller and Treasurer, shall
be secure" The Comptroller was
memorable in his opposition to the
| Tennessee National Bank of Mem
phis, and Mr.. Parham discloses the
plan of heading off that officer.
The section which they succeeded
in getting into the general ap-
preparation bill, reads as follows:
Sec. 43. That the Treasurer of the
State be, and is here directed, and it is
made his duty, to require from such banks
| as he man select as repositories Of the
| public money, bond, each in the sum
two hundred thousand dollars, with se'
curity to be approved by the Governor
made to the State of Tennessee, and
conditioned for the safe keeping and &C
| counting for paying out, on the checks o
the Treasurer, the money deposited with
the Secretary of State"
| We have italicised two remark
able changes which this section
makes from the provision of The
| Code. First, this section authorizes
the Treasurer to select such banks
as he pleased, without reference tt
| the consent Of the Comptroller anC
, secondly, the Phraseology of tn
| Code, "mOney that shall come t.
his hands on account of the State,
was changed to the public money
The Comptroller was Opposed
} to selecting the Tennessee Ma
tional Bank as a fiscal agent of tn
{ State, and his consent was absolute
ly necessary, under the provision
. of the Code, but the President @
the bank headed the Comptroller Of
by getting the Legislature to pas
a law comforting upon the Treasu
rer exclusive authority to make tn
selection; and not Only this, but en-
larging his powers as to the none!
he shall deposit. In answer to
question as to "What influence
were brought to bear upon mem
bers, or what means used to secur
the passage of this forty-thir
: | section" Mr.. Parham said
Il "Of course we became acquainted wit
members, and in social way sought TO
| their good opinion, rendered services
the way of drawing resolutions, bills an
charters in short adopted all the mean
l usual to lobbying. In addition to thes'
= we made promise to many members, ian
to others for their infuence,) Offering
> discount their notes or lend them none
as they might need it. w
/ | gave promise and extended iavors pend
: ing these negotiations or transaction
# with the following gentlemen
4 NJ. Arnell Of Maury, received part in cor
|. | sideratiOn Of note discounted, and pa
d in cash. | cannot state the proportions
: tifty-fve hundred dollars, as loan, l b.
e lieve. f. S. Richards, Of Shelby, partl
J. in consideration of his note discOunte'
r and partly in cash, received ffty~fI
l. hundred dollars. l know that five hui
IF dred of this was in cash sent by NJ
n Rutter, all as loan. Mr.. Wines,
IF Montgomery, received twenty-five hui
q | dred dollars. | don't know whetht
h | he ever rave any note or not. lie sal
n he wanted to speculate in some lane
,. in the Northwest. James Mullins,
i Bedford, to my knowledge received onl
= five hundred dollars in cash. don
&c know that he ever gave any note. v
IS X. Hall, Senator, received one thol
/. sand dollars, for which he executed b
; note, with some gentlemen from ke1
lucky. | think, as endorser.
! saw Mr.. Rutter present DR.. Mulloy wit
y a suit of clothes. Gen. John Eaton, Jl
d told me that he was IN the employ of M
T. Rutter to secure the passage of the bl
We consulted together frequently. L
received one hundred dollars at one tin
l. to pay travelling expenses. All the
Y, transactions were had pending the pa
n, sage of the bill, and before it passed.
e, disbursed about thirteen thousand do
: lars to various persons outside the Legi
n, lature to secure influence"
Of In answer to the question, " VIII
Y, did you regard as the warm frient
OF of the measured" Mr.. Parma
/ said
"The warmest friends were Arne
v Fuson, Mullins, Duggan, Donaldson, Mu
of 10y, Patton, Wines and many others,
IS, these were the gentlemen who consult'
ar together. In the Senate were Hall, L