Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-02-03

1
desire you to write me at once, settinl
forth strong points, that l can show Il
friends with the view Of increasing
capital g o-E tEs11 oa84F4. so
/ In letter to Rutter under date of De.
cember IL, 1866, from Washington, tC
advise him "By all means to secure the
services of Morgan as cashier Of his
bank. He has had much experience
(This Morgan figures in the affairs Of the
bank all through He also says that his
" friend, A. II. Bigelow, visits your city,
he is interested in our oil enterprises,
which we have just started, and which is
no hamJug. hope you will take an
interest of $1,000 in it, and sell as much
stock as you can in Memphis. Please do
your best for Bigelow. | have a large
interest in this enterprise. We will let
you in on the ground floor" laL
Under date of the 10th Of July 1866,
he writes Rutter to remit for the $780,
600 as early as possible.
The certificates alluded to in Hutchin-
sons telegram Of June 26, 1865, was the
authority of the bank to do business. The
man Lyman was . clerk in the office OF
Gen. Spinner. He was useful by reason
Of his influence. -.-.-.... ..r.,---
The oil stocks on the assets of the
bank, as valued at $50, 900, was purchased
Of Hutchinson. lie paid on his stock SUBJ
scription of $4,000 the sum of $1,000
in money and $4,000 in these oil stocks.
The Willie alluded to in Hills letter is
Hills eldest son. In reference to what |
know of Hills administration Of the af.
fairs of the bank as receiver, l may state
that l met him at Washing
ton for the first time. lie was
recommended to me as suitable cashier,
by Mr.. Hurlburd, Assistant Comptroller
of the Currency. lie was elected cashier
at salary of $500, and continued in that
capacity until the bank passed into the
hands Of Receiver, about the time that
j. Ii. Howestein was sent out from Wash
iugtOn as an agent to examine into and
look after the affairs of the bank. Mr.
Hill then absented himself from the bank;
sent for me to his hotel; said he wanted to
be appointed Receiver, and if Iappointed
him he soOuld diUide aCith me. / never
received cent from him, however-on
the contrary, ne has logged me for money
from time to time. When the bank closed
up he received $500 for extra services,
though / don't know what the extra SER
vices consisted of. His way Of collecting
the assets of the bank have been unSatis-
factory and slow. lie arregates to him
self to hold rod over me, and thereby
intends to extort money from me to keep
Willie in the shoe store. The letters
submitted to me purporting to be from
Mullins, Richards, Wines, Lewis, Arnell,
WI. Smith, j. j. Sears, T. ]. Cypert,
w. r. Duncan, w. X. Hall, T. C. Muse,
d. A. Num-, Henry Briggs and John
Martin are all genuine. Sums of money
were given to so many parties and at so
many different times that l fail to re-
member each separate transaction, but /
remember to have given Spence money
several times.
Q. What persons received money from
you in connection with the passage of the
bill to manipulate the affairs Of the
bank?
A. Some of them are Messrs. Arnell,
Mullins, w. Spence, t. B. McElwee,
Gen. John Eaton, Jr, j. ID. Davis, Sena>
tor w. X. Hall, w. Wines, j. s. Mulloy,
F. s. Richards, D. A. Num-, Wilson Dug
gan, Barbour Lewis, r. s. Parham
lobbyist, Hepburn OF Memphis, formerly
of Iowa, and John Martin (defunct.)
gave Duggan gold ,headed cane. There
were several thousand dollars spent.
Spence and McElwee made propositions,
as members OF tho committee appointed
to settle with me, looking to little
accommodation. Smith was
against us at one time, but afterwards
became our friend. told Smith that if
he would settle up would pay him, in
the shape of attorneys fees, $1,000 or
$4,000. did not give him that amount,
however. Sears is partner Of Smith.
Parham was my agent to attend the
Legislature Davis, Eaton, Martin and
others, were agents to help him along.
Spence, member Of the committee, had
a note discounted by me for ST, 900. Ny
opinion is that McElwee, Spence and
others intended to manipulate the thing
for their own purpose. think if the com
mittee had accepted my proposition when
made to it the State would have recovered
S75, 900 more than it did get, and that, in
the end the whole matter would have
been setted without loss to the State Mr.
McElwee and Mr. Henderson came to
Memphis representing themselves as
agents of the State to settle the whole |
matter | desired the assent of the Comp
treller of the Currency. He (McElwee)
would have nothing to do with it if that
officer was allowed into the negotiation.
This was after | had paid our mutual
lawyer $500; the lawyer was relative OF
McElWee. | subsequently learned that |
McElwee had no authority to make the |
settlement lie had accepted the
position of Warden Of the Pcni-
Tertiary with the understand
ing that he was to resign off |
the committee. The bonds to the amount
of $685. were placed in my hands by
of section four of an act, passed
Feb. l6, 1866. r. L. Stanford was Treas
urer of the State at the time. ! received
them of him and gave receipt; there
fore got the funds here and gave the |
receipt mere. | have obtained a states
ment of the assets of the bank by which |
! find total OF $i55, 1856; some Of them
were oil stocks, some in railroad stocks |
and others equally useless paper.
SPICY CORRESPONDENTS.
Letters and dispatches, all addressed
to Mr.. Rutter, were embraced in the re-
port Of the committee, Of which We give
the following synopsis:
Letter dated Washington, December 4,
1861 from James Mullins, member of
Congress from the Fourth District, to
Gov. BrOwnlow, advising compromise
on the part Of the State.
Letter from w. Wines, then member
from Montgomery county, dated Nash
Vile, November IL, 1866, saying he has
o speculation on hand" and wants to
make good thing out Of it, involving
the manipulation of large tracts of land |
in Iowa, Kansas and Nebraska. His OBJ.
ject is to get Rutter in" as he wants pc
cuniary assistance.
Dispatch from Nashville of November
81, 1867, signed Barbour Lewis, who
says: Can you get the note now? If |
so, get one, two and three years at least |
on the other. You need not fear the
Bosom will go quietly and
help you all he can"
From the same and same date: "You
don't comprehend all the difficulties at |
this point. ] think you will come out
all right. Wait until you see Bosom
and Norman. They are friendly and |
anxious to help you. Don't irritate or
defy them, and we can make it all right"
From same, Nashville, March %, 1867:
Blossom and Norman will leave Tonight |