Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-02-06
RUTTER.
TESTIMONY OF mR. PARHAm.
Gard.

MEMPHIS. February 8. Ba.
Editors Memphis Appeal;
TRe statemsnt published by you thli
norRing, p~urp0rting TO be the evideneI
given " me before the Legislative Com
mtttee ct Nashville, with reference &
the School 4 and does me and others gresi
Injustice. L. does not correctly STATE
what / ssid be ora the Committee a
shown by their report, Onits all the ex'
plaDaticls given and written down q:
2aTtE OF my evid nee before 1t was
signed by me, ard Q esnot contain, BY 9
grsas deal, the entiro and exact state
ment - 1t was written dGSn By the
| Comm tee. I did not ssy that / gave to
any one Of the persons mentIoaed lie
ny evidence, any money. 1 only stated
hat they received money as loans. My
/ evidences does not chow explicitly that
hese loans were made by the bank,
" its President, but such was
the fact. I wss no o responsible for
hem, than was the cashier of the bank.
Ths money vas lent, as directed by Mr..
Rutter, sud generally paid DOT by the
cashier to the parties, or else handed to
them by ET. RGtfer. / acted merely as
attorney, and stated before the Commit
tse Whst csme to my Knowledge as such (;
IN Il AAa 81 81 S4A - ~ - NaN
Sergeant alarms OF the Ls9isiatu {
acting under orders, compelled to go be-
fore the Committee, by them required t.
testify, aud by Mr.. Rutter requested to
do so fully. My private letters TO Rutter
we're by BIN, much 70 my surprise and
modification, given 70 the Committee.
No member Of the Legislature ever
promised me or any one else that know
81, that ne would, in Confederation Of
soy loan or money advanced, vote or
give his influence in any particular way.
[ thought the Tennessee National Bank
very solvent; it wss quoted by
bank reporters as of the very
best credit and large capital; and [ be-
lisve that the members OF the Legisls
tuFe, who recommended II, did so con-
scssnti0usly. Nor does my poor intellect
now discover, how blame should attach
to them, because they borrowed money
from q bank which they recommended
ard supported, and which afterwards
faiIed, There are now banks Ia this
State, acting Gs iscsl SCENTS, and recon-
meuded and supported BY those who
GorTOw money from them, perhaps. At
he t!G5 that the Tennessee National
bank vas appointed fiscal agent many
other banks, veyy highly recommended,
"A ~ = tA1LA wv AAEA|A4As &NAiAS21GA VI
this city, spilled through gentlemen who
bad borrowed money from them, for this
same agency. Years ego, y large ma
jlrity 6Tthe members or TIE Legislature,
voted 70 lend ali of the School Fund to
the State BaaE, the Union Btnk, and
the Planters Bank, az s banking capital.
IL was dODe. ADD thsss members many
# them borrowed money from these
banks That Was no evidence that they
voted corruptly.
81 far as / am concerned, / never saw
the School Fund, nor any part Of i, aud
Iii not know that RGtter or his bank
had received il until months sitter ne hsd
50. That Ratter paid out, and
lent out, money to oetsiu friends
and procure the agency, seemed to me
AID was no evidence that he
would be an unsa'e agent. Members OF
The Legislature about that time smoked
some excellent cigars and drank good
vine with various ether bankers. Any
could well afford to pay twenty
thousand dollars for the use OF six hun
ifsc Thousand dollars for o year, with
lut interest, ARD yet legltimAtely clear
5sveuty t0ousa8d dollars by the opera
ion. Respectfully, r 5 PARHAA.
GENTLEMEN's WOODEN uudershlrts and
drawers ~ b, Lowenstein & Bros. at LEES
nan COS.