Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-02-11
SCHOOL FUND.
q the Special Committee.
Speaker Richards Exoner atea.
Testimony Of witnesses and Com
cIusIon OF Committee.

| From the Nashville Press and Times OF Tues
cRy.l
Mr. Slngletary, chairman Of the spe-
| cisl committee appointed to investigate
certain implications against +. s Rich
ards, contained in the report of the School
1 Fund Committee, got leave to make the
/ report Of that committee, as foliOws:
I Hon. Ym. +. Prosser, Speaker pro tenn, aud
Gentlemen OF the Hsuse OF Representatives
! The special committee created and ap-
4 pointed under House joint resolution No.
| 3l5, 10 examine the testimony submitted
/ Dy the special committee on the school
und in reference to that part that impli-
/ Gated Hon. +. 8. Richards in the same,
! and see Whether or not said testimony Is
sufficient TO warrant his expulsion, beg
/ leave most respectfully to submit the fol-
Z lowing testimony, which is in words and
! figures following:
/ Her follow several pages of testimony
relating to the conduct and character OF
! E. 5. Richards, which appeared to the
committee sufficiently conclusive of Mr..
Richards innocence. We append a re-
sumo:
Mr.. RICHARDS TESTIFIED
He had Ia the summer and fell Of 1865,
several transactions with the Tennessee
National Bank OF Memphis, amounting
Ia the aggregate to several thousand dol
lars. The first accommodation had IN
Osnk was q discount for q $500 note at
sixty dave, endorsed by 4. M. White.
The next 8 discount OF 3 note for $500,
endorsed bS R0lfe s. S4uUders. The next
and LAST accommodation was for g $500
draft drawn by me in Chicago, October
81, 1866. 1 paid that draft in gresn-
backs.
he SUBMITS A TELEGRAs.
Mr.. Richards submitted the following
telegram from J. Il. Hill, receiver Of the
bank, dsted Memphis. February 4, 1853
1.-THE only $500 piece Of paper against
you among the papers is your noLe en-
doTsed by r. S. Saunders, dated January
81, 1867"
BE NEVER RECEIVED A CENT.
Never received one cent from Rutter
or any other person, either directly OF
indirectly. R1tter told him emphsti-
cally that the evidence as reported was
false. MT. Rutter, upon several OCcs-
EioDs, asked his influence to secure the
reorganization Of the Tennessee National.
Bank, stating that parties in New YORK.
would advance money or take stock 30
the amount Of $500 600, and make Ne.
l bsuk, and secure tie Interests Of the
state; and said II l would give nag inflG-
ence, nay note should be taken care Of
Told Mr.. Ratter desired my note taken
care of if 1 could do it hoHorably, aRd
protect the State; that Col. Z. NJ. White
had for years been my friend, sud that
must protect him if possible, but
whether could pay the note or not, the
State would lose nothing. Had been an
uOyed by Rutter. Had told Rutter that
anything he 0opld do to save the State
he would d. it, and if it was the better
way would use his influence tn have the
bank TeOTgauiZsd.
he EXPLAINS = DRAFT.
O. State whether or not you have paid
The $500. draft for which you drew or
the Tennessee National Bank OF Mem
phis, and referred 10 in your letter, dated
Chicago, October 81, 1856.
A. I went 20 Chicago TO get married,
and found myself short Of money, and
drew for the $500 referred tC. / paid the
draft as responded TO In my answer No.
2, and verified to BY telegraph dispatch
OF to-day, February 4, 1859.
BE EXPLAINS RESOLUTIONS.
@. Explain what resolutions are re-
ferred 70 in your letter 70 Mr.. R1tteT,
dated at Nashville, March i, 1867, and
whether or not you received any pecu- |
nisry compensation for your effort in
that behalf
A. I DO not remember the resolution
referred to, but presume it refers to sus-
tanning the Tennessee National Bank, or
authorizing a settlement with the Bank.
I opposed Mr.. Ritter in every way
could from becoming the depository Of
the ate funds, IS my votes show but
sfJer I learned that he bad got the funds
favored mild means for securing the
funds, believing 1.-THE only way by which
the State could be saved. Conferred
with some Of the best financial men in
the State in regard to saving ths State
fund from loss. ] never received nor ex-
pected TO receive one cent for anything
did In the premises.
HE INSISTS THAT HE NEVER RECEIVED
. ANY MONEY.
O. Was there any money received by
YOU from r litter or any one else from the
action Of yours referred 10 in your letter
to Rutter, dated f" House Of r presents
tives, January q, 1887, i" and was your
action In the premises because OF peeu-
mary consideration, or desire to dc the
best thing possible for the State, accord
ing to your convictions Of duty? 8
A. 1 never received any money or
other consideration Tor any action named
in said letter. / simply desired, as have
before said, to have the bank saved, be-
lieving it was the only means by which
the state could. ba.ssved from loss.
BE EXPLAINS HIS LETTER To RUTTER.
@ What was meant by the following
letter TO Rutter: