Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-02-05
letters and TeIRgrams oI
HuichislaOn.


Here followed long correspondence,
principally on the side Of Hutchinson.
THE RANK Is MADE GOVERNMENT De
POSITORN.
A telegram from Washington, on June
IA. 1866, from Hutchinson TO Rulter,
SAYS: II propose to make yOu a gov
eminent depository tomorrow. TIE
moment you receive the certificate pub
Iish il, and commence business at once.
The certificate was procured accord
ingly, through the agency perhaps of
Hutchinson, who was afterWard re-
Warded by the deposit OF the school
fund, which he used as witness stated
above.
HUICHNSONs BROTHER COMES OUT
WlTH A BLANK Draft.
In the second letter, dated Washing
ton, June %, 1865, he says: My
brother takes out a blank draft, which [
have instructed him to Use in the pur-
chase Of qusrtermssters' certificates.
- You must bear in mind
your first quarterly report must be made
before the 10Th Of July. In making it l
advise you to put under the head Of
I" capital stock paid it," $4,000, which
is all you are required to do.
The Internal Revenue Commissioner
hss not yet decided to give us the inter-
nsl revenue deposits, bat will, l think,
give US part OF them.
Be very vigilant in procuring deposits,
10 order TO get as many IS possible be-
fore your competition increases. Our
surplus account is being pretty well
drawn upon, and l am contracting La
bilities somewhat
"COAL OIL TOMMY IS NY NAME"
Under date Of February Z, 1866, he
writes Rutter g. In addition TO state
ment furnished you, the B. P. and w.
Va. Petroleum Company have two other
valuable leases to dispose of, IN good
bO1riHQ territory. The company have
already engines, and are preparing 10
JOaF.n
He urges Rutter to 20 into the boaring
business. Hutchinson, himself, appears
to have been s. tritie Of bOsri and q
pretty wild one st that.
Under date of March y, 1855, from
Washington, he writes Rutter The oil
stocks bid fair to be an extraordinary ln-
vestment. Don't want to influence any
body against their will, but this Is no
humbug sffsiT. honestly regard this
SIS a remarkable chance for investment.
We have opened q large camel coal
vein, but the oil is the thing for profit.
HUTCHINSON PROPOSES TO CONE To
MEMPHIS
Under dste Of October l6, 1865, from
Washington, he writes EuJter Friends
have advised me to go Memphis, and
if ! make favorable report all will be
veil, and we can transfer our capital to
the Tennessee National easily, without
disOrganizing the details. II | 60 TO
Memphis il will be with the view OF Gov
eriDg the present debt with all else. l
desire yCu TO write me at once, setting
forth strong points, that / can show to
friends with the view OF increasing
capital.
"ILE, AND NO JOKE"
In letter to Ruttar, under date Of De-
cembar II, 1855 from Washington, 10
advise him by all means to secure the
services OF Morgan az cashier Of his
bank. He has had much experience
{ This Morgan fgureS ia the affairs OF the
bank all through.) He also says that
his " friend A. II. Bigelow visits your
city; he is interested in cur oil enter
prises, which we have just started, and
which is no hUmbuq. l hope you will
take an interest Of $1,000 in it, and sell
ss much stock ss you can in Memphis.
Please do your best for Bigelow. l have
a large interest in this enterprise. We
will let you in on the ground Il Dor"
Under date OF the 20sh o. July, 1866,
be writes RutteT to remit for the BOO, coo
ss early as possible.
the certificates alluded to in Hatchin-
sons telegram Of June 26 1865, was the
authority OF the bank to do business. 4
The man Lyman was p clerk 10 the Office
1f Gen. Spinner. He was useful by res-
son Of his influence.