Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-02-05
Explanations by RutteT Of the
Above Letters and
TefezramS,

THE BANK GOES INTO THE OIL BUsI-
NESS.
The oil stocks or the assets Of the
bank, as valued AZ $50, 600, was pur-
chased Of Hutchinson. He paid on his
stock subscription of SIS 900 the sum of
5000 in money and $4,000 in these oil
stocks.
WHO Is WILLIE-AIL ABOUT HILL.
The Willie alluded to iu HAl's letter Is
/ HIPS eldest son. In reference to what
know Of Hilps administration of the
affairs OF the bank as Receiver, 1 may
state that / met him at Washington for
the first time. He was recommended to
me as a suitable cashier, by Mr.. Hurl-
buTd, Assistant Comptroller Of the Cur
reney. He was elected cashier at q sal
airy Of $500, and continued in that ca
pRcity until the bank passed into the
hands OF a receiver, about the time that
J. H. Howestein was sent out from
Washington as az agent to examine into
aud look efter the Gffsirs of the bank.
Mr.. Hill then abSented himself from the
bank sent for me to his hstel said he
wanted to be appointed Receiver, and if
1 appointed han he lUOUlR diUids lCith
me. l never received a cent from him,
hOWever-On the contrary, be has dOgged
the bank closed Up be received $500 for
extra services, though ! don't know
what the extra services consisted OF.
His way Of collecting the assets OF the
bank have been unsatisfactory and slow.
He srTOgates TO himself 10 mold q rod
over me, and thereby intends to extSrt
money from me to keep Willie In the
shoe store.
WHO p prrrrr~TI~LsD Tr1E spnrT9
The letters submitted to me purporting
TO be from Mullins, Richards, Wines,
Lewis, Arnell, w. J. Smith, J. J. Sears,
7. J. Cypert, w. r. Duncan, w. X. Hall,
L. c. Muse, d. A. Mum, Henry Briggs
and John Martin, are ali genuine. Sums
Of money were given to 50 many parties
and at so many different times tha. /
fail to remember each separate trans.
action, but remember to have given
Spence money several times.
TE-TIMoNY OF RUTFER CONTINUED.
Q What persons received money from
you in connection with the passage OF
the bill to manipulate the affairs Of the
bank?
NAMFS OF THE BENEFICIARIES THE
INCORBUPuBLE ARNELL AND Null
LINS
A. Some Of them are Messrs. Arnell,
Mullins, w. Spence, T. Z. McElwee,
Gen, John Eaton, jr., J. d. Davis, Sena-
tor W, X, Hall, W. Wines, J 5. Mulloy,
f. s. Richards, D. A. Num-, Wilson Dug
gan, Barbour Lewis, r s. Parham
(lObbyist). Hepburn of Memphis, for
merly of Iowa, and John Martin (de-
funct gave Duggsn a gold-headed
cane. There were several thousand
dollars spent. Spence and MeElwes
made propositions, IS members of the
appointed to settle with me.
looking to little pecunisry accommo.
datiOn. Smith was against ns at one
time, hut afterwards became our friend.
/ told Smith that if be would settle up
would pay him, in the shape of attoT-
ney's fees, $1,000 or SO, 900. / did not
give him the amount, however. Sears
ls q partner Of Smith. Parham was
my agent to attend the Legislature
Davis, Eaton, Martin and others, were
agents to help him along. SDence. a
member OF the committee, had a note
discounted by me for 5000 NV /.
oplnion is that MeElwee, Spence and
others intended to manipuists the thing
for their own purpose. / think If the
committee bad accepted my proposition
when made 10 1t, the State would have
recovered SIS. 600 more than 1t did get.
and that, In the end the whole mater
would have been settled without loss to
the State. Mr.. MeElwee and Mr.. Hem |
derson came to Memphis, representing