Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-02-04

due him, holding balance subJectto o'a'''
Here followed long correspondence,
principally on the side of Hutchinson.
A telegram from Washington. on June
Ia 1866. from Hutchinson TO Rutter,
SAYS: II propose 70 make you Govern
ment Depository Tomorrow. The mo
meut Won receive the certificate publish
4. and commence business at once
In his second letter, dated Washing
ton, June 20. 1865, he says: my orotne'
takes out blank draft, which ! have 10,
structed him to use in the purchase Q,
ouartermasters' certificates.
You must bear in mind your iirst quar-
ierly report must be made before the ION
Of July. In making il, ! advise you 70
nut under the head Of capital stock paid
IN" $50 600, which is all you are 70
on;rad m do The Internal
Reyenus Commissioner has not yet de-
cided to give US the internal revenue De,
posts, but will, think, give us part OF
than Be very vigilant IN
procuring deposits. in order to Get as
many as possible before your eompen'
ton increases. Our surplus account Is
being pretty well drawn upon, and am
contracting liabilities somewhat
February 7, 1866, be writes Rutter;
"The B. P. aud W. Va. Petroleum COM
napy have two other valuable lenses to
dispose of, in good bearing :ersltory;;
The company have already engines, ano
are preparing to boar.
He urges Rutter to 60 into the oodring
business. Hutchinson himself appears
to have been trife Of boar, and pretty
wild one at that =.
March IL, 1866, from Washington. he
writes Rutter: The oil stocks bid tar
TO be an extraordinary Investment Don't
want TO influence anybody against their
will. but this is no humbug affair. l hon.
estly regard this as remarkable chance
for investment. We have opened large
camel coal vein. bu, the oil is the thing
for profit"
October l6, 1866, he writes Rutter;
"Friends have advised me to 60 to Mem
mis-. and if I make a favorable report
all will be well, and we can transfer our
capital TO the Tennessee National easily
without designating the details. 1t
20 to Memphis ii will be with the view OF
covering the present debt with all else. l
desire you to write me at once, setting
forth strong points, that l can show my
friends with the view of increasing eapi-
tai. w
December II, 1865. from Washington,
he advises Ruiter: BY all means to Sc
cure The services of Morgan as Cashier
of his bank. BE has had much expert
ence." He also says: Friend a. d;
Bigelow visits your city-he IS interested
in our oil enterprise, which we haveJust
started. and which is no hambug. |
hone you will take an interest of $4,000
in II. and sell ss much stock as you can
in Memphis. / have large interest in
this enterprise. We will let you In on
the ground floor"
July 20, 1866, be writes Rutter to re-
init for the 500, 900 as early as possible.
TIE certificate alluded to in Hutch
in son telegram Of June l6, 1865, was the
authority Of the bank to do business.
LYMAN was a clerk in the Office of Gene
raj Spinner. He was useful by reason OF
his influence.
The oil stocks on the assets of the
hank. as valued at $50, 900, we're pul-
chased of Hutchinson. He paid on his
stock subscription of $4,000 the sum of
81, 900 in money and $40, 900 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 affairs of the bank as Receiver, l
NAV state that / met him at Washington
for the first time. he was recommended
to me as a suitable Cashier by Mr.. Nurl'
burd, Assistant Controller of the Cur
repcy. BE was elected Cashier at sal
arv of $500, and continued in that
capacity until the bank passed into
the hands of q Receiver, about the
time that J. q, Hounstein was
sent out from Washington as an
agent 10 examine into and look after the
affairs Of the bank. Mr.. Hill then alb
sentsd himself from the bank sent for
me to his hotel; said be wanted to be APP
pointed receiver, and if IGppofnfed him
he rould divide With me. ! never re:
ceiyed q cent from him hovever-on the
contrary. be has logged me for money
from time to time. When the bank
closed up be received Eve hundred dol.
lara for extra services, though / don't
know What the extra services consisted
of. His way of COLLECTING she assets OF
the bank have been unsatisfactory and
slow. He arrogates to himself TO hold
a rod over me, and thereby intends TO
ex.ort money from me to keep Willie in
the shoe store. The letters submitted TO
me purporting 10 be from Mullins, Rich
arss, Vines, Lewis, Arnell, W. j. Smith,
J. ] sears, z Z, Cyperi, W. e. Duncan,
w. r. Hall, T. c. MBss. D, A. Num-,
Henry Briggs and John Martin are all
genrine. SPINS Of money were given to
SO many parties end at so many times
that I fail to remember each separate
bat 1 remember to have
given Spence money several times.
Q. What persons received money from
Won In connection with the passage Of
ihe bill to manipulate the affairs of the
bank.
A. Some Of them are Messrs. Arnell,
Mullins, W. Spence, T. B. MeElwee,
General John Eaton, jr., ]. ID. DAVIS,
Senator W, r. Hall, W. Wines, J. S. Mol
10y, r. S Richards, d. A. Num-, Wilson
Duggan, Barbour Lewis, =. S. Parhsm
(lobbyist), Hepburn, Of Memphis, for
merry Of Iowa, aud John Martini defuuct).
/ gaveD uqgsn gold-headed cane. There
were several thousand dollars spent.
Spence and McElwee made propositions
as members of the committee appointed
to settle with me, looking to little pecu'
mary accommodation. Smith was against
US at one time, but afterward became our
friend. ! told Smith that if he would set
tie up / wonld pay him, in the shape Of
attorney fees, $4,000 or $4,000. ! did
not give him that amount, however. Sears
is a partner of Smith. Psrham was my
agent to attend the Legislature. Davis,
Eaton, Martin and others we're agents to
help him along Spence, member Of the
nod uRta Ataaonrfad hu m n