Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-06-09
TIE CITY.
THE MUNIUIPAL swINDLE.
Evidence of Julius sax.

Of the $75, 900 received in ehecks on tb
| 18th of May you still hold, and give ihei
| Numbers.
| Answer. / object to answering thi
| question, for the same reason as stated B.
me on the 10Th Of May, 1869.
7 10. Please state fully your objections
"a. By answering this question fully
and as my answer Is at once. as shown b
precedents, published in the daily papeil
of the city, 1 would have 10 make my pri
vate business, and that Of MY CUSTOMERS
public; aud, further, because since an,
swering before, another bin has been filed
IN which ! have been made party de.
fendant, and will be required To answer
that bill. /, therefore do not wish 10 an.
swer this question. ~ y --7'
Q. Do you mean thai having stated
that the 5000 was given to you by the
Chairman of the Finance Committee as
collateral, and that you still hold a por-
Hon of the collaterals, you will not state
what part you hold, and will not give their
mum bers-are you acting under advice or
is this your own decision? go 'it
A. L am advised by counsel that the
question is not legitimate one, because il
relates'entirely to transactions long sub
sequent TO the fling of the bill, and that,
therefore, am not bound to answer it. to
avoid exposure Of my private business, as
before stated, when 1t would have no effect
on this litigation. / decline to answer.
Q. Ii is stated by the Chairman of the
Finance Committee that he has borrowed
of you, or of the Nashville Savings
Bank, Of which you are President, $2l5,-
400, and that he has deposited with the
bank 1921 500 in cheeks, Please state IL
this is true. g.. ,tr..s b, .- -.
a. The same objection would apply to
this interrogatory, but as the Chairman
of the City Finance Committee has made
a public report Of his transactions in
borrowing money, ] answer that menu
orAndum from nay books which | have
before me shows that let the city have
$2l5, 400, and took as collateral $29S,-
00O in checks. There may be mistake
in my memoranda. H4 a
4 @. Now please state what proportion OF
these checks you still have. III. .-f5t.
A. For reasons given above decline to
answer. ~.
q. Please state what proportion Of the
$2l5, 400 ia figures rus 10 cash; that il OF
the money borrowed on paper. Please
state how much WAS actual money, and il
there was any division Of it, and with
whom, that is who got it and how
much did each one get. .... rs..
q "A. The whole in cash, except The IN
terest at six per cent, which was taken of.
The notes did not bear interest, and GER
tain portion Of the money went to redeem
past due checks which / held. The frat
loan of 81, 900 was all cash. The second
$1,000 redeemed 81 600 in checks past due.
The remainder, az | now recolIect, was
half cash and the other half past due
checks. The transactions were made with
the Chairman of the Finance Committee.
The money went, 10 the best of nv reeol-
lection, 10 the Treasurer of the city.
%. Please state the times and amounts
Ofleach payment TO the Treasurer. Were
the checks also delivered to the Treasu-
rsr or 10 whom
"A. On January Is, $4,000 in cash
on January l6, 5000 cash and 81 OOO
in past due checks February 2, $4,000
cash and $4,000 checks February A
$4,000 and $4,000 checks; Febru,
airy Is, $4,000 cash and $lO.OOC
checks; February %, $4,000 cash
cash and "a 200 checks; April 10, 500,
600 cash and $4,000 checks Apri
Is, $12,5O0 each and $l2.5OO checks
March 3, 81, 800 cash and 81, 500 checks
March 10, 81 900 cash and 81 900 checks
March Is, ST 500 cash and 81 500 checks
March II, $4,000 cash and $4,000 checks
May IL, SIS, 600 cash and some checks.
O. State the amount of checks receive,
by YOU from the Chairman of the Finane,
Committee, or by his order, at each one o
these times. | mean the amount receive,
as collaterals.
4. A. On note for $4,000, January Is
1869, six monts. SIS, coo in checks.
2. A. On.note for $4,000, January 1G
1869, six months, $1,000 in checks.
8. A. On note for $4,000, February .
| 1869, four months, $4,000 in checks,
A.. A. On note for $1,000, February
1869, five months, $4,000 in checks.
| Is. A. On note for $40, 900, Februar,
IA, 1869, six months, $26, 500 in checks.
itG. A. On note for $500, February %
1869, five months, Sl1 900 in checks,
q. A. On note for $4,000, April 10
| 1869, six months, $53, 900 in checks.
g. A. On note for $4,000 April Is
| 1869, six months, $4,000 in checks.
%. A. On note for $4,000, March 8, 1865
| six months, $l3, 900 in checks.
10. A. Ga note for $4,000, March IL
| 1869. six months, SIS, 500 in checks.
III. A. On note for $1,000, March i
| 1869, six month";, 81 200 in checks.
IL. A. On note for $4,000, March p
| 1869, six months, $4,000 in checks.
10. A. Six notes for $4,000, May
1869, for twelve months, $4,000 i
checks.
1 @. What were checks worth at the tim
when you took these collaterals?
A. At the time transaction No wa
made checks were worth 85c, No. 9 wa
worth 77c, No. 8 same, No. 4 the sam
| No. the same, No. the same, No. th
same, No. 8 was worth 75c, No. 9 tn
same, No. 10 the same, No. l the sam,
No. IL the same, No. l3 the same.
| mean by the above, that checks general
were worth this price, and in some il
stances they could not be sold at all TO an
L DFOk6Is nc ClfrChS IStclRtu uut wei
worth about sc. less on the dollar.
@, Why were these checks worth LEI
than others?
A. | don't know only that could NJ
sell that kind Of checks Boxers did ne
like to purchase what they called FinanG
Committee checks, because they could OF
ly be used to pay taxes with, while othel
could be used to bring snil on or pay tai
esl either. '
q. By previous answer | see that 20
got on the ooh Of April $53, 900. No
the Recorders books show that these Wer
all $1,000 checks, except one which WI
for $4,000. These checks, it appears, g
inio the hands of the Treasurer before th
end of the month. Please state how the
got there2 rs
"A. / understand from the Treasure
that there were only four Of these II
turned to the Treasurer in April How
| ever that may be, wherever paid tax
for customers, | gave memoranda OF dr
bills to the collector which were settle
Iby checks. The checks went to ps
taxes,
Il @. Is not this what you mean, th
parties who owed taxes came and pa
the money to you; you giving them you
checks, payable in checks, which ShsI
dan took from them, and did not you r
turn these by checks issued to Vol
IAnd did not these checks asked aboU
reach Sheridan in this way? Did "
examine the Treasurer's report to sac
the whole was not returned.
"A. This was the way, if ! understan
the question correctly. r..rs.
q. Then in this way you raised Il
money on your own checks and got 9th
checks from the Chairman Of the i
nance Committee to redeem yours. ID