Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1870-06-04
WHOLE NO. s,ilf.

nOUE NO. y,nI.
with any State officer In regard Ia
the faiIure or suspension of the banI,
and the loss Of the school fund; IL SO,
what officer?
Al did, with Gov. Brownrow
In Knoxville, Tenn; and In that con.
versation he favored the continuance
of the bank as the fiscal agent of the
State. / had frequent conversations
with him before and after the supen-
sion Of the hank, and he referred yne
to Judge Norman ms q man who
would do me good in any Of my
transactions. Brownlow at all times
favored the bank.
q. Did you receive any commu-
nication from Gov. Brownlow In re-
gar to your fiscal agency of the
State, II so please file any such com
munication as part Of your answer to
this question.
Al did. I received letter from
Gov. Brownlow, dated Jan. 2, 1867,
and filed and marked "Exhibit A. d
| EXHIBIT A.
STATE OF TENNESSEE, Executive
DEPARTMENT, Knoxville, Jan. 9TH
1867. - Geo. X. Rutter, Esq: 1 have
your esteemed favor of the Bird, and
hasten brief reply, being pressed
with letter-wrlting. From the first
/ have not blamed the bank; it did
what all banks legitimately do, pro-
cured all the funds 1t could lawfully
t0 operate upon. Stanford Is to
blame, for ne knew that he had no
And lot me advise vo, onna - 60 r"a'n' AZ,
not to cont,de In Stanc,u, H. '.,
states tho u,han h y srn,,. ,,,, INV
racaint authori.,ng ,re c,,J o"o 81 ho
returnrd in wrcenhachs ha w.s /" ,m Nc
dor tho ,ns,snca 80 ,;n,,nr mr WIS Wa In ~,
noa not Ino,v Sro n ,uhat 4, o,,.' ~, Iuo anu uiu
He Is ho,iavad ~, hans rnaa;,,
for danositing alone ;n W;d.,,o pay
nnssaa NO ~ ne,nr,,tt,n ~ ,,,s', 'd'e ~ ILL, ie.1
for To investigate his entira cond,,ct
I think the same men wil, hs an.
pointed who went To Mamnb,s
Those centleman aro k;nJ III t%.,r
feaIinys toword Won ond wo,s hnmh .
Thew were ali fawarahlv iu in,rrnssa.; ~i
with the honnroSla a"dr 1. ,"nno,
in which Won octed Thew ara . nore.
over onite d;snossd ta in',,i,,a ond
cvor fha hank nnI enable ~ IS an, ,
;ts argaye,nants r,thar ,han !" ,n,,.', ive.
Tho insti1ntion We nj, Sao, snI;s
nosad hmt We fool o,,tranod g., S,on
fnrd and we ore I;snosa,i !" icni, % ;nto
bis condnct N W AooN iii'0
Very respectf,,lv ..... ......
~ ~ T,o,vv,o,r
covor,or ~ Tan",o
" ''o'
Q.--Please state why It was that
Gov. Brownlow warned you against
Treasurer Stanford, and what con.
nectlon had DIR. Stanford with the
deposit of the school fund In the
bank? a,fe. ..,......
Ale said that Stanford was mn
old Johnson Democrat, and was not
to he trusted under any circumstan.
ces, and think another reason for II
was that ne thought Stanford might
turn upon the party and "bl0w" on
them and "shOw them up',ln their
true light. Stanford'sconsSectionwit
the deposits IN the bank was honor
able; lie did what he CONCEIVED to be
his duty under the law creating this
bank the fiscal agent OF the State.
Q.-Whnt parties were chiefly In.
strumental In making the Tennessee
National Bank the depository OF the
State, or fiscal agent, and what means
was used to secure their influence and
cooperation?
A.-S0me OF the persons who re-
ceived money connected with the
passage OF this bill, and to manipu-
late the affairs OF the bank, were 8.
Nj. Arnell, James Mullins, William
Spence, Il. B. McElwee, Gen. John
Eaton, Jr., Jas. ID. Davis, Senator
w. X. Hall, VIM. Wines, J. s. Mul.
10y, +. =. Richards, Wilson Duggan,
Barbour Lewis, --Hepburne, John
Martin and w. j. Smith. With the
exception OF Barbour Lewis, Martin
and Hepburne, all were members Of
the General Assembly OF 1866.
Q.-Were the sums paid or advanc-
ell to the members before or after the
passage of the bill.
A.-Let these men have money be-
fore and after the passage of the bill
through Parham, my agent, and my.
self. -
Odd you or your bank at any
time, deliver to anybody, rs agent oi
the State, any security Of any kind,
as indemnity for the loss OF the school
fund?
| Ave paid over to q COMMITTEES
Of the Legislature, consisting OF B0s-
sum, Spence Il Co., some $340, ,0O0-
$50, 900 of which was an order on the
Treasurer at Washington for United
States securities, besides, 1 think,
some $50, 900 or S31 900 Of 81 900 Ten
nessee bonds. l gave them my car.
pet-sack in which they put the mon-
ey, etc.
Q>-Was the order on the United
States Government given by your
bank to the committee for bonds OF
cash; was 1t accepted and paid?