Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-05-28
). ID. sere sbstrasled afls lhs assoc

BE- ids were distracted after the assets 1
passed from under the control of the Of |
icers of the bank. Two bonds made
payable to the Valley Insurance Company
of Virginia, and not endorsed by that
company, were shown to broker in this
city. and he received a letter from Geve-
land, T,un., describing third one of |
these bonds and making inquiry as to
whether it was worth anything, few |
months after the return of the bank to |
Nashville The hrokerin question wrote |
to the officers of the Valley Insurance
Company in regard to these bonds, and
from them learned the following facts:
The company had been doing business in
this State before the war, and had made
the deposit required by law of $4,000 in
the bonds-of this State, which had been
issued directly to the company. When
the bank was removed to Chattanooga the
company applied for its bonds. They were,
however, p&cked away so as not TO
be got at conveniently, SO MIR. Fisher
gave them other State bonds of the same
series, and they gave him as cashier of
the bank power of attorney to endorse
these bonds to the Bank of Tennessee.
This endorsement was never made upon
the bonds, but they appear to have dis
appeared, and at'least three of them have
been discovered in the hands of parties
who no doubt got them honestly, but the
person or persons who distracted them
from she assets of the bank, where they
were deposited, did not come by them
honestly. They were the property of the
bank, they were turned over with the
assets of the bank, but are not with those
assets now. There is $4,000 gone.
Then there were twenty-five capitol
bonds issued to the bank. Are these
among the bonds now held by the bank?
If not what has become of them? They
had never been endorsed by the Presi-
dent of the bank and were
not transferable without that endorse
ment 1t will not do to say that the
officers of the bank took any of these
bonds, for they knew too well that such
bonds could not be sold. The late John
A. Fisher stated more than once that
there were about two hundred and fifteen
of the old six per cent State bonds re-
turned with the assets of the bank there
are ab nut one hundred and forty. six bonds
missing, and we have shown that least
three of these bonds have got into IN
authorized hands. How did they get out,
and where are the other seventeen of these
bonds made payable to the Valley Insur-
ance Company of Virginia Are the
twenty-five capitol bonds issued and
made payable to the Bank of Tennessee,
still in the possession of that institution
If portion of these bonds have been alb
stracted may not the whole hundred
and forty-six have gone the same way A?
The investigation of these matters
would form another interesting chapter
in the history of the manipulation of the
assets of the Bank of Tennessee. The
present Legislature may not regard this as
very inviting affair-it would probably
injure the Radical party-but Legisla-
ture will be elected some day that will
have these transactions fully investigated,
and then we shall have some develop
ments that will astound the honest people |
of the State. In this connection it might |
be interesting to know whether the act
of Dec. 12s 1866, for the relief of the
bondholders of the State, has any con-
nectiOn, remote or otherwise, with the
disappearance of certain State bonds. 1t
is an inexplicable law to a large portion
of the people of this State. What does
il mean "