Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1870-06-04
ters arranged by taking time and

s,,s, "N"g "ne ""o
Yours truly, 4. wATERiIousE.
The Committee would call special
attention to the last sentence in this
letter, as also like intimatiOn maxi
Ing things all 40. K.n by time, and
some trouble In the other letter, to-
wit:
New York, Nov. 1ss5.-JoHN Os-
MENT-Dear Sir: wrote you some
time ago to buy certain bonds
and have not heard from you as tn
what you have done. / canget them
made all o. X. by little trouble
and Insist upon you making the
purchase If you can without delay
Let me hear from you at once.
Yours, T.. WATERHOusE.
Here II Is evident that Waterhouse,
the renewer of these bonds, was GER
tainly informed as to the exact nature
OF the bonds he was purchasing, from
the fact that his language Is unequiv-
ocai upon the subject ofmaking them
all D. X. To make up the full
amount of $4,000 of these bonds is
sued to the Insurance Commany of
the Valley of Virginia, the commit
tee find that one Sam. Hunt renewed
two of them numbered 10, SIG and TO-
526, and r.. b. Sample 4 Sons one,
No. 4,57S, for the banking firm of
Water, Pearl 4 Co., In New York
And as late as March Z 1870, Mr.. e.
G5 Pearl renewed twe bonds whose
nqnbers are 6,l45 and 5,146, and this
W. done by State officers right In
thb fhce of the written notice already
referred to of 8. Watson, plainly
stating To these officers that these
bonds were stolen and for them not
to. renew them. The com mittee
would ask that the Legislature ex-
anime the two last bonds mentioned
In order that they satisfy themselves
that the erasure by burning of the
name In the face of the bond was in
tentionally doneip order to consul
mate nefarious ends, ut least this is
the unhesitating statement of the
committee, who have assuredly thor
Oughly considered the whole matter.
To review, then, the committee find
that the bonds described as aforesaid
are in circulation, or upon the mark
ct, or the green bonds issued In their
room and stead are, and the State Is
now liable for that amount. 1t Is ev-
ident that no one concerned Is an IN
nocent purchaser, consequently the
committee would urge that the said
/ bonds, numbered as aforesaid, be
rendered null and void, and for moth
/ ing held, and that the General AS
sembly take such other and further
steps In the matter as they may deem
necessary.
With reference to the deposits made
in the Tennessee National Bank at
Memphis, the matters pertaining to
the so-called School Fund left with
said bank, the committee have this to
report: That the object was not so
much to prove any ones criminal
connection with the manipulation of
The assets Of Tennessee National
Bank, or what is generally known as
the School Fund, but their primary
object has been to secure to the State
whatever of money or valuable secu-
rites may have been left from the
debris Of the Tennessee National
Bank. Whatever may have been de-
veloped In the direction first indica-
ted, has been incidently so, as the
committee were Of opinion that, no
matter how much of corruption and
criminal cupidity indulged In to the
detriment of the State financially,
and to the tarnishment of the State 8
honor, that the people of the State
are tired of listening to tales of rot
ltenpess upon the part of those who
should have been the protectors of the
States interest. There are $50. .OOOin 7-3O
United States bonds. returned to the
Comptroller from the Tennessee Ma
tional Bank: these were first deposited
in the National Bank of the Rcpub-
lie and Afterwards changed to the
Fourth National Bank of New York.
where thew nre now subject TO the
order Of ths Treasurer. The Interest
on this $40 (,Oo Of bonds has been used
in paving the interest on the State
debt. 6ut This can better be under
stood by statement furnished the
COMMITTEES bv the Treasurer. to wit /:
Collected from the Tennessee Nation
al Bank, S5O.OOO i'm bonds of United
States-in the Fourth National Bank,
New York. The sum of 500, ,O22 u
| In currency. used. as was the interest
ON the S5O. 600 in bonds. i'm payment
of interest on bonds of State. said in
terest amounting to SO, 3S4 so. Nett
amount after deducting attorney,s
fees and exnenses and used i'm the
nayment of state claims and mem
hers of the S6th General Assembly,
| S5I lis 80 These amounts. i'm the
aprregate s40S. 5o6 l3. is what has
been received from the Tennessee
National Rank and from interest on
bondswleaving S25l.723 81 i'm the
hank From Testimony the commit
fee learn that the verv heat quality of
assets of the Tennessee National
Rank were tnrned over To Mr.. r. w.
Rrown ot Nemnhis From the last
statement of said Brown, now on file
i'm the Treasurer,s office. the commit
tee find that the majority of these as
sets. consisting of first-class bills re-
ceivahIe notes. etc. have been col