Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1870-06-02

disposed, but we teel outraged by
Stafford, and we are disposed to
look into has conduct. >
Very respectfully, etc,
w. G. BRowNLOw,
Governor of Tennessee.
Q.--Please state why it was
that Governor Brownlow warned
you against Treasurer Stanford,
and what. connection had DR..
Stanford with the deposit Of the
school fund in the bank?
Ale said that Stanford was
an old johnson Democrat, and was
not to be trusted under any cir
cumstances, and think another
treason for it was that he thought
Stanford might turn upon the par
ty and elbow" on them and "show
them up in their true light.
Stanford's connection with the de-
posts in the bank was honorable ;
he did what he conceived to be
his duty under the law creating
this bank the fiscal agent of the
State.
Q-What parties were chiefly
instrumental in making the Ten
nessee National Bank the deposit
tory of the State, or fiscal agent,
1 and what means were used to Sc.
cure their influence and co.opera-
ton ? -
\ A.--Some of the persons who
received money connected with
I the passage of this bill, and to
manipulate the affairs Of the Bank,
were Sam Arnell, James Mullins,
VIM. Spence, T. B. McElwee,
General John Eaton, Jr., James
D. Davis, Senator w. K. Hall,
| VIM. Wines, ]. S, Malloy, T. S.
Richards, Wilson Duggan, BaBour
Lewis,-Hepburne, John Mar
tin and w. J. Smith. With the
exception of Barbour Lewis, Mar.
tin and Hepburne, all were mem
bers Of the General Assembly of
1866.
Q.-Were the sums paid or ad-
vanced to the members before or
after the passage of the bill
Al let these men have mon
ey before and after the passage of
the bill through Parham, my a.
gent, and myself.
Odd you or your bank at
any time, deliver to anybody, as
agent of the State, any security
of any kind, as indemnity for the
loss Of the school fund.
! Ave paid over to & commit
tee Of the Legislature, consisting
OF Bosom, Spence & Co., some
1880, 000-S50,OO0 of which was
an orderon the Treasurer at Wash
tington for United States securities,
besides, | think, some $4,000 or
S31, 000ofS1 900 Tennessee bonds.
l gave them my carpet-sack in
which they put the money, etc,
and have not heard from any of
lit since.
Q.-Was the order on the Uni
ted States Government given by
your bank to the committee for
bondsor cash; was it accepted and
paid 2
AT was for bonds; was &C.
cepted and paid.
Q.-To whom did you pay the
$50, 900 or $4,000 Of bonds of
the State of Tennessee?
A.-To Colonel VIM. Bosom.
Q.-What disposition was made
of these bonds. &.
ADO not know what became
of them.
| Q-Do you know Of any other
persons than those spoken of who
received money, in consideration
of services rendered tosecure your
bank as fiscal agent?
Al paid w. III. Pearne some
money to 60 up and see Bosom in
reference to the bank matter. |
met Thomas FL. Pearne on The
cars between Nashville and Bis
tol, and when he found out that
l was going to "let out" on the
party he advised me to leave the
State and go up in Virginia "for
my health" He being into all
the little party ''fagrancies."
Q,-Do you know any other or
further fact of interest or benefit
to the State in connection with
the subject of inquiry before the