Knoxville weekly chronicle. [volume] (Knoxville, Tenn.) 1870-1875, 1871-06-21
EXAMINATION OF G. POWELL.


Question 1-Was G. NJ. McGhee, Esq, u
partner, or had he any interest in the firm OF G.
Powell, Green & Co. at the time the Knoxville
and Kentucky Railroad Company made de-
Answer.-No.
CUES. 2--Did the President or any officer of
the said railroad company ask or receive any
compensation, commission or profit in any. way
on account of making said deposit with your
house
Ans.-No
CUES. 3.--Was the account kept in the name
of L. NJ. McGhee as President Of the company,
or in the name of q. NJ McGheo as private
individual and were your transactions with
the Knoxville and Kentucky Railroad Compa-
ny done with Q: M; MeGhee by personal cor
dependence with him, or was it through the
Secretary and Treasurer of the company r.
Ans.-The account was kept in the name and
style of Q. M. McGhee as President, and most
Of the transactions through and by the Secre-
CUES. 4-Was the funds of the Knoxville
and kentucky Railroad Company used by the
President or any officer of the company for the
purpose Of private speculation or gain
Ans.-None of the funds was so used that was
in the hands of Q. Powell, Green 81 Co. -H
CUES. 5;-Please state whether, at the time of
keeping the account Of the Knoxville and Ken
lucky Railroad Company by your firm, it kept
the accounts of any other railroad companies,
and II so, what companies and whether they
were taken upon the same conditions as the
Knoxville and Kentucky Railroad Compsnys
account?
Ans--We kept accounts with various rail
road companies in Tennessee, to-wit: East Ten
nessee and Virginia, Rogersville and Jefferson,
Knoxville and Charleston, and the Mississippi
Central-all taken upon the same basis
Cues 6.-Also please state whether, at the
time of keeping the account of the Knoxville
and Kentucky Railroad Company, you kept
the account of any banks or business houses Of
Knoxville, and if So what banks and business
houses
Ans.-The Peoples Bank. Exchange and De-
post Bank, the Knoxville Bank, together with
various firms in your city, and many individ-
uals in Knoxville. ] would respectfully ask
you, without naming to make inquiry in your
city.
PSI will name few, to-wit: f. j. Sam
ford d Coz Rayl & Boyd and Coffin & Martin,
besides other firms and individuals.
Ques. Please state what railroad eompa-
MES besides the Knoxville and Kentucky Rail-
road Company, made losses by the failure of
your firm, and the approximate amount of each?
Ans.-The East Tennessee and Virginia.
Rogersville and Jefferson, Knoxville and
Charleston, aud the Mississippi Central
CUES. S.-Also, please state what, in your
opinion, was the financial standing and credit
Of your firm, at the time the account of the
Knoxville and Kentucky Railroad Company
was commenced, and what it was up to the time
of its failure?
Ans.-Good
Ques. 9.-Please state what the present con-
dition of the firm of G. Powell, Green q Co is
and what their probable ability to pay their liza
bilities2
Ans.-Hopelessly insolvent. with no assets
except few small balances on insolyent par
ties. r . ..
Ques. l0,-Please state, who were the indiyid-
ual members of the firm of G. Powell, Green &
Co, and what is the present financial condition
of eaeh so far as you know p
Ans.-Myself and Isaac F. Green.
have nothlngi Green think is in the same
fix. c. POWELL
STATE OF TENNESSEE,
) County ofKnoX.
Personally appeared before me, Charles II.
Brown, a Notary Public in and for the county
and State above named. Columbus Powell, of
Powell Station, Tennessee, who, being sworn,
deposes and says that the answer 10 the forego-
ing questions are correct and true TO the best of
his knowledge and belief ..
Sworn TO and subscribed before me this 18th
day of May 1871.
CHARLES II, Brown, Notary Public
GEN. A. f. Burnside, has issued his order
assuming command of the Grand Army Of the
VIII n, mot ha l. "a "a