The home journal. (Winchester, Tenn.) 1858-188?, 1871-08-24

Cnase' ana tne circumstance attending tlt
same, these words are used He failed t(
notify the Commissioners of a fact o.
which they well hight have been ignorant
anu that is, that there were two other de-
crees of the Court touching this matter Of
purchasing-one, of the Attn, requiring tht
purchaser to continue the running Of the
road, and the other giving certain other
stockholders until September 9TH TO pur-
chase. He said nothing about these de-
crees--wholly lisregarded tlcm-and fail
cd even to inform the Commissioners by
calling their attention to them" This
statement Is absolutely false, and exhibits
a reckless misrepresentation of the real
facts. or a Willingness to misstatc them.
All the decrees-4th and 9Th April, and 80
June-the petition of Wright & Co., and
exhibits thereto, including the proceed
ings of Board of Directors of 18th April
and Of the stockholders meeting Of I'd
May-in fact, all the papers in relation to
the Winchester Il Alabama Railroad, were
before the Commissioners, carried there
by myself; and most, if not all of them
and certainly the de recs--were read by a,
least one of the Commissioners, Mr.. Fogg.
The contents ofthese papers were well I'M
derstood and discussed; hence, in their
report, the Commissioners give the facts as
to my proposition, and leave It to the
Court to decide whether | was authorized
under the DEGREES to make the purchase,
and they ask in their report that notice he
given to W. n. Wright q Co., stating the
place ofresidencc oithe leading members
information communicated to the Commits
sioners BY myself.
Q. As to the transaction with the Com
missioners this language is used as to my
self: He told them he had the money
(S75000.) to make the first payment with,
which he did not have. and one cent of
which he never paid until after W. N.
Wright & Co. had paid their $4,000 and
given their bond. with good security, for
the remaining S225O0O; and then he only
presented to the Court the bonds, without
showing chat they were his. or whose they
were" When | determined to propose to
purchase the road. | made arrangements
with VIM. A. Gleaves and Others to fur
nish the bonds necessary to make the first
payment. He had the promise. AS he I'M
derstood, of the President ola Bank in the
city, that he should have the bonds, and
relying upon this, went with me to the
Capitol to assist in closing up the TRANSACT
ton. Some three hours. perhaps more.
were consumed at the Capitol in getting
the Commissioners together. reading over
the papers. preparing proposition to pur-
chase, bond for deferred payments and re-
port Of Commissioners. and when this was
done, it was after banking hours, and it
was %thereupon agreed that the Comptrol-
Ter should finish the transaction and re-
ccive the bonds from Mr. Gleavrs the next
mornlng--the report of the Commission
erS, in the meantime, TO remain in the
possession OF Mr.. Fogg until the Comptrol
Ter should report to him that the matter
w us III tranquil. vi VIC IVA inpl lililG MI.
Gicaves found that the bonds promised
him were in New York; he thercupon
wcntto the Comptroller, stated the facts.
and proposed giving him in lieu OF the
bonds an accepted check for saycnty-tive
bonds on the Fourth National Hlnk. the
State Depository. Upon consultation
will NJ, ElrJ ttl Gam it - lj.r n,,gnrtal
this arrangement az satisfactory. and the
and papers were then presented to
the Chancellor by Mr.. Fogg. | was not
present If these transactions between Mr..
GIcavcs and the Comptroller, and knew
nothing Of them until | was afterwards
informed By hr. GlcarCs. During the
progress Of the Investigation by the Chan
seeing that the n~on-payment Of the
bonds might he misc0n9trued rs nm effort
ON my part to experiment. and that | was
not sincere in my purpose, | caused the
Court. and whether these bonds were
mine. or whose they were. is not material.
These are the facts in relation to this mat
ter, and while the Chancellor acquits
Mr.. Glcaves or myself Of any at
to commit a fraud. he decides it VAS
not a good payment,
Having thus disposed OF the nine lead
ing errors and misstatementS contained in
the communication under consideration,
| desire only to add in relation to that re-
Inarkable document that | hope the au-
when he again attemptst to present
l lawsuit to the public, will stick to the
4. few words in answer to the various
eports and surmiscS so induStrlously cir
'ulated a. to my conduct and motives in
hi. matter. and | am done. and hope |
nay not have occasion to again trouble :le
public w'thtlii- matter.
At the meeting of the stockholders on
ID Of May, | contcnded earnestly that an
Effort should be made to purchase or dis
bose of tho road, for the benefit and In the
interest ofaU the stockholders-that be-
some Of them were insolvent, made
20 Iy circumstances over which they had
10 contrOl-that because some of them
dead. leaving dependent families,
ras no sufficient reason why an earnest
fort should not be made to manage or
of the property in which they had
II interest to the best possible advantage.
believed then that the matter might be
busted in such Il manner as would result !
o the advantage Of alt StOckh0iisrs. and
What has since t%ranspire'I, has fully DEM
lie suggestion | made was not needed,
the whole property was turned over to
Y. y. Wright & Co. as individuals. " it'll =