Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-03-29
ANOTHER RADICAL OFFICE-HOLD.
ER 'sCONE TO GRIEF

A few days ago we printed some very
ugly revelations concerning Comptroller
Hulburd's connection with the defunct Ter.
nessee National Bank Of Memphis. More
facts in regard TO this matter have beer
brought to light, and there is a very fan
prospect that Mr.. Hulburd will have tC
walk the plank. The Committee OF Bank
ing and Currency Of the House Of Repre-
sentatives, which has been investigating the
charges against him, reported the result of
their inquiry to the House Of Representa-
tlves on the 26th inst, and it came out that
Mr.. HulbuTd had ample opportunity to
cross-examine witnesses aud file rebutting
testimony, but members of the committee
state that the farther the investigation went
the more damaging it appeared to Hulburd.
The Washington correspondent Of the Gin
cinnati Gazette (Radicai) writes Of this
case, under date of March &c, as follows:
"Tbe resolution Of the Banking and
Currency Committee intended to recon-
mend the retirement Of Controller HUI
bi I'd was adopted this morning by vote of
6 to 2, viz: Messrs. Hooper aud Waldron.
Mr.. Smith Of Vermont being absent. a
motion by Mr.. Waldron that the resolution
be postponed for a week was lost by an al
most equally decisive vote, only Mr..
Farwell voting with Messrs. Hooper and
WaldrOn for it. The resolution which was
reported was Withdrawn by MIR. Monroe,
who stated that he had prepared it with
much care, though as il stands in its present
form it points not at Mr.. Hulburd, but
to Secretary Boutwell,, he being at the head
Of the department to which the Bureau Of
Banking and Currency belongs. To reach
the subject, as it now lies on the Speakers
table, will require vote Of the House, and
it is not improbable that in view Of the res
olution, the Comptroller may settle the DIFF
fculty by offering his resignation, which
would be accepted at once. The commit
tee examined Mr.. Hulburd at length this
morning, and intend TO go on with the in
vestigation without reference to the resolu-
tiOR of to-day until the entire official record
Of the Comptroller is thoroughly exposed.
"Mr. HoOper's resolution took the House
generally by surprise, though a few of the
members had privately heard what was
coming, and il was an unexpected event to
the committee when it met this morning.
During the last few days, however, the let
tiers and inquiries Of bankers and leading
business men in all parts of the country
have become so numerous that the COM
mittee felt it due to themselves and the
public to express their judgment as soon as
it was formed, and have accordingly done
so. The investigation Of the affairs of Mr..
Hulburd's bureau b been in progress
for nearly six weeks, and has been
chiefly occupied with the transactions
growing out of the failure of the Tennessee
National Bank, Of Memphis, an institution
apparently begun in fraud and ending in
ruin. During its last critical days, and
after damaging report by the examiner,
Bull Hulburd accepted a carriage from Rut-
ter, its President, and subsequently on Rut-
ter's demand gave him one hundred dollars
TO square the transaction. The principal
witness against Hulburd was Rutter, whose
character is none of the best, but who
swears TO a liberal use Of money among the
officials sent from Washington TO examine
and conduct his bank, and who said that
they were obliged to divide with Hulburd
abuses, such as charging money for
charters to national banks, favoritism, and
with compromised subordinstes
sIealleged."