The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-03
Begging, Praying, Threatening for the
Price Of the Carriage.
A Hundred-Dollar Quittance
in New York.
REPORTED RESIGNATION Of lAR, HuLByRD.
si--.. =
WASHINGTON, April +.

i 49, "a
WASHINGTON, April 2, 1872.
Comptroller Hulburd mas informed the Secretary
or the Treasury that his resignation Is at Mr.
Boutwes disposal. rms Is the natural result OF
the investigation by the Committee on Banking ana
Currency, and was the only thing left to Mr.. HUI.
burd after the revelations OF George r. Rutter, In
regard to the presentation Of the carriage and har
ness and the testimony In regard to Calender and
the affairs of the Ocean Bank The material parts
OF Rutter's testimony are as folows:-
- RU.TER TEsrFIEs. -.
met Mr.. Hutchinson, cashier OF the National
Bank OF the Metropolis, OF asngton, in 1885, and
national bank; lie told Inc that II l would get up
q lot OF stockholders In Memphis he would aid In
sas 81 Pa hs oa1x and furnish any
about $l,6o0,000 OF government deposits at that
time IN the Bank OF me Metropolis; we went on
and organized this bank, rnlak III June 1865; l
am not certain TO the month, Tor have tried TO
forget these things for certain reaSQns we organ-
lied that bank, and the institution ran ABOUT
two years, tnInk; il was called the tennessee Ma
uonal Bank Oh Memphis. would like to remark
here that that bank commenced under very favor
able auspices, and up TO the time that we became
the fiscal agent OF the Western District or Tennes
see che bank was making money ana doing very
well; we became the fiscal agent OF the Western
District Of Tennessee through political influence;
we were promised by the radical party Of Tennessee
woaa eSes a IS er Sa s1S
would favor the institution; that they would do all
leave 1t there, ana we were led TO believe they
would do so 1t required $1,000 or stock paid In to
become . director IN the bank; subscribed for
that amount and paid 1t In subsequent TO that time
! took more; at one time hau standing IN my
name 5000; there may have been moro; do not
THE MISSING CURRENCY.
g. How much did Nj. Hutchinson takef A.
Q. Go on, and state any circumstances that you
want 70 bring before Inc committee IN connection
with this bank. A. saw an article IN the HERALD
that think Improperly reflected both upon me and
other persons connected with tho bank, and !
would like 10 nave the liberty to explain; think
10th nst.; it was said to have come from the CON-
mittee room; the article stated that the Comptroller
tennessee National Bank; it also stated that had
gone on from the bank with some twenty-five tn0u-
sand dollars In currency OF the bank leaving me
currency was returned-every dollar OF N-and o
certificate to that effect made by the cashier; y
copy OF that certificate was sent TO the C0mprollers
WANTS TO GIVE EVIDENCE.
After saying that he would rather be relieved
from testiiylng at all In the case the following
letter was SHOWN Mr.. Kutter. and he said he had
written it,
mite. .9 s sHs are
talk with leading gentleman here who advises 70 write
the subject The facts have are in re-
his special agents. relating Southern national
sl Sank S e
Hulburd aad his receiver and special agent biaekmaed
dent Of tho tennessee National Bank Of Memphis Tenn
e 81 e e a Ss III.
WAS % a r public re-
enumeration would be expected for my time and trouble and
me, ii once Please let me hear fran you at once and be
Kind enough this communication condentialy until
'al'"s' 1s'; Honas + RSEyEa boz ASA rs. once.
To Hon. SAMUEL J. RANDALL.
cuRIoUsLY MANAGED BANK.
q. Win you please state now what you meant by
nn fns In tn AIR mi kuh Unn
posed TO disclose In tnas letter! A. Well Sir,
through The Intriguing OF politicians Ia Tennessee
mixed up; as | said before we became the fiscal
agent OF the Western district OF Tennessee through
se sSe 81
were made for loans from sixteen or seventeen
members Of the Legislature of tennessee, besides
giving us to understand that II we did not lend tnom
money they would take this deposit from us; they
wrote some twenty or thirty letters asking Tor
q. What was the amount OF the deposit' A.
TESTING IT'S STABILITY
g What was me 9aonre OF sS a. we were the
and there were some bonds deposited in the bank;
some OF them were called the school iund, and
Others the assets OF the Bank OF Tennessee; finally
these mon kept maklng such demands that deter
mined we had better close up the bank rather than
give it oil away and allow ourselves to he black
mailed In that way there was committee aD-
pointed by the Legislature at my suggestion TO go
down and visit the bank at Memphis, composed Of
iney came down and drew TWO checks upon the
bankone for $780, 900 aud the other for the balance
OF S6ls $50; paiu the s350.0oo In money ana they
took Our obligations Tor Six, twelve or eighteen
months for tie balances; hoped the Dank might
rsCup crate in The meantime l communicated
facts TO the Comptroller; IT was about the tlme
{ ID bank went into the hands OF the receiver our
collections were withdrawn; the depositors began
10 he suspicious and Withdrew their deposits until
every hope OF recovery was disslpated, ana we
found We could not do anything; the commlttee
that came down from Nashvilie examined the books
and papers Of the bank and made report to the
Legislature OF the state that "Mr. Rutter hai
afforded them every facility 10 examine Tue affairs
of tho bank, and that his conduct and Department
proper and correct, and that they found no Cause
OF complaint, nor any ground of elimination what
evcr;' this report was published with the proceed
iuQs: finally 4 came on to Washington to see the
EOmptr0iAer, and told him the whole state OF the
anaIrs, and that had paid this money; came on
Ter; told hi ~ Atnk we had better go Into liquida
tlon and WIND uft all our anairs;' II wns nnaiy
thought best that the bank should go into the hands
OF a receivers Previous to that time MI. Hl had
been introduced TO me bv Hul0urd In washington,
pt the Treasury Department as ~ man 70 become
cashier IN that bank
-, WANTED TO SHARE THE phoFIT ss. 90 On
BY MT: Cox-l think sou haa Deoea ,t 10 e on
and give your interview win the COnp,roher.
A. Mr.. nil, as said bcfOAe. was lniroduced 20
me In Washington, aud subsequently came 40 W.
10 Memphis and became cashier Of the pank anu
subsequently q receiver OF the b&nki Mr. bii tou
me thai ne wanted his salary as receiver 10 re
$4,000 year; that he mad TO give the comp
troller part OF hls salary; don't know whether
have subsequently,, however, uikiersto cd
hal he GOT no auCn SALARY Tor his services: thin