New-York tribune., 1872-09-02

time 40 miles of the road had Deeh Vi'oi
fashion, completed, and the Company "c,o
ontitlod IN the proceeds of $322O,OOO III bonus,
no loss n ann than s5,1SO,OOO had been iSSueu
ond ipdorsed by the then Governor tne ho-
torious Bullock. and turned over 10 henry
CIo,,,a 20 throw ON the Wall-st and hohuon
80. Mr Clews swears in the statement
- ho submitted TO the Georgia Legis-
Iative Committee (page no. hopoi' W
| Ronds) that "for a number OF ycai' pa''
his firm has done generai
ing and commission business, ana as iio'uon
a toi thereto has aided by cash advances nu.
/" merous parties engaged in the CONSTRUCTION VI
L" railroads in the Western and Soutnerh states
The latter receiving our preference JTo" o". we"
% Lno,,o desire 10 aid as rapidly as poSS'oe I"
:. .ono;r;no the rauages of tpar-Our aggregate
90 onnootiotions. Western and Southern, since the
20 war IN the present time, in aid OF railway en-
" ternrises. amounting TO at least thirty milllon
Z" "dollarsp Observe the patriotism and phllan-
thronv Of Mr.. Clews! What magnificent be-
nefcence! To help along an enterprise III whlch
| not one dollar of private capital was 10 oe III,
vested, he will override the constitution Oh
Georgia to bless the State with unlimited deDt,
and with godlike contempt for the laws ne VIII
flood the markets with five millions OF bonds
| instead of the three authorized by the laws.
Thus does he repair the ravages of war.
But Mr.. Clews informs Wall Street that the
business interests of the Country couldn't stand
Mr.. Greeley's election.
"Is it not possible" some reader may ask,
| "that Mr.. Clews was ignorant OF the iact Vhat
"there was an over-issue OF bonds !" hr.
Clews himself processes the most profound
| and universal ignorance of the condition anu
affairs of the railroad of which he was treas
urer. as well as Of the constitution and laws
of the State of Georgia, whose money was IN
! Trusted TO his care Had he known anything
of the actual facts, had he suspected that the
bonds were prematurely indorsed, had DIS at-
tention been called to the fundamental law OF
tbe State. he swears positively that he never
would have advanced a dollar to the Bullock
gang, and would have promptly declhed 10
receive the bonds (pages los, lO9 et seq Dut
he had implicit confidence in Rutus d. bu,-
lock. and never doubted that the Bruns"ick
"and Albany enterprise was honest and far"
His cbildlike confidence in Bullock's and Kim
HALLS honesty is only matched by his bellet In
his own thorough and complete Ignorance OIL
everything connected with Georgia. This Is
tho sum and substance of his three affdavlts.
lie unlike the candidate he supports for the
ice-Presidency, is a frank Know-Nothlng,
ond i willing TO swear to it every hour IN the
day.
But there is one thing Mr.. Clews does
know. He knows that the sound business IN
terests of the Country could l't stand Mr.
Greeley's election.
We regret to say that there are GER
tain portions of the testimony taken
bv the Georgia Bond Investigating Com
mittee which conflict with Mr. Clews.
William McLendon swears (page 81 that ne
was one of the contractors for building the
road; that he cOnversed in August or Septem-
ber 1870, with n. s. Finney, agent OF the rail-
road and of Henry Clews; told him that they
were about to the Goth mile-pOst, and would
soon he able TO get more bonds; at which
Finney laughed and told McLendon that he
had seen the bonds uD to the 10th mile-post
two months before in the hands of Henry
Clews in New-York Finney himself swears
image SS) to having warned Mr.. Clews on four
or five different occasions in the Winter Of
1869 and 30 to be very careful IN
his dealings with those parties (Bul-
lock, Kimball g. co..; that bis deal
ings with them were exceedingly danger
ous and that the parties were irresponsible !;
and on two different occasions he warned Dlr.
Clews that he thought the bonds were issued
in advance of the work. To this Dir. Clew5
replied that he thought he could take care Of
himself. w. X. De Graflenreid swears (page
45) to having told Messrs. Lewis g. Folder,
confidential agents of Mr.. Clews, that the
Ill md fhaf
make himself liable for negotiating fa!E7 Sc
curities. James II. Ledlie (page Jj), owner OF
thirty-fve bonds Of tho Brunswick aad Al
bany Railroad Company, and 0no OF the con-
tractors for building tho road, testiies
that he had q conversation with Claws
in the Fall Of 1871 about the over.
issue of these bonds, in which he told
Clews that the bonds issued ahead Of the work
were worthless. "Clews replied that he knew
"nothing about it. / told him he did know
ait. because he knew that the line of road was
"not near completed, and that bonds OF the
"ybole line had been issued and indorsed !;
"and then Clews replied, That is none Of my
business'n Lastly, to complete the testi-
mony that Henry Clews knew, as far back as
November, 18,0 that the bonds he was selling
were issued without warrant of law, we copy
from page Is of the report of the Bond lnves-
tigating Committee the following extract from
the letter of n. l.. Angler, State Treasurer
STATE TREAsURERs OFFICE, !
ATLANTA, GEORGIA, March 20, lS72)
Hon. THos. j. SIMMONS, Chairman Bond COMMITTEE
| Atlanta. Georgia.
DEAR SIR: In answer TO your inquiries In regard, first,
10 Messrs Clews Co. being advised by me as to infor
malty oyerssue and egality of the bonds Issued by
Gov. Bullock, have to say that in the month OF