The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-14

while the amount required for revenue was
$l4.3lo. showing surplus OF $40 f2s.
piled with inc law aud the Comntrpi,er was COM COM
sequently prec 1ded from taking any steps towards
the appointment OF receiver on TINS ground.
Meanwhile the large deposit OF funds IN the bank
belonging TO the State OF Tennessee became
THE SUBJECT OF LEGISLATIVE INQUIRY
ana eventually OF legislative enactment. A CON-
mlttee OF the Legislature visited the bank took ali
It's funds ana received the Obligations OF the BANK
i ry te p ae nee parable 6y the mat
to pay. The note Was protested the bank WAS
obliged to suspend. An agent was sent to lnvesIl-
notes was protested AID receiver was Il ppoinled
as provided III section so OF the act about Tie lst OF
March, 1857. Relative TO
THE APPOINTMENT OF WILLIAM HILL
as cashier OF this bank, the following statement Is
Mr.. Rutter, the President OF the bank, visited
Washington think ABOUT the last OF september
or the Ist OF October. He stated that he was dls-
satisfied with his cashier, and asked me II l could
recommend suitable man Tor the place. In think
ing over the men whom | knew, who would ne
likely TO be qualified for such a position the name
Of William A. Hill occurred to me. l had.little Or
no acquaintance with him personally. but he was
nlgn! recommended by number OF sespectaoie
had been filed with me In support OF an application
i0r some position connected with the National
Banks.
AMONG HIS TESTIMONIALS
were letters from Drexel Co., jay Cooke Il Co,
Hon. +. H. Brunei and Hon. T. NJ Howe, and all re-
banker.
These lotterS TO MT. RuLCer, anu AZ lib
REQUEST sent Tor Mr.. Hin, and 80 brought the two
men into communication. This was the extent or
my agency IN furnishing cashier for the Tennessee
NauOnal BANK. nad no Interest whatever In Mr..
Hills going TO Memphis further tnan this believed
MIN TO be good man, and hoped ne would be able
TO get the bank In better shape and manage II with
more skill and prudence than had been shown OF
his predecessors.
He was pledged to bring about reform, and 90
far as my knowledge goes did his best to accom-
plish IT, lie went 70 Memphis, according to MS own
that position only about three months
WHEN THE BANK SUSPENDED.
| appointed Nun receiver because regarded him
as honest, capable and we'll qualified by MS knOwl-
edge OF the affairs OF the bank to fill that position,
other man in Memphis whom l could appoint.
Through all the perpexites and emDarrass ments
attending the settlement OF the affairs or the Dank
nave never mad any reason to believe that Mr.. Hill
did not act with entire honesty and good faith. 1t
was never questioned but once TO my knowledge
and then wrote TO Mr.. Thomas Il. Smith, agent OF
the state OF Tennessee, appointed by special acc
OF the Legislature, to settle the claims held by the
STATE against The bank. and the man interested
ali others In the honesty ana correct conduct
or the receiver ana his reply confirmed my gOO0
opinion OF Mr.. Hill. His letter also explains why
SO long time elapsed before the affairs OF the
bank we're entirely closed up and the receiver as
charged. That letter Is hereto attached, marked b.
During this whole period Mr.. McCull0Ch,
SECRETARY OF THE TREASURY, WAS CONSULTED
on every Important point and nothing OF any mo-
distance or time, l think can say with truth tnaI
everything was conducted properly and IN order.
The foregoing Is pain Statement OF Iacts wnlcn
cannot successfully be questioned, sustained as IL
Is by official record and documentary evidence
II This statement Is true everything IN the shape
OF testimony winch comes In conflict with 1t must
be dscreded and reJecteu; and II II is true, 1t IS
clear that the comptroller LETT unperiormed no duty
winch devOlved upon MIN under the law.
the testimony taken before the committee on
other points Is not such evidence as would be ad-
mltted before any properly constituted tribunal.
1t is MADE up OF gossip, hearsay &C., and proves
nothing All lntlmations. however, rejecting upon
my Official integrity are met by full and explicit
denial have never received directly or indirectly,
money or
PROPERTY FOR THE PERFORMANCE OF ANY OFFICIAL
DUTY,
for refralning from the performance OF any duty
or for any favor which / had 1t In my power to
grant In consequence OF nv official position, and
do not know and do not believe that any SubOrd-
nate In the employment OF this bureau has, directly
or indirectly. received money or property for off,
cial lavors or Tor the exercise OF influence, real or
assumed, with the head or the Bureau IN behalf OF
any parties or applicants Whatever.
on the contrary, have sought continuously to
serve the government faithfully TO the best OF my
ability In oil things. II. X. HULBURD.