Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-12-13
Amount to the debt Of bond account,
s8e,62 IS

balance unaccOunted iOr............ -lsllO -
After the assets were turned over to me,
the $l06, 900 Of bonds received by me were
increased to STE, 900, by funding coupons.
by the exchange Of coupons, and of Mem
phis and South Carolina bonds for State
bonds, and the four bonds received for the
Athens Bank property.
This $4,000 Of bonds is now on deposit
in the Fourth National Bank.
Z. Seventh charge is in relation to bank
issues-The committee give tables taken
from the old books of the bank, of the old
and new issue; and state that S1O5, S65
more of the old issue seems to have been
burned and cancelled than had been issued.
l know nothing Of the correctness Of the
Lank note account. There may have been
more Of the old and less of the new issue
put out than the books show. q think
that the total amount of the issues of the
bank, as recorded on the books, is correct.
Il is quite probable that the State and
myself may have burned new issues, that
We thought to be old, for there was a good
deal Of the new issue that was difficult 70
distinguish from the old. But l have no
knowledge of any new issue being receiv-
ed, excepting what was received in com
promise Of debts, which is still on hand;
and l have no knowledge of any new issue
that came into our hands being burned,
excepting that which was received with the
assets Of the bank. The money burned
was all counted by the clerk Of the Chan
Gerry Court, NJ. B. Howell, By the commit
tee of the Senate and House of Represen-
tatives, and by the Directors OF the hank;
and they all certified the money burned to
be the old issue, excepting the new received
with the assets.
s. Eight charge-In relation to expense
account.
The committee produce my expense &C
count, amounting TO S92, 600, and say that,
probably that, in that amount, salaries to
the amount of SOL ,4O5.s2 are not included.
This is most clearly an unwarranted charge,
for the committee, in their report, produce
a part of the items of the S92, 900, and
these items produced show the charges of
salaries to have been included inthe S92, 600.
The committee state that it is also probable
that there are items Of expense to be added
to the S92, 600, but that they cannot state
more definitely because they did not have
this account before them. Ii they did not
have the expense account before them,
what right had they to make the above
charge? But the committee did have be-
fore them my entire cash account, made
out for them in detail, which shows the
items of our expense account, and it GER
tainly was the duty of fair and just minds
to make thorough examination Of the
items of my expense account and cash ac-
count before making such charges as are
made above.
My expense account was reported TO the
Chancery Court from time to time and sp-
proved by it. My salary was first fixed by
the Governor of the State, and then by the
Chancery Court after reference to the Clerk
and Master. The salaries Of W. J. COch-
ran and others were also decreed to them
by the Chancery Court. Mr.. Cochran was
Cashier of the bank. His duty was TO re-
ceive, keep safely and pay out money, and
he gave his bond for the faithful perform
ance Of his duty. He acted as Cashier as
long as the orgaT ization of the Board Of
Directors was Kept up This organization
was kept up fully four years. 1t was kept
up because the directors, or part Of them,
felt it their duty to supervise the affairs Of
the bank and because it was desired by the
State.
NINTH CHARGE.
8. That | did not produce my vouchers.
The committee did not call for them.
One of the subcommittee told me that, in
the course Of his investigation, he would
want to see my vouchers L replied, very
well. You can see them whenever you are
ready for them.
The committee have brought forward the
testimony Of Ii. G Scovel to impeach some
Of my statements.
/ said that the schedule books were
small books, and that | believed that we
had 20 Union or Planters Bank money
amongst our assets received from the capt.
tai.
The schedule books contain two quires
of paper only, and are certainly small
books. Since L have been writing this
communication my attention has been
called to my first report TO the Cbaneery
Court, which was laid before our Directors,
and approx ed by them 10th November,
1866.
In that report there is an itemized state
ment Of all the bank notes that came into
our hands with the assets, and there is not
a dollar of Union or Planters Bank money
amongst them. So that my recollection
upon these two points has proved to be
correct. These are wholly unimportant
matters; but the committee have given
them importance by introducing them into
their report for the purpose, it would seem,
Of discreditiRg me.
The committee complain because | did
not exhibit to them my original bank ac-
count with the Peoples Bank. They called
for my bank account with the Peoples
Bank, and l gave them true copy OF it,
and they never intimated to me thai they
were dissatisfied with the copy, or wished
to compare it with the original, which they
could have dOTe.
TENTH CHARGE.
10. That there has been decay in litiga-
tion without cause; and if there had not
been that delay the main questions affect
ing the bank might have been settled long
since.
The committee snecifY no case nndlr