Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-12-13
NASHVILLE UNION AND SUNDAY DECEMBER 49, 1874

but believe it was in part with the Peoples
| Bank.
All my transactions in bonds and cou-
pons have been faithfully recorded on our
books, but have kept no record Of the
names of parties with whom l had these
| transactions. This is never done BY banks
or brokers unless it be credit transaction.
The Bank Of Tennessee has bought and
sold millions upon millions of bonds and
coupons, and there is not on its books the
name Of scarcely single party with whom
1t had its transactions, and yet it is held
up as almost crime in me, not to have re-
corded in my books the names Of all parties
with whom had transactions in bonds and
coupons.
The deficiency in the bond account was
sos, 343.75, but the committee give no in
timation that this deficiency has ever been
accounted for. They have done me the in
justice Of Withholding from the public the
fact that have used every effort to discover
these missing bonds, having visited Rich
mond twice and Georgia once, principally
for this purpose; and they have also done
me the glaring injustice of Withholding the
facts that had aseertaiDed that 40 Of the
81, 200 State bonds, belonging to the bank,
had been sold through NJ. NJ. Sutton & Co.,
of Richmond, and that $4,000 of State
bonds, which had belonged to the insurance
companies Of the Valley of Virginia, had
been sod prior to the assets being turned
over to the military authorities. have
also discovered, within the past few weeks,
that John A. Fisher, the cashier of the
mother bank, had turned over to S. w.
nine thousand dollars of State
bonds, to pay a balance due Fitzpatrick
from the Columbia branch. This makes
SOS, 900, in all, of the missing bonds that
have been accounted for. There were %
bonds that came into nv hands, which |
were claimed by the State as part Of the
school fund. l turned them over TO the |
Treasurer of the State, r. Z. Stanford, not |
Treasurer Rust, as stated in the commit |
tees report. These bonds are now IN the |
hands Of the Secretary Of State. have but |
little doubt that, upon investigation, il will |
appear that these bonds are the property of |
the bank, and, If so, these added to the 90 |
bonds, will make $4,000 of the missing
bonds accounted for, leaving S13,S43.73 Of |
the bond account still unaccOunted for. |
But there were 81, 632.55, of coupons from /
State bonds, received by me, which are not
On the bank statement Of 1865, for the bank
had no coupon account. This, l think,
should be credited to the bond account. If
20, it will leave unaccounted for in that ac-
count, only S1,T10.SS. The bond account
should then stand as follows, at the time
hat the assets were turned over TO me:
BOND ACCOUNT.
Amount to the debt Of bond account,
as per statement of 1855, from old
bank books. .s211 ,3s3 rs
Amount Of bonds returned to Trustee 10000 90 |
Amount Of coupons returned to Trus
tee, exclusive of those on the one
hundred and six bonds. ...........-... IL ,632 IS
Amount Of bonds sold by W. NJ SUIT
ION q OO.-s...- fosJOO W i
Amount Of bonds received from Val
ley Of Virginia Insurance Company,
in exchange for State bonds belong
ing TO the bank, which bonds, sore
ceived, were sold prior to May Is,
AMOUNT of bonds turned over by ,Jno.
A Fisher, Cashier, TO S. W. Fitz-
patrick, TO pay his deposit account
in Columbia branch. .........-.-. 1000 90
AMOUNT OF bonds turned over 10 State
Treasurer. ......................... 5000 90
s209 $50 IS