The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1879-03-06

MES. Stock was taken IN Lnem sefOrt
tie war, under laws the condition anC
restrictions of which, if rigidly anc
faithfully fulfilled, would have protec
ted the STATE from all loss. The State
issued bonds 10 them to the amount
Of 81, $50, 000 The conditions am
restrictions of the law were not faith.
fully observed. The burden of tn.
bonds and the interest thereon sine,
1861 have been upon the people, an
the State has received since the wa
sl06,000 in dep, eciated bonds am
coupons. The facts with reference t.
the investments in banks are known.
They resulted in heavy losses to tn
people.
We come now to the legislation and
action Of rGany corporations since the
war and prior to the adoption Of the
present Constitution. ~ presents a
carnival Of revelry ann corruption.
Previous investigations have dis
covered much corruption, the law,
themselves evidence much; this com
rnittee have discovered much not
known before TO its members, and
still :he field is unexhausted.
"a 1866, majority of The people
were allowed no voice in the govern
nent OF the State. The act of that yea
Was passed; 5 4,941, 900 were unjust
" added to the debt. 1867 came.
The larger portion Of the people ~,
still declared the exercise of political
rights. Many corporate president
agents and representatives came I
Nashville to attend the sitting IF ii
legislature. All known infueno,
we're used upon the supposed repre-
sentatives of the people. From tn
pulpit to the bagnio, recruits We
gathered for the assault on the Trea
nry of the State Fine brandy,
lhc barrel, was on hand to fire thi
and middle the brain, and Grst-ca,
suits CT clothing to capture the VANITY
or ayariee of the gay orneedy. None,
the proceeds Of bonds issued by Ia
State for specific purposes to the>
lner, was here III abundance, ami
WAS used. The omnibus r&ilro~
bill Of that year was passed.
neagly 80, 000, 900 more corruptly and
wickedly added to the Dutuens u a.
peopie. Take one example: A mai
.Ime 10 the State. He WAS appoim
"a receiver OF two short insolyent rail
roads, the Winchester & Alaham".
aaA The Manchester K McMinnvilI,
a: p salary OF $4,000 He was al
80 appointed Commissioner Of Reg
cra;ion for Franklin county. He SEA
his Superintendent, to the Legislator
OF 1867 as q member That memor
in conjunction with certain Senator
,s&s active in procuring Estate aid.
The commissioner aud Receiver Il
out contracts OH his road. an / was a
silent partner in them. ihe pro !
.aows that this receiver, npmrer Al
Senator, formed conspiracy todefraud
rlc Stlte. About Il Ini.,iun uviIiIs 90
bond, Issued under the act Of 1851
R,e:t into the hands Of the Receive.
lie came 70 the Smie to plunder itar
rnt:ch himself. He did so and left,
to another. A President OF raj
tna ( would sell bonds aud apply
lor;ior II the proceeds III corrupt eli
forts 20 get more bonds. One raII".
President says that he had great indu
ence with certain Governor; ,ha
aaothe: railroad president wanted
,yads and desired bis services vii!
SAIL Governor 10 get them; that, II
addition to pay directly for his service
a1d Influence with the Governor, h
WAS 10 have tha control of Il portion @,
the bonds obtained, To Use rs margin .
in stock speeulatiOns in New YORK.
thry got $50 bonds without warraG
or tanctiGn Of law. This man of in
hu,pce with the Governor did nav
AMI use 4 large number Of the IS
bonds in New York He refused 10
answnr various other questions pat {
I'm hy the committee, on the grounc (
that he Was not compelled to criminatc
himself or expose others hv abusing
Ir;tatc confidence. It>eems, howev 1
e, further, from his testimony, thu +
he, and certain other gentlemen men>
toned by him, Lad sold Tennessee
bonds short" and desired to depress
Ircm; that some Of them consuite,
;hr realm ot spirits" with the assist .
ance of a female spiritualistic medI .
MA" TO getinformation not acces>ibl, .
through terrestrial senses, AMI As to (
how to manage in ORDER ito stand
we'll before the court at home" The ,
got the information desired, and fol
lowed it scrupulously, thereby making
themselves some poorer and enrichin2
81 distinguished high Stats official some
thousands. Another witness before the
"sjgmpl,tee, distinguished III his uh,e.
c'lents and connections, refused t.
answer pertinent questions propounG-
~ hy the committee, on the groaDr
that he knew of no law, &" statute o.
','-caIir," compelling mau 20 crimi
gate himself or to djvulge information
AMI iacls received Is an attume,, or
10 abuse private confidence.
u matter Of fact al the railroads except the
'.'ri-N he a Nashville kailtosd Go pAuy
which ,ais is indebtedness TO tn state in
lH'''. $50 To = known 10 your CON IGittec. were
ID avOr .: the act of $50.
he act % lSil restricted payment to bonds
q; the same series ~ those issued TO the roau
OF ruads raSing. This being lncanvenientthc
iAiiroaie rSqaircd the further act OF 1870.
The Legislature of lSts-,O early In its scS-
son. luSiIJUted an investigation into the
SKIS connected with the issuance of the rouds