The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-03-04
rro..urer PolIt,s ExpInnatiou.

NASHVILLE, March 3.-The Legislative
subcommittee investigating the condition
OF the Treasury on Monday proposed to ex-
Treasurer Polk fourteen interrogatories TO
be answered under oath. The first ques-
ton was as to the disposition OF $4,000 In
United States bonds. The seventh inter-
rogatory was az to the amount OF Tennes-
see bank-notes and bonds with which
Folks attorneys proposed to make good
his liability TO the State, and whether 1t be-
loneed to him, or what proportion was
taken by him ~ collateral for money loan
ed. The fourteenth was as TO how he OBJ
tained credits with banks by which his
Treasury accounts are made to appear cor.
rect.
The other interrogatories relate TO the
disposition OF accumulated funds In the
Treasury Immediately prior to bis vacancy
OF the Office; II he at any time dealt In
notes, and IL so. what
became OF them; whether he specialized in
Memphis and Charleston stock, and who
were engaged with him in such specula-
tions; also, his relations with Victor New
combe, OF New York, and the nature OF his
transactions with him, etc.
Mr.. Polk, In his reply, does not answer
the disposition OF United States bonds OF
the manner OF obtaining credits with banks,
being advised not 10 answer by his coun-
sel, rs the questions involve matters now
in litigation in the Chancery Courts.
In answer to question It'll he says: In
the proposition made to state through my
attorneys by some relatives and friends,
understand they expected an account Of
/ ~, ott I. no t.f, all
curities to realize the last payment of S7j.-
900 i'm the new issue of the Bank OF Ten
ncssee, contemplated in said proposition.
With that exception ! had no interest
whatever in the bonds or the new issue
therein offered. / furnished none OF il,
nor was any Of il furnished or to be fur
nished by any one out OF any assets OF
means Of mine held by them to my know
ledge, and no part OF said money or said
bonds were ever taken or held by me, or
collected for me, or loaned by me-"
He says further that he had $500 when
he LEFT Nashville; that his kinsman, Van
Polk. had no money belonging to him
when he went to Mexico, and that he has
no property or money or securities held By
others IN trust for him; that he did deal in
the new-issue OF the Bank OF Tennessee.
and probably had at that time $4,000 OF
them invested; $4,000 in NINE in Mexico,
which is to be paid TO him out of the first
receipts OF the enterprise. Did deal
in Memphis and Charleston stock in
1SSl-'S2, and made considerable money,
but had no partners in the specu-
lation. Did not remember to have
at any time gone into stock sperula-
tons with Victor Newcombe; may have
invested in stock upon his advice, and
Newcombe may have given directions /;
does not remember to have had any private
transactions with him. Mr.. Polk further
claims that injustice his been done him in
the committees publication OF the experts
reports, and says there was not an inyesti-
CATION OF his Office from the time he took
charge down TO April, 1881, that was not
strictly correct and true. and a. to those
made after that date, as the suits referred
to above involve them, he shall not speak.
In conclusion, he said: Whatever
wrong has been been done in managing my
office | am the one responsible, and
cherish the hope that, sooner OK later, il
have wronged the State, i may be able to
repay il ALL"