Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-03-08
ThETORRETTIsSuE


| THE AMOUNT OUTSTANDING, AND WHAT HAS
BEEN DONE WITH THE REMAINDER.
NASHVILLE, March THE following re-
port was submitted TO the Senate on Wednes-
| day, showing the outstanding amount of
Torbett issue and what was done with the
remsinder.
The Report.
| To the Honorable Senate of the General Assembly
OF Tennessee:
The committee 10 which was referred the
Investigation of all facts necessary for the infor-
nation of the General Assembly as to the new or
| ToTbett issue Of the Bank of Tennessee, and the
| assets of the bank beg leave to report that we
have Investigated the matter as thoroughly the
| time allotted to us would permit and the means
| OF information at our command, and with our re-
port herewith file certain exhibits, which make
| as part of this repsrt.
We caused Robert Ewing, former clerk and mas
ter of the ChanCery Court at Nashville, and also
receiver OF the assets of the Bank of Tennessee to
come before US and propounded the following
| questions to him:
Question 1-Giye the amount OF new issue fled,
by whom and date of fling.
Answer-I file paper marked schedule "a, -
which shows the total amount of new issue notes
filed with the receiver of the Bank of Tennessee
to be the SUN of SSlS,0l5 10. The schedule also
| shows by whom the notes were fled.
Question 2-Gtve series, letter aud number of
the bills and by WI ON signed.
Auswer-The worn cos dition of the bills filed
renders it impossible to give the series numbers
and letters, and for the reason in few in
stances the name of the officer of the bank sigu-
Question: S-state whether there is anv record
showing that the bills were passed upon by any
one when filed as to their validity. II SO, by
Answer-There is no record showing that as the
| bills were filed they were critically passed upon
as to their genumeness. As the notes were fled
they in the presence OF the party fling taiter
examiRatior) sealed up, and those very notes arc
now in my possession If il is thought there are
any counterfeit issues, these notes can be re-
examined with that view by some one competent
to judge. had been told, however, by parties
who are best iHformed, that were no counter
felt issues of the bank.
QUESTION 4-Give whole amount of new issue
ever issued and put In circulation.
Apswer-H the date of issuance is to control in
distinguishing between the old and new issue of
the bank (and know OF no other guidel. and
are to designate those notes in and after May.
1861. as the issue OF the bank, then I say, that
from examination of the books of the bsnk it
in circulation was 81 s7s 6s. See schedule B y
Question 5-Give full report as TO the assets of
the Bank of Tennessee, In what they consist and
Answer-The time allotted me to answer these
questions will not enable me to give full answer
10 this question STATE, however, that the assets
of the bank now in the hands of the receiver con-
kist Of state of IenneSsee bonds, notes given for
purchsse OF properly oeiohg,hg 70 me BANK, cal
judgments and DEGREES against various debtors.
hese assets estimate to be worth S20o,e0o: In
addition. the bank has TWICE been adjud2ed the
owner OF the fifty United states bonds with the
accumulated interest thereon, lately in the hz nds
of the late state treasurer Under the special in
| structiong OF the Chancery Court / memoraIized
the Legislature which met at Nashville in 1873,
| asking the delivery of those bonds to me re-
eeiyer, but could get favorable action thereon.
These bonds were never delivered TO nae my
successor, 7. W. Wrenne.
Question 6-Gtye full description of the
| bonds aud coupons of the State of Tennessee
| held by the Bank of Tennessee.
tAnswer-Sehedule gives full description oi
| the Tennessee bonds and coupons held by the re-
| ceiver of the banE.
Question 7-Give the amount of new or Tor
bett issue now outstanding.
Answer-Schedule answers this question. /.
will be seen from the exhibits to Ewingis state
ment that il is estimated that the OF 81 2i9 Se
| new issue OF the Bank of Tennessee is still out
standing and that sSlS OILS 70 of sal issue has been
filed ia said ChaDcery Court under DEGREES of said
| Court The red star shows those who have with
/ drawn their money sinee fling the same IL will
be further that the assets OF the bank consists
of capital bonds Of Tennessee, So 600; internal i'm
provemelt bonds of Tennessee. S00 600; ca Il loans
S4I 259 So notes for sale of properly $40 Si7; judg
| mems and DEGREES, S2S so; Hawkins counTy
1 bonds-loIS unsold estimated worth 81, 200; new
issue in hands OF receiver SS795 6S, making In all
an estimated value of s122 500 69, not including
| Tennessee state bonds, and new issue held by the
| receiver, Robert Ewiug.
We fad that no careful examination has beer
made of said issne 10 ascertain whether thert
| was any counterfeit. We also herewith nie re
| port of Nathaniel Baxter, jr., and Samuel Watson
| trustee, made 10 the ChaReery Court at Nashville
as TO the destruction of the plates of the Bank o