Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-01-15

Hk-AtA Nltu = iulA ~ t~ftlAtAliut ~
Memphis scd Charleston railroad
stock, BY which be was a loser, but to
wha, amount the committee is unable
to ascertain.
1t also appears that hO was engaged
in speculatipg 10 Tennessee bonds, and
lost thsreby, but TO what amount the
committee cannot ascertain.
1t also appears he purchased a one
fourth INTEREST," in iron works in North
Alabama, with Thos. 0'CoKner, aud
which was paid for cut Of the treasury,
amounting to $4,000 or $4,000. Z
Ii also appears that he purchased in
connection with d. BCOoper and Van
Leer Polk a silver mine 10 Mexico,
for which he has paid out Of the State
treasury between $4,000 sud $4,000.
This prcperty,t they are OF the opinion,
can be subjected by the State to the
payment Of the money invested IN 1t
By NJ, I. Polk, and the Attorney
General should be instructed to x
anime as to the same and, in his opin-
ion it would be proper, to take the
necessary legal steps to secure the
States interest therein.
talso appears that NJ. I. Polk en-
sised.il tie walnut lumber business
IN North Carolina in connection with
D. B Cooper, in which NJ. I. Polk
furnished all the money that was H.
" sted in the business out oil the State
treasury. ,
ItaIso appears that NJ t Polk loaned
out to various parties large amounts
If money, the various evidences o.
heir Indebtedness being now in the
hands of John W. Childress, ESQ , al
attorney in Nashville, a statement Of
which has been furnished by Mr. Chill
iress aud is herewith filed; These
,lalms hire been attachedby lheAttor'
aey General, b. j. Lea, for the benefit
81 the Ssate.hy bills Ia Chancery Couri
at Nashville, Tenn.
1t also appears that NJ, 1. Polk IN,
vested $4,000 with d. B. Cooper aud
,thers 10 the tffort Of the said Cooper
20 purchase the Daily American, o
| Nashville. Tenn. Whether this wa
paid out of the treasury Oh not th'
Committee cannot learn. hgt suppOs'
it was.
On the 9th Of December, 1SS2
NJ. 7. Polk drew $4,000 out Of th'
various banks in Tennessee, aud ha'
the same sent here to Nashville.
He also received $500 8 AZ from
the Louisville and Nashville Railroa'
Company as its taxes,
He also received several other larg
amounts out of these collections
There was deposited in the First Ma
tIonal Bank and Merchants Nations
Bank, OF Nashville, on January 2 an
), 1888, about $4,000, and the balanc
was taken out of the safe in tn
Treasurer's Office by NJ. I. Polk, an
taken away by him. NJ. I. Polk, 70
several days prior to his leaving Nash
vile, went to this safe daily and toe
out the money therefrOm and apprO
priated it to his own use. This cor
tiuued up to the last day be remaineC
The exact amouHt SO taken out b
him, your committee cannot ascertain
but it is included in his deicienc
shown above.
On Tuesday, January 2, he too
out, in one package, $1,000. Abou
the same time he took out New Yor
exchange for $4,000.
On the LIST day of January he too
out $500, which he used to pay
note he had at the Merchants Nj
tional Bank.
He also took out other sums
money daily. but the amount yol
committee cannot learn.
4 On the 10Th u April, 1882, NJ.
: Polk made a statement Of his secoll
to the Legislature then in session. ]
order to balance his books at that tin
NJ. 7. Polk had an entry made en- b
ledger, charging the First Nation
Bank, Of Nashville, with $4,000 to b
credit as Treasurer. Upon examin
ton of this banks book, no SUE
credit was found in NJ. I. Folks a
count and no such deposit had be,
made by Mr.. Polk, and this entry "
falsely made for thepurpose Of decei
ing the Legislature. There was al
| charged up at the same time. to q
Merchants National Bank, Of Mas
o vile, 81, $50. This credit also a
D pears on Folks account as Treasure
on the books ofsaid bank. This "
a false credit, not one dollar havi
been, in fact, deposited with So
2 bank to represent such credit, and "
\ made for the purpose Of deeciving t
Legislature. 1t was managed in t
following manner, as it is claimed
the President Of the bank: NJ.
Polk gave him two checks on t
z Union and Planters Bank, Of Memph
! one on the Mechanics Bank, at KnO
vile, and one on a bank at Chat
nooga, the four checks amounting
$57, $40, and he gave Polk credit
the same, but did not send the chez
forward for collection, but held tie
at Mr.. Folks request, for some tin
y and then, on the Oh day Of May. y
~ Polk came to the bank and took ba
% the checks, and rave the bank che
on itself for $57 5 to balance
n account.
The committee are Of the opini
a that this was not a bona fde traI
q action on the part Of this bank, /
. that it was done for the purpose
Il aiding Mr.. Polk to make his sett
70 m9nt with the Legislature. I
/, check, to balance the account, v
drawn by Polk, as Treasurer, payal
to him, individually, and was
countersigned by the Comptroll
is and hence is not in accordance W
the law.
NJ There was also a credit Of $780, 79
,e with the Nashville Savings Bank
"a tered on Folks ledger, and also
n. the banks book which was a IA
entry, and for which no money
in deposited to represent and was ms
similarly to the one in the Merchar
al National Bank, and for the purpose
Of deceiving the Legislature and eni
ling Polk to pass its settlement.
n. similar entry was made in the accol
be Of the Mechanics Bank Of Knoxvi
'aI by which a false credit Of $4,000
AZ peers; also a similar arrangement '
made with the Frat National Banl