The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1883-01-18

one fourth interest In the iron works
in North Alabama, with Thomas
OConneF, and which was paid for
out of the Treasury, amounting to
$4,000 or SIC, 900.
II also appears that he purchased,
in connection with ID. B. Cooper and
VanLeer Polk, a silver mine in Mex
leo, for which he has paid out OF the
State Treasury between $4,000 and
$4,000. This property, they are Of
opinion, can be subjected by the
State t. the payment Of the money
invested in it by NJ. I. Polk, an 1
the Attorney General should be in
structed 10 examine as to same, and
if, in his opinion, it would be roper
to take the necessary legal steps to Sc
cure the States interest therein.
1t also appears that II. 7, Polk en-
gagged in the walnut lumber business
~ North Carolina in connection
with ID B. Cooper, ia which M. 4.
Polk furnished all the money that
was in vested ia the business out Of
the State Treasury.
1t also appears that 81. T. Polk
loaned out to various parties large
amounts Of money, the various parties
evidences cf their Indebtedness being
now inths hands Of John w. Chill
dress, Esq. an attorney III Nashville.
statement Of which has been fur
nished by Mr.. Childress and Is here
witt. filed. These claims nave been
attached by the Attorney General, b.
J. Lea, for the benefit Of the State by
hill in Chancery Court at Nashville,
Tenn.
Il also appears that NJ. T. Polk
invested $1,000 with d. B. Cooper
and others in the efforts of The said
Cooper to purchase the Daily Amer
lean Of Nashville, Tenn. Whether
this was paid out cf the Treasury OF
not the committee cannot learn, but
suppose it Was,
On the 9th Of December, 1882,
NJ. +. Polk drew $4,000 out OF the
various banks in Tennessee, and had
the same sent here to Nashville.
He also received $50, 666.47 from
the Louisville q Nashville railroad
company as taxes.
He also received several other
large amounts. Ont of these cOllee-
tions there was deposited in the First
National Bank and Mechanics Ma
tional Bank, Of Nashville, Oh Jan. ?
and ), 1888, about $40, 900, and the
balance was taken out uf the safe in
the lreasurer's Office by NJ. t. Polk,
| and taken away by him. III. t.
Polk, for several days prior to leaving
Nashville, wenL to this safe daily aud
took out the money herelrom, and
appropriated it to his own use. This
continued up TO the last day he re-
manned. The exact amount 50 raken
ogt by him your committee cannot
ascertaIn; out il is included IN his
deficiency shown above.
On Tuesday, Jan ,, he took out
in one package 81, 600. About the
{ same time he took out New York
exchange tor SI2, 900.
On the Art day If January he took
out 3,1UQ. which he used Ia pay a
note lie had ~ the Merchants Ma
4 tional Bank.
I He also took oHt other sums of
/ money daily, but the amount your
committee CunIEot lpaFn.
On the 18th of April, 1882, NJ, T.
Polk made statement of ms account
To the Legislature then in session:
] In orr or t. balance his books at tina,
time, NJ. T, Polk had an entry made
,p his ledger charging the First Ma
.ziu al Btnk of Nashville with 500,
600 10 his credit AS Treasurer. Upon
examination Of this banks books Est
such credit WIS found Ia NJ. i. Polk's
account, and no such deposit had been
made by Mr.. Polk, and this entry
was falsely made for tho purpose Of
dsceiving the Legislature. There
VAS a Iso charged up at the same time
ia the Merchants National Bank nt
of nashville $57 $50. This credi:
= go appears on Felix's account as
Treasurer oR IIse books Of said bank
Thts wue a false credit, not one dol
lar having been, in fact, deposited
with said bank to represent such Gre
dit, and was made tor the purI Csc
of dcceivinS the Legislature. 1t vas
managed in the following manner,
as il is claIHted by the President Of
the bank: NJ. T Polk gave him tw"
checks on the Union snd PLANTERS
Bank. of Memphis, one on the Nee
hanics' Bauk at Knoxville, and ono
on a bank at Chattanooga. the fo'I
checks amountin., to $50 $50, and he
gave Polk credit for the same but did
not send the checks forward for 20 =
tion, hut held lhem at Mr.. Folks re
quest for some time; and then on III
9th of May Mr.. Z ELK came to the
bank and toeIl back the csecks aad
gave the bank a check on its'lf for
S57, $50. to balance the account.
The committee are OF the opinion
ahsk ltbEss g2RB nct n bona fde transac-
I rion on the part Of thus bank, but
that it Was done for the purpose of
aiding Mr. Polk to- make his settle
ment with the Legislature, The
check to balance the nccoUm MAS
drawn 10y Polk, as Treasurer, payable
to him iudiYisAalle, and was not
countcrsigned by she Comptroller,
and hence is not in accordance with
the law.
/ There was also credit of 93S ,9s-9
~ with the Nashville Savings Bank
entered On Folks ledger, and also
on the banks books. which was Il
false entry and for which no mouey
was deposited TO represent, and Was
made Similarly to the one in ll4e
Merchants National Bank and FOR
the purpose of deserving the Legis-
lAture aud enabling Polk to pass his
setIlcrlent. A similar entry Eas
imade in the account OF the Mechanics
/ 1 IL. l. I. l.