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1S69-'T0.] Document No. 33. 14^
be dissolved and the suit dismissed upoii the terms that the
company would deliver to such parties one hundred and sixty-three
of the bonds, which thereupon should be issued by the
State Treasurer. I accepted the terius, believing that as a
business transaction, it would be better for the company to
submit to such terms rather than await the results of a further
decline of the bonds. On the next day Gen. Littlefield (as is
my impression) brought to me the papers in the cause, and
among them was an order therein, purporting to be signed by
Judge "Watts, and vacating the injunction theretofore issued.
These papers upon the same evening were exhibited to the
State Treasurer, and thereupon he delivered to me the seven-teen
hundred and sixty bonds. I delivered to Gen. Littleiield
the one hundred and sixty-three bonds required as above. It
it is my impression that I delivered all of these to him the
same night. It may be that only a part of them, say one hun-dred,
were then so delivered, and that the others were delivered
to him a few days afterwards in iSTew York citj". The coupons
due October 1st, 1869, were all cut off and delivered to the
State Treasurer before the bonds M-ere issued. By tlie six
o'clock train the next morning I carried the other bonds to
Cliarlotte, and a few days afterwards to New York, where they
were deposited v\^ith Henry Clews & Co. and Soutter & Co.
Ques. 2. Have any of the bonds not disposed of as above
been sold ^
Ans. Xot to my knowledge.
Ques. 3. Have tliey been used b}' hypothecation or other-wise
to raise money ; if so, when, by whom, to whom and
what sum or sums were raised in that way ?
Ans. About the 1st October last, all the Railroad Presi-dents
holding special tax bonds were in New York either in
person or by agent. I was there as agent of Mr. Johnston,
President of Atlantic, Tennessee and Ohio Company. After
consultation among them, it was agreed to employ the bank-ing
house of Henry Clews <k, Co. to advance the April and
October interest on the special tax bonds in order to protect
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| Title | Page 987 |
| Full Text |
1S69-'T0.] Document No. 33. 14^
be dissolved and the suit dismissed upoii the terms that the
company would deliver to such parties one hundred and sixty-three
of the bonds, which thereupon should be issued by the
State Treasurer. I accepted the terius, believing that as a
business transaction, it would be better for the company to
submit to such terms rather than await the results of a further
decline of the bonds. On the next day Gen. Littlefield (as is
my impression) brought to me the papers in the cause, and
among them was an order therein, purporting to be signed by
Judge "Watts, and vacating the injunction theretofore issued.
These papers upon the same evening were exhibited to the
State Treasurer, and thereupon he delivered to me the seven-teen
hundred and sixty bonds. I delivered to Gen. Littleiield
the one hundred and sixty-three bonds required as above. It
it is my impression that I delivered all of these to him the
same night. It may be that only a part of them, say one hun-dred,
were then so delivered, and that the others were delivered
to him a few days afterwards in iSTew York citj". The coupons
due October 1st, 1869, were all cut off and delivered to the
State Treasurer before the bonds M-ere issued. By tlie six
o'clock train the next morning I carried the other bonds to
Cliarlotte, and a few days afterwards to New York, where they
were deposited v\^ith Henry Clews & Co. and Soutter & Co.
Ques. 2. Have any of the bonds not disposed of as above
been sold ^
Ans. Xot to my knowledge.
Ques. 3. Have tliey been used b}' hypothecation or other-wise
to raise money ; if so, when, by whom, to whom and
what sum or sums were raised in that way ?
Ans. About the 1st October last, all the Railroad Presi-dents
holding special tax bonds were in New York either in
person or by agent. I was there as agent of Mr. Johnston,
President of Atlantic, Tennessee and Ohio Company. After
consultation among them, it was agreed to employ the bank-ing
house of Henry Clews |
