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V

 leans. Natchez. Louisville. and Cincinnati, from the funds already realized and from those to be received, will very shortly draw on New York and Philadelphia"

 The above Is a history ol the sale o' tae bonds, five huadTed of them to hoodoufy' aadone thousand oi them 10 Mir Beers M oW, Doctor. walk upsto the bar, ii you please, and. in answer to my publication, tell ne and the public. hoe a hqpFeag, that in the month of November. 1858, durlag the altnng oi our lec;siature. when you were a member oi that body. and also. at tagi sefg fiilc, a member of the 5aaa committee, how happens it, that at fasf figse, and oa thai occasion, when full hiaorg of {hass bond negotiations was laid before goit, whose duty Il was to project the interests of your constituents, how happens 1t that you did not then rlse Ill vour place, and denouaee the whole tsana- action, as n r;otatioa of hls iaslracttoas q He Central Board, tad fdicl to the interest ts of tae whole community wait impatiently for your reply. and hope there will be no backward sp.ing or backward autumn, 10 prevent you from answering the above al an carly day. In examining the Journals oi 1858, find, at page 242, that on noion ol Mr. Fowler, l60 copies eI the repcrtei Mf. Davies were ordered to he printed for the use of the members of the House of Represent- asives, and among whop were Dr. Gibs9a, irom Pulaski. and AIr. Gaines, from Chicot find also, in the Journal of the same legis- la;ure, at page TO, that there was appointed a committee on banks, and that among the gentlemen who composed it, Mir. Gibson was one.

 Secondly, Ii Is shown, !. that they (Seyier and Williamson received for them the five hundred bonds1 par value of five hundred thousand dollars, in go}d or its equivalent How is this aseertained' t IS not shown by the report of Davies, nor by the geaile- mans witnesses. To show the ki1ld of mo- nev we received, and the dnount 'ce receiced for the bonds ill question, must ask of you the favor, as Ipresume you keepa file oi the Gazette, to find the sfateMeRt enanatng from the Treasury Department, published in that paper, at my request about the latter Iat of February or March last That statement. which is an oficiui docue,em from the Trea- sury Department will show that the gold, which the gentlemen have so carefully italic izetl, was never received, and that the Socre- tary did not quite girc par for them. These, however, are small mistakes, and, if they stood alon wot.lsl hardly be worth coyreei- ing That afier receiving t in the above description of funds, they converted it into southern and western bank paper, at an ave rage discount of B per eentum, when such funds were frem two to twelve and one-half per centum under par i'll the city of Now York; In the month of November, 1858, my colleague fled a table of southern and western funds we hal purchased, which was frola ono to two months after the investments were made, showing the whole transaction; l; and there they laid, subject to every stock holders Inspection, from that day to the pre- sent. The commitea have printed these ta- bles, and they are to be found on pages s8 and S9 of tiies Appendix to the Journals of our last legislature. They will now, as they Z did then, speak for themselves. Now, sir, | was struck with this deliberate ca!umny, when first heard of Ii, and really supposed some willing witness had been before the eommit- tee, and had sworn enough to justify them in penniDg tliat-iibel. And l was curious to know who he was, and what he had sworn and for that purpose. l examined very eare- fully for the evidence, and having found it. will give il to you find the committee had two witnesses before them-T " Newton, tic Cashier, (upoa whose testimony shall have occasion to make short comment hereafter and Peter Hanger. Newton swears nothing about the value oi southern and west ern paper in New York in 1888. but Hanger does. His deposition IS to be found at page 94 in the Appendix The second iaterroea- tory put to Mr. Hanger by the committee, is :: Twill you stale to the committee what was the current rate of discount about that lime, tin October, lS3S,( upon southern and west era paper in the city of New York D The answer is :. went with Thomas B. Lee. who was purchasing bank notes for T. T. Williamson, among the brokers on Wall-st, on several occasions, and, as well as reeol- leci, the discount was from eight to fifteen per centum. do not recollect that saw any bank Eo.es purchased by Lee during that time.o

 Interrogatory 6. .ssDid you mean to say, when you speak of Western and Southern funds, that Cincinnati and Louisville funds were Ut from eight to fifteen per cen;um dis count, and do you not recollect whether or not the Southern and Western Banks were

 

 York, with r. T. Williamson; and please say to the Committee whether you under stood from T. Y. Williamson and A. II. segier, what tlseir ohest sss as ii converting the esessit they, as Cenliniss toners of the Real Estate Danh, had in the North Aineri- can Trust and Banking Company, into South .crn and Western funds-wheiher the same Was donc as they believed at the time 10 ia cIliiate the transmission of the funds of the Reai Estate Bank, or for ;heir own pecunia- " benefit 2"

 Answer to the above. sI mean when I speak of Southern paper, only Mississippi. As wei as recellect, none of the Mississlp- pi Banks were then paying specie, but were expected to resume specie payment on the first of January, 1859. The Western Banks ] think were then paying specie. I heard Williamson say he was instructed by the Bank to invest portion of the proceeds ol the sales of the Bonds in Mississippi Bank .t<afoc tf.xxx-