Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
Ex-Governor Bullock’s Democratic successor, soon after he was elected to
that position, appointed as Attorney and Agent for the State of Georgia,
one of the State’s ablest lawyers, a gentleman distinguished as having
been a member of the Confederate Congress, to investigate all the
business transactions between Henry Clews & Co. and the State of
Georgia. Under his signature as Attorney and Agent for the State, he
makes the following statement: “I would say, with a great deal of
pleasure, that after a very thorough and complete examination of the
books of account, papers and correspondence of Messrs. Clews & Co., so
far as they relate to transactions of that house with the State of
Georgia during Governor Bullock’s administration, I am satisfied that in
all the dealings of that firm with the State of Georgia, they have acted
with both fairness and liberality, and I am convinced that in all these
matters Mr. Clews did nothing that would not bear the closest scrutiny,
and he did nothing, in my opinion, to affect his character for integrity
and fair dealing. I make this statement with the more pleasure because I
began this examination of accounts of Clews & Co. under impressions very
unfavorable to Mr. Clews.”
* * * * *
The opinion of ex-Governor Brown, now our able senior United States
Senator, was asked by thirty-five members of the Legislature of 1873. In
the course of a comprehensive and exhaustive argument, the distinguished
Senator says: “The State will be driven to abandon this position
(legislative repudiation) and to permit a case to be made by her
creditors to test the validity of these bonds in the courts of the
country, or she must stand dishonored in the estimation of all good men,
and her credit must sink to a ruinous depth.”
* * * * *
Public-domain text, read in full here on John Shaqi.
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