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# DEMOCRATIC MORALITY! Bank of East Tennessee!! We publish entire, the "Personal Explanation" of Mr. NELSON, as made upon the floor of Congress, and as reported in the Congressional Globe. It will be seen that Mr. Nelson was assaulted time and again, through the columns of a dirty and disreputable Disunion sheet, known as the Washington States and Union, published by that cowardly and low-flung scavenger John P. Heiss, and edited by such dirty scoundrels as he may be able to employ, from time to time. Certain cowardly villains had prompted repeated assaults upon Mr. Nelson, through his paper, which induced him to have them read upon the floor of Congress, after which he went on to denounce the authors, and those who prompted them, as liars and caluminators. This bold and defiant castigation, the editor met in a pitiful editorial, seeking to ridicule Mr. Nelson, and the relation he sustains to the Church. After this, Mr. Nelson can but treat the paper with scorn and contempt, while honorable men will feel, of all parties, that it is a degraded sheet, conducted by a coward and a PROFESSIONAL LIAR. As one of the editorials read by Mr. Nelson gives the picture of "Know Nothing Morality," and handles "Parson Brownlow and Parson Taylor" without gloves, and as these assaults have been prompted, in part, by WILLIAM MONTGOMERY CHURCHWELL, late a member of Congress from Knoxville, we will call up some few of the incidents in his rather eventful career, sending out paper to Congress, that the Southern Democracy, and the Black Republicans, may see what has been Democratic Morality, as acted out by Mr. Churchwell and his associates. 1. Mr. Churchwell purchased, in this city, the Charter of the Bank of East Tennessee—he selected a Democratic Board of Directors—he executed his notes to the President and Directors (himself being President) for about $300,000, giving his Father as security; and although the Directors knew they were both together not worth one-third of the amount, they gravely decided that the pieces of foolscap paper, upon which they were written, were equal to $300,000 in specie! 2. Upon this Democratic hard-money note of hand promise-to pay, Mr. Churchwell circulated between six and eight hundred thousand dollars of Bank issues—suspended payments—and left the old farmers, merchants, traders, laborers, and widows and orphans, holding his worthless promises to pay, to help themselves as best they could! 3. Mr. Churchwell conveyed his Bank and its assets, and his other property, to two Democratic Trustees, Thos. C. Lyon and J. G. M. Ramsey, whom he selected from his Board of Directors. These Trustees commenced buying up the issue of the Bank at 25 to 30 cents on the dollar, and one of them at least, purchase for his own use, of himself, some of the real estate of the Bank, paying for it in the issues of the rotten Bank! 4. No advice of friends, no threats from the law, and no application of steam power, or avalanche of indignant public opinion, ever did, or ever could, induce Churchwell or his Trustees to make any sort of satisfactory showing of the condition of their Bank. A writ was instituted against them in the Chancery Court of this city, in which there are Seventy-Five Thousand Dollars of their fraudulent issues filed, and these Trustees could not be induced to answer the Bill, until the counsel against them threatened to imprison them for contempt of Court. When they did answer, upon their oaths, if they swore Churchwell out of the scrape, to a considerable extent, but afterwards filed a supplement, and took back a part of what they had said in his favor. 5. These Trustees, driven by the law, to bring a slow suit against the Father of W M. Churchwell as indorser on these Stock notes, reluctantly done so; and the Father, upon his oath, in his bill, denied that he signed notes calling for such sums of money—alleged that he had signed blank notes with the understanding that they were to be filled up with smaller amounts—which, in morals at least, amounts to a charge of forgery against the son! 6. Churchwell and his Bank, after getting into law, filed a bill against A. R. Crozier, late Democratic Comptroller of Tennessee, who was the agent of the Bank to circulate its issues at Nashville, which he did to a large amount, and in this bill they charged Crozier with still being indebted to the Bank. Crozier filed his answer, and swore it back upon them. In one case or the other, a set of falsehoods were sworn to, and as the parties are all Democrats, they may decide to whom the "morality" attaches of swearing lies! 7. In order further to relieve Mr. Churchwell, the owner of this rotten Bank, he applied to Mr. Masson, one of his Clerks, to make a false entry of some two hundred thousand dollars, in his Bank Books, which Books had kindly been placed in his possession, by his accommodating Trustees. Masson, as an honest man, refused, and Churchwell, within the last twelve months, imported a scoundrel from Savannah, by the name of Ryan, who formerly done business in Churchwell's Bank, and was brought here by him, from New York. Ryan, a pliant