ALS. Discusses interest arrangements with the Bank of Commerce. As part of the deal, Brownlow must wire Mr. Brennan, Mr. Calloway, and Mr. Mabry instructing them to pay their interest into the Bank of Commerce. Also advises that Blackburn be written to not pay any interest until final arrangements can be made to pay the whole of the interest. Railroad presidents should be accommodating because they fear Brownlow will believe the press reports against them. Says that that there has been a foul conspiracy to break down the credit of the state... Discusses law suit of David F. Fanshay (?), whom Judge John Hugh Smith thinks is a Frenchman resident in Nashville. Speculated on whether the 4th National has been false to the State. Discusses further the Commerce Bank to which he had been introduced by a Mr. Duer, a correspondent of the Barings in London. Asks that this letter be confidential. Discusses further the arrangements in regard to the law suit and offers advice to Brownlow. Says going to Washington to get the cooperation of some Congressmen in carrying out some part of my proposed arrangements with the Bank of Commerce.