On this day November 04, 1930

Henry Horton was re-elected to a third term as governor of Tennessee, USA. Immediately, Nashville residents began withdrawing money from Caldwell-affiliated banks en masse, because Horton and the Caldwell Bank had both been involved in a scandal involving awarding contracts without bids. The story of the scandal would inspire the song “The Wreck Of The Tennessee Gravy Train” by Uncle Dave Macon.
Source: This Day in Country

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