The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1850-04-26
EAST TENNESSEE AND GEORGIA
RAILROAD COMPANY.

RAILROAD COMPANY.
1t i, becoming very evident that msstatc
mens ard wrong Impressions are ganln!
currency in the public mind in East Ten
uesscc and elsewhere, witt, regard to lh'
true facts in relation to the RECESSION Of Tho
contract between the Company and Gen
| Dull Green. In order to correct thost
erroneous impressions we hive thought j
proper, occupying the position our paper
does at this point, TO make the luilOwD.
statement Of facts us they really exist. ",
have sought aud Obtained the proper infur.
nation. and, speaking from the book, con,
fine ourselves to u simple statement for til,
present.
= The Board of Directors, at their meeting
on the first Of this month, proposed such a
, mod !icaiion Of the contract with Genera
Green, as was in their judgment deem, d
Inst and proper, so as to enable the Compa
ny 10 cal for aud use the $500 ,UOO propos.
ed 10 be loaned iy the Slale to tie Cumpn
ny, for III" purchase Of iron and equipments
for the Mnd. That proposition was re-
jectcd by G II. Green, vino afterwards made
sunJry propositions to the Board, all Of
which were rejected, and HE Board odolacd
resolution appointing committee 10 IN
form Gen. Green that none Of his PROPOSE
hons could be acceptcd-nnd Nat the Board
hoped he nl!aht be able to execute the con-,
tract as II then stood.
Gen. Green then sent in communicate ion
asking The appointment Of n committee to
confer with him on the subject, and request.
ng that The Board continue its >ons I'm.
til an Arrangement could BE- made. On Tins
request committee was appointed. who
did confer with him, Gen. Green made
several other proposition. which were rcr
icc'cd, bn, finally prop '-cd the fplowin.:
81. Gen. Green agrees to surrender the
East Tennessee and Georgia Railroad, to-
geiber with lis fixtures. aad the ma leriaI-
prepared Tor il, on this day.
~. The Company agrees 70 pay the sad
Green tor all work done and materials far.
nished for the Road up To tins time on the
present bass Of estimates. and according
to the supplemental contract, dedur,in.
the amount now due To contractors for
work done and materials furnished for the
Road.
''3. The Company agrees to assume the
amount due TO contractors and engineers,
and relieve the SAID Green from the same
~. Both parties agree that the question
as to what the said Green is enillrd to and
shall receive. il any, for The surrender
aforesaid, and the REIMBURSEMENT of his
contract. be referred to the arbrrament and
award OF NJ. b. Prlchard aud Albert Miller
Lea, whose award is TO be final, and tina;
in case OF disagreement they shall have
power TO cal! III an umpire.
"DUFF GREEN.
"Icst:
IS. a. SMITH,
own. +. kElrI."
The Board unanimously accepted said
opposition, and an article Of agreement
was drawn up on The terms Of SAID rropo-
si,on. and properly executed By the Com
pany and said Green.
Tins we lrustwill suffice for the present.
We are entirely confident that the Com
pany intend 10 and are now acting in good
faith to carry out the article of agreement
entered into between the contracting par
ties, and il is certainly TO be regretted that
any reports should get in circulation cal
culated 10 result in uriously.
We may add. that the work on the Road
is still being prosecuted by the sub.con.
tractors, and will continue until completed,
unless something should occur Of which
we are not al present advised.
A word for ourself here. 1t is well
known to the public that our paper has, AT
all proper times, susia med Gen. Green in
his operations in behalf of the Road, and
that we have, AT the expense I'll old asso-
thrown oursell in opposition 10
those " no sought to embairass him IN the
execution of his contract. In doing so,
however, we were Influenced solely
by the desire 10 promote the completion o.
the enterprise. The same motives sui ac-
iua,e us, and we should be wanting in our
duty 10 the public which has generously
sustained our paper and approved our hum.
bic efforts, il we remained silent while re-
ports and rumo!s were in circulation cal.
culaled TO embarrass and relard the work.
Select Committee Of The Senate on lie
Slcrery Question. 1.-The Senate have elect
ed the following Senators 10 compose the
Select Committee which is charged with
the duty of devising some plan of settling
the various questions arising out of the
present agitation on the subject of slavery.
MIR. CLAY, of Nv Chairman.
Mr.. Case, OF Mich. Mr.. King. Of Ala.
Mr.. Dickinson, NY. Mr.. Mason. Of Va.
Mr.. Bright, Of la. Mr.. Downs, of La.
Mr.. Webster, Mass. Mr.. Mangum, \. {.
Mr.. Phelps, of VI. Mr.. Bell. of Tenn.
MIR. Cooper, Of Penn. MIR. Berrien, OF Ga.
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