The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1854-06-23


We regret to learn from the article copied
below, from the Knoxville Register, that
there is dilatoriness or want of disposition
on the part of portion of the Knox county
stockholders in this enterprise to pay up their
stock promptly. 1t is not only with regret
but surprise that we learn of their hardness,
as il is so manifestly the interest of all to
have the road completed at the earliest posi-
BILE hour. The obligation to pay is certain
ly as binding as that of any other contract
into which men can enter, and it is impossi-
BILE to perceive how its force can be avoided
with honor. Some of the Knox county
stockholders have paid in the whole amount
of their stock, while others have not paid a
single dollar. The course of the latter
is not only calculated to embarrass the CON-
pany in the much desired completion of
the line to Knoxville, but it is bad treatment
to the persons who subscribed at the same
time and who have paid, and who are thus in
jured by those who refuse to meet their OBJ
legations promptlpand who are justly charge
able with whatever delays have occurred, or
may hereafter occur in the prosecution of the
work. When the President of the Company
in his last annual report told the people tho
road would be completed to Knoxville by
the first of September ensuing, it was with
the proviso that the stock subscribed North
of the river be paid in promptly. Delays
and distractions have already occurred from
the hardness and want of promptness alluded
to, and if it is to continue there is no telling
at what time precisely the road will be COM
pleted 1t is much to be desired that those
who are in the category of delinquents will
give the subject their earliest attention, and
pay up, that the work may go on free from
the delays and embarrassments incident to a
failure to comply faithfully and fully with the
obligations they took upon themselves when
they subscribed for stock in the Road.
The following is the Registers article:
In conversation the other day with Maj.
Wallace, the President of the East Tennessee
and Georgia railroad, we learned that about
$4,000 have been spent in grading the road
between this place and Loudon. OF this
amount about $4,000 have been received
from stockholders in Knox and Roane coun-
ties. The remainder has been furnished by
the company. The energetic President of
the road has beer compelled to call into re-
QUESTION all his financial tact in order TO keep
the work progressing. This heavy drain up
on the resources of the company has result
ed from the stockholders in Knox county
falling to pay up their stock promptly; for to
the shame of the stockholders in this county
with few noble exceptons-the stock
holders in Roane have, rs we are informed,
met their calls promptly. Maj. Wallace in
forms us that if the stockholders in Knox
had paid up as promptly as those in Roane,
the company would not have been compelled
to resort to borrowing to keep the work Of
grading in operation.
We have recaptulated these facts for the
purpose ofcalling the attention of the stock
holders in Knox county, TO the necessity
of more promptness in the payment Of
their calls upon the stock. The completion
of the road has already been delayed very
much ny tiie t'ruinesS Oh tne stocknoluete III
this county. 1t was the intention of the
President and Chief Engineer to have had
the road fully completed and the cars run.
ming TO Knoxville on and after the lst Of
September: but that is now impossible. If
the stockholders will now pay up with any
degree of promptness, the road can still be
completed and the ears make trip to Knox
vile on the LIST Of January next. VIII The
Knor county stockholders suffer the compile
ton Of the road 10 be delayed longer than 10
that time2 The RESPONSIBILITY RESTS UPON
THEM.