Daily Nashville patriot. [volume] (Nashville, Tenn.) 1857-1858, 1857-02-23
The Louisville and Nashville RAILROAD

The Louisville ana nashville railroad
We are gratfied to observe from tine to
time the removal of distractions to the pro-
gress of this great work. For several days
past we have heard it rumOred that our esti
mable fellow citizen, Mr.. Hutchings had, dur
ing his recent visit to Europe, effected an ar
rangement by which the Louisville and Nash
vile Railroad Company has been relieved of
some embarrassment and its prospects greatly
improved. We have been informed that the
following facts are the foundation of the
Tumor
Ia 1853 the company executed first mort
gage on the road To secure the pay ment Of
certain bonds In this mortgage Honora bic
James Guthrie and Mr.. James Lizard, of the
London County Bank, were made trustees.
The bonds were issued and placed under the
control of L. L. Robinson, then the chief en-
gineer of the road, by whom they were taken
TO London for negotiation. A part of this is
sue of bonds WAS deposited in the London
County Bank, and part placed in the custO-
dy of Mr.. Anthony, of the firm Of Anthony,
DOrr IL Co., of London, with whom Mr.. Rob-
inson professed To have effected a negotiation.
After the retirement of Mr.. Shreve from
the presidency of the company, the board of
directors determined to cancel their mortgage
and the bonds issued under it, aud to place
upon the market a different class OF bonds,
secured by another mortgage. The bonds
Just issued were ordered TO he returned. The
tirst box that arrived were accompanied by
the statement of a Dotary as to numbers and
amount OF the contents. lt was ascer-
tanned that these were net all, that Mr.. An
thony had the custody of another lot, and that
they would be forwarded. The second box
came, and was not opened till it was directed
by Mr. Guthrie to be opened in the presence
OF Mr.. V. Mcknight, and of Mayor Barbee,
who were selected by the board of directors.
The two boxes were opened IN their presence,
and il was found that some 80 or 40 Of the
! bonds, Of G200 each were missing. The facts
were stated. A deed of release was forwarded
| to Mr.. Guthrie, who signed and acknowledged
the deed, and forwarded it February, 1856,
with statement of the facts, to Mr.. Lizard,
in London. 1t was supposed to be an acoi-
! dental omission on the part of Mr.. Anthony,
! and Mr.. Lizard was asked TO obtain the pos
session OF them and cancel them, as all the
others that had been received had been
burned ia the presence of Messrs. Mcknight
and Barbee. Mr.. Lizards connection with the
Bank had ceased, and be did not receive the
communication. Information was received
that induced a suppostion that al improper
use was about TO be made Of some otthe miss.
ing bonds, and arrangements we're at once
made by tie President of the Company to
obtain the services of Mr.. Hutchings, then in
Europe, to ferret out this transaction and 10
procure the lease of the mortgage and get
possession of the missing bonds Mr., ii. has
conducted this commission with admirable
tact and fidelity lie has procured the re-
lease and brought home with him the retained
bonds, which had teen cancelled, and the
company is thus entirely relieved from all em-
barrassnent in this resfiect.-LoN. Jour.