Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-09-28

In replying the special notice Gov Helm has taken Of
his publication in the city papers, think it right to give shor
history Of second connection with the Louisville and Naht
/ Vile Railroad.
While Washington City in the fall Of 1885, Informed
BY Gov Helm that had been elected Director in the road he
urging acceptance was also informed OF the fact by
two OF the other Directors with ntmsons it expected that
would take the presidency.
On arrival at home March, 1857 solicited by the
Governor and others accept the and two OF the
Decrs wished become President said the Governor
with me ne stated the thing but also said he wished to
tain the Presidency and finish the read told him that did
not want the Presidency and said to the Directors hatI would
not scct as Director was insisted should take the PTes
dency The Governor and myself had O7g been friends and
determined not to interfere with his wishes The Directors ut
maey came 70 my views upon my agreeing % ACCEPT aEd Pc
come Vice President with authority to act in the absence Of the
President agreed and give assistance in making
the road had made fortune in Louisville and felt
that owed that much service the city.
The first few months my time was mostly taken up with ac
qusinng myself with The emstes and verifying their RELIABLE
W by final estimates the sections and work na had been
necessary complete the provided could command
the came to tae conclusion the branch to Lebanon
river and from Nashville to GaIlatin during 1885, and
through connection made 1859 by leaving the tunnel
bridging baastng &e for after work, and would take that
much time should there be delay account Of funds There
heavy beyond Green river net under and
that under contract that obtained the
should not be delayed by it. The Lebanon branch
The COMPANY had about in Louisville city bondS and
perhaps much in county bonds bat neither could be sold
the would suspended At the
stance OF the Board went New York. about the LIST OF July
with portion Of the city bonds but after assduous for
weeks failed returned to tell Directors citizens
that if they wanted the road they must ind purchasers for the
Kentucky Encouraged by opinion many the
citizens effort by personal application, four
hundred thousand dollars Of city bonds sold and part received in
cash and the negotiable notes Of the purchaser The sale
OF these bonds enabled the Company keep the work from
tire in the fall Of 1857 but the sale had been de-
ayd month"; could nothave been fed owing the bank
suspension York. the panic in tbs West and the
general commercial embarassmen that followed Up to this
time the Office business mostly done by Gov Helm, and
tcury the Of estimates to contractors He taken
SICK in the winter Of ISIS a Nashville whilst attending the
Legislature Of Tennessee the business OF the Company and
after that Of the office business and payments to contractors
tract made for rOn payable in Louisville city bonds and
for the Nashville end purchased with Tennessee State aid
bonds which aid the Company had accepted and the road
completed during the to Green river and from Nashville to
Galatn.
spring 1858 600 Of
the bonds company mortgage the main line
they Of July Of that year.
90 New York Of tem and spent the month Of
November in that city without ehecng SALE and again return
The depression Of railroad securities combined with
Instance to Southern securities made las impossible
Whilst in New York had Mr. Barrett Of Henderson,
Ky and made him acquainted with the object OF my mission
the monied New York; made jealous
Efforts induce them purchase and informed them and ne he
the price Offering them in New York. this fact
Gsy Helm and the board, end return Gov Helm
sent to Henderson, and Mr. Barrett took
-ach would One hundred bonds sold
the Bank Of Louisville in Of borrowed and
other sales made in Kentucky and the work pressed In the
spring 1885, finding the grade in order
the 1852 the balance Of the grading let,
and finding would require from $0VOO to SJOOO more
than the Company could command from any OF its
press the grade 20 as to make the connection in @
The fact sta ed to the Directors and Mess Qugy New
comb Wilder requested have the work pressed and OBJ
pressed and the obtained, without which would
have been impossible have made the through connection in
nor in the winter Of 1852
seldom in the Office in Louisville and when he well
his attention mostly the business Of the COMMITTEES
Early in the Of 1852 opponent OF Gov Helm,
noticing the Green river bridge eontrad the progress OF the
unfavOraby h. contrast should
have taken notice OF the article and surprised to hear
that he complained that had refsd it, and that he aud his
friends making points against me- and Charging with the
iesire to supplant him.
wish connect myself permanently with the management OF
road, unpleasant things had occurred deter
suspicious jealous minded but, the
lime, possible to have the through connection with Nashville
stances delayedi another month.
short tms meeting Of the stOkhOdsrsI told Gov
Helm Of determination TO decline election and II he had
yveo opportunity would have told him the reason
At the meeting OF the in October 1902 request
ID them to elect had determined to decline. They
elected and declined accept asking the Board to fill the
was after this the residue of the Directors refused elect
Governor President but subsequently elected him
ngemsnt he should resign when the
made was no party to this arrangement nor to election
in fact confined at home with the neuralgia in face
by Messrs Qugley Newcomb. and Wilder that
they had stood by me and involved liabilities
the road should return and stand by them until the matter
settled, and they relieved, and that plea agreed
the Board and continue act Vice President and
AVE inued since.
Some time after this Governor asked me wanted the
Presidency told him with feeling that he ought to know
did not mentioned what occurred when came into the
spring 1857 and told him that after found
he and his friends making points against and csrg
with making efforts to suppsnt him in the Presidency
hat had determined not to remain in the Board after the road
through and satisfied with his interior
ne in conhded to without first consulting with
Governor said that he had been In supposng
Presidency would do justice that point and
other spoke about the ccum
Under which he agreed resign and from what he said
Inferred he did intend TO do said him that
ary that agreement and he must with those with
hom he made it. After the Directors proposed to withdraw and
the Governor Board to take charge Of the road
making his list he met and asked went
ut with the ohers7 replied Certainly" and he said he
Understood supposed He then that had declined
election October willing TO With
and he that intended out with the Others in
february ought not have felt supried that Joined
he others the publication Of the 29d instant.
through connection made with Nashville, in closing
nth contractors bills payable largely increased The
Of monetary affairs such to restrict the sale Of
bonds Of Directors increased in meeting
syments those incurred for the Memphis branch, 1t
impossible with the earnings Of the rosd and the sale CT
relieve them II wish and intention to have
making what ought to be- and prOvidngfOr
IS future been possible. should have withdrawn
oud sold and the liabilities Of the Drec
or discharged bound stand BY them until this
as accomplished dismissed by the stockholders
JAS GUTHRIE.