Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-09-25
70 a. ooassa.r. efaa. Louisville and E.a'ls Railroad

As the Hon. Joha publicly announced himself for
sroS add his election retirement Of the under
signed, Louisville member Of the BosFo OF D's'S' nm P
They willing win him Pss,sD, last = year a.
Which governed them but ssT sp force
with others Of grave magnitude ,,,r -..DonstsB
AZ tina. time they stated to- s "a aSreed 70 incur for
Memphis braDck they would retire Il the 1esEhOo s
Ss1 Board q Dcors but thai Board
yinS ov tbe they for that purpose
Coy Helm s..srts :. ne st e not wiling to involve
liabilities the required extent and We~ from
rh Io9ils Dsstey maintained the &c, credit M.n he
bInchcOnpistsd IN oPeTsI1 s s s
1ostsbIe bpnes ey Vr induced continue as Directors
and assume additional ~ s tT and
Tsy had moi sa and nteTs;ts in the Ioa9
Louisville Iney 60 20. ;rsst and protect credit Of hs
and their credit IS connec q, ne dismissed sS
incompetent or unfsiibfu trust which has been
nisevaent chat uhen Helm resigned the PresdenSy
IsrusIy T. was with fHea me Lousve
The Board the coming October election. Az ts emnov.es Of
the COMPANY and his repy DECLARED f1sT com
ndence : success, that every one OF 'oe Lou ~
ben miItAssd and nAgnised and a. d ncSpasy are f
charges msaanageDent misconduct soo IN FssS ~ AZ
qusn made out Of the Pres, anS
coming from subordinate employees oS S.T aiso been charged
With design oSSo uspssnS the throw into me hands
OcEhOdsrI that vim . i f the
directors pur held largely OF ue -
company. This charge altogether untrue anu
The directors purchased but hOse sold meet urgent
Ssnsnd. for money 70 pay The SsS a not make
and none tsless price than that at when 'HS '
ne tog .a Directors now hold tlAn two hundred
thousand dollars the securities Of me b1t 70 po
were Dot pare9 ior Of the road They find
moe sne NE t % n the purchase and rails
ing money for The prosecution q the ~0fA' 'l1
Il sses Rs for some Helm conceive
by Directory without the vile intention Of cur st1s
road iSr Se OWE oeDsn ~ 9sd resolutions
sb.hng sinking fund out the ear & q the Company in
Of thirty AID Pu6lhed the SANE Of he
stocfhoids and stated that they wuld be laid before them a.
the October meeting thus proposing ns Sp maturity and pre-
' I n G 81 these resolutions attack Of those
wishing Of louisville Members Of the BP b 4
tory Charged with de.gn depreciste the stock ana &
to re FIRST mentioned but equally untrue
equally malignant aud equally sanSe1ogs , e has purchased
or holds any Of the stock Company except that pS or
. a0 holds mere 6g ssast q and Than
These charges extensively ercqates whilst the
directors we're engaged u NE Ss and increased
iBgs and making the stock more valuable NO placed
The estimates published in connection %'!I sn
proposed sinking und only given as estimates; G III
stoekholder could Judge o. @ ~ IN rosd proved
much the better fo stockholders; but in no event eouo "
1tS Tre against the management Of the road is the
hsD ,s1ds since Cow Helm resigned Presidency and those
fixed with the sanction 81 s and
greater economy u p 9 Ss1e had the management and have
seen no good the compensation oil me
y I 5 70 s duties q he Company Of paying them
f.iT for sees, and Of dsmissng then vhen
they fail to discharge their duties properly 1uu " fe
RSoIeT Complaint is. that have voice in the
management The State Of Tennessee has three @ ~ bose
% by the socholders required the Charter to reside
Tennessee leaving but six for the s'5e &ou,vle to form
sany has been the cause oil the selection " ~
@ present of the made with the sane
tio and advice 81 Gov Helm himself, and remarkable tha
he never found Questionable until in want Of votes Tor hs
Il Understood he now proposes the election Of at least two
from the counties under the expectation tn1 ps.st
Fhe Louisville members where the Directors reside
s1s st ts new members Of the and willing to as
proportion Of the liabilities and increase them ne
csllay maintain the credit Of the Company - 70
Whilst the road was R, beng Louisville and the pre-
members have been selected because q Anq S. eon
SeDIt1t continue this arrangement until the roa fully com
Ped and the floating dent d'scn1rsa ~ the integrity Of the
Louisville meueersby interested parties IN .he 81 an con-
sTuotoa Memphis branch which they believe
interestO that city, is calculated 70 inaGeS ~ IN ob
the management from Louisville sRa p NJ O
ment, misconduct, and incapSciv are no doubt maze " ~
PoS ,,,ssa these chs,s Of Encouragement and incaPsei'
y are without That the Superintendent as ~
ss 81 ne road Is being we'll conducted the full ca;
psciy Of the equipment and the sueoralns p an own bpsi
been able TO manage our own
ness with and have been brought IN oohtA
he various walks OF me- ana arc
dent we are not mistake the practical business o.
their Superintendent, those whose services ne =
his aid, and complaints will cease as soon As e
shal hayem meta disposed OF the electon'
preparing NE
OF last year Tor te
October meeting, and viii
Of the Company, ana an
the cost completing road; and the amount Tor
responsible individually, now amounts 70 more u 49,
- a.. NJ;
they prejndged before their acts are
their course
- ~ JAMES Guthrie,
o. NEwCoNB,
QUGLET,