Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-12-03

AAA4 1AALS1N4hA EAA0WAIk NA4t 1ocC- VI
uring liable Tor $500 coo, IS asserted By
Alderman Ruf1a, tha. IL was only con
ungeayiy iisble for 500, coo, and was
protected ny names, q single individual
OF which, vas worth more abroad than
the CITY Of Memphis. On Alderman
R1fiu calling for names, Alderman Nc
Davi-t said that Mr.. Bethel was u OF
sie "a lee, aud that he tAiderman Nc
Davitt) was n Of the indOrseFs-ha
e sH4idsred Lnat the weakest part of the
whole affair.
Alderman Rafflu said that that was
mighty strong paper, but he would
| not be surprised to sea even Il go to pro-
| .gs.. However, he would not mind hay
| ing q hundred Thousand OF it.
Alderman Mageveuy then took up the
subjecl and gave thu Board q OF his
| healthy old talks, in which he showed
| them mat they were nothing but pig
mics in the hands OF these a~aac0ndas
| fChe railroad ~buyeTs), whe were playing
| the Saylock with them thai they must
| make the bsst compromise they can, and
hey cAniE get ogt of IL. He concluded
| oy saying he should vote for giving these
| Gentlemen the $3.50 900 bonds for s25, 600
when the railroad wss finished, and run-
| 1ing, not o. the Bluff, but under it, But,
about tue $500 900, he would sea them
| three hundred thousand miles in-China,
| before he would vote for 1t.
Alderman Rsnner hated to take up the
| time Of the Board, but he felt like be
ought to say something. He had OPP
| posed seti0n, q few evenings since, be-
cause he did not know the parties, and
wished 20 examine into the prCjsct. He
,neu proceeded to support the movement
De admitted that these gentlemen had
nercenaFy motives, but this was q di-
emma We and they we're 10,
q which they cannot advance
their own interests without forwarding
ours. We must TAXI some steps To put
8ur merchants in stih q posieen that
shey can compete at any time with st.
Louis merchants, aud this combination
offers Us the chance. He Is therefore in
favor Of this resolution.
Alderman PassmoFe arose to a personal
exclamation. He had not used or in
lended TO use anything personal In his
remarks, but Ii appears &c him that there
zre parties around this Board more like
petulant, Spoiled children than reason
ing men. There were men who weighed
| very one, not by his intrinsic value SIS
Az honest man, but by his greenbscks.
Recurring to the question, Mr.. PassmOre
said thst il this stock Is to be sold, for
heavens sake give the other railroads
she highest bidder-s chance. He un-
deTstsuds that the Louisville road is
about to make q bid for this stock. He
o0mbated the ides o! the great utility Of
tue Northwestern road. We have q
great highHay-lhe Mississippi river
that can always bring grain, and pro-
duce to Us cheaper and better and indie
pendent OF railroads. He regarded the
result OF the proposed scheme as simply
a plan to build up Paducah, and let Mem
phis have the go-by, aud If Memphis
( yer becomes great it will be through
other channels than this proposed Troy
Branch Railroad.
Alderman R5nner again anne back at
Alderman PsssmOre, but brought no
new Arguments forward.
Alderman MeDavitt rose to explain
the new proposition sprung upon the
Board THAT from the Louisville road,
and said that be had urged the chance
Of the same bargain to that company as
early IS last July.
Here Alderman MCfatt, In order to
stop q discussion which bid fair to last
until one or tins other OF the gentlemen
| on each side of him talked themselves
and the Board to death, moved that the
whole matter Of the ssie OF the bonds
hsid by the city Ia the Mississippi and
rennesses RsilrOsd, be referred to a COM
mIttee Of five, to fully investigate the
matter, and il concluding in favor Of the
ssis OF the stock to sBy party, plsce all
proper restrictions on the purchasers and
report to this Board for fasl action.
The resolution was adopted uuani-
/ mou-Iy, ana Aldermen MeDavitt, Mot
fatt, PzsSmore, RsnEer and Ruffln were
appointed on the com mittee.
A motion TO adjourn was then made,
but was voted down, and the regular
business let unfinished on the previous
day was taken up.
REGULAR BUSINESS.
Alderman Passmore offered the fol-
loving, whish wSs unanimously adopted:
Resolved, ETC., That the Mayor, under
the provisions Of city Ordinznee for
taking the census Of the city, do imme-
diately make the necessary appoint
menis in esch ward TO that end, and the
sun Of 500 be allowed each census
Lsker for his services, il completed en- the
It day Of January, 1889.
TBe following were then appointed by
The Mayor for the different wards to
carry U the provisions OF the above,
ana their nomination approved ~ the
Board
-. John NewsoHa. 9Th, Henry Childs,
"a. E. Marshall, 7th. Martin Dutliuger,
Sd. John ucG7veny, Sta- John Parks
4tn, W. W. Hodges. 9Th J D. DansouTy,
5gh. Tho q. smith, 10TH. J. u. PrSytne..
3 humber Of petitions OF q trivial
character wege then read and received,
or referred to the proper committees
RESOLUTIONS.
By Alderman PassmOIe: A resolution
requiring the Comptroller TO report to
tbe Board, a. early as possible, a tabular
statement Of the amounts due from Sam
Tate to P. c. Bethel and Others, upon
tue purchase If the city's stock in the
Memphis aud Charleston Railroad and
thst he also furnish the amounts Of In
terest paid by Ssid parties, and the char
a0ts- and amount of bonds retired and
Cancelled according to the provisions Of
the contract between the city and said
PARTIES. Adopted.
c. - a U--M 0E