Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-08-27

49, S~
nection is a short one, only requiring
eighteen miles of road to complete il
from Huntsville TO Rock Spring. It will
bring you In direct intercourse with Lin
coin, Marshall, and other wealthy coun-
ties in Tennessee, and give you a large
local trade to pass over your main line.
You have $500, 900 of Tennessee State aid
that can be used for this connection, and
cannot hesitate 70 recommend that you
make arrangements to secure 1t as soon
as you can get satisfactory legislation
from the State of Tennessee for its con-
solidation with the Winchester and Ala
bama Railroad, upon satisfactory terms.
This line will finally be completed
through to Cincinnati, and give you aH
important Northern connection.
COL SAM. TATE.
Since your last Annual meeting, You
have lost the valuable services OF Col.
Tate, who has served you with marked
success for a term OF years. Upon pre-
senting his resignation as President of
your Board of Directors, the following
preamble and resolution was passed
"This Direction have just heard read
the communication of President Tate,
rendering his resignation as President OF
this company. The kind sentiments he
expressed In taking his leave Of 8 COM
pany over which he has presided 80 sue
cessfully for the past fourteen years, are
heartily reciprocRted by this Board, and
the Board cannot permit the separation
to take place without expressing regret
at the necessity which impelled our
President to terminate his connection
With this Company, and saying that his
ability and energy will insure success
IN DhofauoE anfarnrfaaL N4y1r Uhfah ha
may be called to preside; and the direc-
ton now express the earnest desire that
he may long live in health to contribute
to the prosperity OF his country.
ResoIUed, AS q token Of our apprecia-
ton of the services OF Col. Sam. Tats as
President Of this company, a service of
silver not exceeding n thousand dollars
in value, with appropriate inscriptions
thereon engraved, be prepared and pre-
scented to him by this company.
The Board with pleasure bear testi-
mony to the efficiency, zeal and fidelity
with which the officers In charge Of the
several departments, and those employed
under their direction, have discharged
their duties during the past year.
Respectfully submitted, M. ]. WICKS,
President
Gel. Mansford moved the report be re-
csived and adopted, which was unani-
mously done.
Col. Sam Tate then came forward, and
In q short, pathetic and eloquent address
rendered his letter Of resignation, giving
his reasons for so doing substantially as
they are embodied il the letter which
follows:
WATER VALLEY, Miss, August q, 1853.
To the Stockholders in the Memphis and
Charleston Railroad Company:
Gentlemen The fortunes Of war and
other circumstances over which I have
had but little control, having so changed
my circumstances that it became a duty
to myself and family, on the 26sh Of
May last, to resign the position [ had
held as President of your Board OF Di-
ect0rs for over fourteen years; and hav-
rug been honored by them with that po-
sitiOn-I felt it my duty to return the
trust to those who bestowed it. Having
received aud held the position Of q dlrec-
tor in your company for a similar pc
Rod at your hands, L now tender
you my resignation as a member of your
board. My recent engagements will not
perEait my giving it that tipe and Stten-
ton that it requires. In thus seveFing
- COAAE1NASA HANA% JOa- S11LR6A1 CA-
nit me to return you my most grateful
thanks for the generous confidence so
long and so unanimously bestowed. 1t
is With regret I leave you, and nothing
but my necessities could have induced
me to take the step. My life and char
acter, and my fortune, have been so
closely allied to your company, that [
cannot bat look back upon my inter
course and connection with you, as the
child upon it, ho4oYed parents, and even
regret the necessity fOf the separation,
repeating to you, each and all, nay CRATE
ful thanks ard my best wishes for your
prosperity and success.
Your obedient servant,
SAM. TATE.
Col. Abernethy moved the letter be
received and placed on the records.
Carried.
Here Col. DOnegsn took the floor, and
said thst he arose for Che purpose Of pay
ing a tribute to the fidelity, energy and
industry with which Col. Sam Tate had
served the Stockholders Of the Com
pany. Re had been associated with him,
and felE and knew that Col. Tate had
used every energy Of mind and body to
the furth erance Of their interest, and
they wers indebted to him deeply. In
asmUch az he (the speaker) was a mem-
Der Of the Board, whose action had just
6esn Endorsed, and had already particle
'sG ia lie same ceremony, he was in
-, ~9Re one OF the stockholders would
,opo tsh.1 the duty of his hands and
,G.r r~asointio.~ "a expressing these senti-
The Chair suggested that no n could
10 It better than the Spe>ker, and ne
accordingly started to prepare them.
Col. Sykes, Of Alabama, having al
ready prepared q resolution looking %
his end, requested permission to offer it.
Permission was given, and the following
offered and carried unanimously
Resolved, That the stockholders Of the
and Charleston Railroad Com
oany have heard, with sincere regret,
the causes which have compelled our
late President, Samuel Tate, to resign
his position : that we greatly regret the
loss of his energy, his ability and fidelity
in his MANAGEMENT OF its affairs, and
that our best wishes for his health, pros
perity and happiness go with him IN his
Col. Tate briefly returned thanks.
Moses Naples, Esq, Of Jackson, offered
following:
Pe-Olgsd, That the Board of Directors
# tbe Memphis and Charleston Railroad
Va instruo, u TO Inquire into the expedi-
nov of rad, ~siBg tie passenger fare on
aid road 10 fon- "a cents per mile.
President wicks stated that arrange
nents had beea aIrea ~ made at the isst
meeting of the Board, " which those
vho travelled much on the NHse ir$Yeieo
1t reduced rates-three and To- espeS q
nile.
Mr.. Naples supported his resoluti> ~
|. few remarks, as did Col. Abernethy.
The question was then called for and
he resolution carried.
The Chair announced that on the 10Th
If September an election for Directors
viii be held, at Huntsville and Memphis.
Those stockholders living and having
heir stock registered on the eastern end
If the road voting at Huntsville, and
hose on the western end at Memphis.
A large amount Of stock being held In
New York, and in order Il prevent frsud
vsting by proxies, Col g. P BERN Of
the following, which was carried
unanimously
RESOLVED, That the officers Of the Mems
and Charleston Railroad, In New
York, be required to furnish q list of the
stockholders to the Secretaries of the