Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-11-10
NASHVILLE AND DECATUR RAIL
ROAD.
Meeting Of Stockholders and Di-
rocrorS T,Iectfor1 Rg B5rprfOrs

Meeting OS Stockholders and Di-
decentralization OF Directors.
The Stockholders and Directors of the
Nashville and Decatur Railroad met at
Concordia Hall yesterday morning, and
were in session until o'clock last night
Their deliberations were harmonious and
interesting, it being the annual election of
officers for the road. Last night, in con-
venton, the following resolution was
passed, having reference to the lease of
the Northwestern road to the Chattanooga
road:
Whereas, in the opinion of ;he meeting
such lease would be exceedingly detri-
mental TO the interests of the Nashville and
Decatur road by enabling the Nashville and
Chattanooga Railroad to control and force
over their own line all freights from st.
Louis and the Missouri nver, destined
to North and Central Alabama, which would
naturally take the West via Decatur, upon
the completion of the link from Decatur TO
Montgomery, which link will be completed
within the next IS months; and
Whereas. It is understood that an at
tempt is being made to consummate a
lease of the Nashville and Northwestern
Railroad to the Nashville and Chattanooga
Railroad for a term of six years; and,
Whereas, BY legalizing such lease the
Legislature would work serious disadyan-
tage to the interests of the State, inasmuch
as the Nashville and Decatur Railroad
looks confidently to the business above de-
scribed to enable her to pay promptly the
indebtedness to the State; therefore, be it
Resolved That the Board of Directors
elected to-day are hereby instructed to
memorable the Legislature, setting forth
the injustice of such a course, and urging
the propriety of operating the Nashville
and Northwestern railroad as an indie
pendent line, the freight passing over said
road to be competed for by the different
routes from Nashville.
Mr. Park, Of Columbia, offered the fol
lowing resolution which was laid on the
table:
Resolved. That the stockholders of the
Nashville and Decatur Railroad here assem-
bled, do repudiate and condemn the dead
head system as now practiced upon the
railroads of this country, and especially
upon the Nashville and Decatur road, and
that the Board of Directors this day elected,
be, and they are hereby instructed strictly
to infoTce the spirit Of this resolution in
their future management of the road.
Resolved, That in view of the emhar-
raised financial condition Of the road, the
salaries of the President and the other Of
ficers of the company should be reduced,
and the Board Of Directors are hereby in
structed to make such reductions IN the
same as will comport with the stringency Of
the times and the necessities Of the com
pany.
Mr.. Baird, Of Maury, and adopted, con
corning the INTERESTS or DAVIDSON toUN-
TY IN TIE ROAD:
Whereas, There is a matter Of contro-
yersy between the County of Davidson and
this Company as TO whether the taxpayers
OF said county are entitled TO stock for the
amounts Of taxes paid to said county in
payment of interest ON the bonds issued by
said county for the payment of their sub
scription Of 500, 900 to the Tennessee and
Alabama Railroad Company.
Resolved, That committee disappointed
on the par; Of the stockholders to confer
with the proper authorities of the county
for the purpose of making an agreed case,
and bringing the matter TO decision 10y the
courts Of the country.
BOARD OF DIRECTORS.
The following Board oil Directors were
elected, the count being closed aIter .
O'Clock last night:
Thomas NJ. Jones, John s ClaybroOk,
Thomas Martin, Alder Buford,
NJ. c. L. Claybome, w. o. n. Perkins,
John McGavock, John Belanfont.
John FIiersOn. John G. Brown,
F. c. Reid. J. W. SloSs,
Geo. S. Houston. John T. Tanner.
and DIR. Murphy
The Limestone, Ala, county vote was
thrown ont, owing TO the nom payment Of
the balance of subscription. They met
again this morning for the election of gen
eTal officers of the Road for the ensuing
year.