Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-11-03
CITY COUNCIL.
Mayor Lefiwfch favors the Sale OF
the Little Rock Railroad Stock
Number of Important Measures
Raased.

The regular monthly meeting of the
Board of Mayor and Aldermen was held
Yesterday afternoon a. the City Hall.
Present: Hon. J. w. Lsftwich, Mayor;
Chairman S wayne, Clancy. Joyce, Mar
shall, DurH, Cartwright, Dyer, Hoist,
O'Dounsll, Cicalla, Gallagher, Ogden,
Moffet, Wolcott, Vincent, Ellis and Will
liams, Aldermen.
A message was read from the Mayor
vetoing q resolution increasing the street
force, and suggesting, in accordance with
recommended from the City Tax
Collector, that the two per cent. tax PEN
atty be abated up to Dec. lst He re.
ferred to the fact that nothing has been
done to ensure the completion of the Lit
tie Rock railroad, and said
1.-THE proposition made by Colonel
hyperion to pay for the citys stock in
the Memphis and Little Rock railroad,
$50, 900 in cash, and an equal amount OF
stock in the Memphis and FL Paso rail-
road, of which the Memphis and Little
Rock railroad would then become part,
ad to guarantee its completion to Little
Rock in one year, or failing in that to
forfeit $1,000, met with the approval OF
large number of snterprising and pub
lic-sprted citizsns; but have secured
better proposition than that, to-wlt:
500, 900 in cash for the stock in the
Memphis and Little Rock railroad, with
the privilege for one year of retaining
$4,000, with six per cent. interest,
and receiving therefor an amount OF
stock in the consolidated road equal
to the amount now held in the Mem
phis and Little Rock railroad, and
guarantee to complete the road to Little
Rock within one year. The completion
of the road is above all other considers-
tions all admit; and seeing no way to in.
sure it without selling the stock, l re-
spectfully present the above proposition,
without urging its immediate acceptance,
but with request that you give it such
thought as will prepare your minds to act
upon it at your next regular meeting.
This proposition secures the completion
of the road to Little Rock within year;
it encourages and gives material aid to
the extension of the road beyond that
point; it gives $50, 900 at low rate of
interest, and allows us one year in
which to note developments relating to
the Memphis and e Paso railroad, and
to determine whether or not we take the
stock in the said road.
A resolution was adopted to employ an
attorney to represent the city at WASH
ington City in suit before the Supreme
Court in which the city of Memphis is one
of the defendants
Colonel John Donovan read by per-
| mission communication, showing it to
be to the interest of the city to take stock
| in the Gayoso Gas Company. Referred
| to Committee on Claims.
The usual monthly acquisitions and
appropriations were made.
The Tax Collector on Privileges re-
ported the receipts for the month to be
Sl9 400, Tax Collector Bowen, $4,000.
South Memphis market, S510 20. North
market, $452. Robert Goode, wharf
master, $500 rs.
| After discussion, an ordinance was in
troduced by Alderman Durtf, allowing
bars to keep open all nights, and passed.
An ordinance passed requiring trading
fat boats to have merchants license.
Also one requiring dealers in loose cot
Jon to pay SlDO for license,
Aldermen Mofet, Hoist and Clancy
we're appointed a committee to confer
with Col. Epperson in regard to his
proposition.
Market hours were changed from four
o'clock to eight o'clock in the morning,
to two O'CLOCK to seven in the evening.
By Alderman Cartwright:
Resoloed, That the Police Commits
sioner be Instructed that the ordinance
relative to fast driving through the streets
be rigiJly enforced. kdoptss.
The Board adjourned
|