Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-12-09
NASHVILLE AND NORTH
WESTERN RAILROAD.
More about that Expense Item.
To The F6fior, % t,a Trnso, a-d Ar,erioan.

More ;About that Expense Eteaas.
To the Ediicrs Of the Union and American;
''Creaf.or" is exultant over finding e
seeming discrepancy in the statements
made by Col. Cole and myself as to the
amount expended By the Nashville and
Chattanooga Railroad Company on the
repair of Northwestern engines-Col. Cole
stating that we have expended $3S, 900,
and I only S24, 00o--a seeming discrep-
ancy of Sc, 600 which in Creditors esti-
nation conclusively proves that we have
expended $4,000, as stated in his first
vincing proof Of the correctness of his
assertions for the especial benefit of the
Tennessee Senate.
But does this seeming discrepancy ex-
list? Yes, in Creditors" imagination,
but not in reality. ''Creditor," in his
first article, alleged that we reported hav-
ing expended so, 600 upon the Northwest
ern engines, and ], throwing the mantel Of
charity over his extravagant assertion,
could conceive of no possible source from
which ne could obtain his information, ex-
cept from our published report of the ope-
rations Of the Nashville and Northwestern
Railroad for ten months up to July l, 1869.
Under this impression l stated we had eX-
pended 1924, 900 upon the repair of the
Nashville and Northwestern engines for this
period of ten months. Col. Cole, in his
statement, gives the expenses for fourteen
months, and, instead of discrepancy, the
difference in our statements is the amount
expended upon the Northwestern engines
for the four months-Col. Cole giving the
expenditures for fourteen months, and l
for only ten months.
''Creditor" again alludes to trade in old
iron. He alleged in his first article that
the Nashville and Chattanooga Railroad
Company had sold iron belonging to the
Northwestern Railroad Company, and this
being denied, he now says we bought iron
from the receiver of that road We did
buy of the receiver and agent of the Nash
vile and Northwestern Railroad Company
one hundred tons of old iron, for which we
paid the receiver full market price-$4, 600
in cash-and this money was doubtless used
in the payment of the poor employees, for
whom Creditor" expresses SO much sym
pathy.
Creditor must have strange ideas of JUS
tice when he complains of our purchasing
and paying full value in cash for old iron
belonging to the Nashville and Northwest
em Railroad Company, thereby enabling
the agent and receiver of that company TO
pay the laborer his dues. That we bought
from the Northwestern Railroad Company
100 tons old iron is the only ground
Creditor" could have had to sustain the
charge that we had sold iron belonging TO
that company.
Creditor" attributes the decline in State
bonds to the ratification of the lease of the
Nashville and Northwestern Railroad by the
House of Representatives. What are the
facts On Saturday, before it was known
in New York that the lease had been rati
fed, Tennessee bonds sold as low as 4Oc,
and on Tuesday, after everybody that
wished to had time to telegraph the result,
Tennessee bonds went up to 45c-a rapid
| decline of sc advance.
Creditor" need not fear the effect of
the lease of the Nashville and Northwest
ern Railroad Company upon the price Of
State bonds, as the ratification or rejection
of the lease will have no moro effect on
Wall street than his article will have on the
Tennessee Legislature.
J. W. Thomas, Sup't