Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-08-11


that cars may be loaded in st. Louis, pas
over your road to their destination at tn,
seaboard cities of the South Atlantic, or a.
points in the interior, without bresl:ing
bulk. 0o
The growing importance 81 ST.. Louis,
With her natural advantages in rivers run
ming for thousands of miles, draining the
finest sections of the West for the pro-
ductIon * the cereals, and for the raising
of stock, and her avenues of commerce
~ rail, extending in all directions, even
to the Pacific coast, must very soon be-
come the distributing point for the grea'
West
With the line between Chattanooga aud
st. Louis in successful operation upon .
route approaching an air line, we may b'
able to meet competition by the rival
Routes that is threatened, and to maintain
your present increased earnings, if we
do not enlarge them.
The reports If the Superintendent,
treasurer and resident engineer, are here
with submitted, and your attention is es-
pec.ally invited to them for more specific
information in their respective depart
ments.
Free travel, referred to by the Super
| intendent, is great evil, and one which
| railroad managers must sooner or later
greatly restrict, if they do not, Gas we be-
| lieve ought to be done) abolish entirely
the privilege. 1t has been restrained on
your road, but perfect and successful re-
| formation require the cooperation of
other companies, which we are not with
out hope of securing. '..-a- e.. .
1t is gratifying to the Board to acknow-
ledge the interest and efficiency of the
officers, agents and employees generally,
in the discharge of their respective du-
| ties.
We close this report, cordially con-
graduating the stockholders on the i'm
proved condition and prospects of their
enterprise. -.r-r .--,, r..-.--..
All of which is respectfully submitted,
in behalf of the Directors, by
E , E. w. COLE, President.
On the reception of the report Messrs.
George w. White, of Davidson, Jesse
Arledge, of Franklin, and d. p. Rath-
bone, of Coffee, were appointed COM
mittee on proxies.
The reading of the Superintendent |
Treasurer's and Resident Engineers re-
ports was, on motion, dispensed with, and !
the usual number ordered to be printed. |
G. NJ. Fogg offered the following reso-
luton: -.-...r -..-.-..-...
Whereas, By an act of the General |
Assembly of the State of Tennessee,
passed the 18th of June, 1870, the Nash |
vile and Chattanooga Railroad Company /
were authorized to borrow three million |
of dollars for the use of said company by
executing second mortgage bonds and |
mortgaging the road with all its property
to receive the payment of the same; and
Whereas, at meeting of the Board of
Directors of said road on the 9th of July,
1870, they passed resolution recon-
mending to the stockholders at their
regular meeting in August 1870, to give
full power and authority to the Board of
Directors of this company to issue said
bonds and mortgage to the board, etc.,
for the security of the same. Therefore,
Resolved, That the Board of Directors
of this company be invested with full
power of authority to borrow the said
sum of So, 900, 900, or 80 much thereof as
they may deem expedient, by executing
second mortgage bonds, and as a security
for their payment, they are authorized to
execute mortgage on the road and all
its property in conformity with the pro-
visions of the said act of the General AS
sembly of the State of Tennessee.
D. II. C. Spence offered the following
resolution, which was adopted.
Whereas, The privilege of a free ride
over this road to any point at the period
of the annual election, heretofore &C
corded in spirit of considerable kindness
to the stockholders of this road, has been
so grossly abused as to bring about so
much indiscriminate travel as to forbid
the bona fide stockholders from using the
privilege on reaching the election; there
fore, be 1t
Resolved, That the Board of Directors
are hereby requested to instruct the Su-
perintendent to provide every depot
agent ten days before,each annual election
a sufficient number of blank free tickets
to enable the bona fide stockholders to
use the road free for the usual three
days; provided that the said agents shall |
be instructed. to issue to each unmarried
person by name one free ticket for each
certificate of stock exhibited to said agent
of each and every member of the family
who are actual residents under his roof
and members of his immediate house
hold.
The conductors are to be also instructed |
to charge full fare for any person seek
ing to ride over the road on a ticket not
issued legitimately to the individual using |
the same, and the conductor is to take
such evidence at the date of the same be-
ing offered as will establish the fact
clearly that the person asking the free
ride is genuine stakeholder, or the child
of one, and dwelling under his roof.
Provided, further, that persons holding
and exhibiting proxies to vote stock shall
be entitled to a free ride to the place of |,
election and a return to their homes.
President Cole read contract between |
the Nashville and Chattanooga Railroad
Company with the Tennessee and Pa
cifc Railroad Company, and the Mobile
and Ohio Railroad, which was confirmed
and ratified.
On motion of John Frizzell, the meet.
ing adjourned till o'clock p. NJ
The convention of stockholders re-as-
sembled at o'clock. The judges of the
election reported to the convention the
vote cast in the election resulting in the
election, as Directors, of E. w. Cole,
Jno. NJ. Bass, G. NJ. Fogg, John Frizzell,
E. L. Jordan, w. Hunter Smith, Thomas
G. Whitesides, Thomas Lipscomb, Ander-
son Powers, William s. Higgins, John F.
Anderson, John B. Hawkins, A. E. Pat j
ton, jackson Pryor and Benjamin May,
each receiving 12,0S4 votes, being the
WI lie vote cast in the election.
The motion of John Frizzell that the Su-
issue free passes to the Chair
man, Secretary, the Committee on Prox-
les and the Judges of election to travel on !
the Nashville and Chattanooga Railroad
for twelve months, or until the next an
nual stockholders meeting, free of charge,
was unanimously adopted.
Col. Hugh Francis introduced the fol-
owing resolution: I
ReSolUed, That the resolution hereto
fore passed be, and the same is hereby,
revoked, requiring the President and Di-
rectors to print their report ten days pre- !
vious to the regular meeting of the stock a