Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-10-25
ucGUEE Am row sCOTT

mess TRANSACTIONS, Trustworthy. IL
does not follow, however, that Mr..
McGhee does not love himself as well
as he does the taxpayers Of Tennessee.
He is the representative in the general
assembly of Tennessee of the Penn
syIvania Central Railroad company.
Not long ago, when the business OF
the legislature of Pennsylvania was
concluded, and nothing was before
either house, an innocent member
fcOm a mountain district rose in his
place, saying: "Mr. Speaker, il Tom
Scott, Of the Central, hes no more use
for US, I move we do nowa adjourn" 1t
was agreed that Tom Scott's tools had
done the bidding of their master, and
the laW-gtvers of the nee proud old
commonwealth of Pennsylvania went
away. 1t WIS the fOulest shame, in
volved in the speech Of that weak
agent of Tom Scott, that ever befouled
the fair escutcheon Of an American
State. Tom Scott is the Radi-
cal 'bOndholdeTs, railroad candidate
for the presidency of the United States.
Tom Scott is viee-president of the
Pennsylvania Central, president of
the Union Pacific, and president or
~vice-president Of thirty-seven other
roads, and to this + Of Tom SCOTS
empire, G. NJ. McGhee hes added
four other American railways. 1t is
Tom Scott who has induced McGhee
and many like him, wen unconscious
ly, TO betrsy the interests Of Tennes-
see in behalf of those mighty rail-
way rings. Malone offered McGhee.
and Wilson the par value of their
stock in the Chattanooga and Bristol
lines, and Malone agreed to pay the
face Udlue for all shares held By other
persons. This proposition of Mr.. Ma
hone was not accepted. 1t protected
every shareholder in the Bristol and
Chattanooga roads. Tom Scott had
interviewed. Whether he protects the
small shareholders we do not know,
but at this hour he holds a majority Of
the stock in this great trunk line
through Eastern Tennessee. Wilson,
who heads the Tennessee bOndholder's
ring in Wall street, may be Scott's
partner; but Tom Scott is the mas
ter Of the commerce Of Eastern Ten
nessee and Of that of the Gulf States,
to the extent that its course must be
controlled by roads through Eastern
Tennessee.
IL MI. McGhee questions this
statement, the proof shall not be want
ing. 1t is further true that Tom
Scott is the real purchaser of the
Knoxville and Kentucky road, which
cost Tennessee taxpayers about two
millions. Tom Scott pays for it,
S375,0eO. The Knoxville and Charles
ton road cost u people about a
million and a half. McGhee buys it
for 100000 for the Knoxville and
Chattanooga railroad company, and
then sells this Knoxville and Chatta- |
noOga road to Tom Scott, so that Nc
Chez, in this pleasing little transac-
ton, was still the agent Of Tom Scott.
Nh. McGhee is thoroughly conscious
of the fact that he is a Tennessean.
He loves his State; but he loves more
n Charles McGhee. 1t is natural,
and he absolutely persuaded himself
that his own, and the interests OF the
taxpayers Of Tennessee are identical
With those of Tom Scott. Tom Scott
in buying these East Tennessee roads,
has really bought Tennessee bonds
that built them at less than twenty
cents on the dollar, and Tom Scott's
ring naturally demands the pound of
flesh, and would crush other Tennes-
see railroads, which Governor Brown
is induced to inveigh against,
that he and Wilson, Of Wall street,
through their agent, the excellent
Charles McGhee, may own and con-
troll the whole railroad system of
Tennessee. II those men achieve
thei- plans, how long before there
will be little MeGhees enough, mem
bers OF the General Assembly of Ten
nessee, not only to define rates Of
taxation as Wall street dictates, but
to convene and adjourn this body Of
law-givers in accordance with the be-
hests Of Tom. Scott?
Governor Brown has
fallen into the CLUTCH -Ously
rail- of these re-
way spectators. HIS
position is suboTdinated to their
unholy ends. In his message, that APP
peared as a special dispatch in the
APPEAL Of yesterday, he assails the
only roads in Tennessee which have
cost taxpayers eve one dollar-the
only roads that were utterly destroyed
by the rude hand Of exasperated
Federal power, and never rebuilt save
by the money and toll Of Tennessee
stockholders-the only roads in Ten
nessee still owned by those who built
them. What strange hallucination is
this which impels Governor Brown
to condemn those who have
not Chartered away the Hber-
ties of the State by selling their
railways to Tom Scots and to VIII
son of Wall street? Is there a fool
so stupid that he imagines Tennessee
shareholders in East Tennessee lines,
sold to Tom S -lt, will ever receive a
dollar of dividend? Tom Scott holds
a majority Of the stock, and this ma
iority power will ever find de-
mands for all income and means
OF absorption for possible div
The wealth and re-
sources and political power Of
the eastern division Of the State has
been transferred TO a remorseless
crew Of cormorants. Their agents
are nov in Nashville. They have, % I
Governor Browns message shows,
babies in their arms |
wrapped in State bonds as swaddling {
clothes, that the legislature NAV be-
hold "Wise men of the Easr' bow inc
the majesty of MANTLE rebel. {
dom. 1t is a fearful spectacle of {
baby bondhOlders as drawn by our !
chief magistrate, and !
McGhee and Wilson and Tom Scott
hide fhoir ou-oot ~fnnOaant faqna no I