Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-02-08

Squire Maxey then stated that there was
list of private stockholders, and read the
names of several persons who he said had &c
shares IN the Tennessee and Pacific Rail.
road, on all Of which they had only paid
nifty dollars. He then referred to various
amounts which had been paid to lawyers, and
also stated that the salary of the President
OF the road had been six Thousand dollars,
He also said that the directors of the rail
road had not taken the necessary steps to
collect the money due on shares The
speaker then referred to the law which
changed the number of State Directors;
he would not say that the managers of the
road had not acted legally, but he thought
it very strange law that the State could
claim an equal number of directors to
those elected by the stockholders.
Squire Maxey then stated that he had
remarked the other day to q certain gen.
tleman, 81 see you are stakeholder in
this road" He said, ''Oh no, don't own
any stock. ''But, said l. II see your
name down here" ''Well, said he, "a
man told me that the damned Rebels
would get control of the road, and gave
him some stock" Mr.. Maxey then stated
that the entire salary of officers of the
road was SIS, 800 for 1869-70, and the
next year $12, 900.
Mr.. Demoss asked to make statement in
regard te legal fees he had received. He
had done a great amount of business for
the railroad, and they considered his claim
of $1,000 a just and fair one. .
Squire Maxey stated that he was salts
fed with the explanation. He then re-
marked that when he was making his in
vestigations, some one asked him why he
(Maxey) did not ask how much money had
been paid for negro votes and for whisky.
Mr.. A A. Harris, who was in court then
said: at was done one year before we
had any connection with the road, and by
the very men whom you represent on this
floor"
Squire Maxey-'1 throw back in the
face of the gentleman any insinuation that
l am the representative of any man. The
gentleman promised to furnish me with
the names of the negroes and full state
ment of their expenses, but | have not
yet received it.
Squire Cassetty then asked what be-
came of the railroad bonds?
Squire Maxey-"The whole thing from
its very conception-for have ever be-
lieved that the whole thing of the Ten
nessee ard Pacific Railroad was conceived
in sin, and it will of course bring forth in
EQUITY. Laughter. Why do say this ?
From the very fact that your money and
my money was used to buy up colored vo
tiers and to get them to circulate tickets
and influence the colored voters.
Squire Maxey continued his remarks at
great length, but the above contains the
principal points made in his speech.
Gen. George Nancy, the President of
the Tennessee and Pacific Railroad, was
then, by a vote of the court, given the
floor to reply to what had been said by
Squire Maxey, or rather to make what
ever statement he desired
Gen. Nancy said that he wished to deal
frankly with this whole matter. After
stating that ne had been absent on bust
ness connected with the road, he gave a
brief history of his connection with it, and
stated that many of his friends had asked
him to become connected with its man
agement. Gen. Nancy then stated that
in railroad matters there were always
what we called 'iins" and "outs, and was
proceeding to refer to q caucus, when
Squire Maxey said 81 deny having
been in caucus with any man.
Gen. Maney-Do you state to this court
that you have not been in conference with
the ''outs' as to the best means to defeat
the 'ins?'
Squire Maxey-I have not been in con-
ference with any such gentlemen know
ingly. 1 talked to James Whitworth and
Joseph W. Allen, and Sam Watkins and
10 W. M. Cooke.
Gen. Maney-Now will you deal In all
candor and say that when you went to
Lebanon you didn't arrange whore you
could get a ticket strong enough to beat
these gentlemen
Squire Maxey-I did go to Lebanon,
and had a consultation with the proxies,
who said they could not vote for any of
the present directors, and l asked them
who they would vote for.
Gen. Nancy continued his remarks, and
said that he was not going to excuse him
self for anything. In reply to the allega-
ton that he had taken bonds from the
State. he said that he obtained those bonds
after fair argument and full showing of
his right to them. Those bonds we're
Welded to him by officers competent to do
so. The General then went on to state
that he went forward. with the building of
the road, and said that there had been a
party who wanted to build railroad from
Lebanon to Gallatin, but he himself was
not in favor of that road.
Gen. Nancy stated further that We ought
to have made a report but had not done
it. There was now pending in Congress a
proposition to substitute great Southern
railroad. He Gen. Nancy was a director
in that proposed road, and he had been
absent in the effort to bring forward the
Tennessee and Pacific road as link in
that proposed great Southern railroad.
Before leaving Nashville he had instructed
his subordinates to prepare their reports,
but they came in slowly, aud comprised a
great mass of figures which it would take
a good deal of time to state correctly. He
desired to present correct report, and to
do that would require time. Besides that,
he had been unwell; but though unable to
make ont his report, he had invited the
Railroad Committee to come to his office,
and had told them that he would afford
them all the assistance in his power. He
would show that all his acts had been hon.
est, and that his administration had been
faithfully conducted.
Mr.. Demoss explained the protest that
had been read by Squire Maxey, and said
that it was not intended to reflect in any
manner on the present management of
the road
Gen. Nancy then said he had exchanged
certain bonds, because other roads hac
made a combination against him, but he
had not sold his bonds, he had only
exchanged some of them; and now had IL
his possession bond for every bond thai
he had originally obtained.
Judge Whitworth then addressed thu
| court at some length in favoring Squire
Maxeys resolutions, and in the course o
| his remarks stated that he thought IL
these railroad transactions there had no
always been fair dealing, but explained
this portion of his remarks by stating tina
he did not refer to any member Of thu
present Board of Directors.
Squire Ewing offered, as a compromise
a substitute to Squire Maxey's resolution
| bat no action was taken, IS Judge Turne
stated that the hour for adjournment hat
passed, and therefore declared the cour
adjourned till 10 o'clock this morning.
ROBBERY IN EDGEFEELD.