Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-11-15

be Submitted to the People.
The County Court met in called session
at 10 O'Clock yesterday morning, Hon. VIM.
A. Glenn presiding, and the following
named members present: P. r. Albert,
Jno. II. -Baskette, Joseph w. Bigley, Lee
b. Blgley, Jerry Bowen, John w. Bush, w.
NJ. Butler, III. L. Claiborne, T. d. Cassetty,
w. j. Chandler, Chas. b. Chickering, E. IL.
Childress, Harvey Campbell, Jno. s. @. Da-
wilson, Nat. +. Dortch, James Everett,
Vim. b. Ewing, ], II. Galbreath, ID. S.
Graves, Benajah Gray, B. +. GleaVes,
James Haynie, Phos. G.. Hardy, Geo. j.
Hooper, Jno. Hows, Barney Hynes, Mar
tin kerrigan, ID. l.. Lapsley, p. w, Msxey,
VIM. f.. Meacham, Orwell Newly, ID. N.
Neylan, Jas. /. Patterson, Isaac Paul, ID.
A. Phelan, I. I. Sanders, II. G.. Scales,
Geo. w. Spain, w. A. Sizemore, J. Nj.
Shivers, James A. Steele, w. p. Sullivan,
Jno. Taylor, T. A. Treppard, W. j. Wade,
Ben. e. Wallace, Pat. Walsh, ]. @. Wands,
w. A. Wherry, W. H. Wilkinson, James
Wyatt, Jno. E. Wright.
OBJECTS OF THE MEETING.
Judge Glenn stated the object of the
meeting to be action in reference to the
proposed contract between the David
son County Railroad Commissioners and
the. American Contract Company, by which
the interest of Davidson county in the
Edgefeld and Kentucky railroad viii be
transferred to the Contract Company.
Judge Glenn also stated that any other
business could be transacted at this meet
ing.
MOTION TO CONFIRM.
The terms of the contract Gas published
in yesterdays paper) having been read,
Justice Maxey moved to ratify and confirm
the transfer of the property as soon as the
party of the second part had complied with
the conditions of the contract. Action on
Justice Maxey's motion deferred.
TO PREVENT TRANsFER OF THE SCHOOL
FUND.
The court being in waiting for the official
report of the Railroad Commissioners, JUS
tice Claiborne offered the following pream-
bic and resolutions, and made few peril
nent remarks in support of the same:
Whereas, bill has passed the Senate Of
the General Assembly of the State of Ten
nessee upon its third reading, removing the
school fund from the hands of the County
Trustee and placing it in the hands of the
County Superintendent of schools for dis
bursement; now, therefore,
Resolved, that this County Court respect
fully memorabilia the General Assembly not
to remove said fund from the hands of the
Trustee; and further
Resolved, that the County Court Clerk be
instructed to furnish certified copy of the
action of this court TO our Representatives
in the Legislature, and respectfully request
them to oppose any change in the present
law, so far as the disbursement of the school
fund is concerned. Further,
Resolved, that committee of three be
appointed by the County Judge to present
this memorial, and to use any influence
they may have in preventing the passage Of
the act referred to.
Justice Maxey supported the resolutions
and read some law denying the right of the
Legislature to transfer trust fund from
one officer to another. He regretted that
the Senator from Davidson had advocated
the removal of the school fund from the
possession of the County Trustee into the
hands of an officer neither elected by the
people or this Court.
Justice Dortch said that Senator Merritt
had, in his action in this matter, been actu-
ated by none but pure motives, and with
view to the best educational interests of the
people.
Justice Maxey disclaimed any intention
to impugn the motives of the Senator from
Davidson, but merely questioned the wis
dom or prudence of his course.
The resolutions of Justice Claiborne were
adopted by unanimous vote, and Judge
Glenn appointed Justices Maxey, Paul and
Walsh as the committee to memorable the
Legislature against the proposed interfer-
ence with the school fund of the county.
TERMS OF THE SALE.
The Railroad Commissioners submitted
in official form the terms of sale of the in
terest OF Davidson county in the Edgefeld
and Kentucky Railroad to the American
Contract Company, and the whole matter
was fully and distinctly explained by Gen.
George Nancy, who in answer to questions
on the subject, gave it as his opinion that it
was proper for the County Court to ratify
the sale, and that Judge Glenn authorize an
election by the people to ascertain whether
or not they will approve and confirm the
action of the Court in ratifying the sale,
according to the terms of the written con-
tract.
REPORT OF THERAILRoAD COMMISSIONERS
The report of the Railroad Commission
ers as to the sale of the coUnty's interest in
the Edgefield and Kentucky Railroad, which
is as follows, was read:
To the Worshipful the County Court of
Davidson County: The undersigned Com
missiOners respectfully report that, in pur-
suance of a resolution of the worshipful
court, 81 400 of the accumulated stock Of
the Louisville and Nashville Railroad was
appropriated to secure the purchase of the
cOunty's interest in and control of the
Edgefeld and Kentucky Railroad. From
this appropriated stock there was realized
by sale made through the First National
Bank Of Nashville, So, 1862, and with this
cash amount as margin, 225 State bonds
were procured for the first requisite payment
to the State, under contract with WinslOw &
Wilson, of New York. (This contract is
submitted marked exhibit A, and is referred
to for particularly Your Commissioners
further report that they are informed by
competent engineer and officers designated
temporarily to manage the said Edgefeld
and Kentucky Railroad, that its condition
is bad, and will require perhaps an imme-
date expenditure of not less than one hun
bred and sixteen thousand dollars upon the
road-bed, trestles and bridges, to place the
same in a safe and serviceable condition, to
say nothing of a much needed large addition
to its rolling stock equipment. Under this
state of facts, your commissioners have in
vited propositions for the purchase of said
Edgefeld and Kentucky Railroad, with the
view to affording your worshipful body the
fullest information and opportunity Observing
advantageously the county's interest, and we
now respectfully submit the accompanying
proposition from E. G. Seb-ee, agent of the
American Contract Company. This propo-
sition was only procured upon careful
negotiations conducted under the effective
assistance of Chancellor E. H. East and
Hon. A. L. DeMoss. The proposition
affords the county and its associate stock
holders a clear profit and bonus of $225,0O0
payable in bonds of Tennessee at par, and
considering the condition of the road and
the fair price offered, we respectfully recon-
mend the acceptance of the proposed pur-
chase by your worshipful body.
W. A. GLENN,
Z. H. CHILDREss,
b. +. GLEAvEs,
w. f. MEACHAM, !
J. S. G. DAVIDSON,