Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-03-30

abofl, or some other point East Of Leba-
non, common trunk for the Cumberland
and Ohio railroad; and by SO doing, CIV
ing to Nashville and the upper Cumber-
land an independent through line
of railroad from 9 Nashville to Gin
cinnati, as well as through line to
the Atlantic; and that the stockholders
will, to carry out the policy, make the mo {
liberal terms with the Ohio and Oumber-
land Railroad
Resolved, That the Directors be and
are hereby required to take, Immediately,
| all the stems that are necessary for the
speedy collections of the private subscrip-
ton Of stock to the Tennessee and Pacific
| Railroad
The Judges of election we're then sworn
| in bv ESQUIRE Meacham, and the election
| for Directors commenced, the vote being
taken by stock, one vote for each share.
While the vote was being taken, Gen.
Nancy offered the following preamble and
resolution, which was seconded by Col.
| Waters. and adopted almost unanimously,
but one dissenting voice being heard:
Whereas, 1t appears by the report OF
the President that eleven hundred and
eighty-fiye bonds of the State have been
| issued by the Governor of the State, and
received by him as President, under an
order of the Board of Directors to apply
for and receive the bonds the company
was lawfully entitled to;
And whereas, By act of the General AS
sembly, passed over the veto of the Gov
ernor, Jan. Is, 1871, certain provisions
are made, conditionally threatening stock
holders with individual liability;
And whereas, The object of our sub
scriptions as stockholders was to advance
public development and prosperity and
not to subject ourselves to the danger Of
harrassing litigations;
Therefore resolved, That the annual
reports of the officers now submitted are
received and filed for information as to
the condition of the company's affairs, and
expressly, in case there has been any
illegal action whatsoever, either of pur-
pose or through mistake OF law
committed by any such officer, we, as
stockholders, disclaim ratification or sane
ton of the same to the full extent of its
illegality,
DIRECTORS ELECTED.
On the first ballot the vote stood as
given below, and the ticket headed with
Gen. Maney's name was declared by the
Judges to be the names of the directors
duly elected for the Tennessee and Pacific
road:
TICKET ELECTED. OPPOSITION TICKET.
Geo Nancy. 6, 4S4 Jas Whitworth.. ,O1O
A l. Demoss... 6, 486 das Weeds. OH
John Kirkmau 6, 4S4 WIN Cooke......6,0l1
A Porter..... 6, 4S4 & II Gardner. *6, 013
Sam Watkins. 6, 484 A G Adams......6, OLE
w Paramore 6, 481 L Drifoos.. OIL
McLain. IL, 1913 A W Vicks.. ,010
Jno Orudup. .*12 1876 B j Walden. ......6, 012
G. L Robinson s, 483 John Allen. 8
W Phillips. 6, 483 Jordan Stokes. l
G. 81 Glass. IL, 495l D Cooke, Jr....
Jno A Fite. IL, 496I z L Caruthers.. 2
Thos Waters. II, 490IA B Martini.
OF the gentlemen on Gen. Maney's
ticket, Messrs. McLain, Crudup, Robin
son and Phillips are from Wilson county;
Messrs. Glass, Fite and Waters from Smith
county, and the balance from Davidson
county.
SMITH COUNTY.
In closing this report it is proper to re-
mark that no vote was cast for the Smith
county stock, for these reasons Last JAN
uary, a year ago, the County Court of
Smith county appointed Col W. W. Ward
as a proxy to cast the vote of that county
at the election for Directors of the Ten
nessee and Pacific Railroad, and at the
same term of the court, David h. Camp
bell was appointed alternate proxy. At
the meeting of the Smith County Court
last January, no action was taken by the
court in regard to proxies.
Col. Ward has been very unwell tor some
time and was consequently unable to at
tend the election yesterday, but Mr.. Camp
bell, the alternate, was present. Mr.. CAMP
bell stated yesterday, while the vote was
being taken for Directors, that since the
meeting of the Smith County Court in JAN
uary, 1870, no action had been taken by
that court, and that he felt little delicacy
in regard to casting the vote of the county.
He stated, however, that his vote on phi
waite stock had been cast for the same men
that Davidson county voted for, (the
present management and that II he had
cast the vote of Smith county, it would
have been for the same ticket as that voted
for by the Davidson County Commission
ers. Nevertheless, upon consultation with
the representatives from Smith county,
Col. Thomas Waters and G.. g. Glass,
Esq, in order to obviate any unpleasant
feeling that may arise, it had been deter m
ined not to cast the vote of Smith county
at this election. He, however, stated, and
his statement was corroborated by Col.
Waters, that 50 far az he was aware the
Smith county stockholders were in favor
of the present management of the Tennes-
see and Pacific Railroad, and would IN
doubtedly have directed their proxies to
vote to sustain that management; and also
that no action has been taken by the Smith
County Court at any time, resembling its
action at the January term, 1870. The
Judges decided that Mr.. Campbell was le-
gally entitled to cast the vote for Smith
county, if he SO desired, but he declined to
vote.
Thus it appears that six thousand votes
of Smith county, which would have been
cast for the President of the Tennessee
and Pacific Railroad, were not voted at all,
and that the majority vote was obtained
from the votes cast by the Davidson and
Wilson county proxies, and by private
stockholders.
On motion of Gen. Nancy the meeting
adjourned till March rs, 1872.