The Hickman courier., 1871-05-13


of earnings of same aud how and fol
tain upon what terms the Company car
acquire the State interest in same aud a,
to what would be the most feasible aDc
practicable method of raising the mean.
to SO redeem the States interest.
1 Col. Gardner then said that he wa.
aware of the difficulties under which the
present meeting labored. No one pos
sessed all the information desirable, bu
owing to the position held by him he was
| perhaps, in possession of as much infor
nation as any other man. He would
give partially, and only partially, some
information and figures in regard to ths
road, any assurance that the sction of thu
i Chancery Court would not be taken be
fore all these matters could be arranged
Judge Glenn asked if any certain time
had been fixed by the solicitors for th'
State within which the compromise mus
be accepted
Col. Gardner remarked that there has
not
/ Judge KiDgman, of Hickman, said tha
he had learned that In all probabilit,
Chancellor East would not press the mat
ter, but he desired that the next meeting
of the stockholders should be held in
June. He would do this to meet any
emergency that might possibly arise. He
then offered the following amendment t.
Mr.. Tyler's resolution
THAT this committee report on the
first Thursday in June next to the ad
jourued meeting of the stockholders at
this place
And that the chairman appoint spe-
cial committee of three to confer with
the State Commissioners aud Solicitors
of the State to see if they would not
modify the proposition heretofore made
in regard to selling this road and report
at next meeting"
Gen. Nancy thought it best that the
meeting should be called by the Presi-
dent. He then remarked that be had an
opinion, but one which he did not wish to
guide the Commissioners, that if proof
were taken as to the value of the North
western Railroad that the price of 81, ,500,-
900, with the conditions proposed by the
solicitors for the State. would Instantly
be rejected by any capitalist who had
money to buy He thought discreet
committee, upon a fair presentation of
the merits of the case, could obtain bet
ter terms from the counsel for the State.
The questions before the meeting were
discussed at some length, various opin
ions being offered as to the best time for
holding the next meeting, after which
Judge Kingmans amendment, given
above, was adopted.
Z T5,., &c I'll.
fled by Judge Kingman's amendment,
was then unanimously adopted. Ac-
! cording to the amendment the time for
holding the next meeting viii be the first
| Thursday in June.
On motion of Mayor McNairy, Judge
Glenn was appointed Chairman of the
Committee to confer with the solicitors
for the State. The balance of the Com
mittee was appointed by the char, also
the other committee, and these commit
tees are as follows:
TO C5nfer lcith the Soliftors-J udgs
W A. Glenn, Isaac Paul. Alex. j,
Under Mr.. Tyler's Resolution-Mes-
srs. III a. Tyler, Ed d. Hicks and Felix
Demoville.
T.. NJ DuIuS udu4C WAS uESI DEODOcGQ
on the last committee, but MIR. Burns
stated that other pressing engagements
would make it imperatively necessary for
him to decline. He, however, said that
he would act as volunteer aud reader
the committee any assistance in his
power. HE
Judge Kingman then said he had a
resolution which, if adopted, would af-
ford to all the Stockholders great
amount of information.
He then offered the following:
Resolved, That our agent, Col. John
a. Gardner, be requested to make to the
stock holders detailed report of all the
earnings aud expenditures of the Nash
vile aud Northwestern railroad. under
the present lease to the Nashville and
Chattanooga Railroad Company, and that
said report embody, in detail, the follow
ing propositions
What amount of money has been ex
pended in cross ties, to whom and when,
the number, and cost Of each2
What amount of timber has been fur
nished for bridges and trestles, by whom,
when. and at what place and at what
price per foot?
What atamount of iron, spikes and chairs
have been purchased. and at what price.
when and from whom2 sA a@
How many engines we have, their
condition, and what extra ordinary re
pairs have been pat on same-showing
each engine by number or name. on
which this expense was incurred, and
the time done, and the amount of Incl
dental cost of repairs on same, and when
done?
How many cars we have, of all kinds;
their order. condition aud classification,
and what repairs have been made on
same, and the cost; and if any new cars
have been bought or built. from whom,
where, and at what price,
What officers are employed in opera
ting the road, where and what duties,
and at what salaries1 z q
What employees, giving classification,
numbers, where and how long employ
ed. and at what cost per day or month,
and the aggregate cost?
What rolling stock has been rented or
hired, and at what price per month or
day, aud the condition of such stock at
the time rented?
What amount of fuel bought, when,
where and at what price
What amount has been expended for
depots, platforms, ETC., when, where and
at what price?
What amount has been received for
passage and freight, separately, each
month
What loss or profit has accrued in run
ming daily train to Memphis2
What Determinations have been made
in freight upon the road, when and at
what points, and the amount of same,
and Why done?
What have been the losses In rolling