Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-07-19
EDGEFIELD AND KENTUCKY
RAILROAD.

Davidson County Railroad Com
InfsstOners.
The Directors of the Edge6eld and Ken
lucky railroad met yesterday morning in
the parlor of Linck's hotel, President
Washington in the chair. A msjority of
the Davidson County Railroad Commits
sioners were also present.
Col. Washington said he had previously
called two meetings of the stockholders,
that they might have an opportunity of
expressing thsir opinions on the question.
The county of Davidson represented at
that time By several parties, was not pre-
pared to decide what the county stock
holders would do. At a meeting of the
stockholders it was voted almost unanim-
ously to form new company. Col. Wash
ington further said that be had deemed it
his duty to call the Directors together in
advance of the regular meeting. Among
other objects, the meeting was called to
consult with the Commissioners in regard
to what should be done.
DR.. Menees said that at meeting of the
stockholders a committee had been ap-
pointed to make application to the Chan
Gerry Court for new charter. That COM
mittee had not met. The Doctor further
said that he would throw out as a sugges-
ton, whether if the States debt of $780,
600 was to be met, there shonld not be
that amount of stock represented instead
of $3.50, 600.
Col. Cheatham seid that, on the part Of
the people of Robertson county, a lively
interest was manifested in the road. He
had larger stock interest in the road than
probably any other man, and the policy
had always been to run the road in the in
terest of Nashville and Davidson county.
He wanted no high position upon this
road. He was glad the county of David
son had taken 100000 stock, and they
had power to control the road as they
might desire. Upon q basis of 5000, 900
this road could be made Tennessee road
Il was not long until the Greensboro road
would be built, and if the Eigefeld road
directors would stand shoulder to shoulder
they would control the Greensboro road.
But if not, the Owensbero road would run
to Russelville, thence to Franklin and on
to Murfreesboro. Thus they would go
around Nashville. If we present evidence
to the Greensboro road that we have
good basis in Tennessee in the Edgefeld
and Kentucky road, we can secure coEnec-
spoke of the advantages that would result
from the building of the Owensboro road
In answer TO a question by Esquire
Meacham, Col. Cheatham said tnat he was
not in favor of q single new stakeholder
coming in, if the old stockholders could
buy it. He was also opposed to any man
who was not a Tennesseean having any
stock in the road.
Col Washington said that it had been
intimated that he had gone to New York to
form a ring to purchase the road. The
man who charged him with any such thing
was dastardly villain. 1t was hard mat
ter to have it intimsted that he bad been
actuate by bad faith.
Esquire Meacham said of course it was
not very pleasant for man to hear insinu-
atoms made against him, but his observa-
tions had been TO the effect that any good
man in q public station would always meet
mole or less criticism. If his conduct was
not criticised, it was generally the case
that the man was not of much account.
He thought Col Washington good man
for his place, and so far as the Commits
sioners were concerned, they desired that
Col Washington should retain his position
es President Esquire Meacham said he
could not understand the drift of Col.
Oheatham's remarks, as the Colonel had
said be was opposed to any new stock
holders coming in, but nevertheless wished
the stock increased from $50, 600 to 900,-
600. Esquire Meachsm said he did not
see how q new subscriber to stock could
come in OF the same footing as old sub
scIibers, who had heretofore invested
money in stock. 1t was easy enough 10
raise money to buy the road. The David
son County Court wanted every stock
holder TO renew his stock.
Judge Wbitworth said he was present at
the last meeting Of the County Court to
promote the desire that all seemed 20 have
in regard to the Edgefeld road. The Judge
further said that ne repealed any insinus-
ton or report that Col Washington had
enieavored to form ring. At all the
meetings Of the County Court the feel
ing had been that every single stakeholder
should come in and renew their stock
There was due by the Evansville, Hender-
son and Nashville railroad $780, 900, to the
purchaser Of the Edgefeld road, and he
understood that the Evansville, Hen
derson and Nashville Railroad Com
pany vas bound for that amount
in State bonds. They had hereto
fore paid the interest on these bonds, and
there were funds now deposited in bank
in this city to pay the interest due on these
bonds, but the interest had not been paid
because it was understood that the Comp
troller had said he did not know whether
the interest would 60 to the State or the
new company to be formed 20 purchase
the Edgefeld and Kentucky Railroad. II
these 5000, 900 bonds were not valuable,
the interest on them certainly would not
be paid. If the Edgefeld and Kentucky
Railroad was given to Col. Washington to-
morrow be would run it, and he would run
it successfully The Judge further dis
cussed the advantages that would accrue
from the purchase of the road
Judge Demoss said he did not see what
good it would do to increase the stock TO
5000, 900.
Judge Whitworth said he would suggest
that a committee be appointed to see about
the 5000, 600 owed by the Evansville, Hen
derson and Nashville Railroad.
On motion, the following named gentle
men were appointed by the President as a
committee to obtain Information as to the
| $3.50, 600 in State bonds owed by the Hen
derson road Messr5. Stark, Cbildress and
| Gleaves.
Gu motion of DR.. Menees, the meeting
adjourned ill P NJ.
Evening Session.
The Directors and Commissioners re-
assembled at 3 p. NJ The committee re-
ported that on The 1st of January, 1868, j.
L Boyle, President of the Elgefield, Hen
derson and Nashville Railroad gave his
bond for 100000, and agreed to pay the
same 10 the State thirty years after date,
| 10 be used for the construction Of the
| Edgefield, Henderson and Nashville Rail-
road, being an extension of the Edgeieid
and Kentucky Railroad in the direction OF
the coal fields; and to pay the interest as
provided by the act passed Dec Z, 1861.
| The committee further reported that from
The intormrtion before them, the act OF the
Legislature was complied with, and that
the claim was a valid enc.
Ca motion of DR.. Menees, the report Of
the committee was received, but no action
WAS taken on the report as ii was under,
stood that it was presented only for the
information of the meeting.
DIR. Menees stated that at a meeting Of
the Stock holders of the Edgeield and Ken
tucky Railroad committee had been ap-
pointed consisting Of George A. Washing
ton. Thomas Menees, j. @. Stark, J. Il
Damn and Ed. Baxter, to secure chartel
for the new company, and to settle the de.
l., ra1 Cor