Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-03-29

IN au-. oOf s0oA 10
The road is responsible for this amount,
which, considering for example the e01n-
t7 of Wilson and Davidson and q private
subscription absorbed or lost, viii make
the twenty nine miles Of road to Lebanon
cost per mile $42, 490.O5; but valued as it
ought to be, the whole amount consumed,
and it makes the sum Of 81, s67, 3Sl.4S, or
$50. ga. 10 per mile 1t is clear that the
building of the road has cost $50, 944- 10,
and must be paid before any stakeholder
can look for a dividend. 80 +.
Col. Golladsy further stated that there
were only 1914 in cash available, and a
contingent sum of $500, coo Of State bonds,
worth less than 81 cents on the dollar. He
then went on to state that the Presidents
report was ingeniously manipulated.
Col. Golladay next addressed the meet
ing in regard to the charge that he Cola
day. was = carpet Dagger, eadet-seller,
etc., and denied the insinuatiOns.
In the course Of his remarks Col. Cola
day said that more than three years ago,
and before the President had been con-
nected with the road, there had been
consultation of the stockholders, and he
(Col. GoIladay) had been invited here to
take charge Of the road. This offer, for
reasons satisfactory to himself, Col Cola
day declined He was afterwards invited
the second time to take charge of the di-
rectory, and thinking there was no DIFF
fculty about the road, he had accepted the
invitation, and Immediately the sewer Of
malice and detraction had been turned
upon him. It was of that be CON-
planned. He did not want the presidency
Of the road. Thank God, said he. 81
am independent of you and your road.
Your road needs what have got Tclaupino
his hand on his forehead more than need
what you have got; [clapping his hand on
his pocket more than l need what she
pays for officers. / am not q psuper, a
beggar or On aims seeker; ask no mercy
of you"
Motion was made to print Col Cola
days review, but no action was taken, as
several other motions rapidly succeeded
each other.
Gen. Nancy replied to Col. GolIadsy's
charges, stating that railroad men were
eminently practical men. He had made
his report, and his figures would show for
themselves. He stated however that he
believed Col Golladay's deductions to be
erroneous, az he would prove at the pro-
per time. As for the State bonds. Gen.
Nancy said sthat he believed other roads
were combining against him, aad he was
under the necessity of taking some action,
on the simple ground Of self pTsservstoB,
as acting for the interests of the company.
This question was debated at considerable
length, but Is q committee was appointed
to settle the matter, it is unnecessary to
detail sll the speeches that were made, as
il was stated at the meeting yesterday,
that probably all the stockholders present
had already made up their minds in re-
gard to this matter, and that arguing the
question for whole day would not make
it any palmer.
After two or three hours spent in long
speeches and arguments of various kinds, on
motion of Rev. DR.. Kelley the whole matter
of difference was referred to a committee
consisting of Rev. DR.. Kelley, Squire
Dortch, Daniel Campbell, Robert Cantren
and William A. Glesves, representing
stockholders from Davidson, Wilson and
Smith counties, with authority to examine
the report Of President Nancy, the analysis
of that report by Col. Golladay, and report
the result of their investigation to the
meeting. The motion to refer this matter
of difference to the above named commit
tee was unanimously carried, the commit
tee retired, and short recess was taken.
As it appeared that the committee would
be unable to report early, the meeting adj
iourned till ten O'Clock this morning.