Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-02-09


This is the account as appears on the
books of the company, and which the COM
pany considered as correct, regarding the
holders of tax receipts for taxes appropri-
ated to the payment of the principal of the
bonds ss entitled to the stock, interest
and dividends. W. RAMSEY,
Superintendent
After reading the above, Squire Wands
stated that when he left Louisville he
thought the proposition of the Louisville
and Nashville Railroad a good one, but
when he got to Nashville he found that q
law had been passed by the Tennessee
Legislature which forestalled all this
Squire Wands then read, from the Acts of
1S69-7O, an act entitled can act for the
benefit of taxpayers of Davidson county, "
which provides, among other things, that
sll persons holding taxrsceipts for taxespaid
to liquidate interest or sinking fund levied
for the bonds issued to the Louisville and
Nashville Railroad Company, and which
have not heretofore been taken up, shall
be required to file their receipts With the
Commissioner appointed by the County
Court; that the Commissioner shall make
out q statement of all receipts which have
been filed, and return the same to the
County Judge, who shall at once ascertain
what amount in stock, and stock and cash
dividends, is due, and proceed to divide
the same pro rata. .-...
The Squire proceeded with bis remarks,
and said that this law was either taking
money from the people or from this
County Court. This law was intended to
carry out objects best known to those who
- n, -
names, but the Court could draw its own
inferences This law, to which he had re-
ferred, had forestalled the county in
getting what was justly due the
county The Squire further remarked
that he had worked industriously to
present full account of this matter, and
he was determined, as the representative
of Davidson county, that she should have
her rights. He had made these remarks
because he thought the occasion demanded
them; but he did not want to offend any
body; he did not want to ring in any,
thing personal into the matter; but if the
shoe fitted any one he did not object to b 5
putting it on.
SQUIRE Wands stated in conclusion, that
as the law had already been enacted, he
desired to have it extensively published,
and therefore offered the following pre-
amble and resolution:
Whereas, The time set by law for the
filing of all outstanding Louisville and
Nashville railroad tax receipts, is so short;
and whereas, it is believed that there are q
great many of our citizens who are not
aware of the existence of such laws as are
now in force on pages 12S, 129, acts of
1S69-70.
Be it resolved, That the Clerk of this
Court have printed, in handful form, 500
copies of the law, as coon as possible, and
furnish the same to each magistrate, and
that the several magistrates be requested
to post them in conspicuous places Id their
respective districts. The above resolution
was unanimously adopted.
Judge Whitwortb then made . very
lengthy speech in reply to Squire Wsnds.
In the course of his remarks he said that
he had given Squire Wands letter to the
railroad men at Louisville, He could not
possibly understand why the insinuation
was made that the law passed by the Ten
nessee Legislature in the session OF 1869
20, to which Squire Wands had referred,
was passed in the interest of any one con-
nected with the Louisville and Nashville
Railroad Company or any one In this city,
though he was director in the road him
self. He further remarked that he drafted
the law referred to, after consultation with
the county authorities. he had it drafted
for purpose, but not the one to which
SQUIRE Wands had referred. He had con-
suited with Judge Glenn as to everythiDg
that was done, and had shown the bill to
him before he presented it to Mr.. Rhea,
the Representative IN the Legislature. He
also told every man he met that the inter
ests of this county ought to be preserved,
and he had the law published. He sup
posed the insinustion was that he (Judge
Whitworth) or somebody connected with
him. was in some way to be made the re-
cipients of any benefit that might be de-
rived from it. He would only say that he
had only about $3.50 in receipts.
SQUIRE Wands said, Il didn't make any
personal accusations"
Judge Whitworth further remarked that
he was sorry this matter had come up in
the shape it had. He had no doubt that
the paper read by Squire Wands was cor
rect. as he saw Mr.. Ranney's name attached
to it. But this was no report of the com
mittee.
SQUIRE Wands-It is only statement.
Judge Whitworth continued by stating