The home journal. (Winchester, Tenn.) 1858-188?, 1871-08-24

( mote their own interest. and that | might
do likewise, and whether ] made anything
by the transaction was a matter In which
Inlone was concerned. With this view, |
took steps to purchase. with the purpose,
as expressed to the Railroad Commits
sioners at the time | made the proposition
to purchase. and to my solicitors aud 9TH
ers, of sharing with the stockholders--dH
Of Mem-whaleyer of profit might result.
Ny purpose and intention was, should |
secure the road. to offer it to the stock
holders OF the Nashville & Chattanooga
Railroad Company at the price | paid nm
less Il profit should have been offered. in
which event. that the Nashville X Chatta-
nooga Railroad Company should have the
preference. intended to give this Com
pany the preference because | knew that
it would accept the property, If ut all, witt
the determination to push through to and
beyond Guntersyillc. Ala, the line of road
originally contemplated by the projectors
of the Winchester d Alabama Railroad.
and that should it fall into other hands it
would never he more than Il branch road
extending, at most. from the Nashville 4
Chattanooga to the Memphis q Charleston
Railroad. anuat these tcrmini the shipper
over this road would be subject to the
Wins and capricGs Of others as to the Sc
lection Of Il market.
But the case has been determined, and
so far as | am concerned | Ito not propose
to disturb the decree unless others shall
attempt TO do so. Chancellor Demoss has
decrccd that Wright d Co. have the ~
elusive right to purchase the road until
9Th September next, but that they pur-
chase and hold the property in trust Jor at
the stOc&h0'6erS. undcr this decision the
property belongs to the stockholders. and
i. subject to their control. MesSrs. Wright
q Co.. ifthcy purchase, are mere trustees,
holding the title to the property, and a
lien upon it, for whatever amount they
may expend in its purchase.
And now comes 4 most singular fact in
the history of this controversy, and one to
which | call special attention. While
Wright & Co.. or thrir friends, are indus
t~riously circulating through the counties
Of Lincoln and Franklin charges OF the
grarcst character against me. that | am
attempting to steal a railroads. attempt
ing to take this property away from the
stockholders, and Use it to their dctrimcnt
and Acknowledgements that W. \. Wright
Il Co. are the peculiar champions and rep
resCntatives Of the stockholders and pCO-
pie of these counties, lool ing after their
interests, securing their Nights. and guar
antceing the Southern connection in
which all feel so much intcresI-wlat. in
point q. tdct, has been done?
During Tie investigation of the cause in
the ChanccryC Court. Wright 4 Go. asserted
most positively t.rolGh come OF tllcir
members, in open Court, that only such Of
the stockholders ~ then belonged to the
firm could or would be permitted to partic-
ipate with them In the profits.
Aud, when Chancellor Dcmoas decree,
that Wright u Co" If lhcy pUrchas the
property, do 50 d trustees for all the
stockholders. the most vehement efforts are
made by them and .heir solicitors to in
duce him to change his mind. Failing in
this. they except 10 Ai- decree il his lor-
tjcuiar. and file Il lin prescriptions prep&r-
atory 10 taking the ease upon that point 70
the Supreme Court. should they desire.
Ir,.,, tIf. ,,,N.,, Ca, ,.,,,,,n,t