Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1872-11-26

tOWn Into y. C3rOilEi, or OF seek
ing OF any other connection. Th
truth Of the matter is, gentlemen
GenI Malone cannot ba bought
he won't bow at the fee. Of tEes
New York and Philadeiphia gen
tiemen. Hence the secret cf TIL
falling ont with Malone.
He was good enough last yea
to have your road, but to-dav h.
he is "a tyrant" "a sorehead' "a
DICTATOR" and Mr.. Baxter would
have you believe you would be
ruined if he should get it.
Now, a word as to Mahone's
line Of Railroad. BE said he had
had a conversation with director
in this company this morning who
would corroborate him IN what he
was about to say-and he was sure
the chairman would know whether
the statements he was about to
make were true or not, and If not,
could correct them. He said, Gen.
Malone had as good, if not bet
ter line Of Road than anv in tho
South-he had better freight cars
he had better passenger coaches;
and his management generally was
as successful rs any other Railroad
President. He had brought the
line ont Of poverty almost, and
given it character and credit. He
said his cars Of all kinds we're bet
ter than those of this conpaay.-
He said that local freishts-corn,
wheat, hogs, cattle, horses, &c, the
productions Of the country were
carried cheaper than they were on
this line. In a word Gen. Ma
homes policy is in the interest of
the community along the line, to
the development of the resources
Of the country and not in the in
terest of Wall street and specula-
tors. The people Of Southwest
Va. and Eastern Tenn. never built
this line of road from Chattanooga
10 Lynchburg to be run in the in
terest Of Wall street, but for their
own mutual benefit. He appealed
to the cid men who were present if |
his statements were not true, and
said that if Gen. Malone had your
road he would run it for the pur-
poses for which the original pro-
jectors intended it.
He said, that Mr.. Wilson has
stated to you, and challenged US to
show that be had jeopardized the
interests Of anybody, or had failed
to protect the interest of his stock
holders. Mr.. York thought he
had. When he agreed to sell Gen.
Malone 10000 shares, and only
had $3.50 but agreed to get the
other 1850, where did be expect
to get them but from the small
shareholders?-and we know Cbe-
cause the books now show it) that
not only Mr.. Wilson but other of
the Directors have been buying
stock-and we know that they
have bought it at prices under par.
He insisted that Mr.. Wilson's daty
as President, would require him 10
seek no advantage fo- himself over
any other stockhoI3er in the COM
pany, and that he failed to impart
to them information which would
have enabled them to have shared
as large a benefit as he, if they
had chosen to do so.
Mr.. Wilson; If I gas prohibited from dealing
with n1y own af1lrs rs | cSDrse l wOuid resign,
anI wouldn't ne President day.
Mr. ork said, your beIns President docs not
prohibit yOu trJm na1lEin- yCar private attalTs
but DID prohibit YOU from dealing IN the stock Of
the cuwpSny, cy n your CHn stock t. tle prejI-
die Of the sJDc5hgidcrs.
MT. IiS0n: | have never Done i.
Mr.. ! Ork: Well. that is just the difference
between US ana said he had stated what 80 be-
Ncy Ell 20 be tae acts ..:l,i tnsc present could de-
terHne for themselves. lie held up a map,
showing that the gentlemen did not ct one time
regard ten. hahone'g line as a rival iiLe. CTho
map represented the line FROM Chattanooga to
Lyuchburg by y barge red line, with the words
III large letters A HTQRd nInta- kae') and slid,
tI1t they had asked English capitalists 70 buy
their bonds upon the strength OF this map,
Here they are now trying 10 break up a line,
upon the strength Of which they proposed to
negotiate sheir mortgage bonds. or did negotiate
them, he was not prepared to state just how it
W " hrea KING and DESTROYING Tho ~Oungc-
tion at Bristol. At least printed circulars were
distributed in England and along WITH them
this map. II thy Is nGt true the gentlemen can
say. How IS it. Mr. Wilson?
Mr.. Wilson: II any such circulars were put
ont know nothing OF IL.
dr. York Bat can't you say just how L vas
that such circnitrs were published and dis.Fiou-
ted. or that they were not.
mr. Baxter: We do not propose D be re5pon
sible for ali publications. He had seen seyerel
anonymous publications very recently, (aH1 said
something else not uldafst0UIj.
IF. Wilson denied positively that such printed
Circulars had been distributed.
Mr.. Ork: DID yOG ever see this usP2 liI5,I-
ing the map up
Hr. Wilson: If you will ane5rcr mo Nhetac.
you have during the past year bCUgh, any cloth
ing for your baby. will answer your question.
Mr.. York: / certainly viii. ! have. AMI not
only Ior one, but for three, and asked Wilson
ROW 20 answer. $50 did severGi hystluaCrsi
Mr.. Wilson deelinei 10 answer and 4ait some
thing ABOUT dragging MS private matters before
IL meeting.
Mr. York, s7id he would not sly positively
that the circular was distr:huted in England but
he had been Informed that such the case,
aid believed ne could prove u.
lie said he had 2 Word Or two more 20 the
stockholders. Gen. Malone did not want your
line unless he should get It with your consent,
and said that Gen. Mabcre is ready and able 10
do to-day, what Lc proposed % " ilsSn 70 DO n
year ago-that a. gIvr you par for every share OF
stock IN this company. and II the irCsiden. uni
his directory VIII cgl meeting Of al the stock
holders. lt Is true tlis i4 4 regular meeting q
s,cckn0iders, but they are Hct here 10 consider
this pr0p0siliOn). we VIII make II and with their
consent viii purchase and p9y paT for all the
st0ck-treating every shareholder alike
Mr. Baxter: Ii y1u have any proposition TO
maze. make i. III sell you my stock.
Mr.. OTk: We are not hero 10 my small iOts
OF stock; but We will buy ali Or majority ofth
stock and pay par for IL, ard tiis is not al we
want with your stock we want your good viii.
Il these shareholders were % ask him whether
they ought 20 sell their STOCK or not. he would
answer them not ID sell. bat 10 hold on 20 their
stock. But If you waEt 10 sell We Will tahe 1t
and pay par fsr i AMI thought that The stock
holders Ougit 20 ucHttIId Of the President end
ms directory 10 eaii the stockholders together
AMI let them consider the proposition.
kir. In0nburg said re was authorized % otcr
The Zeu-l -lerHan 800 saITsE ~ par.
Mr. HcIsEet said add 800 10 il and We viii
take e..
Mr. Thornburz saii b Mr York You say you
Will give par for all the stock and you want
our gooi Will" What viii you give US for our
good win ?
Mr.. York replied: We viii give you par for
your stock end for your good will We viii give