Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-11-21
NASHVILLE AND DECATUR Rail-
/ ROAD COMPANY.
sixth ANIMAL Meeting.
Election Of Directors, ana Oaleial
Reports.
How the Finances NOW stand.

The sixth annual meeting the stockhold,,
ers of the Nashville aud Decatur railroad
company convened yesterday morning at
tbs company's depot in this city. The
meeting was organized by calling Jno. s.
Claybrooke of Williamson county, to the
chair, and the appointment Of G. w. Seay,
Secretary.
The number of votes represented, was
1880, the following persons being present,
and authQyized to cast them: Geo. Mason,
734, G. W. Seay 791, j. G. Ferris 500, Jno.
7. Ballanfount 293, BIZ. Carter 81, Albert
Buford Il, Jno. McGavock Sc, Jno. Frier-
SOC 81, A. Moore 5, Jno. s. Claybrooke
Sc, VIM. Parke Y, Jesse s. Harris 10.
THE PRESIDENTS REPORT.
The following report being submitted,
was adopted:
NASHVILLE, Tenn, Sept. 80, 1872.-To
the Stockholders of the Nashville and De-
catur Railroad Company: The President
and Directors would respectfully submit
the following as the sixth annual report for
the year ending Sept. 80, 1872:
The road was turned over under the lease
to the Louisville and Nashville Railroad
Company, on the 1st of July last, together
with The rolling stock, Inachiuer ~, movable
property and supplies.
The track, road5ed, ratings, bridges,
buildings and all other fixtures have been
inspected under the auspices of W. f. Fos-
ter, Civil Engineer, upon the part of the
company, and full description of the same
with maps, profles, ETC., is being prepared
and viii be completed at an early day.
The Louisville and Nashville Railroad
Company have reeep pied to you as per date
of the 23i of September, 1872, for the fol-
lowing property, to-wit:
Material and supplies in cash. s. AZ, 479 "a
Rolling stock, machinery and
movable property 10000. 100, S44 %
You are referred to the accompanying re
port Of 6. w. Sesy, Secretary and Treas
urer, for the earnings and expenses for the
nine months ending on the LIST of July, and
also for the financial condition of the com
pany, which should not be regarded as
true exposition of your condition, for the
reason that it does not show the amount
due by you to the United States Govern
ment. When the amount is settled with
the Government it will greatly reduce the
amount of your liabilities and bring them
very near, if not within, the amount agreed
to be assumed and paid by the Louisville
and Nashville Railroad Company, say ST.
10000; and as q basis of settlement has
been agreed upon, it is confidently believed
that a final settlement of all your matters
with the Government will soon be attained.
There are few liabilities of the company
still unadjusted, such as law suits, attOr-
neys' fees, ETC., which are not included in
the list of indebtedness. 1t is expected that
during the next year the greater portion, if
not all Of the outstanding and unsettled
business ofthe company, will be adjusted
and settled. The lessees in taking charge
Of the road have exhibited spirit of fair
ness and liOerality, and have met promptly
and cheerfully every demand made by you
upon them in the extinguishment of your
Indebtedness. =
Respectfully submitted, g