The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1872-11-28

l 11DSS ana udulttSs OsDElst4
Station expenses. ..--...... 23,32S.44
General expenses. ........... 21,958.53
Miscellaneous expenses ...... I8,S35'25
The report was received.
PRESIDENTS REPORT.
J. W. Sloss, President of the road,
submitted his annual report, which
is as follows:
To the Stockholders of the Nash
vile and Decatur Railroad Com
pany:
The President and Directors would
respectfully submit the following as
the sixth annual report for the year
ending September 80, 1872:
The road was turned over under
the lease to the Louisville and Nash
vile Railroad Company, on the first
of July last, together with the roll
ing stock, machinery, movable pro
perty and supplies.
The track, road-bed, railing.
bridges, buildings and all other fix
lures have been inspected, under the
auspices of w. F. Foster, civil engi-
neer, upon the part OF this company,
and a full description of the same
with maps, profIes, ETC., is being
prepared and will be completed at an
early day.
The Louisville and Nashville Rail
road Company have receipted to
you as per date of September %,
1872, for the following property,
to-wit: Material and supplies in
cash, $45,47934; rolling stock,
machinery, and movable property,
$I9O,84423. You are referred to
the accompanying report of G. W.
Seay, Secretary and Treasurer, for
the earnings and expenses for the
nine months ending on the 1st Of
July, and also for the financial con
dition of the company, which should
rot be regarded as a true exposition
Of your condition, for the reason
that it does not show the true
amount due by you to the United
States Government. When this
amount is settled with the Govern
ment 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 $2,450,000,
and as a 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 ere a
few liabilities of the company still
uuadjusted, such as law suits, at
torneys' fees, etc, which are not in
cluded in the list of Indebtedness
1t is expected that during the next
year the greater portion, if not all of
the outstanding and unsettled bust
ness of the company will be adjusted
and settled.
The lessees, in taking charge of
the road, have exhibited a spirit OF
fairness and liberality, and have
met promptly and cheerfully every
demand made by you upon them il
the extinguishment of your indebt-
edness. Respectfully submitted
j. W. SLoss Pres't.
ELECTION OF DIRECTORS.
The stockholders then proceeded |
to the election of a Board of Direc-
tors. The chairman appointed the
following gentlemen to conduct the |
election:
Committee on Proxies, J. T. Tan
ner, George Mason, John Frierson.
Judges of election, B. f. Carter,
Albert Buford, John Ballanfant.
Clerks of election ". r. Pryor,
Il. 2. Brown.
The following gentlemen having
received the highest number of votes /
were declared elected Directors for /
the ensuing year;
J. w. Sloss, VIM. NJ. Duncan, !
Henry Cooper, John McGavock, |
John s. Claybrook, d. b. CHfe, /
John Frierson, John Ballanfant, /
Tho. NJ. Jones, Albert Buford, B. f. /
Carter, John C. Brown, Johu T. Tan
uer, Geo. S. Houston and VIM. Z. |
Murphy.
Davidson County was represented /
10y Justice Childress and Dortch and /
Judge John c. Ferriss, who cast the /
vote which the county is entitled to.
There were orly two changes /
made in the Board of Directors, and f
those were the election of VIM. NJ. /
Duncan in the place Of NJ. G. L.
Claiborne, and D. B. CIfe Instead /
OWN. OK. Perkins.
The meeting then adjourned to
the next annual meeting.
Mai. II. J. Wicks has resiunef 4