Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-10-29

nraassn1 of the R1recfors-ElecSkOu o.

MeetkDe Of the DzEecfors-Etecston. OF
a New Board.
The Board of Directors of the Tennes-
see Manufacturing Company held meet
ing yesterday. 1e
The meeting was called to order at
twelve O'Clock, Mr.. j. Wheless in the
chair. ~ ss s.,a 81 sa -ini
The reading of the report of the Presi-
dent being in order, Mr.. S. D. Morgan pre-
sented very elaborate report of the man
agement of the Company's business for the
year ending the Both of September last.
As the prosperity of this company is mat
ter which interests the business men of the
city, we quote portion of the report. Ell
"You have now in full and complete op-
Grafton mill containing 1920 spindles, and
256 looms, together withial the preparatory
machinery and other necessary appendages
to make it in all respects as complete and
and as perfect mill as any other one of its
size in the country. The buildings are of
the most substantial and durable kind, with
that steadiness and freedom from vibration
so essential to the perfect running of its va
rious heavy machines.
As TO the machinery, it is all that could
be desired, and is certainly capable Of pro
ducing goods of superior quality, and in
quantity proportion to its amount) unsur-
passable by any similar mandatory.
As to the style and quality of its produc-
tons, that has become 90 patent to all as
to render extensive allusion to them unne-
cessary. Suffice it to say, that in every
market they have entered, they have OBJ
tanned the highest stand, as well for their
superiority of fabric as for their style of
finish, as is evinced by the great demand
that has so rapidly arisen for them; and, by
the further fact, that in no single instance
have they ever been put on exhibition in
competition with other similar goods where
| they have not had awarded to them the first
and highest prizes offered.
Onthe first day of November last the
| first bale of cotton was taken into the mill,
and, during the last days of that month,
the first specimen of its woven goods was
produced. Since when, as viii appear
from the Secretary's report, there have
| been produced, of the various styles and
qualities of goods, 1,6S0,055 yards, requir-
ing 1901 bales of cotton, weighing in the
aggregate ia, 1922 pounds-the "waste" re-
sulting being 106,092 pounds, or the equiv
alent of IA S4-1G0 per centage. OF this
waste, the iron ties from the cotton bales
alone have been used in the mill for SINH.
lar purpose in baling its goods, the re-
mainder having been disposed Of TO paper
makers and Others"
The reading of the Presidents report
was followed by that of the Secretary, Mr..
]. Plunkett. This report shows that the
company had used, during a space of ten
| months, 1901 bales of cotton, which cost
H. I'M dofo Y1aftyH
| out of which had been manufactured $780,
055 yards of Nashville sheetiDgs, Panolas,
shirtings and drills at cost of $73 ,O19.75,
or 34-100 cents per yard.
Judge Whitworth presented resolution
| authorizing the board of directors to pur-
sue any plan they deemed proper, for the
purpose of raising a certain amount OF
money which it had been found necessary
| for the prosecution of the business of the
| company.
The resolution was adopted. o.
a resolution was offered by one of the
| stockholders, returning the board OF direc-
| tors vote of thanks for the efficient man
ner in which the business of the company
had been conducted, which resolution pass
ed unanimously.
On motion of Judge Whitworth, a recess
was taken for the purpose of electing new
board of directors for the ensuing year, A
V. S. Lindsey and William A. Glenn being
appointed judges, and NJ. Cheatham and d
NJ. Brown clerks of the election.
As there were nearly three thousand vote;
to be polled, several hours were occupied il
the election, which resulted, finally, in tht
selection of the following named gentle
men:
j. Whitworth, NJ. Burns, W. W. Berry
K. j. Morris, W. E. Evans, r. b. Gard
ner, A. G. Adams, D. F. Carter, Hugh
Douglas.
The board make their own selections fol
President and Secretary.