Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-07-09

German gentlemen who spoke very highly
of these bonds.
Justice Ma&ey offered the following reso-
luton, which was adopted!
"Whereas, it is alleged that Winslow and
Wilson have purchased of the American
Contract Company the Edgefeld and Ken
lucky Railroad, and hare applied for an eX-
tension of time for the payment of the bo-
nus to which the county and It's associates
are entitled; it is therefore,
Resolved, that the Railroad Commission
ers be and are hereby authorized to
make such contract with Winslow and
Wilson in regard to the county's interest in
the subject matter and claim against the
said American Contract Company or said
Edgefeld and Kentucky Railroad, as may
be deemed safe and proper and not waving
or surrendering any lien that The county
and its associates have upon TIE road, its
property, etc. But any contract that may
be made shall be submitted to this court for
adoption or rejection, and shall not be
binding Oh the county until ratified and APP
proved by the court. This resolution is not
intended and shall not be taken as an ex-
tension Of time, for the payment Of the
bonus aforesaid"
RIGHTLY REWARDED.
That part Of the Railroad Commission
ers's report recommending that the sum of
1928 6S, the county's portion of assessed in
terest from the pOstpOnemeDt of certain
payments in the purchase of the Edgefield
and Kentucky Railroad, be paid to Maj. j.
D. Lockhart for his valuable services to the
county in the sale of this road, was con-
CURED in by vote of 50 to a, Justices
Alternately, Harvey Campbell, Graves and
Gray voting in the negative.
The associates of the county readily con-
sented to allow Maj. Lockhart their part.
REPORT OF COUNTY RAILROAD COMMIs-
sIoNERs.
E. H. Childress, Secretary and Treasurer
of the County Railroad Commissioners,
presented their report, which showed that
in pursuance of an order of the court at its
April term, they had received and receipted
for thirty-six bonds, of 600 each, of the
State Of Tennessee, the price paid by the
Nashville and Chattanooga Railroad Com
pany for the county's interest in the Nash
vile and Northwestern Railroad Company.
The funds have been deposited In the
Fourth National Bank of Nashville.
In connection with the couniy's stock in
the Louisville and Nashville Railroad, the
taz receipt fund, February, dividend, etc,
amount to S9,5S5.16, from which, deducting
all expenses, tax receipt fund, coupons
taken up, etc, the balance is So 936.49.
They had received on the first payment fer
the Edgeield and Kentucky Railroad by
the American Contract Company ST., 439,
from which is to be taken S45, 600, paid the
County Trustee S24, 102.S6; paid
co-purchasers $3.50, and paid for the
Northwestern bonds at 90 cents, leaving
balance of Sl,S26.12. The amount due the
county from the purchase Of the Edgefield
and Kentucky railroad by Winslow & VIII
son, estimating the cash value of the bonds
at 74a cents, is $143,q29.90, of which
amount 81, S43 is the 6 per cent interest due
July 6, 1872, and s. ,464.SS the 8 per cent
interest due January Q, 1873. From this
amount is to be taken that due the copur-
chaseFs, interest account, ETC., amounting to
$3l, S85 80.
The amount paid in by the co-purchasers
is sc, 361.13; pro rata interest S9lS,60;
amount due 81 ,2S1.74. In accordance
with a resolution passed by the court at its
January term, authorizing the Secretary
and Treasurer Of the Railroad Commission
ers to pay the holders of tax receipts upon
the Louisville and Nashville Railroad, he
payments Of $4S7,54. The entire
report wa received and filed.
The resolution of Justice Wade, presented
last week, that the money realized by sale
of the State bonds by the finance committee
be paid over to the Trustee, and he be au-
thorized to appropriate the same to the pay
meDJ of county warrants when presented,
was voted on aud lost by 81 to IL. The
court ruled that it was lost, for want of
majority, because it was a
question of appropriation. From this JUS
tice Maxey appealed. The court adjourned
TO meet to-day at ten O'Clock.