Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-11-22

Yesterday the commissioners for the sale
of the States interest in the delinquent
railroads, held their second days session of
the present meeting at the Capitol, conven-
ing az 10 O'Clock in the morning. They i'm
mediately proceeded 10 business, which
was principally the following:
John NJ. Bass ct ais, purchasers of the
Nashville and Northwestern railroad trans
farred their purchase, with all the rights,
privileges, franchises, etc, appertaining
theTeunto to the Nashville and Chattanoo-
ga Railroad Company, which transfer the
Commissioners agreed to approve, thereby
avoiding any question as to the delegated
authority or right one corporation has to
buy out another.
The Governors report relative to various
roads was as follows, it being accepted and
ordered fled on the records:
NASHVILLE, Nov. 20, 1S72.-To the
commissioners for the sale of delinquent
railroads in the State of Tennessee. 1t be-
comes my duty to report that the following
purchasers of delinquent railroads hereto
fore sold have failed to pay installments
due as follows, TO wit" (Here the roads
spoken of in our report were referred to-
"Tbe Knoxville and Charleston Railroad
purchasers have failed to execute bond, al
though duly notified. The purchasers of
the Memphis, GAINESVILLE and Louisville
Railroad, aud the purchasers of the Rogers
vile and Jefferson Railroad, have paid in
full the entire amount of their purchase.
The purchasers of the Edgefeld and Ken
lucky, ths Cincinnati, Cumberland Gap
and the Knoxville and Kentucky, have paid
their second installment promptly, the lat
ter has overpaid $50, 500, on the second in
stallment, which is a credit on the last in
sts!lment. The purchasers of the Tennes-
see and Pacific Railroad, have paid their
first and second payments, and executed
approved bond for the residue. Respect
fully submitted, JOHN G. BROWN,
GOVERNOR.
Il was shown as published in yes
terday's UNION AND AMERICAN, that the
purchasers of the McMinnvile and Chatta-
nooga, and the purchasers of the Winches
ter and Alabama roads had failed to pay
the respective installments of $4,000 on
each road, due from the first August Is,
1872, and from the latter September 81,
1872, and that the bonds for the payment
of the 100000 installment past due on the
purchase Of the Nashville and Northwest
ern Railroad are now in transit and would
soon be here.
The Commissioners resolved to sell tho
two first named roads within forty days,
that the first payment of $4,000 from each
be declared forfeited, that notice thereof
be given the purchasers, granting that
the purchasers, if in the mean
time pay all costs, advertisements, Incl
dental expenses and comply with payment
as per contract of sale and execute ap-
proved security for payment of future in
stailments as required by law, then said
payments made shall not De held forfeited.
ATTORNEY FEES.
The commissioners resolved that they do
recommend that Messrs. Ewing, Cooper q
Reese, the counsel retained for The sale of
delinquent railroads, be allowed SIS, 900 for
their past services and for such services as
they may hereafter be called on to render
in settling up the same, and that the Chan
Gerry Court be requested to make the allow
ance.
The attorneys for the State of Tennessee
were ordered to draw Il final decree for the
Rogersvlle aud Jefferson Railroad, the pur-
chasers for said road having fully paid I'D
in accordance with The law. Adjourned
sine die.