Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-07-03

enco 10 Ine deferred payments due or owing
the State; and the said Winslow and VIII
son further agree to draw their draft for the
value OF the bonds that the county may be
entitled to of the bonds aforesaid, estima-
ting the bonds at TAI cents cure ncy in the
dollar on the ST. Louis and Southeastern
Railway Company, payable on the 9th of
January, 1873, with interest at the rate of
eight per cent. per annum, and to be by
said railway company accepted, and placs
the bond with the Secretary and Treasurer
of the Railroad Commissioners of
DavidsIn county, to be held as collate-
raj security for the payment of the bonds
aforesaid that the county may be entitled
to, which drafts when paid shall be in full
satisfaction of the said bonds that the
county may be entitled; provided, said
drafts shall be promptly paid and, provided,
the county will not call for said bonds until
the 9th of January, 1873. If said drafts
should not be promptly paid at maturity,
then the county may call for the entire
bonds according to the terms of the con-
tract with the American Contract Company.
1t is further agreed that in no event shall
the lien of the county for the consideration
money be waived or surrendered until the
States debt against the county's debt
against the American Contract Company.
shall be void, and the said Winslow 81
Wilson are anxious to take the shoes of the
American Contrac5 Company in The matter
of the purchase of the Edgefeld and Ken
lucky Railroad and to assume and make
good all of its promises in the contract of
purchase and to have the American Con-
tract Company released and the county
commissioners think the county ought to
consent to 1t, provided the county can be
made entirely safe in doing so, and shall
stand in the same plight and condition of
safety that it now does in reference to the
same; and Winslow 81 Wilson agree TO
settle with cOuntry's associates separately,
and the county commissioners are willing
that they may do so.
Mr.. Demoss stated that the above was
merely an outline for the contract made by
the Railroad Commissioners, subject to the
action of the county. He wanted its con-
sideration by the court postponed until the
18th instant in order to see, in the mean
time, what contract existed between the
American Contract Company and the
Southern Railway Company, its charter
and the deed to the Edgefeld and Kentucky
Railroad. Mr. Demrss explained the
beauty and effects of the contract, stating
that the $4,000 bonds were to indemnify
ready pending, one of which, in the Chan
Gerry Court, he had recently defeated, and
the other, in the Federal Court, he had de-
INJURED to and thought would also defeat
The county had agreed to secure the pur-
chasers against suits for cause existing al
time of the sale, and it, he thought, would
be better to give the security bond, and use
the bonds instead of letting them lay idle
Winslow & Wilson had agreed to estimate
the bonds at 74a per cent currency in the
dollar and would draw their draft on the
Southern Railway Company to be accepted
by said company. Gen. Winslow had
power, he understood, to draw the draft for
the amount and il would be accepted by
this company when forwarded. La aletter
from him to gentleman in this city he IN
derstood the draft had been accepted. He
desired, before drawing the contract finally
to see the character of this company and
ascertain what was their responsibility. If
the county obtained the one hundred bonds
we would have that much paid, whether
more or not was ever received. This COM
pany wanted to take the shoes of the
American Contract Company and if the
drafts are cashed the money comes directly
to the court. He had no doubt but it
would all turn out right to accept these
mems pIopOsit on, though he was not de-
sirous of drawing up any papers until the
matters are fully examined. He had re-
quested copy of the charter and would
have to await definite action until it ar
rived.
Justice Ewing moved that the court when
it adjourn do so to meet July II, 1872, I'M
til which time the cor sideration of the mat
ter be postponed.
Justice Meacham said he didn't exactly
understand this affair. He had heard
Judge Demoss make the same speech three
times before. The payment of money to
the county had been deferred, and this was
now the fourth time the extension had |
been asked and granted. He didn't know |
when we would get through with it; it was |
near endless; it commenced with Winslow |
& Wilson, and they may sell again and we |
may never get any pay. For this extern |
sion of time eight per cent was being paid. |
The county owed debts drawing six per /
cent, and this court should not for two |
cents more be a shaving machine.
The matter was deferred until the 9Th of |
this month.
Col Colyar was introduced to the Court, |
which he asked to investigate the question |
of tax levied on his stock in the Tennes-
see Coal and Railroad Company, and see
whether said tax be whole or in part right, |
and whether the stock in said Company Is /
taxable in Davidson county. Referred to |
a special committee, consisting of Justices
Davidson, Baskette and Maxey.
..... FIERY.
Other questions of improper assessments |
were brought before the house causing
several members to indulge at one time in
hat Of
so interesting to one who has to tell the
public what they transacted.
The Court ruled that Justice MaxeY had
the floor.
Justice Wade said that the Court never
thought anybody except Justice Maxey
was in orier-he ruled the Court.
ANOTHER EFFORT.
Justice Maxey offered this resolution
Resolved, That DIR. 3. II. Hill, B. F. Will
kinson, DR.. Ephraim Charlton be made
commissioners to receive proposals for the
erection of stone bridge across Mill creek
near the site of Goodwin's old mill which
proposals shall clearly specify the exact
character and the description of the same,
and report the same to the next term of the
court, and IF approved the work shall there
upon be directed to progress under such
I6ouluIAOLlo anu SCCuilbtCS de- Sild1l DS uoSIu- |
ed proper-ad) opted.
REPORTS OF STANDING COMMITTEES
EDUCATIONAL.
GAS Superintendent of the Public School; ;
l have the honor Of reporting the following,
as their condition, for the six months end
ing July 1872.
No. of schools, in the county, y whites
and 20 colored-tOtal 90.
No. in city, "a white and Z colored-total
33-grand total 13f.
No. scholars enrolled in the county is {
I, 49,, in the city 3,679-tosd Sis; per {
cent Of attendance in the county is II, in
the city "a.
Amount of public money received Ss4,-
9S3.63. Three districts have received ]
g, 400 of the Peabody fund, not enumera- i
ted in this report; viz 18th, $1,000; 18th, I
$500; 10th, $780, Respectfully submitted, (
SAMUEL DoNELsoN, Supt. and Sec'y.
The school committee and Finance COM e
nittee to whom was referred the settle L
nent with the first civil district submitted
heir report. a
Justice Basl5ette introduced resolution G
hat the county trustee be directed to pay the ?
,ro rata of the school fund for February a
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