Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1873-02-01

cost 1000; the fencing about 81 800; the
stock pens several hundred more, and the
track in the neighborhood of $1,000, MAX
ing in the aggregate about S11 900, to
which must be added about 81 500, which
was due for the additional land bought by
the Directors. 1t can be very plainly seen
that the society, from the start, has labor
ed under serious and heavy liabilities, such
as its managers have been utterly unable
to liquidate. The most earnest and per-
sistent appeals have been made to the pub
lie to come to the rescue, but all to no pur-
pose. The result is that one of our prin-
cipal creditors, from a necessity which he
could not ignore, has been compelled to
bring suit against the Directors, and has
at last obtained judgment, and the,
property is advertised for sale early
in February. Shall this unfortunate
turn of affairs be averted? This is
for you to determine.
And here your Secretary would make
the suggestion that it might be sound
stroke of pc icy to apply to the present
Legislature for authority to sell the land
owned by the State and to apply the pro-
ceeds in purchasing suitable grounds on
the line of the Knoxville and Ohio Rail-
road. Strong and obvious reasons could
be enumerated showing the wisdom of
| this course.
| In conclusion your Secretary would
| avail himselfof this occasion to tender his
resignation as Secretary. In doing so, he
sincerely regrets that he has not been more
efficient in the performance of his duties.
| That he has committed mistakes, is freely
and frankly confessed, but never from q
wilful purpose. He asks you to cover
| them with the mantle of oblivion, and to
| remember him only in the light Of one
who has endeavored to do his duty.
Nor can close without acknowledging
| the kind and courteous treatment / have
uniformly received at the hands of Hon.
o. p. Temple, the efficient President of the
Association, whose zeal, fidelity and sound
practical sense, as an officer, have been
worthy of all commentator.
Respectfully submitted,
c. w. CHARLTON,
Secretary, &c.
Knoxville, Tenn, Jan. 81, 1878.
On motion the report was adopted.
TREAsURER's REPORT.
The report of the Treasurer, Mr.. L. II.
Head, was read, from which we extract
the following totals:
Cash received. $ll,529 A.
Cash expended IL, 45l. 81
Cash on hand, S77.e5
| Estimated indebtedness, Sc 0.OO
Old debts paid, about, 100000
The object of the meeting was generally
understood to be to take steps to prevent
a sacrifice of the fair grounds and build
ings, advertised to take place by Chancery
sale to-day.
Gen. Mabry stated that he had claim
against the fair grounds for services rem
dered before tho war, for which he was
willing to take 81. 200 worth of stock, il
an arrangement could be made with MIR
Atkin to avoid the sale of property.
Mr.. Atkin being asked as to his under
standing Of the matter, replied that he did
not know, and that the matter was in the
hands of the attorneys.
BY request of the Board. Mr.. Akin
agreed to postpone the sale of the fail
of the fair ground property for thirty days
if his attorney consented.
The majority of the stock not being rep
resented the old Board of Directors held
over as well as the officers.
The meeting then adjourned.