Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1873-05-25

County.
We the undersigned Committee ap-
pointed by your WOrshipful County Court
to report upon our railroad stocks and
bonds, would respectfully present for your
favorable consideration this our report.
We find that Jefferson county has taken
stock to the amount of $4,000 in the
East Tennessee and Virginia Railroad, and
has issued her bonds for said amount,
bearing date of January 1, 1854, due so
years from date with interest at 6 per cent.
per annum, payable semi-annually. AT
the time of the formation of the new conn
ty of Hamblen, October 1, 1870, Jefferson
county had lifted and cancelled the sum of
nine thousand fUe hundred dollars OF said
bonds. The Commissioners appointed to
divide the stock and bonds, between Ham,
blen and Jefferson counties, gave to Ham,
blen county, as her share of the stocks, the
sum of $14,003,O0, and as her share of the
bonds, to be lifted and cancelled by her,
the sum of S11 ,343 90. Since said division
of the stock and bonds Jefferson county
has paid and cancelled the sum of 50, OOO, 90
OF said bonds, making the total amount of
bonds cancelled by Jefferson county SILL
10000. Said county of Jefferson has paid
out for interest on said bonds to date the
sum of $50, 1856, 90. There is yet due of said
bonds to be lifted and cancelled by our
county the sum of S27, 1890. We have
allowed about nineteen years to pass away,
and have lifted only the sum of 81 500 90.
We have eleven years in which to pay the
balance of S27, l57,0 co. and if we pay i'm the
future as we have in the past, we shall
have in addition to the S27, Isl. 90 of princi-
pal about the sum of $500 of interest to
pay.
Our amount will stand as follows
Amount Of stock owned by Jefferson county, $50 900
Hamblen $500. HOC0
Total amount of stock..... $50, 90
Amount of bonds TO be lifted by Jefferson coun
Amount of interest paid to date by jefferson
Amount Of bonds cancelled by Jefferson county n 500
Probable amount OF interest yet to pay by Jeffer
son 1880
Total amount........... ............ s1O7.4H
You can see from these figures, that for
our little whistle" which we purchased
about nineteen years ago, we have already
paid the snug little sum of S62, 1856, with a
fair prospect of paying about S44, $50 more.
Now i'll view of these stubborn facts, let
us turn out en- n,dSse on the first Saturday
of June next, and vote to sell said stock
and free our county from it's burden of
debt Let every man work from now I'M
til the day of the election, and see to it,
that the entire voting population turns
out, for it is only by majority of the vo-
ting population, turning out and going to
the polls, and by t1vo thirds of said major
ity voting in favor of selling said stock,
that we can redeem our county. We can
rest assured that if we allow this oppor-
tunity to pass without voting to sell said
stock, we will have heavy increase of
taxation. We have carried this load of
taxat !: n for railroad purposes, for nineteen
years ,,1-ithOut deriving any profit from it,
Now It us get rid of it. Now is the time
for :: decide. Free your country from
debt, rush it with increased taxation.
DAVID GRANT,
VIM. III. ECKEE,
ED. r. HALL.
May %, dewitt