Knoxville weekly chronicle. [volume] (Knoxville, Tenn.) 1870-1875, 1873-05-28
To the Voters and Tax Payers of Jefferson
Comfy

We the undersigned Committee APP
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 |, 1854, due so
years from date with interest at per cent.
per annum, payable semi-annually. At
the time of the formation of the new coun-
ty of Hamblen, October /. 1870, Jefferson
county had lifted and cancelled the sum of
nine thousand .tiUe hundred dollars o! 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 S14,003, 90, 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 80, 000, 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, 9S5,OO There is yet due of said
bonds to be lifted and cancelled by our
county the sum of S27, 1900. We have
allowed about nineteen years to pass away,
and have lifted only the sum of ST. 800 90.
We have eleven years in which to pay the
balance of So, l57 90, and if we pay in the
future as we have in the past we shall
have in addition to the S27, 157, 90 of princi-
pal about the sum of Sl7,S 800 of interest to
pay.
Our amount will stand as follows
Amount Of stock owned by SSeEicn SS
Total amount of stock O,O(
Amount of bonds to be lifted by Jefferson cOun
| Amount Of interest paid to date by Jefferson
Amount Of bonds cancelled by Joferson county 1850
Probable amount of interest yet to pay by Jeffer-
ION county li,oV
Total slO7. Al
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, 4S5, with a
fair prospect of paying about S44, $50 more
| Now in view of these stubborn facts, lei
us turn out en- 1ndSse on the first Saturday
| of June next, and vote to sell said stock
and free our county from its burden OF
debt. Let every man work from now un'
| til the day of the election, and see to it
| that the entire voting population turns
| out, for it is only by a majority of the vo
! ting population, turning out and going tC
the polls, and by ttro thirds of said major
ity voting in favor of selling said stock
that we can redeem our county. We cal
rest assured that if we allow this oppor-
! tunity to pass without voting to sell sale
! stock, we will have a heavy increase o
taxation. We have carried this load o
taXat II for railroad purposes, for nineteeI
years yTithout deriving any profit from it
| Now us get rid of it. Now is the time
for - decide. Free your country from
debt, rush it with increased taxation
DAVID GRANT,
WIN. II. ECKEL,
ED. II. HALL.
| NAV %. dSWlt