Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-07-10

will be divided into compartments, and a
shipper can consign his cotton to any deal
er in the city. We will compress it for the
railroad, only; the brokers will he furnish
ed with samples, and can sell by sample
Just as they do now.
"YOur warehouse will be outside the
corporation, understand"
II don't know whether il will or not
It's all mistake about the four acres of
land having been purchased. Several sites
have been offered, but no selection has been
made as yet. 1t is necessary for the rail-
road companies to approve the selection,
and then we haze ourselves to suit. Fink
wanted we should build our warehouse out
at the Decatur depot, where the compress
is now, but we cannot afford To put our I'M
prOyements on ground not belonging to
ourselves
"There seems TO be considerable opposi-
ton to your enterprise on the part Of the
cotton brokers?'
"Yes, but that's because they don't I'M
derstand it. When Wheless was down TO
sae Mai. Anderson about the matter the
other day, Anderson explained it the best
he could, and understood from what Whe-
less said that he was perfectly satisfied
"YOu know, of course, that committee
has been appointed by the Cotton Board,
10 go to Louisville tonight and see Fink
with regard to This warehouse businesS?'
Il see il so stated in this mornings
UNION AND AMERICAN, but it IL prove a
wild goose chase. The railroads are already
committed to the enterprise, and you'll ind
it will prove a very popular one
with our merchants, bankers, planters and
business iiieti generally, as we propose, in
short, to concentrate the cotton business,
bring to bear all the improved facilities for
handling it, cut down drayage, and reduce
expenses generally. Instead of interfering
with the commercial prosperity of Nash
vile, this enterprise will build it up and
will result in our city becoming one of the
largest cotton marts in the South. We
have been working at this thing since last
April, our contract is for term OF years,
and We are bound to make it a success"
COL. L. IT. COLE DEFINES HIS POSITION.
In the afternoon a representative OF this
--or called on Col. Z. w. Cole, President
of the NashyI,n, Chattanooga and 81
Louis Railroad Company, a..-. oi''e9'o 80
statement Of his Views on tho Ware..s~.
and compress scheme. The Colonel read
ilF complied, sayins there was evidently
great misunderstanding III rer7rr 70 The
matter. He said he had property in Nashz
vile, was of course interested in
the prosperity of the solid bust
inesss of the city and would be
among the very last to take part
in or approve of any project that would in
iure the cotton interest. He thought that
r powerful compress would be great ben
eft n the trade; and that large warehouse
would be a convenience to dealers. As the
cotton merchants seriously differed with
him, however, he would take time and
consult with them as TO the true interest of
the trade.
81 will investigate the project" said he,
''with the cotton men, and if find that it
will be any disadvantage to the cotton
trade, will use my influence to modify or
suspend It. had thought that the i'm
!tr6ted 6Drtipress Ho,ild be APPRECIATED by
the cotton men,"
He added that he had telegraphed the
above in substance to Col. Fink at Louis
Vile, requesting him TO come to Nashville
and with him consult with the cotton mer-
chants. Col. Fink's reply was that he cGdid
not come at present.
Later in the evening Col. Cole visited
ated his assurances that he had no thought
of doing anything detrimental to the inter
ests of Nashville. He said that he had been
led to believe that the enterprise in ques-
ton met with the hearty concurrence of the
cotton dealers of the city, and that, if il was
desired, he could furnish evidence that such
representations had been made to him. He
claimed that he had it yet in his power to
If. Ill. Il. IL
signed by him was conditional upon his
approval UF the site selected,
ASOtTiEH CoSsULTATION.
These Statements were made while wait
ing at Simple, Williams & Co.'s for the
return Of the committee; who had gone to
interview him. Upon the committees re
turn they were clOseted with Col Cole for
nearly two hours, during which time the
situation was freely discussed, but the fact
that the committee were not entirely salts
fed with the result of the interview was
demonstrated by their departure for Louis
vile last night.
In a conversation with a UNION AND
AMERICAN reporter after this interview,
Col. Cole stated that he had come to the
to hold the matter in allegiance
until full interchange Of views was had
between ali the parties interested; also that
if he became convinced that the project |
would be injurious to the cotton interests,
he would take no further steps toward |
carrying il out.
NEWS FROM LOUISVILLE.
4. b. Stahlman, transportation agent of |
the Louisville, Nashville and Great South |
eri1 road, received a telegram from Col. |
Fink last night, to the effect that he would |
not sign the agreement for the establish |
ment Of the warehouse, until he had been |
fully posted as to the views of the business |
men Of Nashville ON the subject.
NJ j. Anderson, Of the Nashville, Chatta- |
nOOga and St. Louis road returned from |
Louisville last evening, having been absent |
from the city for several days. He SAYS
hat the warehouse enterprise is to be |
pushed forward rapidly, and that the COM
nittee which left for Louisville last night,
will accomplish nothing by their trip.
WHAT THE COTTON MEN SAY.
a representative of this paper converSed
with number Of leading cotton men in
lrder TO ascertain their opinions of
he gigantic scheme. They were
unanimous in the belief that, should
he project be carried out and the ware
house be located at any considerable dis
ance from the business part of the city. it
would be destructive blow to the cotton
Tade. They thought, however, that a
empress and warehouse, if located in the
ity and near the banks, would be a good
nd successful institution provided it should
'e under management enjoying the con-
idence of the community. But no one
lad any objection to the building of the
Oncern at any distance whatever, if the