Knoxville weekly chronicle. [volume] (Knoxville, Tenn.) 1870-1875, 1874-09-09

| construction would be commenced at
an early day
Mr.. Anderson, of Bristol, moved
that the Convention adopt the reports
of the President and Superintendent
of the road, and that the usual num-
Der of copies be printed
The resolution was seconded by Mr..
Maynard, who again touched on the
tariff question. He said he heard it
charged that through freight was taken
for less than local freight, and that the
| Company is discriminating against
East Tennessee, &c. Now the ques-
ton is, shall the road refuse to take
through freight at the rate they can
get, and compete with other lines
There are other lines. who are eager
for the same freight, and should this
road refuse to take the freight at press
ent rates, other roads will take it. Can
this road afford to lose this through
freight?
The report of the President and Su-
perintendent for last year shows that
the amount expended in repairs on the
road to employees, etc., amounted to
double the amount received for local
freight, and hence there is more money
expended in the country than what is
received by local tariff Should this
be stopped? Should they stop taking
through freight? He confessed that
he was of the.opinion they had better
take all they can get for through
| freight, and eXpend II among the peo~
pie; should the road be made mere
local road, they would soon be CONS
PEELED to stop operations, or largely in
crease the present rate of local tariff,
which by-and-by has been steadily
reduced to the present low rate.
The motion to adopt the reports
read, was carried.
President Wilson stated that Mr.
Maynard understood the officers of the
road. 1t had always been their aim to
work in harmony with the people of
the country, but that the through
| freight was the life of the road, and
that for every ton of through freights
the company carried they received
$500, while the local tariff only
amounted to $3.50. The only differ
ence was that the through freight was
carried farther. But it was carried in
cars belonging to other roads and con-
sequently the cars were no expense TO
! the company. Besides, the company
was at no expense in handling the
freight as it passed i'm through cars,
People, if they understood the matter
properly, would no longer make this
charge of discrimination.
Col. Baxter of Knoxville, and Mr..
t. j. Barrett, of Atlanta, also made
remarks on the tariff question.
President Wilson announced that
Rev. Robt. Sneed had requested not
to be placed on the list of Directors
again.
Resolutions complimentary to Mr..
Sneed were passed.
One of the stockholders wanted the
question of railroad passes to stock
holders and their families attending
the annual meetings settled. He
thought that stockholders, who had
paid their money to build the road and
done without it so long, without re-
ceivng any benefit therefrom, while
other men received ten per cent. on
| their capital, should be allowed to
| bring their families to Knoxville once
a year free of charge.
! Mr.. Anderson offered resoiu-
! solution making Col. Baxter a delegate
! to the Spartanburg convention, which
! resolution was adopted
/ Mr.. r. H. Richards offered resoIu-
| ton against stock being represented by
/ proxy, except through other stock
/ holders.
Here the free pass question was again
| brought up and discussed by several
/ stockholders, and during the discus
sion it was explained that only stock
holders can act as proxies for other
stockholders, when Mr., Richards with.
drew his resolution.
Several stockholders spoke on he
| question Of free pass for their families
TO the annual meeting.
] Mr. MAYNARD thpnfybt gfn.ly M lara
should be allowed to pass over the road
with their wives and minor children
free of charge once a year.
Mr.. Austell wanted TO know about
the man who only held a half or quar-
| ter share.
Mr.. Maynard said that these men,
had perhaps worked harder for the
money, which purchased these quarter
or half shares, than others, who owned
a number of shares, and they had been
without the use of their money for
some time, and he thought the Cons
pany could afford to be magnanimOus.
He offered resolution to that effect.
Several other parties offered resolu-
tons, when finally resolution to re-
fer the matter TO a Committee of three
prevailed.
The Committee after due dellbera-
! tlbll, OlltiGu Inc IOllDWluR IesOlullOn,
which after some further discussion
was adopted
ReSOlUed, That the bona fdc stock
holders of this Company with their
wives and children living with them
shall be entitled TO pass over this road
to and from the annual meetings of the
stock holders free of charge-said pass
to be limited to one day before the
meeting and two days AFTER upon the
presentation of the certificate of stock,
properly authenticated to the conduc.
tor. ... ...... ... ....
The convention then adjourned for
half an hour to await the returns of
the directors election. . .rf q.
At five O'clock the convention was
+ again called to order and the result of
election was announced. ...H.....
The following gentlemen were elect
: ed directors, each hacing received a
J vote of LOTT: 3D.. IT, H.U..
: II. 4. Wilson, Jos. jacques, g. NJ. Nc
J Ghee, S. ID. Reynolds, Jos. ii, Ear
nest. r. II. Richards, S. B. Boyd, Or.
. w. II. Sewer, ThOs. G. Barrett, VIM.