Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-11-01
ST. LOUIS AND sOUTHEAsrERS.
The ReeeivershiP BusfBess-HOw the
COunfy's Interest I'm the Road n
Subject 90 Political Influences.

Subject 90 Political Influences.
The news published in our columns YES
terday TO the effect that the st. Louis and
Southeastern railroad would pass into the
hands of receiver to-day, on the appliea-
tiOn of George OPkyke and PhilO G. Cal
hOun, of New York, trustees of the first
consolidated mortgage bonds of the road
lid not create any special degree Of interest
among the business men of the city, as
some action of that kind had been ex-
pected for several months. The road is to
remain under the present management.
not a single change being made among its
employees, which arrangement the credit
Ofs of the road cannot but consider a very
prudent one as its business would be Sc
| riOusly retarded, TO say the least, if it were
to Immediately pass into new hands. A
visit 10 the depot yesterday revealed the
fact that everything was working smoothly,
trains coming and going on time, etc.
As the county is responsible to the State
for some 100000 Of the Indebtedness of
the road, our reporter made an effort TO see
the county railroad commissioners consist
ing of Justices G!eaves, Childness, Bowen,
and Davidson, but as these gentlemen all
reside in the country districts was unable to
| do so. He held a conversation, however,
with justices Meachem and Baskette,
members of the C.-Eity i's'if. with regard
| 10 the matter.
Justice MeaciIem said lac hI.i urged The
County Court, at its last session, to take
action on the subject, and for that purpose
introduced the following resolution:
''ResOlved by the County Court of Da-
wilson county, That the railroad commits
siOners of said county, be and they are
hereby instructed to call upon the Cover
nor of the State Of Tennessee, and request
his Excellency to take the necessary steps
to collect the moneys now past due from
the Edgeleld and Kentucky Railroad, (nOw
known as a part OTdivisiOn of The St. Louis
and Southeastern RailrOad), under the con-
tract and purchase made with said David
son county aud Others: provided said past
due debts are not paid to the State ON or
before Dec. l, 1871, said county being de-
sirOus of being relieved from further LA
bility."
This resolution excited considerable dis
cussiOn, in which the Senatorial question
figured prominently-thOse faYOring the
election Of Mr.. johnson opposing its adOp-
tion, while those of the Justices who were
opposed to Mr.. johnson urged the adoption
W AAAC ACctANAlADiAs AAI oNNhAlo ~
be in the majority, however, and the reso-
luton went by TIE Board.
s.If the resolution had been adopted, it
would have been Of no service in this case,
as it provides the company shall have un-
til December 1st, to settle suggested the
reporter.
''Yes, that's so, but it ought to have
been adopted anyway responded
-, h.f1 narfIclrl
county responsible for the amount, and l
was anxious the State should be pushing
the road, knew something of this sort
was bound to come, but L felt certain the
management of the road would hold out
until about the first of January next, and L
thought I'D allow them until December lst
TO pay us"
"What can the County Railroad Com
missiOners do in the premises nOw?"
Nothing replied the Squire.
In answer to inquiries put to Justice Bas
kettle, that gentleman stated that the COun-
ty Railroad Commissioners could do moth
ing, with regard to the claim held by the
county against the road, until the meeting
of the County Court, in January next.
"And what can they do then?" was
asked
The county, or the State, can sell the
road out, to secure the amount due US, if |
no steps are taken to settle up, before that
time"
Our reporter learned that the railroad |
company have outstanding some $4,000, in
script which has been issued the employees |
of the road for the amounts due them on
wages, the script being made payable at the
end of four months, with interest. An Of
ficer Of the company told the reporter that
this indebtedness would be provided fOr,
and that the script would all be redeemed.