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

cnuld Investigate the charters of other
roads, as well as make himself thor
ouIidy acquainted with the charter of
his road, aud when "A suit against the
road arise, he can investigate the facts,
aud doubtless in many cases effect a
compromise, and save the company
urnecrs ary and expensive litigation.
PRECEDENT Wilson stated that he
/ thought that this large sum was not
caused 10y excessive fees paid to law
/ yerS, but that it was caused by so
many frivolous and vexatious suits
being brought against the road by par.
/ ties VINO merely desired to injure the
road.
/ Mr. Maynard explained that he did
/ not make his remarks with a fault
| finding view, but felt confident that a
/ law department would prove Of bene-
| fit to the company.
Col Baxter explained to the stock
/ holders the magnitude of the suits
against the company. He stated that
| there are now suits pending against the
company 10 the amount of 81 $50, 900
He thought that the amount for law
expenses was quite moderate.
/ j. r., Anderson, of Bristol, offered
/ the following resolution, which was
passed.
! Resolved, That the action of the
! President and Directors of this Com
pany, to secure another and valuable
connection with Norfolk, Virginia,
! through North Carolina, embodied in
the contract executed, and bearing
date the 18th of April, 1874, and en-
tered on the minutes of said Board at
| its meeting, held on the LIST inst, meets
our hearty approval, and the same is
/ hereby in ali things ratified and con-
| tirmed, and entertaining full conf
dence in the integrity and business
capacity of the Board, we hereby fully
authorize and empower them, through
such officer or officers, agent or agents
as it may choose to employ for that
| purpose, to enter into such further and
! supplemental contract or contracts in
relation to the matter as they may
deem necessary and proper to facilitate
the object in view and secure the right
and advance the interests of this Com
pany.
Mr.. Maynard brought up the ques-
ton of local and through freight. The
charter of the lower road was about 40
years old. 1t did well enough at the
| time, but there is quite a change in
the times. There is a great deal of
| feeling in the community on the sub
ject of local tariff. He thought that
the charter should undergo some mod.
ifica ions 10 meet the present demands
of the community, and suit the times.
He thought the directors should take
the matter in hand and secure such
wise and enlightened legislation as the
times demanded.
Gen. Austell stated that the contract
with the North Carolina road was GER
tainly the best that could have been
made, and would secure to this road
some important railroad connections.
Col. Baxter referred to the scheme
of building railroad from Charleston,
South Carolina, to Cincinnati, Ohio,
one OF the oldest railroad schemes in
the South. Considerable work has
been done towards this, and now only
about l25 miles remain to be built TO
complete this line. The object of the
meeting at Spartansburg, on the 10th
of this month, is to take steps TO COM
| plete the line, if possible, aud he felt
| like encouraging the enterprise. He
then offered the following resolutions,
which were adopted:
WHEREAS, We have listened with
very great pleasure, to the speech OF
| General Austell detailing the progress
that has been made towards the ex-
/ tension of the Spartanburg and Union
railroad, from Spartanburg, South
I Carolina, to Asheville, North Carolina /;
and,
/ WHEREAS, This information in con
nectIon with the steps, which have
been so wisely taken by the officers Of
| this Company to secure the building
| of a road from Asheville to Wolf
/ Creek, encourages the belief of an
early railroad connection between
| Knoxville and Charleston South Caro-
! liza and,
WHEREAS, By an extension of the
! Knoxville and Ohio railroad on the
/ North of US, a distance of twenty-five
miles, a connection will be made with
the Cincinnati Southern railroad, now
being built, thus completing after forty
years of continuous effort, a line of
road which must eventually bind the
/ gredt northwest, with that part of the
South, whose commerce is represented
by the three cities of Savannah,
Charleston and Wilmington, in
the strong bonds of COM
mon commercial interest; and,
! WHEREAS, About ninety miles of
this company's road, from Knoxville
to the North Carolina line, will cOnsti-
tute link in the proposed through
line, and share in the profits to be re-
allied from the freight aud travel pass
ing over it, by reason Of which we. as
shareholders of this company, in addi-
ton to the general benefits to inure to
the business of the whole country
through which II will pass, have a
special pecuniary interest in IFS early
completion. ........-
! BE Therefore Re8Olysd, lst, That we
tender to the people Of North and
South Carolina our hearty congralula-
tons upon the favorable prospect OF
i an early railroad connection, between
them aud ourselves, so long hoped for.
I'd, That the officers of our COM
pany he, and they are hereby request
ed, by liberal contracts for through
rates, and the interchange of freights,
and by such other friendly acts as may
be consistent with the interests of this
, company, 10 give all possible eneour-
agement to the several enterprises
aforesaid. 8 .' ..| .. ..
4 Sd, That copy of the foregoing pre-