Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-07-14
THE UITIMATUM.
Meeting of the Cotton Men and Re.
port Of the Committee Appoint
ed to Confer with
the Railrsaas.
No Alternative Left The Cotton Men
but to Buildthe Warehouse
and COiipress.

The cotton merchants met at Holding,
Wilkes & Hancock's warehouse at 5 o'clock
yesterday evening 10 reciese the report of
the cbniriittee which has been in consulta-
ton with Col. Fink and Col. Cole about
the warehouse and compress project.
Mr.. Il. LanieT, Chairman of the Cotton
Exchange, presided. The meeting proved
to be very quiet and very brief.
Mr.. j. f.. Wl@leSs, chairman Of the COM
inittee, submitted an oral report to the ef-
feet that exceptionally agreeable and salts
factory interviews had been held with both
Col. Fink and Col. Cole, and that those
gentlemen proposed to the cotton men the
same identical privileges and advantages,
which the warehouse and compress COM
pany, Messrs. Alloway, Burr and Carlin,
had been negotiating for. Mr.. Wheless
explained that, according to the
understanding every cotton man would
have the right TO take stock
in the proposed warehouse and COM
press, which would be under the control of
the cotton dealers of the city. Coils. Cole
and Fink had ayowed it as the interest of
their roads TO have the warehouse and
compress built and had regarded it as the
interest of Nashville also. They had ex-
pressed their preference that the cotton
men, if they so desired, should car
~ out and control the enterprise and
had not supposed that the arrangement
which was about to be made, would meet
with opposition from the source that it
has The cotton men would now base the
opportunity Of forming company to build
a union warehouse and compress TO be
managed by themselves.
Mr.. Wheless said he felt satisfied that the
cotton men would be willing TO accept the
proposition of the railroad arrangements.
He said the committee, in the position that
il was, felt that there was on obligation 10
do so aud to carry out the plan.
Col. McIuire remarked that in his
opinion the committee had done great
deal. He thought that the cotton men
ought now to accept the proposition Of the
railroads or step aside and allow others TO
do so, as the railroads had need of the com
press and of the shed-room which the ware
house would afford.
Mr.. J. w. TerrGss said, he thought that
if the railroads had receded from tie ac-
ton which they were taking with the ware
hluSe and compress COMPANY, because If
its injustice or oppression, they had no
right TO demand that the cotton men
should do anything. If the warehouse and
compress project promise to benefit the raa'-
roads, they should help carry it out. Lis
idea was that the arrangement between the
railroads and warehouse company should
be considered abandoned, and that the
roads and the cotton men should now make
the best agreement possible under the cir
custances.
Mr. PaTkes, member If the committee,
stated that the committee had tried to get
the railrUad to abandon the arrangement
with the warehouse and compress company,
Internationally, but had failed in this, be-
cause the management of the roads re-
garded the enterprise as of great impor-
tanCe TO the roads.
MIR. Chase moved that the same commit
tee be continued, with instructions to pro-
coed with the perfection OF an arrangement
with the railroads for building compress
and union warehouse. The motion was
unanimously agreed TO.
On motion of Mr.. Chase, Col. Mcclure
was added to the committee.
The meeting then Adjourned.