Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-01-10
COTNTY RONDS.

An order introduced by Justice MaXey
directing the County Trustee to pay the
coupons on the county bonds of the Louis
vile and Nashville Railroad out Of any
money in his hands derived from the levy
to pay interest on county bonds, was
adopted.
THAT GHOST or \ COUNTY ASYLUM.
Justice Cheatham moved that when the
Court adjOgrn,it adjourn to meet the fourth
Monday in this month, in order TO hear the
report Of the special committee appointed
to visit the County Asylum, and stated
that he had decided to act as a member of
the committee, and therefore Withdrew his
resignation.
Justice Maxey hoped the motion to hold
an adjourned meeting on the day specified
would not be agreed to, as each days ses-
sion costs the county about $50.
Justice Cheatham moved that each MEM
Der of the Court donate his per diem for
that day to the county. The motion was
agreed to.
THE RAILROAD BUSINESS.
The consideration of the proposition
made the county by the management of the
OwensborO and RusSellville, and Cumber-
land and Ohio Railroads, having been made
the special order for eleven o'clock, it was
taken up after several Intellectual efforts to
lay the matter upon the table.
Col. Bevier. of RuSSellvilie, KY, appeared
rs the representative of the OwensbOTO and
RusSellville road.
He said he was much obliged for the
privilege of addressing the Court. He
said that no attorneys had been hired by
the road he represented to present the mat
ter to the Court. Upon the action of this
County Court depends, to a great measure,
the future success of the road he represents.
When completed, the road will connect
Nashville with Chicago direct, and if it
had been completed two years ago, the diff
ference in freight 10 Nashville would have
paid the entire amount asked for. The
management has issued bonds to the
amount of S3,0O0,0O0, and propose issuing
additional stock TO the amount
of S4,OOO,0O0, on which bonds a financial
company of New York has agreed to
build the road. Evansville has agreed to
take stock t. the amount of 100000.
OweusbOro, KY, $4,000, and Davidson
county is asked to take stOcktO the amount
of S2j0,O00, the bonds not to be issued IN
til the road is in complete running order
from Evansville to Nashville. He stated
that the name of this road has been changed
from the OwenSborO and Russellville rail
road to the Evansville, Owens5Oro and
Nashville railroad, and he proposed that
the county should sell the stock it holds in
the Louisville and Nashville road, when
the Evansville, OwenSbOrO and Nashville
road bed is completed, and apply the pro-
ceeds arising from the sale thereof to the
purchase of stock in the road he represents.
The speaker then read the petition present
ed by his road, and said that that of
the Cumberland and Ohio road was
in substance the same, and that the
amount asked for was the same. He said
that his road is in debt to the amount of
100000, interest included, the first debt
having been incurred by the refusal Of
Davidson county, one of the ternini Of the
road, to aid it by subscribing for stock. If
the company can dispose of 100000 adj
ditiOnal stock, with the S1.jO0,0UO adj
ditioned stock it is proposed to add to the
100000 of its present stock road cost
ing S5,000,OO0 will be completed through
to Nashville.
Mr.. Temple o. Harris, of Sumner coun-
ty, asked how much would the company
own if all the debts of the road We're paid,
and in answer, Col. Bevier said there is
scarcely a railroad company in the country
which would be in solvent condition if
compelled to pay off all its Indebtedness at
the present time. The Louisville and
Nashville road, in which Mr.. Harris. he
said. owned considerable stock, certainly
was not in solvent condition, or rather