Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1875-10-16
From CSnsfer-Journai OF the 5th.
THE MISSISSIPPI VALLEY.
The Executive Conimittee Of the Com.
pany Reeeites the Report
Of Dr.. WOrrsll.
Objects q the Association.

Objects q the Association.
Yesterday afternoon Hon. D. W
Adams, Master of the National Grange
Mr.. E. r. Shankland, of Iowa; Gen
P. G. T. Beauregard, of Louisiana
Col. d. Y. Aiken. of South Cerolina
Judge j.. Z. Jones. Of Arkansas
Gen. I. j. Smith, of Georgia, and DR.
VIM. Maxwell. of Tennessee, mem.
bers of the Board Of Directors of the
American branch of the company. met
atthe Gait House Yesterday to consult
in reference to the affairs of the Mis-
sissippi Valley Transportation Com
pany. Dr. Thos. D. Worrall. agent
for the said company, was present, and
read the following
REPORT OF MANAGING DIRECTOR:
l have the honor to present my first
report since the organization of the
American board Of our company, on
the 25th of August last, and in doing
so must ask to be permitted to indulge
in a few remarks touching, the official
position of the managing director. In
the organization Of the English branch
of the company, finding myself sur
rounded by gentlemen of extensive
business experience, especially a.
leaders in the cooperative soeie-
ties, | was anxious that these gen.
tlemen should inaugufate the great
international cooperative society in
their own way. and as far rs possible
without any dictation or suggestions on
my part. | confined myself to the pre-
sentation of general plan, and to i'm
parting such information as was at my
command respecting the needs of this
country and the probable support that
would be given to the movement on
this. side Of the Atlantic. i must
point 70 the resulsssas evidences OF the
wisdom of this course. The article OF
association drawn up by 4. Yansettal
Neale. Esq. the legal adviser of the
cooperative Union of Great Britain,
and the legal adviser in England OF
your company, are considered n ac-
knowiedgement of all the wisdom and
experience of the English societies.
They have been carefully examined by
Hon. Z. H. Marr, of New Orleans,
and subsequently by committee ap-
pointed by the Agricultural Conven-
ton held at Dalton, ia the State of
Georgia, in August last, on which COM
mittee, | am credibly imformed, were
some of the leading members of the
Georgia bar. and by all indorsed as full
ly meeting the wants of members in
this country, and as protecting the rights
and interests of American share or de-
benture holders. Iregret to say that
| have not at present the report of the
last named committee, as it is now in
the hands of the secretary of the
Georgia Agricultural Society for the
purpose of being published with the
proceedings of that influential body.
/ hope to be able to lay it before you
at an early day and to record it in the
records of the company.
1t is my desire. as far as possible, to
pursue the same course in this country
that led to the successful organization
in England.
I have aided in the selection of gen.
tlemen on this side of the Atlantic
who, from all the information | could
procure on diligent research, are in
every respect equal in integrity OF
character, business experience, and as
sharers in public confidence with their
English board of directors; and hav-
ing executed to my entire satisfaction
and the satisfaction of the English
deputation who came to aid aud ap-
prove of the election, / must now re-
quest you, as far as possible, to use
your experience and ability in the
work, of cOnsummating the organiza-
ton and carrying out the great objects
of the company, without any dictatiOn
and with as few suggestions on my
part as possible.
Lam aware of the importance which
you attach to my position as the orig
inator of this international scheme,
and of the respect you show me as the
managing director of the company or
ganized to carry it out; but L must
say to you to remember that for the
sake of the success Of the movement
| have consented, and that only for the
short period of five years, to become a
servant. / am alike your servant and
the servant of the English board, and
as such | desire to carry out your will
and obey all your just commands.
| am anxious that you should take
hold Of this scheme with vigor and spirit
commensurate with its importance.
That the company will be a success is
guaranteed by the long-felt needs of
both nations, by the hearty desire of a
vast mass of people on both sides OF
the Atlantic to subscribe to the stock
and cooperate for the purpose of rem
deripg the directors and manager every
possible aid, by the fact that the stock
will be distributed among mnltitudes
of people, and by the character OF
the Atlantic directors of the company,
The great financial journal of London,
the Monetary and Mining Gazette,
has been pleased to say that there is
much in the scheme which shows q
nice discrimination of the laws which
regulate commerce, just appreciation
of the vast resources of the valley OF
the Mississippi, and a sound practical
view of the value of close relation:
with this fertile region. THERE'S bold
enterprise in it. and great wisdom
shown in the choice of the sphere foI
its operations"
Compliments of such a character
and from such . source, should GER
tainly inspire you to put forth you
best efforts to secure to millions oil
each side Of the Atlantic the untolC
blessings which are promised By tn,
success of the movement. / woult
desire to indulge in another remarl
respecting my own position. Befor
consenting to act as the managing di
rector of the company. | thought j
best to bring the English board to tw
condition
4 d. That No ono parSan or sociat