Knoxville Whig and chronicle. [volume] (Knoxville, Tenn.) 1875-1882, 1875-06-09
Continued tom Second page.l

unpaid premiums be paid out ot the
first funds on hand after paving the
expenses of running the Falr.
Mr. Meek, OF Jefferson, understood
the proposition that lhe Trustee OH i,
to sell the GrpuuU- lar 81 uO). Wl".p
the committee fepor, in fayoc.t, Ae-
cepting with the pruvIso above mem
toned He was in favor OF accepting
the provisu, for lie creditors staud AL
on an equal footing.
Mr.. Oliyant, 81 McMinn, was in IA
vOr of accepting the proposition a- q
fair proposition, and provide for the
payment afterwards. He seconded
Mr.. Meek's motion.
Mr.. Haggard, from Roane, suggested
that if the premiums were paid frs. 90
would put those men who held unpaid
premiums In a good hUmor.
Mr.. CharltUR was liJtle troubled
about one feature of this matter He
got Information to-day that one arm~
err, an influential farmer, had ,aid
that he would have nothing 60 do with
the concern unless provisions we've
made TO pay the premiums dur He
took the ground that there should be
some preferred creditors, aud ne
thought the men TO whom these ,re-
miums are due are the men, ~ they
will have to help TO build up the Fair.
He was anxious that some way be
opened to pay these premiums
Mr.. Hubbard OF Jefferson, thought
this was all useless waste Of lime.
This property was under Il deed of
trust, and if they take tina property at
stands. They can't hold the property
IN 4 thou toll Z a. ind =
viduals and act under the old charter.
Mr.. Hancher, of Sullivan, though;
the subject clear to his mind. The
question of preference of creditors was
the question, and the holders Of the
premiums would get at least a half a
showing, aud he can't see how they
could obligate themselves in any ones
favor.
Mr.. ]. Monroe Meek couldn't see nc
trouble about it at all. All the Asso.
citation owes is four thousand dollars
and if the Association accepts the
property and pays for it as per contract
the creditors will all be paid. There i:
but one way to do, either accept ol
refuse the proposition.
John NJ. Meek, of Jefferson, thought
that this Association had nothing 20 81
with the payment of the old premi.
ums. The old Association is paid fol
the Fair Grounds, and they must pay
their debts. The holders of premium.
of last years Fair have no recourse
upon the new Association.
Mr.. Nelson, of Washington, thought
they had better open books for sub
scription or coniiue themselves 10 til,
printed circular, that was 10 pay moth
ing for the Grounds, but Iuu the Fail
one year.
Mr.. Hancher thought that the way
he understood the proposition Cap'ail
Kicks was furnishing them with ;
mule to work one season; if ii work!
well they can pay for it in the FAN
but if they don't like il the property
reverts back to Captain Kicks tn
trustee.
Mr.. Turley, Of McMinn, stated tina
the committee virtually agreed to an
other report, but as it was not writer
the chairman was expected TO make
verbal report. He dissented from tn
report of the committee. He though
that the old stockholders should sur
render their stock and take new stool
at 25 or so per cent. Then he was il
favor of paying the old premiums first
1t has been suggested that Capt. Rick
couldn't go outside of his trust but h
thought as nearly all the creditors wer
of Knoxville they would agree to holt
back to let these premiums be paid.
Mr.. Huffaker said that he had ex
amined the house, and thought it un
safe.
Mr.. Charlton stated that mechanic
had examined the building, and Pre-
nounced it secure.
Mr.. Jones, of Greene, wanted t
know if all this talk was accomplish
ing anything or not,
John Nj. Meek offered the fOllowin
resolution:
RcsolUed, BY this meeting, that tn
Changers of East Tennessee accept tn
Fair Grounds on the following terms
The Changers agree to take the proper
ty, hold a fair, and it, after paying a
the necessary eXpenseS Of said fail
there should remain n -lrpius of fund
it should be paid over g." The old Assc
citation in liquidation Of The outstanC
ing debts; prOgido0, Tia. The old a!
ISOLATION agree To use said surplJ
amount in paying he premiums pa
due and unpaid.
Mr.. Charlton made some eXplanl
tiop as to the circular letter, and state
that it was just as he understood /
Though he admitted that he preferre
the Association would buy the prope
ty. He thought if the farmers woul
do their duty they could pay all Il
debts in the first year. He felt sati
fled that the citizens OF Knoxvil
would do their full duty. They ha
given evidence this day of their wi
lingness to sustain, them. They we
honorable men, honorable to faul
They had tried the Fair and could n
make it a success, and now want I'll
farmers to try it, and no body of me
had ever been offered more golde
oportunity. II the Order OF Patrol
Of Husbandry can not make a succe
of this, her mission, she has missC
her mission. He thought they cou
buy it and pay every dollar of it.
Mr.. Keller, of Knox county, though
all they could do would be to acce
the proposition originally made. Tit
We're not authorized to purchase
and could only accept the Ground
run the Fair and pay over the pr
ceeds to the old Association.
Capt. Kicks explained to the Co
4 l.. tI,,, %