Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-03-31
ANXIOUS FOR A CHANGE.
The Tennessee aud Paeifle Railroad
management What the Business
Men Of Lebanon Say About It.

! tue tennessee anu uIdMe
near, the management Of that road is be
coming a subject Of earnest consideration
with the people of the two counties Of Da-
wilson and Wilson. The question whether
the interests Of the two counties demand a
change in the management, is being much
discussed in this county as well as in Will
son. The business men of Lebanon, whose
names are attached to this article, take the
affirmative, as appears from the following,
which was sent to the UNION AND AAIERI-
CAN yesterday to be laid before the people
Of the two counties:
To the stockholders IN the Tennessee
and Pacific railroad residing in Davidson
county:
Gentlemen-We the undersigned busi-
ness men Of Lebanon, Tenn, sincerely be-
lieye that the best interests Of our COM
munity requires a change in the present
management Of the Tennessee and Pacific
raihoad. The past history of this road is
well known to you. Near two millions of
/ dollars haze been expended in its construc-
tion and equipment, and yet after a most
| liberal compromise Of its debt to the Stale,
it has not paid one cent. to your county
nor 10 ours, but, upon the contrary, is this
day in debt 10 the State in the sum Of one
hundred and fifty thousand dollars, and
fifty thousand dollars to the holders Of its
first mortgage bonds, and that, too, almost
without any known or available assets with
which to pay it.
The President Of the road has been say
ing, N his reports, for several years, that
he had on hand TO meet this liability some
twenty thousand coupons detach-
ed from Slate bonds, and
some BlOunt county bonds, and
some judgments at Knoxville against one
Mabry. The very fact that the President
cOnfesses that he has the BlOunt county
bonds, and the Mabry judgments show that
the bonds Of the State, and of your county
and ours. issued TO him for the construc-
tion Of the road, have, to the extent of the
securities at least, been converted in some
way and used for other purposes than that
for which the State and county aid was
given.
And further, for two years past the Presi-
dent has been saying he did not want the
control Of the road longer than one more
wear, and that he could and would within
that time relieve the road from its embar-
rassments. We Of our county have in
dulged him, trusting to his promises, and
out of consideration to what appeared TO be
the wish Of Davidson county. But the re-
lief does not come; we have trusted in vain,
and the burden upon the road is as great
now, if not greater, than it was one year
ago. Seeing that no good and no relief
was to come Of delay, our County Court at
its last Quarterly term instructed against
the present management Of the road, and
asked, at least, the election Of a new
President who will give all his energy
and time 70 looking after the road and
by that means, if possible, give some relief
to the taxpayers Of the two counties, upon
whose SHOULDERS the burden must at last
fall if there is not an early change for the
better.
The report Of the President shows that
the net profits of the road for the first three
years was about $4,000, and that its gross
earnings for the fourth year was So, ,265.19
and that the net profit on the large gross
receipts was only S5,34S.4S, showing the
actual expenditure Of 30 per cent. of the
amount realized for the years work, and
vet his report fails to set forth, except in
general terms, for what and how it was ex-
pended. But, however much or little the
road may have made, We know that not one
dollar Of it has yet been applied to the re-
lief Of the people. We believe by proper |
management the road can be made TO stand |
the burden Of taxation with the people. |
And we, who have with yOu, a COM |
mon interest in the road, and in the |
business Of This county, appeal TO yOu-l
to use your influence, and your /
stock, in such way as will result |
in a change Of the present management Of |
the road. Very respectfully,
BURK * Brown, Grain and Produce.
B. A. TAYLOR, Boot and Shoe Dealer.
II. NJ. WHITEsCAEvER, Saddle and Har- |
ness.
THOs. JENKINS, Family Groceries.
W. L. CARTWRIGHT, Dry Goods Mer-
chant.
* SOS, Groceries and Hardware.
J. W. CARTWRIGHT, Clothing and Fur
niture.
W. IL. Brown, Dry Goods Merchant.
DODsON & Cox, Hardware Merchants.
GwYNN & PEYTON, Druggists.
A. r. DAVIS, Dry Goods Merchant.
A. Il. FONvIII.E, Grocer.
e. STRATTON, Dry Goods Merchant.
r. GREEN, Merchant Tailor.
J. w. MCFARLAND 4 Co., Druggists.
I. j. LEA, (Fim Of Lea Bros Groceries
and Produce.
5. II. MATHERLY, Boots and Shoes.
HANCOCK * HAWKINS, Dry Goods, etc.
". II. BURKE Il Co., Boots and Shoes.
L. M. CARTWELI, Saddle and Harness
Manufacturer.
PRICE & Patty, Dry Goods.
!. BLAN, Dry Goods, Clothing, esc.
!. N. FAKES, Merchant, (Of the firm Of
Blythe q. Fakes.)
TOHN d. OWEN, President Second Nation
al Bank.
J. A. CARTER, Leaf Tobacco Dealer.
n. NJ. CANTRELL, Teller Second National |
Bank, Lebanon.
I. Y. RIDDLE, (and report or preface sub
stantially true, as 1 understand it,
!. G. STRATTON, Clerk Of Wilson County
Circuit Court.
T.-J. STRATToN, Cashier Second National I
Bank, Lebanon.
}RITTON Il BONE, Produce and Grain (
Dealers.
tAsON & FISH, Carpenters and Joiners.
!. d. LESTER, Miller.
/. HARDING, Jeweler.
!. DRIFOOS, not in any particular business
expects to 60 in business as soon as
we have a change in officers Of the !
roads a stOckhOlder 70 a small
amount, and paid in full.
/. L. BERGAE, Postmaster.
/. S. WILLIAMS, Tin and Hardware.
BENNETT * ALLEN, Timers.
Z. w. LEWIS, COnfectiOner In
7. W. LEWIS & SOE, Carriage and Buggy