Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1880-11-19
MEMPHES AND CHARLESTON
ROAD.
Meeting and Action of the stock
holders and Board OF Directors,
memphis Appeal. Wednesday,

nolQerS ana Board on Directors.
[Menphis Appeal. Wednesday,
The annual meeting of the stsck-
holders of the Memphis and Charles
ton railroad company was held yester-
day st the German CasinD club hall,
corner of Second and Uuion streets,
quite number OF stockholders being
presert t. On motion, Mr.. Thomas G..
Barrett, OF Augu t., Gs., was selected
as chairman of the meeting, and MIR.
0. L. Ambrose wts selected as secre-
tary.
a resolution was pfeSeD tad and
adopted by the meeting approving Cf
the present policy and management by
the officials Of the company as to the
Improvement Of the property of the
company.
Another resolution was adopted
authorizing the president and board
of directors to encourage the
movement made to erect build
ing on Center landing in this
city, for grain and package elevator,
so as to prepare for and increase the
facilities for the shipment of freight to
and from the city.
. The following board of direction was
elected for the current year: E. Nor.
ton, w. w. Garth, Louis Hannauer,
George P. Beirne, Napoleon Hill, j.
D. Rather, E. w. Cole, G. M. McGhee,
r. It. Wilson, F. 81. Gosse,t, James c..
Neely, Joseph Wheeler, Addison
White.
4 fter transacting and discussing
some miner business the meeting ad-
journed.
flor tho odiournn,ank ~ +ha n,aat
ing, the board Of directors held meet
officers of the road for the ensuing
year: R. T. Wilson, president; E. w.
Cole, vice president and general man
ager. Mr.. Cole ia also president Of the
East Tennessee, Virginia and Georgia
and the Selma. Rome and Dalton rail-
roads. s. R. Cruise was elected secre>
tary and treasurer. Captain John a.
Grant was appointed general superin-
tsndent.
On motion tha meeting adjourned.
Speaking ediiorially OF the meeting
the Appeal says:
At this time last year the stock of
that road was Offering plentifully at
very low figures. On November 2lst
the price bid was ten cents, and lot
sold brought eleven cents. Now forty
cents is got readily, but few holders
will part with what they have, and an
advance that will not stop short of
fifty cents by New YEARS. is very con-
fidently predicted. The bright pros
poets Of the Memphis and Charleston
railroad, the assured promise of an i'm
port2ni future for it, increase of busi-
ness, more prominent and advanced
position as an important road, with
connections widely extending it's bust.
ness and increasing its profits, assur-
ing good ana regular dividends to its
stock khclders-al these things, beside
various favoring influences that have
developed themselves, give strong ex-
pectation that its 30 letely despised
stock will become valuable property,
and It's shares pay handsome divi-
dends. With this change , the aspect
of the affairs Of the road, 81 ong confi-
dence is felt that the near future will
see that stock reach a figure that will
give the Memphis and Charleston no
despicable place in the share market,
and make its quotations respectable
and worthy of the excellent road that
gives them their value.
After further enumerating the ad-
vantages and benefits, it says:
Who did all this? Who raised up
the moribund corpse and breathed life
into it? Who covered the miserable
skeleton with ample flesh and filled
out its fair proportions? Cole, Nc
Ghee, Ogden and the other intelligent,
intrepid, enterprising, courageous
men, who have toiled, and watched,
and thought, and persevered until the
night Of the Memphis and Charleston
railroad became dawn, and now the
dawn is bgrBting into day, and soon
the glad, dazzling light of prosperity
will be beamipg upon it with the rich
and dazzling corrusactions of assured
success and cheerful prosperity.