Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1880-01-21
PRESIDENT COLE ON THE WAR.
aft PATH.
Possibilities of Further Sensational
Developments in Few Days.

Developments in Few Days.
/ Especial to the Cincinnati Commercial
| NASHVILLE, Tenn, January 49,
The excitement over the purchase of
the majority of stock in the Nashs
Vile, Chattanooga and st. Louis Rail-
road Company by the. management
OF the Louisville and Nashville and
Great Southern Railroad, remains
undated. The deepest and most in-
tense feeling prevails among all
classes. The greatest indignation is
expressed against V. K. Stevenson
and g. M. Fogg, not for having sold
the stock (Which it is admitted thew
had a perfect right to do), but In
having sold majority of the stock
without ever having given the Nash.
Vile, Chattanooga and st. Louis the
slightest opportunity to bid against
the Louisville and Nashville and
Great Southern. Had they given the
least intimation OF what they pro-
posed to do; had they said to those
cities that they desired to sell their
stock, it is asserted that the amount
of money necessary would have been
raised by President Cole within
twentyfour hours. Instead Of doing
that, they went without warning
over to the enemy, thus bringing
upon Nashville, Chattanooga and At
lsnta what is considered a positive
calamity.
1t was thought that these gentlemen
would not have go completely gone
back on the interest of Nashville,
Stevenson having risen to b1lluence
from day laborer on the Public
Square, and Fogg grown rich from
her patronage. The feeling is 80 strong
against these gentlemen that 1t is cur-
rently reported that an Indignation
meeting will be held here tomorrow
night, at which they will be burned In
effigy.
The sympathy has increased in
favor of President Cole, who has been
set adrift by his principal stockhold-
ers, to such an extent that his name
has frequently been mentioned to-day
in connection with the next Governor
ship. Cole has intimated TO his
friends that II he had had any warm
ing that he was to have been sold out
he would have prevented It, He also
intimates that he has not yet been
foored, and that there may be an early
move which will place him again in
the ascendency. AS to what that
movement will be it is not known. 1t
Is well understood, however, that the
contract with the Georgia Central is
still open, the Directory of the Nash
vile, Chattanooga and st. Louis Rail.
way not having accepted it. 1t is also
well known that this contract was OBJ
tanned through his influence, and that
he has virtual control of it,
Victor NewcOmb, at present In New
York, telegraphed TO President Cole
to.day, asking him to hold under con-
until they could have conference
under his control. Cole could give the
kew to the Cincinnati Southern to
and thus defeat the plans
of the Louisville and Nashville Rail.
road management. Cincinnati might |
in fact cap the climax by elec,ing Cole
President of that line.
The people of the South have per-
feet confidence in Cole and his man
agement, he having, in eleven years,
advanced the stock Of the Nashville,
Chattanooga and St. Louis Railroad
from fifteen to ninety five cents. The
fact that President Cole left here to-
night for Chattanooga gives rise to the
supposition that his mission Is one OF
unusual importance. Itis thought he
will go through to Atlanta to have
with Wadleigh, Presi-
dent of the Georgia Central.
Reports are rife here that the people |
OF Chattanooga and Atlanta, and all
Intervening points, are greatly exer'
cised over the sale to the Louisville |
aud Nashville and Great Southern.
The people OF Nashville are strongly |
in favor Of forming connection with |
the Cincinnati Southern, even II a
road has to be built distance of l25
miles.