The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1881-11-16
E. r., "a s Cd. RAILROAD
ELECTION OF A STRONG AND INFLUEN-
TIAL BOARD OF DIRECTORS.
ANNUAL REPORT OF COLONEL L. W. COLE,
PREsTDENT OF THE COMPANY

PRESIDENT OF THE COMPANY.
From the Knoxville Chronicle, Nov 10.
The stockholders of the East Teanes-
see, Virginia aud Georgia Railroad
Company held their annual meeting at
their Office in this city yesterday at 10
o'clock. Nearly all Of the stock of the
company was represented, either in per-
son or Dy proxy.
The meeting was called to order by
the president, Col. E. w. Cole, when
on motion, j. r. Anderson, Esq, of
Bristol, was called TO the chair, and r.
Il. Campbell, Esq, appointed secretary.
The following named gentlemen were
elected directors to serve for the ensu-
ing - months, each receiving All, 1921
votes:
E. W. Cole, of Tennessee Calvin S.
Rice, Lima, Ohio; 7. G. Barrett, Au-
gusta, Ga; r. H. Richards, Atlanta,
g.; Joseph r. Anderson, Bristol; Sam
uel Thomas, Columbus, Ohio; G. NJ.
McGhee and E. j. Sanford, Knoxville;
W. c. Kyle, Whitesburg; a. N. Den
nison, Columbus, Ohio; George 1.
Seney, B. G. Mitchell, Nelson Robin
son, Samuel Shethar and George j.
McGourkey, New York.
Col. E. w. Cole, the president, read
lengthy and interesting annual report to
the meeting, showing the company 10
be in very prosperous condition, and
explaining the vast system, of which
the Eat Tennessee, Virginia and Geor-
gia Railroad is the heart, extending
from Memphis and New Orleans, on the
Mississippi River, Meridian, in Missis
sippi, Bruins wick and Savannah, on the
Atlantic, to Harrisburg, EPa., in the
East, and Norfolk, Va, on the Chesa~
peake, with the promise of early COM
plction of the Morristown extension in
to North Carolina, and the extension Of
the Knoxville and Ohio, under contract
to re completed by the 1st of July, 1882,
which will give connection, via the
Louisville and Nashville Railroad, to
Louisville, and via the Kentucky Cen
trail Railroad 10 Cincinnati and the
West generally.
he reported the work on the new
lines in Georgia progressing SATISFACTORY
ly, and all under contract to be finished
by the 1st Of July, 1882, when this great
system will be interwoven and knit to-
gether, the future of which is exceed
ingly promising. When the links are
completed the East Tennessee, Virginia
and Georgia Railroad Company will own
in fee about II 0 iii $, but the comp ny
has leases and CONTRACTS, connecting
with it, aggregating, in all, 1919 miles,
which the company either owns, or
have contracts with other companies to
run over their roads.
The property of the East Tenn, Va.
and Ga. Rarilroad Company, occupying
the central position in this network of
railways, must make it exceedingly
valuable Already its large earnings
are attracting the attention of capt
talists to its securities from all over the
country, and they will be app ecisted
still more as it's already large earrings
are increased by the completion of the
referred to above, and the
further development of the country.
Resolutions were presented and adopt
ed ratifying and endorsing the action of
the directory, in the matter of the var
ous purchases, leases, aCqmsjti tons aud
other transactions from time to time, of
which mention has been made in these
columns.
After transaction of other busin 5 of
/ routine character, the convention al
ourned to meet in the cOmpany's office
n Knoxville, Wednesday, January II
1882
The continued prosperity and success
IF this great powerful railroad cOmbina- |
ion, under the brilliant and skillfuI |
management of its able president, Col. |
Cole, should be and is source of pride
md qualification to Knoxville, which is |
he real head center and hub OF the |
treat net work Of wires, and in fact to
ii the surrounding country. All our
interests will be perccptibly
ffected by the location in our midst of
he active ecentral headquarters of their
.reat system, which is continually ex-
auding and extending its influence and
ower, and Col. Cole and his coadjutors
hould have, as they certainly have,
he hearty good will and sympathy of
II who have az heart the buildinD up of
ur country, and the development of
IS vast rcSOnrceS.