Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-11-10

Annual Report of Colonel e. w. Cole,
President of the Company,
Showing a Prosperous and Encouraging
Condition of Affairs.
The Vast System Still Reaching Out, with
Bright Prospects Ahead.
The stockholders of the East Tennessee,
Virginia and Georgia Railroad Company held
their annual meeting at their Office in this city
yesterday at IL o'clock. Nea rly all of the
stock of the company was represented,
either in person or by proxy.
The meeting was called to order by the
president, Col E. W. Cole, when, on mo-
ton, J. R. Anderson, Esq, of Bristol was
called to the chair, and r. H. Campbell,
Esq, appointed secretary.
The following named gentlemen were
elected directors to serve for the ensuing II
months, each receiving AT, 1929 votes:
E. W. Cole, of Tennessee; Calvin s.
Brice, Lima, Ohio T. G. Barrett, Augusta,
Ga.; R. H. Richards, Atlanta, Ga; Joseph
r. Anderson, Bristol; Samuel Thomas,
Columbus Ohio; C. NJ McGhee and E. J.
Sanford, Knoxville; W. G. Kyle, Whites
burg; A. N. Dennison, Columbus, Ohio;
George l. Seney, B. G. Mitchell, Nelson
Robinson, Samuel She.har and George J.
McGourkey, New York.
! Col. E. w. Cole, the president, read a
lengthy and interesting annual report to the
meeting, showing the company to be in a
| very prosperous condition, and explaining
| the vast system, of which the East Tennes-
see, Virginia and Georgia Railroad is the
heart, extending from Memphis and New
Orleans, on the Mississippi River, Meridian,
in Mississippi, Brunswick and Savannah, on
the Atlantic, to Harrisburg, Pa, in the
East, and Norfolk, Va, on the Chesapeake,
with the promise of early completion of the
Morristown extension into North Carolina,
and the extension of the Knoxville and
Ohio, under contract to be completed by the
1st of July, 1882, which will give connec-
ton, via the Louisville and Nashville Rail
road, to Louisville, and via the Kentucky
Central Railroad to Cincinnati and the West
generally.
He reported the work on the new lines in
Georgia progressing satisfactorily, and all un-
der contract to be finished by the
LIST of July, 1882, when this great system
will be interviewer and knit together, the
future of which is exceedingly promising.
| When tho lipLo ora ,o,,Dlo+a5 tho EaSf
Tennessee, Virginia and Georgia Railroad
Company will own in fee about 1920 miles,
but the company has leases and contracts,
connecting with it, aggregating, in all, 2579
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. Railroad Company, occupying the Gen.
trail position in this network of railways,
must make it exceedingly valuable. Al
ready its large earnings are attracting the
attention of capitalists to its securities from
all over the country, and they will be ap-
preciated still more, as its already large
earnings are increased by the completion OF
the connections referred to above, and the
further developna ent of the country
Resolutions were presented and adopted
ratifying and endorsing the action of the
directory, in the matter of the various pur-
chases, leases, acquisitions and other trans
actions from time to time, of which men
ton has been made in these columns.
After the transaction of other business Of
a routine character, the convention ad
journed to meet in the company's Office il
Knoxville, Wednesday, January IL, 1882.
The continued prosperity and success 0
this great and powerful railroad combina
ton, under the brilliant and skillful manage
ment of its able president, Col. Cole, SHOULD
be and is source of pride and qualification
to Knoxville, which is the real head cente
and hub of the great net work of wires, ant
in fact to all the surrounding
country. All our material inter
ests will be perceptibly effected b.
, the location in our midst of the active cen
trail headquarters of this great system, whic
is continually expanding and extending it
influence and power, and Colonel Cole all
his coadjutors should have, as they Gel
: tainly have, the hearty good will and sym
# pathy of all who have at heart the buildin
/ up of our country, and the development c
$ its vast resources.
The Christian Advocate
" says: ga general complaint that spare
neither class nor condition of person,
seated in the liver It may be truly sal