The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-08-24

the best mode OF suppressing tho intended
outbreak and massacre. After discussion
, II was agreed that the following ring lead
ers, JACK Turner, j. u. Blarnoy, Close vii
son, Peter Hall, willis Lyman, Robert
Scott and Range West, to whom had been
assigned the duties of leading squads TO
Batter, Mount Sterling, Desolovilne and
other places and killing all the whites at
each place, should be arrested ana lodged
in jail Their arrest was affected on Thurs
day, 18th, without disturbance or blood
shed. On the same day mass meeting
of citizens of all classes was called for Sat-
urday to decide the fate of the prisoners.
The plot has been in existence since 1870,
and the conspirators now number 400. They
| have powder, shot and guns, and they
think themselves sufficiently strong to ac-
complish their fiendish design. Sunday
night, the 18th OF September, had been
appointed as the date for its consum-
nation; The papers, further, showed that
this day was selected because the
white people would be at camp.meetiDg,
and unarmed, and thus could offer no re-
sistance. A meeting called for Saturday
brought together 750, among whom were
about $50 negroes, who, after having pa
pers read, by almost a unanimous vote, de-
cided that Jack Turner was a tur-
bulent and dangerous character, a regu;,
lar fire brand in the community, and
that the public demanded his immediate
death. He was accordingly hung about
1:l5 p. m. in the presence of the assembled
multitude. The crowd dispersed and all
signs of disturbance ceased. Everything
was quiet Saturday night. The prisoners
are still in Jail to await further develop
mentS.
Meeting of Stockholders.
HUNTSVILLE, ALA, August pa meet
ing of the stockholders of the Memphis Il
Charleston railroad was held hers to-day,
and $4,00000o stock was represented. A
proposition to consolidate with the East
Tennessee, Virginia &c Georgia road was
unanimously declined. The directors will
appoint committee to meet the directors
Of the East Tennessee, Virginia &
of settlement of lease claims
by the road, so as to place the control OF the
Memphis & Charleston road in the hands of
the stockholders. 1t was stated by Vice |
President Joe Baxter and Colonel A. S.
Collier that General Thomas, president of
the East Tennessee, Virginia e. Georgia |
road, has assured them that the proposition
pay 100000 for the lease of the
road will be accepted. The
following resolution was unanimously |
adopted: "Our board of directors are EN-.
powered to issue additional stock and dis |
pose of same under the directions of the |
board to such an amount and at such a
price as the board may direct. Said board |
of directors to appoint committee, which |
under the direction of the board is to heve |
power to make the stock issued common |
stock, to determine how and what manner !
said new STOCK shall be voted, but in no
event to interfere with the rights of the
present stockholders as to the. dividend,
unless the same shall exceed per cent.
per annum, and in no event is
the stock to be issued to ex-
ceed in amount the stock now
outstanding. Such outstanding stock is then
to become preferred stock to the excess OF 6
per cent. per annum and the earnings of
the company in excess ofG per cent. OF pre-
ferred stock shall be applied TO the COM
mon stock until they reach G per cent, |
equally divided between preferred and
common stock providing present stockhold- |
ers shall have the right for a reasonable |
limited time to purchase said new stock in
proportion to their present stock at price |
to be fixed by the board of directors"
1t was also resolved that the directors
have authority to issue AS per cent.
mortgage bonds, which the company has a
right TO issue but which were never issued.
to be applied to liquidating GER
tain debts of the road, or such
other interest of the road as circum |
solved, in event of the cancellation of the
lease, that the directors make such AMIGA |
BILE arrangement with the road as may
effect an interchange of business between
the two roads. No change was made in
the d directorv or officers of the road,