Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-09-08
The Memphis ANA Charleston,

Ne1hNAAo AmoiAcAnf
Changes we're made in the officers
and directors OF the Memphis and
charleston railroad yesterday, which
put the organization under the same
control as the East Tennessee, Vir,
GINA and Georgia. William NJ Far.
rington, Of Memphis, Tenn; j II Kerr
shaw, OF Philadelphia; 7 W Evans. Of
New York; W r Rison, of Huntsville,
Ala, aud John s Wilkes, of Pulaski,
Tenn, retired from the board. Their
places were taken by Judge o A Loeb
rane, OF Atlanta, Ga; General Samuel
Thomas. President of the East Ten.
nessee; Thomas Shethar, President Of
the Ohio Central; John T Martin, who
is to 60 into the East Tennessee board
at the next meeting, and Captain
Calvin s Brice. Those who remained
were Jerry Baxter and G NJ Fogg, Of
Nashville; r Dudley Frayser, Samuel
Tate, jr, Napoleon Hill and j Addison
Hayes, Of Memphis; Addison White.
Of Huntsvil lie, and Colonel Thomas r
Sharp, Of New York. General Thorn.
as took the place of Mr.. Baxter
as President and Mr.. Baxter
Of Colonel Sharp as Vice
President. General Thomas stated in
the morning that Mr.. Baxter would
be expected to continue in the man
agement Of the affairs Of the company.
aud paid a tribute to the energy and
ability which Mr.. Baxter displayed
in prosecuting the fight against the
East Tennessee, which was at last ter
minated by a purchase of a majority
Of the stock. New York Times.
We note the settlement Of The long
fight between the Memphis aud
charleston and the East Tennessee.
V%rsinia and Georgia railroads with
pleasure.
Jere Baxter inaugurated this fight
on behalf OF the stockholders of the
Memphis and Charleston = himself
becoming a large purchaser of the
stock which he had carried on margin
through the long contest. The issue
that he made up was an attack on the
lease which the East Tennessee, Vir.
ginia and Georgia road had OF the Mem
phis and Charleston. This lease he
attacked on various grounds. But the
lessee being 10 possession had greatly
the advantage, and besides it was one
Of the strongest railroad combinations
10 the United States. The contest
has lasted over two years. Sometimes
he was on top and sometimes the big
syndicate was uppermost; it assumed
every phase. Sometimes it was in the
shape Of a surrender Of the lease, and
then again in the shape Of q freeze
out for the stockholders. Nothing
but first rate talent and first rate
pluck and untiring energy could have
succeeded against this powerful syndi
cate. The whole plan Of the fight,
from beginning TO end, was Jerre
Baxter's. OF course, he had the ad
vice Of his counsel that the lease was
void, but TO carry all the stock on
margins, as nearly all the stockholders
we're doing, through a long contest,
with a rich company whose interest
was to keep the stock down, required
financial ability as well as e1traordi
nary energy.
Young as Mr., Baxter was, the stock.
holders relied on him with great con
fdenoe, and at last he came out victo-
rious General Sam Thomas, the great
manager Of the Seney syndicate, did
a wise thing as we'll as a handsome
thing in realizing the great ability Of
Mr.. Baxter by retaining him in the
management Of the road. As a finan
eial move, though at times during the
contest, 1t threatened ruin, the result
proved quite fortunate for our young
friend. This result places Jere
Bax or where he will be able TO show
what he is worth, and We predict for
him a bright future as a southern
railroad man. Having occupied a close
and confidential relation to Nh. Bax
ter through all this contest, the writer
I kes the greatest pleasure in predict
ing for him that success which extra
ordinary talent, indomitable energy
and the highest order OF integrity al.
ways secure.