Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1886-07-31
BOND HOLDERS MEETING.
The L.A.&T. Subscribers Take Action In
Regard To The Suit With The [. &N.

chronicle reporter noted the presence
OF the following gentlemen; there
may have been one or two more whom
he failed to observe:
Henry Frech, Joe Fowlkes, B. w.
Macrae, M. A. Stratton, Piedmont
Gerhart, A. Howell, R. w. Roach,
John Hurst, G. B. Wilson, W. S.
Poindexter, w. A. Quarles, Thos.
Herndon, J. J. Crusman, ]. F. Couts,
Thos. Rhoner, B. H. Owen, J. j. West,
L. Bloch, Jerome Duncan, ]. W. Rice,
of Dover, John Shelton, Quint Akin
son, Jr., VIM. Coulter, Ed. Whitfield,
Jnc. Cunningham, R.H. Burney, M. H.
Clark, James Kennedy, NJ. v. Ingram,
w. o. Brandon, G. M. Bell and the
Chronicle reporter.
Mr.. Henry Frech presided over the
meeting and on taking the chair said
the object of the meeting was ito de-
wise means to protect ourselves in this
suit against the L. & N. and other par
ties"
Mr.. r. w. Roach presented series
OF resolutions which were read by Mr.
G. M. Bell.
The resolutions brought forth con-
siderable discussion and two amend
ments were made that were suggested,
one by Mr.. Herndon land one by Mr..
Macrae. Mr.. Herndon thought the
statement that the L. &. N. had refused
to make any satisfactory proposition for
the completion of the I. A. & 7. road
ought to be stricken out. Mr.. Clark
wanted to know what kind of o propo-
sition President Smith had made when
he was here and Mr.. Herndon undertook
to state it. Mr.. Howell and Mr.. Macrae
differed with him in some particulars
as to the nature Of Smiths proposition.
Gen. Quarles made an eloquent speech
and several other gentlemen had some
thing to say.
Finally, Mr.. John Hurst after vigo.
rous talk mooved the passage of the
resolutions as they stood and the mo-
ton was carried.
Mr.. Herndon in the course Of the
discussion denied very emphatically
that he had any bias towards the L. &
N. road, and offered to give $1,000 tow
ards the completion of the |. A. & T.
to Princeton if Mr.. Hurst would give a
like amount.
The resolutions as passed were as fol-
lows:
Whereas. The Louisville & Nash
vile Railroad Company claims to be
the owner of a large proportion of the
Indiana, Alabama & Texas Railroad,
and
Whereas. The said J.. &N. r. R.
Co., has filed various suits in the Fed
eral Court at Nashville, against the /.
A. & T. R. r. and all parties interestep
in Isaid road; setting fourth serious
charges of fraud, etc. and praying
| the Court to appoint receiver and take
steps to foreclose the Mortgage, and
protect complainant, etc, now, there
| lore,
| Resolved. That we, the citizen sub
scribers to the bonds of the said l. A. &;
7. r. r., who paid the money for the
building of the road, and for who's ben
eft the mortgage was executed, regard
the movements OF the L. & N. Company
as hostile to the interest OF the COM
munity, movement to defeat the COM
pletion OF said /. A. Il T. R. r., and
| prevent the establishment of any other
communications with other parts of the
country.
Resolved further, that this view is
sustained in the fact that the L. & N.
purchased bonds with full knowledge
OF all of the Objectionable points 4, W Sc
forth in the bill of complaint, and after
the purchase declined through its pres
dent all reasonable terms TO aid the cit
liens in completing the road, in the
event Of gaining possession.
| Resolved, further That we, the
subscribers in council assembled, pro
test against such interference in public
affairs by public corporation; that it is
wanton in purpose, unjust and in bad
| faith toward people who aid literally
in its establishment and whose good
will and constant support it has Away,
had
| Resolved further. That we cannot
afford to lose the investment and the
benefits of so great an enterprise, and
that it is the sense of this meeting thai
we the subscribers should properly take
such steps as are necessary to meet this
aggression upon our rights and property
in the way it deserves, and that the
community should stop nothing shor
of securing ansanother outlet.
| Resolved further. That the Chair is
hereby instructed to appoint commit
tee of five or more subscribers, author
lied to proceed at once to organize the
subscribers for unity of action to pro
tect their individual interest as well a
the public good. To employ gooC
council to look into the situation, rails,
money to pay council and take what
ever action may be though bsst.
The chair appointed the following
]