Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1886-03-06
THE /. A. & T..
WHAT WAS DONE AT THE MEETING
SATURDAY. NIGHT.

the cHnoNIcLE OF Friday, signed by
Messrs. II. G. Merritt, w. NJ. Daniel,
B. ". Mscrae, A. Howell, d. N. Ken
nedy, I. Herndon and c. G. Smith, a
limited number Of bond-holders and
business men gathered at the Court
House Saturday night.
Mr.. Howell was made Chairman and
he called on Mr. Merritt to explain the
object OF the meeting. Mr.. Merritt
said in substance, that the road was in a
deplorable condition and had come to n
stand still. Considering this state Of
affairs, self constituted committee,
consisting of four or five bond subscrl-
bers, he being one OF the number, had
had two interviews with Major Gordon
as to what could be done. "Itoccurred
to us" he said "that rs the present
management had no means OF carrying
on the work on the road, it should take
INTO the directory some OF the bond
subscribers who have a great interest
in the road, perhaps more than any
one.' Tho present directory, Mr..
Merritt asserted, is composed of men
scattered over three states and none OF
them represent subscribers, Judge
Smith having resigned. eve suggested
osMajor Gordon the propriety OF con
stituting directory, composed of
citizens OF GAINESVILLE and along the
line. Major Gordon took this into
consideration but has shown no willing
ness to comply with its terms. This
meeting was called in the hope
that some one might have some pract-
cal project to suggest
The chair called on Mr.. Kennedy
to make a suggestion. Mr.. Kennedy
begun by saying that he didn't know
anything to suggest, ~ am not sug-
gestive man. The gentlemen who
conferred with Major Gordon, had seen
that there was nothing tangible that
they could effect, and had agreed
to call this meeting. He to
some extent recapitulated what Mr..
Merritt had said, saying further that
Major Gordon had admitted for the first
time that he couldn't build the road.
1--WE insistsd he should hand over
the organization he controls toa local
board OF directors insisting that he be
one of the board. We stated if that
was done we could probably make an
arrangement by which the road could
be finished and something saved. He
made us the proposition that ii we
would secure $4,000 out of $4,000 in
debts for which he WAS personally obi
gated, he would hand over the whole
concern. We tried to show him that
was impractical and that we we're under
no obligation to him. He wouldn't
agree to meet us next day.
If he had agreed to our proposition
we hoped to make an arrangement
with some organized company to take
the road and finish it. We thought il
best to call meeting that would have
authority to enter into such negotia-
lions. 1t is strange that Gordon does
not see that this is due us. We wanted
TO join Gordon in negotiating with
other roads but he wouldn 'tagree toit."
DR.. Beach said that it was folly to
onger look for anything from Gordon
md the best thing to do would be to get
aim out OF the concern. He wanted to
know If Major Gordon had ever paid up
he 100000 of stock for which he
subscribed.
Mr. Merritt said Major Gordon ad- |
nitted that he had never paid cent
,f it.
DIR. Beach wanted to know if this
give the GAINESVILLE subscrib-
RS who had paid for their stock
'ome right in equity to put Gordon
)ut
MIR. Merritt said there were but two
egal modes OF procedure to this end.
)ne was to foreclose the mortgage on
he road when there had been default
n! the payment of interest. This could
lot be, done before September. The
,ther was for the subscribers to file a
,ill
Dr.. Kenne ly said the people couldn't
lfford to wait the time that legal pro-
would require. "If the road
hOuld be sold we would not be able to