Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1886-08-14
THEC. &O.R. r.
THE PROPOSITION 1T MAKES TO THE
PEOPLE OF GAINESVILLE
What was Said and Done at the Meeting
TUESDAY Night

A large and representative meeting
OF citizens and subscribers TO |. A. & T.
bonds was held at the Court House last
Tuesday night. Capt. J.J. Crusman
was made chairman. Mr.. Merritt stat
ed that the object Of the meeting was to
consider the proposition made by Gen.
Eckles on behalf OF the Chesapeake,
Ohio & Southwestern Il. II. Co. to the
l.. A. & I. bondholders and the city OF
GAINESVILLE. He then read the PROPOSE
ton which is as follows
A contract has been entered into bearing
! date of July 20, 1885, by and between Il. q.
Gordon, party of the first part and the Chesa-
peake, Ohio 4 Southwestern Railroad Co.,
party Of the second part, by which contract
and by a subsequent agreement between the
parties, under certain conditions hereinafter
defined, the c. o. & =. w. II. II. Co. will be-
come the owners of nearly the entire capital
stock of the Indiana, Alabama d Texas II. r..
Co., the franchise of the West Kentucky and
Tennessee Railway Co., and thereby is inn
pose upon them the following obligations
LIST. Completion of the Indiana, Alabama &
Texas Railroad to Cerulean Springs and the
change OF Its guage to standard guage.
End. To build railroad, also standard
guage, from Ceruean Springs to Princeton or
TO point in the vicinity thereof, either I'M
der It's own charter or that ofthe West Ken
lucky and Tennessee Railway Co. A compli-
ance with the following conditions will bind
the G. o. as. w. r. X. Co. to build the roads
and do the work as above referred to;
1t Contracts of some valid form with To-
Cal subscribers to bonds OF tho |. A. & T.. II. r.
Co., assigning their right, title and interest In
same and the placing OF these bonds to the
amount of $4,000 in escrow In the hands OF
r. A. Robinson, special trustee, Louisville,
KY, to be held as are all other bonds and
stocks described In said contract, TO be held
By said trustee until the G. o. IS. w. r. r.
Co. builds the roads and does all that is re-
quired to do by said contract.
End. A subscription TO the stock OF the l. A,
q 7. II. r. Co. or to West Kentucky and Ten
nessee Railway Co. of $4,000 by the city OF
GAINESVILLE, bonds to bear six per cent. inter.
est. The company for whose benefit the sub
scription is made shall pay for said bonds
$4,000 of Its own per cent. preferred stock.
3rd. The placing In the hands of said truss
tee by E. c. Gordon certain amount of stock
of the I. A. & T. r. r. Co. which will consti-
tute largely more than controlling interest
in same.
4th. Rights and title to the franchise OF the
West Kentucky and Tennessee Railway Co.
5th. Certain other bonds OF the 1. A. & T.
r. r. required to be delivered by said Gordon
other than those owned by the L. d N. r. r
l.. xlx,o.
9th. Favorable results from negotiations
now pending between the citizens of Hop
kinsville respecting the building of a branch
railroad to that place.
Mr.. Daniel spoke favoring the accep
lance OF the proposition and read the
following contract to be submitted to
subscribers
We, the undersigned subscribers to the
bonds of the l. A. & T. II. r. Co., each one act
ing for himself, hereby agree with E. G. Cor
don, who Is the President of said company
thatwe will assign and transfer all OF our in
terest in the capital stock and first mortgag,
bonds OF said company to Il. A. Robinson, o
Louisville, KY, to be held until the 10th O
August, 1887, or such time before that as tn,
work hereinafter provided for shall be done
Upon the consideration that he will procur
contract with the Chesapeake, Ohio
Southwestern Railroad Company, by which
said company shall agree to make of the In
diana, Alabama q Texas R. r. Co.'S presen
road a standard gauge road from Clarksville
Tenn, to the end of Its graded road near Ce
rulean Springs, KY, SO that said road from
GAINESVILLE, Tenn, to or near Princeton, KY
part of the Newport News and Mississippi
Valley System, and shall procure valid re
lease of said subscribers from additional pay
ments on their said subscriptions.
But the above bonds and stocks shall no
be turned over to said Gordon or his assignee
until the said road from GAINESVILLE to or nea
Princeton shall be built and equipped. Thi
agreement shall not be In force after sixt,
days from this date unless said Gordon shall
have made and obtained valid contrac
with the said G., o. & S. w. r. R. Co. to &C
complish and carry out the undertaking
above provided for.
1t is further understood that this contrac
shall not operate so as to interfere with an
action that said subscribers may think nee
essary for the maintenance of their rights b.
suit, and 1t is further agreed that the worl
above provided for shall be done within
twelve months, otherwise this contract j
not to be binding, but to become void, an,
said bonds and stock are to be returned to us
This Aug, 1885,
]. M. Rogers II. G. Merritt,
Henry Frech. VIM. M. Daniel,
Tagree TO giUe all my r. w. ROUGH,
right title and interest Coulter Bros.
IN bond subscriptions TO ]. D. Neblett,
The l., A. & T. R. IL. lily Kennedy,
Co. 10 any person or Thos Rohner,
company IchO tCtttbtttldC c. w. Owen,
and equip q standard Q. II, Bailey.
g,tdge railroad 10 Smith, Clark & Co.
Princeton. j. f. Parker.
T. He7nClon. NJ. G. Northington,
Sam1 Hodgson, ]. N. Fowlkes,
L. B. Ely, w. b. Young,
j. j. CruSman, W. ii. Drane.
A. Howerl, Geo. s. Bowling.
Jno Hurst owen 4 Moore,
Il. I. Willis, NJ. A. Stratton,
Neblett & Titus, h. +. Henry,
VIM. Kleeman, ], G. Joseph,
Robert Mainhardt, ]. Duncan,
Kendrick, Pettus 20. p. y. Porter,
w. f. Beach, J. W. keeSee,
j. +. Wood, z. ID. Bailey,
Pat. Sullivan, Brandon 4 Barksdale
r. ID. Moseley, X. ID. Reed,
l.. Gauchat, A. Ewing,
Louis Mitchell, Jno. f. Couts
u Al porly 10 II u Wisdom