The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1908-02-14

ABOUT $4,000 TO BE PAID BY
DAVIDSON FOUNTAINS TO IN
SURE PRoJECT-MANY PROM
NENT NEGROES HAVE SUB,
SCRIBED-ALL OF THEM WILL
PAY ON DEMAND-A NEW ERA
DAWNS IN THE BUSINESS CA.
REER OF RACE.
There can be no doubt that Nash
vile is now marching steadily on to
the realms of fame and is to lie one
of the great cities of the world. She
is now rated among the historic
places of this southland. Her record
and the battles fought in and around
this vicinity during the past gives her
no mean place in the eyes of the peo-
pla," said q travelling man the other
day, when he saw the movement to
bring the new railroad to this city, and
was informed of the concessions al
ready made for it by the people and
the city. when this road enters
Nashville there will be at least ten
Negro stockholders representing a
holding of several thousands of dol
lars" This alone shows that in the
dawn of this new age of development,
the Negro citizen of Nashville is show
ing himself equally as interested as
any people. He is doing his part well.
There will be more activity when
more encouragement is given Such
men as Preston Taylor, j. G. Napier
R. F. Boyd, w. A. Crosthwait, John
Grant, r. H. Boyd and others who sub,
scribed for stock in the new road
make it possible for great holdings for
the Negro. An account Of the new
movements would no doubt interest
property owners:
A bill granting the Nashville
Huntsville Railroad a right of way
into Nashville was introduced into the
City Council Thursday night by Coun
cilmen |. p. Cohen and j. r. Mason
and the matter of collecting Nashville
subscriptions will be started at once
r, S. Hollins, Jr., being Chairman o.
the Stock Subscribers Committee. L
Nashville subscriptions to the amour
of something like $4,000 are prompt!
paid the contractor is ready to begiI
work by March 1. No doubt is enter
tanned regarding the passage of tn,
bill in the Council, and whether or no
the road will be built depends on tn
Nashville subscribers.
Marshall County has $4,000 ready
Giles has $4,000 in bank and agree
on call to put $4,000 more, and T. W
Pratt, of Madison County, Ala, say
his cOuntys subscription of $4,000
will be ready next week
Chairman Hollins, assisted by L. I
Fite and probably others, will collec
and receive the local subscription an
deposit all moneys to his credit a
Chairman in a local bank, none of tn
money to be used until the terms Q
the receipt which will be given hav
been complied with The receipt i
wOrded as follows:
Said payment is made to R. S. Ho
, Inns, Jr., Chairman of the Stock Sui
r scribers' Committee, to be deposite
by him, in his name, as Chairman i
: ........ Bank, and so held on d.
post by him until I. L. McCord, tn
contractor for building the Nashvill
& Huntsville Railway, shall deposit i
T. said bank approved standard secur
ties in amount sufficient to secure til
subscriber the repayment of I'll
f amount paid by the subscriber, wit
interest at the rate of per cent pc
annum, with a contract of hypothec
l. ton authorizing said bank to sell sat
securities so deposited, and out of Il
proceeds make repayment to each SUI
scriber when and as herein provide
upon the deposit of said securiti
and contract of hypothecation with Il
II bank in which the money paid by Il
subscribers shall be deposited the
n said money so paid by SUBSCRIBE
shall he paid to I. L. McCord.
'In case the contractor, l. L, M
y Cord, shall default in the fulfllme
Of his contract
&c ITO build and complete said roa
e or
"shall fail to commence the work