Clarksville chronicle., October 12, 1872, Image 1

About Clarksville chronicle. (Clarksville, Tenn.) 186?-1872

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Tor Pure Dnigs, Cftettueaf J
Patent Medicines, Taints
Qihj ' Vaf fri$lic, "Window
Glas Pure "Vine( Brandy,
Whisky, Fine Tea and Spices
coll oti OWKN& M0OKK.
IOLE.
. AVwiiVij koi'i'l un hand ueom
pletc slock of Drug, Patent
.Medicines, Paints.Oil, Toilet
Articles, IVrfumcry, Brushes
etc. Cull and examine before
purchasing elsewhere.
f VOL. 49.
CLAHKSVILLE, TENN., SATURDAY, OCTOBER 12, 1872,
WHOLE NO. 2,233.
GHRON
OIF-
FALL ID MM GOODS
hi"
Rice, Broaddus & Co's.
Everything now and desirable in
COLORED AND MOURNING
DRESS GOODS!
Our stock of'
l Staple and Fancy
BUY GOODS!
Is largo and complete at Bottom Prices.
BOOTS .AMD SHOES,.-
of all kinds and qualities, with Zeidcr's to
head the list. The best sewed Calf Boots
for the price in the' market. Warranted
not to rip.
carpets,
all grades, and prices to suit everybody ;
from 25 cents up.
' 'WHITE GOODS,
in endless variety, cheap for cash. -
JSTQJ?3:C21STg3, ETC.,
loo numerous to mention. Call and see for
yourselves. Wo buy
cash, and can and will sell as cheap as any
one. Thankful for your liberal patronage,
we solicit a continuance of the same.
Kept 2S. IS72-tf.
New Shoe Store !
"V.-- L. WILLIAMS,
(Successor to J. V. JOUXSOX,)
B00TS,SH0ES,HATS,CAPS,
Valises and Gent's Furnishing Goods,
M 1 f ol 0i,iir,C,,liii'lvK ill,rr,oniiiss-it?c.
The slock has been greatly improved
by receipts of large Eastern purchases.
Please examine my goods before pur
chasing elsewhere.
A small stock of Notions, embracing
Ladies, Misses and Childrens Gloves, Ho
siery, etc., at bargain prices.
My aim To .sell the best goods at
moderate prices.
SAM, JOHXTSOIT, Salesman.
Si'pt. '.'.S, 1KTJ tf.
it. r itowi.iNn.
BOOTUItf &
TOBACCO
COMMtSSJOH
. iv. avvu kiioi tsi:,
4'iirnei' l'rcinl and
M.vlll Strt'i'tH,
Kill. HI r CoNSKlNUK.NTS IU It S.VMl'l.lNU AM SllI.IIMl ;Toil.UTO.
".I'l. Ill, 1171-lf.
BARKER & COURTS, iv.i.-:un.
1 I'm hii'ily hi' t lurksx Ille.i
HOI I 1 1 I. IKOt I (H
Photograpnor,
L I U O f( D i- A L E R S3 Nl,llll i-1'1" Market Hlicet, bet. IHll it I0:h,
I t.uikli't , ii'.ii ,' v.i II ,..-.! 1 1.
.1 , ll I I -. I'l .'- ' . .' i III
iiPlill !
for cash and sell for
J. J. THOMAS.
THOMAS,
FACTORS,
VNll-
MERCHANTS,
CLAKKSVILLK, TK X X KSS K K.
- -
RATES OF ADVERTISING.
NO. SQUARES. 1 1 MO 2 310 1 8 MO 0 MO 12 MO
I Hquara
1 Hnuiiri...j
3 Houarcs
2 50
5 00
7 00
4 fin 8 00
8 who on
9 00
12 (II
15 0i
20 01'
25 00
83 00
45 00
60 01.
,Rftfl
on rut
10 (M 1 2 00
12 OljllfilKI
26 00
80 Oil I
K 00 j
60 00;
85 00 ;
i Column
10 00
Column.,..,
1200 16 wi 20 oo
Column
16 00117 OO SVi 00
'Z Column..,.,
26 00 SO 00 1 86 00
30 00.86 0040 00
1 Column......
100 00
GEO. ALWELL,
IlKALCB I
FAMILY GROCERIES, C0XFEC
TIOINKRIES, TOYS, NOTIONS,
Corner Franklin and First Streets,
ClavltMvllle. Tcnn.,
Minnow and Till keen In store a full as
sortment of everything usually kept In a
flrst-clana Coiifuclioucry and Family ( i ro
te ry. Juno 16. '72-lf.
THE WORLD RENOWNED
ran mm mm
Over 40,000 more machine .old last year
ihuh niijr unit'i III u-7
Tl,n T n I I ... Mjnnrt!ll iHVltnil Iril1
at Almond A McUiir Photograph Gallery
uud examine tlirm.
W. A. HUELBYi Agent.
July 13, l72-3m
... 3X. 'A. LOWE,
WITH
GUILT & DODD,
Attorneys at Law
AND
SOLICITOUS IX CHANCERY,
No. 9 Cedar Street,
NASIIVILLK, TJEIVIN".
Prompt .Mention given to collection,
.luna 22, 1872-tim.
EOMOND B. LURTON.
CHAS. W. TYI.KR.
LUBTOH & TYLER,
ATTORNEY AT LAW,
CLARKSYILLE, TENN.
Will practice In the courts of Montgom
ery and Adjoining couutlc.
June 16,'72-tf.
W. A. QUAHI.KH. V. M. DANIEL
U. M. OUABLKS. .
Q uarles, Daniel & Quarles,
Attorneys at Law,
CLAHKSVILLE,
- TENN.
Will practice In tlic Courts of Moutgom
ervnnd adjoining counties.
April 27, 1S72-U' ,
II. M. 1X)AK,
Attorney at Law,
-ASO-
NOLK'ITOR IN' '1I AXt'F.R V.
Will practice at Clurksvllle, Dover and
ArlliiKlnn.
,.uilice, on Strawberry Alley, oppo.Hu
the i'ourt-houwo.
fill). 10, 1872-tf
TOMLINSON BROS.,
HOUSE AND SIGN PAINTERS,
PAPER HANGESS & GLASIE?.S
CLARKSYILLE, . TENNESSEE.
We nre prepared to tnko contracts for all
kinds of l'iki lit I UK- Leavo orders lit J.N.
liycis' prug More, np. ia-8ni
KICII'D ANDF.I1AOM. K. 8. 11HINOHITR.ST.
AXDERS0X & BRIXGHURST,
DKAtKIlS IS
COAL, HAY, SSAI1T, B3AU, ETC.,
KltAN'KUN 8TKEET.
CLAKKSVILLK, TEXN.
Doc 21. 171-ly
WINFIKLD jkWACII.
HAM. K. KAMEY
SOUTHERN HOTEL,
4 I.AIIUSYM.LE, - ir.XMSSKE,
ROACH & RAMEY, Trop'ra,
Tlilnliotnl hrtHhociii'ollUi'dnndreflirnl.slii'd
niuri'lill.TMf
ffl ONFECTIOei!
C. C. EVERETT & CO.
ftnve opened n flint clans Confectionery, at
MiirrlKuu'N old Ktimd, oiinMile the Court
II'iuhc, wlliyii elioico t'iliiteellon, of all
kiiuU, w ill tin ke(, at price to mill tliu
ti mes.
Ki'chIi Clnrlnnall lleer and (rrniii
.ilf. 1CH cold, lor all who luduluu.
Itiislu'cllully,
.. K. t.
VERETT A CO.
May 1H, 1872-If
ISSIIVTIII.
Summer Goods at Bargains,
We would respectfully Inform the ladle"
tlntl we uie oilding extra liidiieeiueuU 111
I.VIillX' HATH.
ami n-in n r r.
l;,K'. ItlllllllN,
! now h ami tii:h,
I KINK LACK liOOlw,
itilMI'M, VHlNllll, Ul'Tro.NS, ETC.
'ELEGANT REiUY'MADE SUITS.
I ..... ....!..!. ., , ii'.l ,-L. ...I .l,,U',i In l..u..
:iTrur.iwi.
j I!" fnliiii hi., Niihln ille, '!' un.
Ju) .7,.,K
Trees! flowers! Bulbs! Seeds!
111IHIK PLANTS!
Niirvry Murk ! Fruit unJ llowrr riutca!
Add res t. K. I'llOIMX.
nioomlnsloii Nursery, Illinois.
in m Acrei; '.'IkI vear: l.'(lreenliiu's.
Apide, l.ui I r.. i.o: 2v,km; ,'iy,!iu; ly .av,
1 - - - r r . . i..-,,.; n i)!-.
,iiii !. i.M
RI.l'OItT OF Kl-K III, COHniTIEE
4N RAII.HOAD MAI' I CUM.
To the Honorable County Court of Mont
gomery County.
Thecommittce to report upon the
. .
Vl'y url payers 01
' I - - - r- . -j ----------- '
n ft rtrnmprv rni intv inritipur in inn
IhhiiIiik of nil I road bonds by thecoun
ty to tne t ;. & Im i;
u ininn.i
i
to count and arrange
fouud In the possession of the County
Judge, preparatory to their being
burned or otherwise disposed of as the
County Court may direct, beg to re
port as follows :
First, your committee, from cir
cumstances which will be readily un
derstood by you, have deemed it In
cumbent upon theui to make this re
port as full as a IiUkji ioiis lnretlira-
tion of the facts will admit, and when
it is recollected that this Investiga
tion runs tnrougn a period or thir
teen and a half years, embracing the
terms of three County Court Judges.
a devastating civil war Intervening,
with no report from tiiose wnose
duty it was by tho law made and
provided in the case to uave mue
annum reports, wuu very itnperreet
records to refer to, and fuels bearing
uiiu mo Buujt-i-i, iniijr iu lie usi-er-1
tallied bv com pari nir. counting and
arranging according to number, date,
over six thousand coupons, ex
amining County Coun lniuutes as to
appropriations bearing upon the
question, sending a sub-coin inlttco to
Nashville to examine books of the
State Bank i with many other cir
cumstances too tedious to mention,
you will be prepared to make due al-
owance for any seeming aeiay in
this report
our committee Will further State
that their luvestigution begun at the
datoof Sept., 1853, when tho sub-
scrlption of the county to the M., C.
& L. railroad was agitated, and voted
on by the citizens. -
We tlud that on the mil day of
(September, 1853, the rresident ami
Directors of the M., C. & L,. H. II,
Comi any petitioned the County
Court of Montgomery county to sub
mit to the voters ol said county a
proposition to issue tho bonds of the
county for $i50,000, having thirty
years to mature, with coupons for in
terest payable semi-annually at the
rate of six percent, per annum; that
said Court ordered the sherifl of said
county to hold such election on the
20th day of October, 1853 ; that Raid
election was held on that day ; that
the result of said election was, for the
subscription, 1,145 voles; against the
subscription, 4Z4 votes, as reported by
theshei itrto the November term 1853
of said court.
Tho next record we find is dated
July 7, 1850, which orders that as
soon as the impressions are received
the County Judge Issue tho bonds of
tho county to the President or said
railroad company as called for, in
pursuance of the terms of subscrip
tion. The railroad company hi its
original petition for the vote proposed
and agreed to pay the interest matur
ing on the county bonds up to the
completion of the railroad. ' '
Wo further ascertain, not from re
cords, that there were issued 83 of
snch bonds bearing date July 6, 1850.
payable at i0 years. The printed
numbers on tho coupons of these
bonds are so arranged as to show that
four coupons in the original impres
sions were not issued. These were
the coupons falling due in 1857 and
1858, which matured during the prog
ress and before the completion of the
railroad, and that tho first coupons
paid by the couuty were payable Jan
uary 1, 1859.
Tho balance of the 250 bonds, 107
In number, beardate July 6, 1858, and
the coupons first maturing there
on fell due January 1, 1850. Thus all
the coupons on all the bonds fell due
Jauuury 1,185!) and continued falling fr railroad purposes, certify that wo lected by the 1st of Jau., 1873. Hhould
due semi-annually January and July have compared the coupons as do- this be the case, then with the sum
of each yearsince that date. scribed in the coupon book of said I to bo derived from the tux list of 1872,
Two of tho original bonds were de- county and checked oir by the coupon ! soon to go into the hands of collec
etroyed after the railroad received committee, composed of Joshua Cobb, tors, say byOctober 1, we may reason-
them, and twelve nave been retired
with the sinking fund, thds reducin-j
tho actual number of bonds ouutund
ing to 10.
Tho whole number of coupons ac
tually maturing to this date is 6,0'JO
at f-'ib each amounting to $200,880.
We have counted and find on hand
of the.-e coupons 6,,j7. Of this num- nine or the pnstduo runding cou
ber, however, thomrh on baud and P" checkeil oil bysuidcom
checked oil, GO, or $1,800 exist in the mlttee, and twelve original bonds as
form of a judgment unpaid. 1,308 aforesaid, Nos. 48, 87, 00, 01, 02, 03, 94,
joiipons were funded, thus leaving l". 177, 178, 180 a.id 211, and six of
4,7'JO as actually paid and on hand fie luii'ling lauds being actually
checked olfon coupon book. We II ml ' " """d, the other tw. having a
th:il 05 have been paid otr In the form , certificate of purchase and cancella
of a Judgment In the Federal Court, tlon by W. I. Hume, cashier of First
at Nashville, In the case of J. J. Nationul Bank wliicli have beeu lost
Craig vs.. Montgomery County; 5 r mislaid the six on hand being
others, maturlnir January. 18(11. naid -Nos. 89, 00, 01, 02, 03, 04, ami tho oth-
to Northern Bank of Tennessee, on r two being Nos. 63 and 100, and all ; Thus showing a depreciation or loss
affidavit of J. h. Glenn, cashier, of of said coupons and bonds were de- en ua'cssuJ values amounting to $4,
theirloss; 8 others, 4 on bonds Nos. atroyed by fireln our prosenoo, to-wlt: 840,'UI, as between these years und
151; 152, 153 and 155, maturing July, 0,-57 original coupons, 2,409 funding fir several years previous. This de
1805, and 4 others of same numbers, coupons ami 12 original bonds and preclutiou und loss ou assessed valuos
falling due January, 1800, on afllduvit ' funding bonds. Attached to said has resulted in the necessity of in
of J. r. Kirkman of their loss, and 1 bonds there were the following coti-1 creasing our rates of taxation from
one on bond No. 40. lallimr due Jan -
uary, 1870, on afllduvit of C. V. Ben there were coupous begiuulug July,
son of its loss, making 79 coupons of , 1871, aud running on the to inaiu
the 439 not checked olfon the coupon rity or said bonds, 24 of them being
book, yet paid us above stal-d. We J I" July, 1871, and January 1872;
also llnd 011 hanil, atluchedlu th-12 ."'id on the six funding, bonds there
original bonds bought by the sinking; were coupons beginning at the date
fund, 24 coupons not checked oil", of April 1, 1871, and running ou to
w hich mustbeduducted from the 430: i the maturity of said bonds.
also must be deducted 23 coupons, not
clucked oil, paid by Judge Kimble
and not on hand, thus leaving 313
coupous outstanding.
bi-mmaky:
Coupoiisdut.lncluilliiK.Iaii.72,6,08ll..S2U0l8t0
a puiil and on hand, 4,7ti9
" not paid, ' IK)
" IuihUhI " l,:siS
" iniid nut " 12
II 1- l......lu tii,..!., !
" outstandinu 313 0.6l6..200,8KO
Having thus laid before you a his-
tory of theorlglnulbouilMitud coupous
we now give you a statcmuutof fund
IIIU UIIIMM UI1U l'OllIOU.
It will be recullected by the court
thut it was thought advisable, nay
became absolutely necessary at the
close of tho war, with three years ac
cumulated interest, ou our rait roud
1 bonds, and an impoverished treasury
'arising from the suppression of civil
authority, to apply to the Legislature
'for uufhority to fund this ac
cumulated interest. This wus ac
cordingly done, and the following is
the action of the Legislature on lite
uoldner
1 ,.V. , , . , ,, .
"lhat tho Judge of tho County
! Court of Montgomery county, Tenn.,
I be and lie is hereby authorised to
issue by, aifl with the ail vice, aud
under tho direction of said County
'Court, bonds to (und all, or any pari,
01 1110 coupons uup iiii, 10 auu iiiuiiiu-i . ,
ing I lie Ut of July, lMiH, upon the' ii,024 43
.ii,iiiil of Uiuds Issued by said coun-; To this must ho added such com
ty in paymciituf Us subscription to pensalion as may be allowed the au
the flock in the M., C. I,, railroad, diling committee and the printer.
f.uJ li'nilr 1 1 v 1 1 t'o f r mii h Buioiiut, ; It 111 thu lie xi'ii thut the co:t up
and full due nt such time as said
County Court Hhull direct."
We further fl ml thnt the following
action was had by tlio county court
J7"; a" ?Jyt. "'. " ""J . VJ
the court, that a tax or 12 cents be
! levied UOon each nMhiinriml .h.llnr.
tiirAPlri rW wn
.. ' - '
nronertv of suiil
eoumy ior ran roaci
f hnt tf,e Privilege, of ,
county for rail road purposes, and
said county sub-
lor the Ntate laws,
for State purposes, be taxed In the
same manner, and to the name
amount as the (State tax ; and ttiut
the clerk of the court proceed to col
lect the same, according to law, for
rail road purposes."
And that order remained In force,
save as to tho rate of taxes levied
upon privileges, until April 1st, 1887,
when we find it ordered by the coun
ty court, That the Judge (T. W.
King) of this court be authorised to
invest any surplus funds arising from
rail road taxes and privileges, after
paying Interest on funding bonds, in
the purchase of rail road bonds, and
as he may deem most to the interest
of the county.
With this authority of the Legis
lature and the action of the County
Court, as . above stated, there, were
issued y&s lutidlng bonds, each for
1 Sim rin Mimnnu u,.Ut,A ,.
!$r,4i), payable semi-annually, lt of
April and October. Bonds dated Oc
tober 1808, and payable in 1881. Of
these bonds 8 have been paid with
tho money coming luto the county
treasury from funds or taxes levied
on privileges.
The whole number of coupons ac
tually maturing up to and including
April 1, 1872, on funded bonds Is U.503
! at fa 4'J euch, amounting to $13,8 ID 20,
I We have counted and Mud on hand
Und checked as naid ofr" on couoon
book, 2,400; on tne 8 bonds purchased
not checked off", 3J ; ou tat. 'Hiding, 12
j total, 2,503 at $5 40, $13,840 20.
From the foregoing statement wo
; find that our bonded debt at this
time may be stated as follows :
218 original II. It. bonds, !1.000 $230.0no 00
223 funded bondH, eaoli 1H0... ..... 4 i,fiou uu
Total bonded debt S270.000 UO
Add Int. past due on original
l nils, Including Judgment on
0 coupons - 11,11)0 01)
Add lul. on funded bonds. (148 SO
Total llabilltleson bondsand lntS288,348 80
We find most of the coupons have
been cancelled, some imperfectly,
others remaining uncancelled.
With this report we herewith pre
sent the coupons and purchased bonds
for your examination and orders.
We have had as stated, extra
ordinary trouble In getting at the
facts relative to the bonds and coupons
and to prevent like trouble to any
future committee, or as a finality, we
think this report should be spread on
the minutes, If approved by the court,
and more particularly should this be
done after the burning or otherwise
destroying said bonds and coupons.
The book In which a statement of
these coupons and bonds has been
kept by Judge King, and which
hasbeen closely examined and
verified by. your committee, should
be carefully preserved as it contains a
complete history of said bonds and
coupons, as far as it was possible, to
obtain the same by dates and num
bers, and is a complete index of paid
bonds or coupons funded or otherwise
up to the date of this report. Not
only should this book be preserved,
but a duplicate should be made for
the county.
8U11 COMMITTEE'S REPORT.
We, the undersigned, a sub-committee
appointed by the County Court
of Montgomery county, at the July
term. 1872, to witness the destruction
by tireof the purchased county bonds
and the coupons of said county on the
original and the funding bonds Issued
-v. tmuw, buu unu mat
'd book and said report of said com -
uii.ivu cm.iij tuni-.niuiiu, itini mm mutilate, it win also bu seen irom
there were on baud, as listed in said ; nu examination of the tabular state
book, six thousand two hundred and ' ment above that the aggregateof our
titty-seven of said coupons past due tax list lor 1858 amounted lo the sum
on tne original ootids, auu mat tnere
.. I . .!. l 1 .1
were uimj lwu luousanu lour iiiiuoreu
i pons : 011 eucn 01 iue original oniios
it. 1). 11KAD, I
Til OS. OilUL'KN, VCom.
XV. H. Mallohv, J
Sept 20, 1872.
We will now lay before you state
ment of the total cost to the tax pay
ers of the county Incident to the
Investment in stock iu the M., C. &
L. It. It. :
, OrlHliinl
bond outstanding at
Ihisditto . ......S2.Td.000 00
f ' ' ' ' V. 5. 1 V. V..7. . . : ..V:; ; i " u',S, Z
'runding" " j so
1 ouriuiisuriioiou anil luiiuru puei mo,! w
UPlXl .27 20
- -
1467,311 001
ISllDENTAL XFENSCA.
CommlsMnns paid It. K. tux collec
tors and Cimtily .IuiIkh
lawyer's lees lu Tenu. IioiuIh
' " at l.oulsvllle unii'd
10.201 II
rrlntlngorlginul bonus..
iiinui
Inu
ltaixea for coupons
Courts nobis 011 Jiidguienls.
rixpi'Ufti: of cum. lo Nunhvllle....
" ' KlMKlO IiOUlKVlllO...
" " Kih to '
rjtciiangron Ji'w iom
Aiivvrilning 10 lunu liilcresi
jut.on coupons. ..
j " and cost j.idg't invor Uaig...
cZmm,m Jmfciiiuion
mnding ciupmia .".
romp. I.uui iiie soli
.'and U. uCid1:!..
78 IMI
3,671 43
1,700 111
to Oils date, of our railroad Invest
ment, amounts to the enormous sum
of $105,024 45, that our interest bear
ing debt Is $20,500 greater than when
we made the investment.
We here present's tablo showing
the specific and aggregate amounts
of property on which a" railroad tax
has been assessed, the rate of assess
ment, the years In which the assess
ments were made, and prand aggre
gate of assessment for the years in
which a levy has been made, com
mencing with 1858 and closing with
1871, also showing amount of taxes,
paid and unpaid, commissions, eto. :
8 I 83 as
- ST 3 JJ
a a
i T Si
Sis G 2
J!iM! II
tea aa
i!3
SI
23
222SS22S3
3!2:3sa,?,'5SS$2S
fc 3 r? 1 -o si n "! s
asi S2"2"S'S"3!if
8
iW4:Ml't.
V -r" ci iiin ?i
35S35SSSSSs
ilillllllig
3
8
jaocdasaoca -
M
H
We flud from the above table that
the net income derived from assess
ments ou property for railroad pur
poses from 1858, when the first assess
ment was made, to and including
Jan. 1, 1872, leaving out, however,
1802-3 4, years of the war, when no
assessments were made, amounts to
the sum of $181,595 25; that of this
i amount there has been collected
i:ii oi.i :u ImrvIhit nniifi arui
1 552 1)1, Our collectors assure us that
of this amount SiS. 000 will he nil.
ably expect to be able to pay oil all
; past due and accumulated ooupous to
0f 9,087,011, as follows:
I I '
Tax on laud
" " lum
ncroe.
" " oluor property ...
,330.878
lf-6
H..I47.IM
(j7ll,7aj
. ,(S7,0U
Wlillst for the year 1871 our aggregate
tax list amounts to $5,146,985, as fol
lows :
Tix ou land
" ' lulN
" ' oilior property
,....13,705,ia)
l,iii.li.;io
.... 772.M6
6,lW,Wo
1 ju cents oil ine nunuoeu uoiiars 10 00
cents, that our annual Interest on
railroad bonds might be provided for.
In 1858 taxes were so light none felt
them as all were prosperous. Now
the reverse Is the case, and tax payers
are now found com paring the relative
assessed values of adjoining lands,
aud finding great discrepancy in the
values, complain that their neighbors
lands, equally or inure valuable than
theirs, are assessed at from a fourth to
a half less, aud petition that theirs be
reduced corresponding ly. 'I'liis would
be right provided his neighbor's land
was properly assessed wrong if bis
own laud was properly assessed, l'e
titlousare always for reductions!
This demonstrates the necessity for a
more equitable and systematic mode
of assesHing property, in close prox-
1 imity with this Is prompt collections
and payments by revenue collector.
uurcouuty, in uotii tiiese particulars.
certainly ,.ee.l- reform, f.r .11 our fl-
1 nunciul difjicultiea originated from
want of proper assessments, prompt
collections and paymentsi We oall
your attention 1 1 tiiese matters, luav
1 lug It with you to take such action In
.
c 8 1832:3
??.T,2
lo.Ti 1 26 1 the premises rs you may deem ad vis-,
ii5?.!l'
4.1 ml We will add further that no sup-1
11? 'I? 'plcmcntal nor delinquent lists have
11 SJ i oeen presented exoept as in the table,
ao im J. H. Martin, one ol the collectors,
17 ouimukos however, this statement, that
"3! the dellnUent list for laoO, will bo
sis 13; about o00 j and fori SOI, aUiut$iO0,
" ''aud that the supplemental list for
w w said years will make up for any bat-
anno of delinquent lists for said years.
We have mentioned all releases
which have beeu authoritatively
presented lo us; others are however
claimed which will have to lw acted
upon by the court, and which may
reduce the balunee vet to becollec
L'U'U.
Tho list Of J. W. Mi'Daniel has beeu
hau'l' d J. H. Mnrtiu, an nciit, to
wlnd up. Some $ll000of the balance
named in the table, bus been levied
on real estate, which will probably
be sold January 1st, 1873 If uot paid
bctore mi public tax sale for casu.
Now from ibis date by fixing a rrtfe
of taxation on property for rail roud
purposes, so as to have an adequate
amount come into our nanus to meet
promptly the Interest as it falls due,
thereby preventing ciwt In suits, ami
ths paying compound Interest, and
setting apart as a sinking fund
whatever amount may arise from
takes on merchants privileges,
as a sinking fund proper, we will
have, in the opinion of your com
mittee, taken the initiatory steps to
save much money to tax payers, and
ultimately to meet the rail road bonds
at their maturity. As to the creation
of a sinking fund, we uuote from
chapter 170, section 3 of the acts ol
135.1-64 as follows :
"That in the event the profits aris
ing from the dividends of tho stock
ownod by said county In said road,
snsii not oe suincicnt to raise a sur
plus, by creating a sinking fund to
pay said bonds at maturity, thocoun
ty court shall levy a rail road tax In
the manner prescribed by the act
passed 22nd January, 1S52. which
when collected shall be applied to the
creation 01 a iumi witn wnicn to pay
the bonds when they shall mature."
Judge T. W. King In acoount with R.R. tax
proper.
To cab from L. M, Bently. Judii. thronih
J. R. Martin $ 5.2-, tK)
r roni j. h. smriin, u. u. lux 001... 67.2ns 82
" J. T. Htaton, " 26.Sk) 74
- j. w. Mcuaniei Dy Martin.... 4,0,14 27
m4ll 83
VHE1IIT.
Bv cash naid on orlalnal Mnnnni
por Judge King's general occ't..M,24 88
aisKiso rcHD in jroon kiro's tivb.
Rec'd from w. E. N swell, C. ('., as
per King's general acc't, 110.840 SO
lew ain't rlundd (error) 111.126 57
from f.Oncal.cllc ........, U1.442 6S
Dividend from L. N. R. It 2,M.ri 00
Dmuouut in chhii on coupons 10 80
" on purchased bonds und
con pons 5,,im on
isiNcouuion county oiaiuis ....... tu 74
' " school wurrouta D18 S3
l(l,8J8 02
CBEDIT.
Caih paid on original coupons (10,471 07
' " fuuSlriK ' 13,008 60
punmunDi iz origi
nal and 8 funded bondsand at
tached eouporm, of which cou
pons 24 oriitlnul and .12 funded are
now past due, face value 14,332 80
vniiii paui oilier riiiirouu expenne4
as per Ills general ace't...
Cash paid for county claims to be
8,ttl 67
paid iiy couuiy wuu interest to
sam lunu, race value
fly loss on purchase and resale of
Toimuwwe bonds
By cash ou band, In bank
8,063 K
S0 fMi
84 64
4,sjojS
Summary of Receipt and Disbursements
oi n. rt. iax, rriviiege, uiymunun, and
Profits 1
bcoclab tax.
Kimble's receipts...... t38,ll7 01
Benlley's 000 00
King's " .... ... Gi.Kl at
" " 25 040 74
M " 4.o:4 27 131,018 34
rmviLEOE tax.
Klmblo . ...J t.XVt 48
King 42.0S.13S 49,418 84
D1VIDBVDS ON L. A H. R. R.
King 2. 14,r. 00
pronui ou coupous.. - 82 SO 2,237 00
Total 181,7 78
RKCAriTUI.ATIOW.
HKBTOR,
To Kimble's receipts It. It. tax.. '....88,107 01
" " " prlv. tax 0,333 40
41.5J0 4;
CItKDIT.
fly 1,457 coupons, $.10 each...,
Kxchnuae on New York
43,710 00
83 75
Ain't In .Statu Bunk undrawn.
Kx pernios paid
Coin's drawn out of troavury on
above aiu'l of H. It. tax
3S3 0M
6 08
300 01
44,630 47
VIBTOH,
ToL.M. Bentley'irooelplsU. R.tax.,886 00
CREDIT.
Balanoa paid Judge King 6,285 00
Ralanoe t 800 00
DKDTOR.
To Judge Klng'sreeoiuu R. II (ax
from J udao Itentley 5,25 00
From J.R. Alartlu fi7,2S S2
J. T. MUilon a&,U40 64
" J. W. MuDuulel through J.
R. Martin .. 4,W!( 27
From privilege tax... , 42.0S.I Ss
" dividends on I.. A N. R. It... 2,1 4S 00
" prollU ou purvhaaed c'p ui 02 00
130,007 81
CREDIT.
Uy cash paid for 3,424 coupons at
80 ouch . 102.720 00
Cash paid for 2,10V funding co'p'us
m a vj encn . i.l,uuo w
Cash paid lor 12 original bunds.
l.OdOoaeh, and 8 funding bomls.
ISO each, Willi coupons attached
Caxh patil for other it. R expense
Cash bald fur oounly olulius
Cash lubauk
8,027 20
3.7li0 (HI
S.IIIS 17
U4 II I
130,507 31
Hluturaout of Sinking Fund!
nCBTOR.
Rec'd from V. Rogers, C, C, from
Jan., '; t Jan., 'do
Duo from W. Roger and oourltloa
from Jan., 'lll to July, '01
Int. to July, 72 on mine
From W. K. Newell, c.C. from July
lsuo to Jan., ISill u
From W. IV Newell from Jan., 'Si
to Jan., 'no
Imid from W . E. Newoll and scouri-
tlon In '07
2,086 M
1,641 21
1,113 27
2,02.1 60
7,926 67
4,702 06
1,036 88
31.412 6?
Int. on sumo from Oct., '07 to July
104
Frein f.Oneil.C. C.. from Novi, '07
to and IncludlnK Anril 1. '72
Dividend on stock I,. A N R. H
UUi'iuut on 07 coupons.
.. 2,1-16 0U
Vt 00
,. C,36 W
2 74
.. SO I 53
(l046li
" 011 ooiiiisauu coupons. . .
" " county claims
" " school warruuls. ........
ri'.EDlT.
Dy compromise with J. H. Major
aa security for W. Itouera. I'.t: 440 1.',
Balance proerly ohai guide to o'ty 2,214 S3
Ain't in suit vs. W, b. Newell and
urollu S ilt 73
Fald on orlalnal o'p'ns ity ICluible .i76 13
('ommlsMliiiis paid Klmhle ,riS 3J
Funding coupon paid by King . . 13.UM u0
Il iiula Willi oouuon paid by King 14.il.ii Ml
Original ,! " " . 10,173 07
oiharpaymentaonR.lt. 3,,'64 67
Cash for county claiint purchased
and duo from county with Int . . . 8,063 16
I ,os t o pumliaa and res I of
Toiinose D.iuJs tm W
Cash on baud la bank ...,u. M 64
idTM6i
Judge T1, W. King In acoount ltb Moul
gouiery eouuty I
biBtog.
For railroad taxes colluded and dnponlted
by .1. It. Murtlu lu First NuUousf Hans
of Clarksviliv, Tenn., from Mr 1. M, to
June J. 1S7J, luoludlng 6,2(J (rum 1..M.
Boully - IWJJ71 32
For II. It. tmmool looted and il l
pueiled aa above by J. T. HIaloa
00 lax list ol 70-71 to June 2U,'7 33.010 71
For II. K. las on MobauUi's list,
vfiuiwivu ptuu uiuii(i oy j. ii,
Martin lax prior lo Ju y, l7J .... 4,021 17
For privilege tua eulltoted and p'd
tu iiiv ijt n, n, iivwsil. u. L.. uu
to January, lftiij..,..i ,. M1
8.140 80
S'Hiie from Jan.. issd. lo Mtipi., I NO
1:.
2,M0 00
Fur lirlvUmolHX from I'.ilnusl
.1.,
from 8tfp., '07 lo A eod'g Ap'l Tl. 31.412 68
Fordividand It K, slock 2.146 00
"Ulacounlou 7 coupuus., yj W
1130,607 31
catiiir,
For 2,426 counonaorlg'nal bond..i02,770 00
" 2,4') lunued " . 14,uu OU
12 original bonds, tl.noOesrb.
still S ri.,i,l.rf K.....I. tiy.i l.
For printing fuiuled boiid'.
" advertising bolder lo fuud
eoupuu
For W. K. Niiwelliuui't overpaid)
" boxii for coiipuus
e,-iipoi,u. lul
" ' ' jii i .' j 1 1 ' tali
wim ciiiimus atiaciieil ,
1.827 2fi
4v Ml
OK
214 71
M'
US 1.1
n ' Int. tihif sfa'irip on Bote lo Ut
National Hank ,; DO on
For expciix Judge Klnglu laiu-
Isvllle.suluor U. li.aionk. SO OO
For ckimtis iil-conimiiioe o
Nashville 10 examine booka of '
,MtaV Pink. ..,..... ...,.,..( fl 60
Int ny coiitiKlwiiinsun privilege
and K. It. dividends.,. " . ,?0 M
For ma' eoininlsslons nn 41,RI0
original ooupons liiiidifl . 7(1
For repairs on ur bouse ., 1 Ass V,
" "Jail.. ITS Jo
Purchase and repair poor house. ifi 00
Matting lor eourl bouse 129 60
Fur 21 county warrants, Nrat, 479,
742, Mi),lWI,flli8,SSfl. 610, fol, W8, J7,
017, H27, mil, 7.1, 6c:(, 7.;, V,v, 7i4
H02. 74 74S, 7HI, aso, face valuao' ' "
whloh Is U46 80 i,S24 tit
Stove fur cum l house ...,.. A Id
liecrtril book f)
tJraeey A lire. Ibr Ortal 7 M
farter A Cash for coal 17 75
Two copies of Code .1 HI CO
Cheek book.......... r
farter A Cash for cnul . 7 W
Poor housooomnilwilons I50 M
Finr poplesBhaukluud'aHtatatm Pa f
On lirldaes , 67S m
Carter Cash for Cr.nf (nv tlncnP. 12 t"
Twoeopii'Ji.iKrnklaiid'sVHatuIrs 10 id
Pnuper ciilllns (by Oucal) s, .14(10
School warrant 171 86
41 school warr'ls paid out of sink-, ,
lug fund now 011 depoKlt us cul
Intend for money burrow cd by
Jii'lxe King 011 salao' up to Aug,
lS72warmnt for said saluiy Iw ing
translerred tnsluklng rmid.,.... 1 go2 61
Cash lost on purcbaHS and rusale
of TennoHKoe bonds..,,,.... jso ja
Cash lu bunk ....,.-. 84 61
I1.10,U17 81
BEPOIIT OF ATTORNEYS AS TO 8AI.M
OF COUNTY BTOCU IN M. C. 4k Ij. H. K.
The undersigned, XVm. A.Quiirles,
J. K. Bailey and Jno. F. House, at
torneys for the County of Montgom
ery and City of Clarhsvllle, beg leave
to report to the County Court of
Montgomery i That they hate here
tofore reported to the court in nasal nH
tho history of the litigation in the
cause of the Mate of Tennessee
against the M., C. Jb L. 11. It. Co., the
county of Montgomery and otliers 1
the steps taken by them in the de
fense or said suit, and the efforts mado
to sell the interest of the county of
Montgomery and city of Clarhsvllle
in the stock of said railroad company,
and they reported to said court that
they hud sold the $250,000 of the
stock of the county of Montgomery
and $100,000 of stock of the city to
the Louisville & Nashville railroad
company for the sum of 5300,000 pay
able in bonds of the State of Tennes
see, bearing coupons from Jan., 1872,
and In ooupons of Htateof Tennessee
bonds, hut the said Louisville t Nash
ville, railroad company to have tho
eloctlon to pay $100,000 of its own
stock, to be valued at the sum of
U3,800. They further rcjwt that
the Li. & IN. It. Jt. Company hud
elected to pny $100,000 of lu own
stock, being one thousand shares,
which loft$180.140 to be paid In bond
aud coupons of bonds of the State of
Tennessee.
The L. A N. K. R. company deliv
ered to us said bonds and coupons to
the amount of $180,140, and delivered
to us certificates for seven hundred
shares of stock in its road, retaining -certificates
for three hundred shared
ol stock to meet any liability of said
company in the suit of Hyatt vs. the
said company, the city of Clurksvillc,
county of Montgomery aud others, or
which thecourt was advised.
The bonds, coupons and certificates
of stock in our possession were depos
ited in the Northern Hank of Ten
nessee, and wore divided betwepn the
couuty and city after retaining our
fee of five per cent., charged for ser
vices to the city and county, as will
appear from the annexed statement,
which we havo kept on deposit lu
said bank with the (Kinds.
, The certificates of stock have been
delivered to Hon. T. XV. King, Judge
of the county court, to enable him in
sell the stock as per order of the coun
ty court.
The bonds and coupons have been,
and are now, on deposit In the North
ern Dank to the cfvdit of Montgom
ery couuty.
STATKMXKT. ,
Wehavn thlsdoy ailJusU'd the matter nf
thoHlaleofToniiuMHi.il bonds rvoeived by
u front the Louisville A Naslivlllnrrdlroud
couip .ny for Moiitinnrry couuty aud city
of Clurksvillc aa follow I
We received from the 1., A J, n. n, Co,
1 10 bond tth 4 puatduc e'p'noavll..12t).4
10 " 8 ' M " " u W'.IW
6 " ' 6 " " " " .. 6,7fl
11 ooupons ' 3:4
Aggregate...,'....... IS0,H0
Wo diilucted for our fees 11 bond
with coupons for Jan., 72, culling
i cuupou Iroiu ouch..... ..... 16,001 ,
Remainder .... 171.140
The city Is untitled to 2-7 of til la....f 1,S1W 10
To pay this we have net apurt lo
me cuy V ooous Wlln il coupon
each Mil.000
Coupon K.K70
1 oona wim I rnupnn i.o.bj
1 bond without coujsm 1,000 48,1110 00
leaving city Indebted toeoUhly 18 20
There Is M ISO In money, nit of which goe
(o the county In inumiml of alaive and In
compensate for loss eonsiMtient non the
oounly getting a Inig pniKrllon ofcuu.
lions lliut boar bo Interest. There n tell In
llioi'iiilutv Hie remainder of (171, lto, virl
'I22,2III, wlileh consists of the lollow lug I
lotoondawiin 4 o poo . 11.1.1.11
i
,iij
.V.A
210
J package 7 coupon
1'JO
1V1
l,:o
oov 1123,210 m
A
40
Alio In money i,
to
Wo give all tho money to the county.
We have dullvcrcd lothoclty rcrllffcafe
for two hundred aliilrD nf slock In the I..
A Ni It. H Co., anil luave oiideHall fur tlio
countv ccrtincatea for five hunilrid lis res
of stock. The 1..AN. it. It. t o. rntaltiixt
uertlflcate for Ihriat huudrcd share nf lis
Mock lo niiHillliovlalm by allacbuliilil of
tapt, llyall.
BlgllCO. ,
J. I-. li.Ut.EY, l
Jno. F. llorsi:, VAtt'yg.
XV. A. CJuAltbl.rl, J
January 31, I87ti
l.lalillltle of Montgomery toiihiy on sc.
count or llaiiroaii III vi-unieol, up 10 ana
Including January 1, 1873 1
fMI original honds......lrr.0O0 M
'.'a running noua. im
SI orUiualuiiupoDs...... 11.100 00
122 luuuing ooupons.,.,,. eu tjne,sis m
ASSfeT!
in? Htalo lwindi 1107 .om) on
. m '11 mm la.
0?y shares Li N7rt.''h!!! C7',KHI no
t ash DO
Cudullvcted Hi Ii. lux 60,Vii 00 tiriff 60
Tialauce ... I 41.200 80
Wehavo now prcfrnlmlstalcmt'iifs
showing receipts and disbursement
nf ent'll County Juilgu froio l' to
June 30, 1872, of all matters pertain
ing lo railroad affairs: also a consol
idated statement of Kinking t'lind,
and a separate statement of Hlukliig
Fund during Judge Kiuit's rvlinluls
trsllon. all of which we havo care
fully collected and arranged as Ut-t
wc could, under appnmrlstv heads. 1 1
would he ImpsMsitiio for the (viiumit
tee toenunier itetlieiiiany diftlcultiea
and great lulmr that husdwol ved up
on Inem in collecting the neeessary
data for thlKrcKr',not from asystfm-
istio and well rcgulitiMi set of IkhiK
aud accounts, but In mo t cuse iron
vouchers) anil cgaminatloii of tank
accounts, county coiiii minutes an I
f'jiii'ii'p. l on l'vurili I's-c.