Savannah morning news. [volume] (Savannah) 1868-1887, 1882-06-20

some Questions for PhfIO Junfua
ana Others 30 Answer-The Bear
Side of the Question.


SAVANNAH, June 10. - Editor Afo,nfn0
Ae'oS: have read all the articles published
In the MORNING News on the condition of
the Central Railroad and its stock. All of
these articles appear tc have been written
Ior the purpose Of advancing The market. I
nave read the communications of Junius
and the various stockholders, and last of all
that OF Philo Junius. Now, it seems, that
everything that these able-minded men
could hatch up or invent to favor the stock,
has been said and put before the public. II
these statements were correct, no power
under the sun could have kept the stock
from advancing.
Up to this time nothing has appeared in
your paper 20 the detriment OF the stock,
and these bullish articles have caused many
Ike myself to go in and buy from time to
time, only to sell out at loss. It is my de-
sire now to know the truth, that / may save
myself and friends the further mistake Of
being mislec.
For the stock TO decline continually in
the very face Of all these favorable reports is
an Indication of something radically wrong,
ana beyond the comprehension of the public
mind. would like to ask "Philo Juniusn
II It ls really true that the d vidend Just
declared is to be paid out of the surplus of
last years earnings II so, what are we to
do about the next dividend when there will
be no such surplus as he makes In his
statement? l would like also to know II he
is not mistaken about the reserve fund o.
the Ocean Steamship Company. | thought
1t was to be $3.50, eco per Rnpum, instead II
$lOO,0OO as he has 1t. He also SAYS the
development Of the country will
compensate US for any damage ire rival
road macon and Brunswick exteusion) NAV
tnnlct. Why, he must certainly be making
light of the subject. He Dug ht to know hat it
Will take dfteen or twenty years OF develop
ment to free the Central from the i0fuence
OF this rival road. III is really true that this
road is to DE built and put in operation, it is
certainly to be ran as a rival road to the
Central. Philo Junius is not laying stress
enough upon this important point. II he be-
lieves this road will be built.
In the statement O. aHnius l ind South
western Railroad stock estimated at 100,
yet they have sold six thousand shares OF
that same stock at lls}5 He estimates
Mobile aud GiraFd bonds at so and they were
sold at 6715. He estimates the Port Royal
Asilroad bonds st par, while Philo Junius
only estimates them at so and | doubt If
they would bring that If thrown upon the
market. Now l take it that the Central
Railroad, under the administration of in
novators, has dis osed OF nearly ell its
first class securities, lock, stock and
haIrel, and yet, with this road,
once the pride Of Georgia, rifed and Quilted
OF nearly everything and overloaded with
debentures, is held Up to us as good in
vestmeat. Hardly week passes without
solae communication In the papers advoca-
ting the merits OF this stock. From $50
down 10 IS these bull communications have
appeared, inducing the public to buy. Now
say let this thing cease. and let these wise
gentlemen, who AaVe advocated the cause
Of Central 90 long and so faithfully, simply
te4l rs il their statements be true, why on
eafsh does the stock coatinue to decline
Yours truly, TRUTH.