Savannah morning news. [volume] (Savannah) 1868-1887, 1882-07-08
RAILROAD NEWS.
Resignation OF General Il. r. Alex
ander.

It was currently reported on the streets
Yesterday that Gen. E. P. Alexander had ten
dered his resignation as Vice President of
the Louisville and Nashville Railroad, and
created some excitement in the stock mar
ket. The Louisville Courier. Journal has
this in reference to the resignation;
at "a generally understood here that for
Dersoual and private reasons General Alex
snder put his resignation in the hands of
President Baldwin some two weeks ago. At
the earnest request of Mr.. Baldwin. General
Alexander consented to postponement of
the consideration OF it for an indefinite
period, and no action has Seen taken in re-
gard TO It. The demands Of the position
occupied By Gen. Alexander are so ex acting
that be feels ne has earned a rest. Our
citizens would regret greatly any action on
the part Of Gen. Alexander which will call
him elsewhere. His administration mas
brought about a thorough understanding
between the people and the railroads, the
good effects Of which are evident every
day." .,r.
A Louisville special to the Cincinnau Es
o,i;rlr nnder date of the Sd inst, has the
folIowinC additional fn reference to the
eese. while sauntering down Main street
to.niobt a gentleman, prominently known
IN railroad circles, hailed the Enquirer re-
DO YOU hear anything more of Mr.. de
Funiak's resignatiou?" said he.
mo! but 1 should think probably you
had hint"
"Well. only know what hear, and that
is that Mr.. de Funiak hiss bit off too much
to chew with comfort. In order to make
himself a solid man, I understand that he
has made too big promises to certain stock
holders East about the kind Of dividends he
could make the road pan out, and In what
he promised he has been disappointed,
aud row the stockholders are also
dissatisfied, as what he said cid
not come to pass. am told, further,
that In order to swell on the dividends the
lines OF the company have been neglected,
and that they are not in near as good condi-
ton as they were year since. These facts
have also reached the ears of the Eastern
capitalists"
'.Do you think the reports are correct?"
"WelI, 1 gos them from first hands, and
am satisfied they are not far out Of the
way "
''What do you think Of General Alexan-
der's resignations"
"Well, it's only part OF the great change
in the compsny's affairs that have been con-
templated for some time In the East. He
has resigned to a certainty, and, under
stand, says he will go back to Georgia.
do you think there Will be more resig-
nations follow these?"
''Yes, indeed. look for all the heads to
turn up their heels, except Colonel Row
land, and l believe he will be promoted.
The capitalists who control the reins of the
Louisville and Nashville system know they
have got wheel horse In Colonel Row
land, and consider him the combination to
their successful lOck-they won't let him
90. but will elevate him and give him more
sugar."
sd YOU think the heads of departments
will go?"
"C8n't say; that will be an after consid-
Grafton. But don't believe they will drop
off. Charley AtmOre, for instance, is one
of the best ticket men In America and the
freight departments were never in better
condition. So / cannot think the depart
ments will be changed. The tumble this
time will be among the big heads alto
gether."