Savannah morning news. [volume] (Savannah) 1868-1887, 1885-05-03
AC0MPR0MISE WITH FINK
DORSEY'S BACKERS GET $4,000
FOR CLAIMS OF $4,000.

Judge Hammond Bravely Stands by His
Decision Despite the BOmbardment
of Press and PeOple-The Receiver
Thanks the GeOrgians Who stood by
Him Through the Conflict.
ATLANTA, GA, May 2.-The East Ten
nessee, Virginia and Georgia railroad
troubles over the receivership have at
last reached an amiable settlement salts
factory to all parties who were engaged
in the contest, and now peace and salts
faction reigns along the entire line. When
the case was called in the Superior Court
this morning to argue the question of
trying the cause on its merits the counsel
for the Georgia receiver and his associates
announced to the court that the case
had been settled upon satisfac-
tory basis to all parties and with
drew the bill. To those who were on the
inside this announcement was no sur
prise, but to those who were unprepared
for such news, it was received with much
surprise and general satisfaction, Judge
Hammond, in dismissing the case. made
few remarks, III which he stated that he
had acted IN accordance with the law as
he understood it, and that the holding OF
had not changed hisyiews upon the subject.
The settlement was brought about in this
way: AT the public meeting held here
day or two ago HOke Smith, who was un-
derstoOd to be the leading counsel on the
Dorsey side, casually intimated during
his speech that all he and his associates
wanted Were liquidation of their claims.
Later he had a conference with Evan =.
Howell, who took a prominent part
~ n n
a compromise was discussed. MIR.
Smith said that he and his
associates represented claims amounting
to $4,000, ana that they would settle for
$4,000 Mr.. Howell at once telegraphed
Mr. Fink to meet him here Thursday, which
appointment was accepted and responded
to. When Mr.. Fink arrived negotiations
were reOpened and finally reached a con-
clusion by Mr.. Smith agreeing to take
$4,000 as tull settlement OF all the claims,
Mr.. Smith 10 pay the lawyers fees and
costs Of the court.
Mr.. Fink left for Knoxville to-day.
Mr.. FINK's THANKS.
Before leaving he handed Mr.. Howell
the following letter, to use in any way he
desired
ATLANTA, GA, May 2, 1885.
Col. 3. p. HoaoeX:
DEAR sIR-Now that the contest over the
der your committee and through you to the
good people of Georgia and to the press Of the
State my cordial thanks for the generous sup
port and encouragement / have received at
their hands. l especially appreciate the con-
tidenCe the people have manifested in my pur-
pose TO manage tne road TO the best interests
of its patrons. The settlement of the Angler
cas- removes the obstacle IN the way OF an
eff lent management of the property. The
work Of putting the road in thorough repair
and providing the necessary facilities
for the conduct Of Its business will now be re-
sumed, and it is hoped that the property can
be speedily put il good condition so that The
people along the line OF the road will derive
the full measure Of benefit from its construc-
ton ard operation, which the Legislature Of
your State had in view IN granting e charter
TO the Cincinnati and Georgia railroad. One
of the principal objects In granting this
charter was ''tO foster competition and prevent
the road from being dominated by any power
which might throttle the interest OF the peO
PIE therein" Several millions of dollars have
been invested to give force and effect TO the
VIII OF the people rs expressed by the Legls-
lature. Large additional expenses are con-
templated in the development of the pro-
perry. and 1t became vital question during
the contest for the receiversh p whether capi-
tai invested in railroads within the borders
of your state is entitled to and shall receive
the same measure OF protection that is ac
corded to capital employed IN other indus
trial enterprises. The people and the press
of your Stale have answered that question in
the Affirmative. In conclusion, beg you to
accept, personally, my sincere thanks for The
efficient and you have rendered me in BRING
ipg the ate contest TO a satisfactory termina-
tion. Your, very truly, HENRY FINK.
THE COMMERCIAL CONVENTION.
The Executive Committee OF the Ma
tional commercial convention have ar
ranged with all the railroads south Of the
Ohio aud Potomac rivers for round trip
railroad tickets 10 Atlanta and return for
one fare. This arrangement includes
Chicago, st. Louis, Omaha and Kansas
City. Delegates from local points
should have their local ticket agents CEN
Ter with the principal points for fun in
formation. The price Of round trip tick
cts from New York is $32, Philadelphia
S2S 90, Baltimore S22 25, ard from Wash
iugton $40 %. rhe convention promises
to be largely attended.