Savannah morning news. [volume] (Savannah) 1868-1887, 1886-12-31
Spertal 5aottrea.
To the Stockholders Of the Central
Railroad and Banking Company of
Georgia:

You received in November circular signed
by your President requesting your support
and Endorsement. 1t stated that he kReJo of
no desire to change the management. The
letter of this statement may be true-he may
not have ka0Ion, but he certainly, at that
time, had ample reasons to suspect grave and
serious opposition to his administration. The
circular Itself is the highest evidence that he
sought to fOrestall contest by securing in
advance the promise of your support. In ad-
dItiOn to the circular, reports have Deen
widely circulated that the opposition to the
present MANAGEMENT was composed OF wreck
ers and those who sought to injure your prop.
erty and your State. This is absolutely false.
Eleven out Of thirteen OF your Directors must
be GeOrglans. A majority of them will control
your property. The opposition to the present
management have faith in the value of your
property. They have evidenced this falth by
purchasing stock at figures as high as $50 a
share more than some of the leading me mbers
of the present directory said it was worth.
Do men invest millions in a property to de-
stroy it? While your Directors have II ed the
knowledge of your names and addresses to
procure proxies in their own interests, to per-
petuate their own power, they have denied
us access to the same Information in order TO
prevent us from comforting with you and cor
recting the false Impressions conveyed TO you.
Our friends applied 10 your cashier for a list
OF your names and he, under the instructions
of your Directors. refused 1t. Why? Is it
not clear? To perpetuate their control by
preventing us from correcting false reports
and presenting to you the reasons why
change of management is not only desirable,
but necessary for the protection OF your in
terests. viii you indorse by your vote a
policy of concealment? VIII YOU appoint
agents who not only conceal from you mate
rial facts, but deny your clear and undoubted
rights?
your names and addresses. Denied our rights
by your Directors, we applied TO the court to
compel them to perform their duty. The
court has decided that the right of the stock
holder to have access to the books OF his cor
poration for the purpose of ascertaining who
his associates are. in order that he NAV confer
and advise with them as to the best persons to
manage their common property. Is clear and
undoubted. Still our Directors refuse to sue
nit. To gain time they appeal to the SUI
preme Court, well knowing that that court
has adjourned until January 10th, aud that
the Gaze cannot be heard therein until after
the election on January Sd. They use the
laws delay to defeat US Of = common right.
Is this fair? Is the management of your
great operty to be secured by such meth
DDS? Does it not occur to you that your agents
would not make this desperate fight to pre-
vent you from comforting together, unless the
consciousness OF their own errors convinced
them that such conference would result in
their retirement? stakeholder should be
vigi ant. His interests demand it, He should
jealousy watch and protect his rights.
Your vote is your most important right in
this corporation. win you sacrifice it? We
trust not. Cone to the election on the Sd of
January, confer with your associates and
vote your stock in person. Determine for
yourself who will best serve your interests.
This election will be both mportant and in
teresting. IL will repay trip to savannah
Your ownership OF stock entities you to free
ride on your road. We urge you to come.
K. p. ALEXANDER,
j.. j. WILDER.
A. VETS BURG,
Il. NJ. GREEN,
ii. III. GILMER,
A. l.. HARTRIDaE,
PAT CALHOUN,