Savannah morning news. [volume] (Savannah) 1868-1887, 1886-11-27
BIDDING FOR CENTRAL.
GEN. ALEXANDER ANNOUNCES
HIS CANDIDACY.

A few shares of Central were sold al III
and some was offered at 111z, but
there were no buyers. There is an i'm
preston that the New York parties who
bought heavily up to a week ago are
waiting for tumble, and that an effort is
being made to keep the market down.
President Raoul returned yesterday
morning from New York. He says that
the amount OF stock held there is greatly
exaggerated. The parties who have
been buying in New York claim to con-
troll $4,000 shares, sufficient to carry the
election. Capt. Raoul says that they have
nothing like that amount.
THE NEW YORK STOCK.
A little over month ago it was esti-
mated that altogether 10000 shares were
held in New York, ard large portion OF
this stock is known to be favorable to
Capt. Raoul. The only stock that has
been bought since then has been bought
since Nov. l.
The New York parties who are buying
up the stock and who will name Gen.
Alexander as their candidate do so, 1t IS
said, because ne is looked upon as the most
available man and because of the large
vote he can command at the election.
He does not believe that enough stock can
be drawn upon the market, except at a
very htg hprice, to carry the election In
the interests Of a new management.
THE GREEN STOCK.
The Green stock, although 1t was the
balance OF power four years ago, will not
be so important an element in the coming
election. All that time the stock was
very closely divided between Gen. Alex
ander and Capt. Raoul, and the $500
shares of Mrs. Green, through whose
proxies Capt. Raoul carried the election,
then gave the balance of power. In the
present contest the Green stock does not
play so important part.
PRESIDENT RAOUL IN NEW YORK.
The New York World of Thursday con-
talns an interview with President RaOul,
in which he says. in reply to an inquiry
if he had anything to say in regard to the
condition OF the Central:
81 have nothing special to say on that
point. The annual report Of the company
tor the past year has just been issued and
gives a clear idea OF its a1airs.''
''How is it as to the report Of the con-
test for the control OF the road?'
II understand that there is to be con-
test"
"What are the issues involvedY'
~ know OF no issues of management
or policy. Certainly there are none
avowed. The present management is
conceded to be honest, and, ] believe,
fairly capable. The question at issue, so
far as L can discern it. is whether the
management shall continue to be what
may be termed a Georgia management or
become what may be properly designated
New York management"
sis the majority of the stock held in
Georgia that they are entitled to keep it a
Georgia management
ayes, the majority Is owned In Georgia.
The balance, which is a minority, is
widely scattered"
Ills the stock held in large blocksp
'No. There are only two interests rep
resenting any considerable block. A large
majority of the stock is owned by holders
of 500 shares or less. A considerable poc-
tion is owned by holders Of fifty snares.
A surprising amount of it is owned IN ten
share lots and less. There are over 10000
stockholders in the company"
CONFIDENT OF THE RESULT.
when is your annual election and
what do you think the chances are Of the
success of your opponentsW
"The election will be held on the first
Monday in January. | feel no apprehen-
sion as to the result"
"Your opponents claim to own a ma.
jority of the stOckT
eyes, l have beard that they make
such a claim, but know that 1t is not
so."
"They claim to have the Hetty Green
stock. Does not that settle the Ques-
toni"
"By no means. 1t is true that the
Green stock gave the balance OF power
four years ago, bat circumstances have
changed very much, so that that stock
will not again play so important part"
"Can't they buy the stock requiredT'
"They may do so, OF course, but they
must first find sellers. / scarcely believe
sufficient amount can be drawn upon
the market for that purpose, except at
prices altogether out OF reach. think it
would be safe to say that more than half
of the stock OF the company is owned by
people who have teld it through all the
fluctuations OF the company's fortunes.
Much of it is owned by women, minors,
estates and charitable institutions. These
people DOld their securities as invest
mentS. They form the conservative ele-
ment of the company, and can be always
relied on 10 cast their vote to perpetuate a
conservative management such as the
company has prcspered under since it.
was chartered, more than fifty years ago.
NO FEAR OF THE RESULT.
Capt. Raoul held an informal confer
ence upon his return here Yesterday
with number OF the directors OF
the Central, and the situation was
talked over. Neither Capt. Raoul nor
his friends feel any apprehension as
10 the result OF the election, although
a strong effort is being made by Gen. AL
| exander's friends to control the stock.
Mr.. Pat Calhoun, who is reported to have
cleared 100000 in the Richmond and
Danville deal, is one OF his supporters,
and is expected in Savannah to-day. Gen.
Alexander is now in New York, but it Is
stated that be will be in Augusta next
week. The appearance of circular let
ter, which is being sent out by Gen.
AleXauder's friends, contains the Official
announcement OF his candidacy. The cir
cular was placed in the hands of leading
stockholders here yesterday, and is as
follows:
CALLING FOR PROXIES.
NEW YORK, November, 1886.
At the request OF large number Of The
stocKholders of the Central Railroad and
banking Company OF Georgia, who believe
that q change In the management will be
beneficial to the interests OF all, aud is desired
by majority, have consented TO serve as
President If elected at the ensuing election in
January next.
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