Savannah morning news. [volume] (Savannah) 1868-1887, 1886-11-21
THE FIGHT FOR CONTROL
PRESIDENT RApUL'4 FRIENDS
STAND FIRMLY By HtM.

Exaggerated Rum ors a bout the Amount
of Central stock Bought by Norm ern
Parties-The Amount of Mrs, Greens
observation-disclosures atisfied with the
Present Manage mrnt of the Road.
The stock market quieted down yester-
day after the unusual activity Of the past
week. Central went up point TO IFS,
but there were hardly any sales. The
days transactions were less than 500
shares.
There was an impression that an effort
is beng made by parties desiring TO pur-
chase TO keep the stock from gong any
higher, and to accomplish this that the
statement has been given out that enough
has already been bought by Gen.
Alexander's friends to insure his
election.
The statement telegraphed from
New York o. Friday that the Green
stock, amounting to 1920 shares, has not
ueen sold, but that tt will be voted for
Gen. Alexander. conf cts with tue state
ment made by MAJ. Hartridge that 1t vas
sold outright, and credits Mrs. Gree n
with Considerably over thousand shares
more than she owned.
THE NEW YORK STOCK.
Ndpbs hHDul > AIlEUuS nNi6 say ludb blc
amount OF stock that has been bought by
Northern parties has been greatly exag-
geraed. A month ago ii was estimated
that 30, coo shares were held in New York
and large portion OF this stock is known
Ito be favorable to Capt. Raoul and to the
present administration.
A large ST, ckholder In the road said
yesterday that he has no doubt Whatever
that the management of Its affairs during
the past four years is satisfactory to nine
tenths OF the stockholders and that no
change is desired by them.
INCREASE IN BUSINESS.
The business OF the road Is rapidly in
creasing, ana, but for the expenses OF az
extraord mary character incurred Last
year, and which are explained in the
Presidents recent report, ii would have
paid a much larger dividend than it did.
The development OF tho Carolina lines
recently consolidated into the Port Royal
and " estern Carolina system, embracing
over two hundred miles uf road: the re-
cent purchase of the Boston anC Savan
nah Steam ship line; the extension OF the
Columbus and Western road TO Birming-
ham. and its connection there with the
Kansas City, Fort Scott and Gulf road
establishing through line 10 Memphis,
the larVe-t interior cotton market in tne
South, aud Kansas City, forming a con-
uectiOn that "ill bring to the Central "a
large part Of the business that now goes
over other lines, cannot but increase aud
very /, rgely too, the revenues OF the road.
THE BIRMINGHAM CONNECTION.
1t Is expected that the Bumingham
road will be completed by the middle OF
SepGem Der. Tue connection with Kansas
City, The centre OF the most i'm pOrta nj
producing reg on OF the West, not only
oOens TO the section OF country Lraversed b.
The Ceutrafs eXlstins lines The cheapest
channel through which 10 draw its pro
ducts, but alsO Affords the shortest mile
axe route from that section to New YORK
and other Eastern cities. 1t is conf
IDENTIFY believed that an Improvement in
The revenues o. the road will follow close
upon the completion Of this connection.
IMPROVING THE ROAD.
The relaylng OF the entire system with
stee rails. and the increase in rolling
stock. although at considerable cOst ,
Will effect a saving Of over 500, 900 IN tue
operating expenses. In live years s., O00, =
ODO Ot per cent. bonds Will become due
Assuming that these bonds can be funded
at per cent. there will be- another saving
of $lO0,0O0, thus decreasing the expeudi.
lures, wnile at tBe same time the
rapid development OF the country
and the requirement of new territory
cannot taIl 10 BRING aoout very large in
crease IN BUSINESS. A daily line of steam
ers to New York and semi-weekly liue
TO Boston and Philadelphia are benz
considered and viii most likely put Oh
at an early day.
CAPT RAOULIN NEW YORK.
President Raoui is now in New York in
the iuterests Of the road, and is getting
posted as 10 the situation there. Among
the LARGEST holders of Central stock
In New York is Mr.. Pine.
who repre- sengs the estate OF the
friend Of Capt. Raoul. Mr.. Pines infiu
ence and he stock he Is able to control
will, in event OI a contest, figure very
strongly in the election. Capt
RaouPs friends here are confident O
bis reelection by a larger vote than
be received four years ago. At that
election $4,000 shares were voted, the
largest amount OF stock that has even
been voted at any election since the com
pany was Organized.