The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-03-31
$4,000 THE MINIMUM.
The Dublin and Western Short Line to
Be Sold for Not Less than That.

Be Sold for Not Less than That.
In the superior court yesterday, a decree
of sale of the properties of the Savannah,
Dublin and Western railway was granted
by the court, which instructed the counsel
to prepare the decree, and he would sign II
in due form tomorrow. The decree fixes
the minimum price at which the road shall
be sold at $50, 600
The title of the suit was W. H. Ferguson
q 20. ct al, parties complainant, and the
Savannah, Dublin and Western Short Line
Railway Company ct al
Ferguson q Co. obtained a verdict at the
last term OF the superior court Their petit
ton was for the sale of the road and for a
report by the master Of the result Of the
sale.
Nearly all of the prominent members of
tne savannah bar, and two or three men,
bers Of the Atlanta bar, were retained on
one side or the other and representing
various interests, but Messrs F. G.
duBignon, Charles N. West, Col. William
Garrard, w. w. Fraser and II. G. Gun
nlngham were the only attorneys present
who figured in yesterdays proceedings.
Mr. West plead for the decree to fix
500, 00O as the minimum sum at which the
road should be sold H. c. Cunningham,
Esq. representing Gen. Z. P. Alexander,
the purchaser of certain franchises Of the
defunct railroad. opposed the fixing of so
high figure. He argued that the receiver
had gone into a careful examination Of the
property of the company and fixed it's
value at $50, 900, and that the decree should
be modified to conform to the minimum
price, with the value placed upon the prop
erty by the receiver.
The court evidently shared sthe view of
Mr. Cunningham, and decreed the sale of
the road, after proper legal notice, and
fixed the minimum price at $500
The expected litigation at Macon in the
United States court did not come off 1t
will be remembered that Judge Speer
passed an interiocutory order that Mai
Branch, who had sold the franchises of the
road to Gen. Alexander for 100000, should
pay over that amount to the receiver, or
show cause why he should not be proceeded
against for contempt. The case was as
signed for hearing last Friday, but Maj
Branch, the chief character in the proceed
ing, was absent, and, it is said, he was re-
ported ill and out Of the state-somewhere
In Virginia.
A leading member OF the Savannah bar
remarked yesterday that it was not I'M
likely that Maj. Branch, after he had
received the 100000 for the sale OF the
franchise of the Savannah, Dublin and
Western railway. divided it at once among
his partners in the pool to unload the road,
and it would hardly be possible for him to
obey the mandate Of the court to pay $780,
600 to the receiver, and as imprisonment
confronted him as the only alternative he
was not surprised that Mai Branch is
in Virginia for the benefit of his
health, nor will the surprise deepen If Maj.
Branch finds the climate of Virginia COP
genial for some time to cor e.
AS the debts Of the Savannah, Dublin
and Western aggregate early $500, 900, and
the superior court has decreed tuat it may
be sold for $4,000. The creditors will not
have to be expert in figures to ascertain
how much they will get out of the wreck
after court costs, attorneys fees, and re-
ceivers' and masters fees are paid.