The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-03-13
TTSNOT HALF SO BLACK.
CONSTRUCTION COMPANY ARE
u NOT AFRAID.

.--v Still All Inere--he greatest
1.-THE Lease By Robinson a
co,ditional enc.
a., yqcon tGa.l Telegraph Of Thursday.
fr,l.--.s-.iav morning President w. h.
Of the Macon Construction Com
oI1- was appointed by Judge Miller as
pau .,rs- Of the Macon and Savannah and
,,a.on construction companies.
a. snsrks took charge at once, and the
n each department OF the Georgia
I I'-+ railroad Office was served with the
showing notice:
l1 .If,rov March 1L.-By order Of the su-
" court Of Blob county, Georgia, Under
ls.I..H4,f March 70, 1891, the undersigned has
az annointe6 temporary receiver of the
-, 80 and Savannah Construction Cons
Aas19 the Macon Construction Com~
IaIibb virtue Of said order the undersigned
...-iato takes possession OF the Georgia
t1ls apd Florida railroad and the Ma
oIS"and birmingham railroad, as part Of
.5s assets o. the said construeton com
renies. These rosds Will, IRON TINS date
"a mill further notice. be operated by the
Liver under the orders OK saic court.
'"AT oficsrs. agents and employees OF tho
c.,ro;a southern and Florida railroad and
I'm and Birmingham railroad are
ANY appointed to their respective posi-
IONS under the receiver.
A'N' "W. B. SPARES Receiver"
The matter of the receivership will come
80 Indge Miller on next Saturday, at
rbich time q permanent receiver will be
appointed ,rt.rv,sved nv the Tell.
oro,,b at his warehouse on Third street yes
l. Al l. Tp-l
;rson had failed to lease the road and by
what means the present. coIDPllcaUlonS hau
arisen He said:
~ have no means Of knowing why Mr..
Robinson did not stand up to his agreement.
10 fonnd the Georgia Southern in first class
condition along its entire length, and he
nod every reason to believe that the lease
would be a paving transaction for him.
"But in my opinion Mr.. Robinson came
IN Macon with his mind already made up
not 10 take the road. When was with him
in New York he talked pleasantly Of the
coming deal, and seemed to be eager for it.
When I met him later in Washington his
manner had changed, and he would have
but little to say about it. "
"When we arrived in Macon, he seemed
10 have lost interest in the deal, ard would
not look at the terminal property. He asked
whv the road had not closed up the alley, a
matter which had been explained to him
before He also objected to the location Of
some of the lots, for the reason that there
were streets between them.
These were on par with the objections
raised by him to certain things along the
road In one place be observed two defects
in trestles, one Of which could have been re-
paired with an outlay OF S25. and the other
with nalf an hours work. In another place
he caused the train to be run at full speed
over bridge aud had an expert engineer
Oil hand TO note the vibration. and there
was none.
But the greatest stress laid by Mr.. Rob
inson upon any one point was upon the al
legged Misrepresentation made to him Of the
cJmpany's earnings.
while in Baltimore, before the contract
was made for the lease, ! noticed in the
Financial Chronicle a statement to the
effect that the Georgia Southern's gross
earnings for the month Of January were
$4,000 Wishing to make sure of this mat
ter, and have none but perfectly reliable
figures to exhibit to the prospective
lessees. photographed to General Man
ager Lane for an exact statement of the
Georgia Southern's earnings for jan
uary. which amounted to about $64, 600.
My telegram was understood to refer to the
consolidated returns of the Georgia South
the Georgia Southern system, which, for
January, were $4,000. i understood those
figures, however. TO refer only to the Geor-
ga Southern railroad, and so presented
them to Mr.. Robinson and his bo6rd.
but this objection is seen to be untenable
when it is known that the contract for the
lease was based upon the Georgia South
ems exhibited earnings of $4,000 for the
year
"Mr. Robinson also appeared to have
nervous appreheDsions of the lawsuits that
might follow the wreck at Triton. There
we're many other ways in which he man
aged to pick flaws General Manager Win
der expressed himself as highly pleased with
the condition of the roadbed, and consid-
cred the entire line in fine order.
AT Palatka, on Sunday night, Mr.. Robin
son told me that he had decided not to lease
the road. Then l knew that our New
York paper, falling due this week, could
not be met, that the Macon and North
eastern could not be built, and that Mr..
Robinson had lost good thing.
Mr.. Robinson then said to me: Can't
you folks get your heads together and make
me new proposition?'
mo, SIR told him, we have no moro
propositions to make
That ended our negotiations with him.
he left for Virginia and 1 returned to
Macon.n
How about the statement, Mr.. Sparks,
mat the titles to the Colleton lands are
made out in your name?
That is mistake. The titles were made
out In the name of s. nj. Solomon, with the
exception OF small tract in my name. We
uia TINS to divert public attention from the
oDJect OF the purchase, in order to prevent
opposition which we might have encoun-
tered had 1t become known that the railroad
company wes buying the lands"
Although considerably troubled in spirit
over the Macon Construction Company's
present condition. Mr.. Sparks had abundant
oVluehces OF sympathy and encouragement
yesterday from SO re of its largest stock
nolueFs. One Of them said he believed his
snare was worth as much as it ever was, and
"ouia mold on to it. Another was offered
par Tor his share and refused it. While
t .here was no decided demand for the stock,
mere was nobody who tried to unload any
Vi IT, All OF these facts tended to offset. to
a go. considerable degree. the depression on the
am glad" said one, "that Sparks has
Deeh made receiver, and l hope that his APP
poIhsnent will be made permanent. In his
JANUS everything will come out all right |
nav nave entire confidence in his ability to put
'N0 company on its feet again"
WHAT THE TREASURER SAYS.
!, Mr.. Henry L. Jewett. treasurer of the
A. Wv, Construction Company. was seen by
tne Telegraph at his Office Yesterday. and
Raid: w iuA0i iii"'Aou' no
| DO not think that the scare is half
fC ~ -