New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-20
rtio anuar On the hooks 10 have been furnished for

plantations appear the books TO have been f0r"''ne' ''
such sums. . ,
Also that claims compensation for financial services
to the Central Co after IL was pufcn'rca
Us above described. by your company were pala " no
director OF your company the amount OF Soooo ana t'
,,ther claims for alleged financial services 10 the same
ouronv were made by the director for the further
sum Of 100000.
/. appears, further that oil the moneys oor'o"'" ~
mi. Geor,i, Central Railroad Company through this
Director have notw ,ndne the above claims LOT Se"
vices becn borrowed on terms exceedingly advantageous 10
the lenders and upe, collateral clamed to be worth ~
least double the amount Of the loan. .
II further aupcars that this Georgia Central H. H. 'o'
although alleged 10 be earning some l. per cen. ul 10
stock when 30 purchased by Company ana athoue"
r. has ,cuoincd I'm the management OF the Trustees WHO
AZ thu amc tine sold IL for tn ms Ives ard bought ior su
has. under this management, since "co"c ui"N'p' -
nv strange coincidence. although purehas'n ny !o' "
~ so nroatahle TO sellers the moment an attempt was
made by yorr Company through It's contro OF "'e S'o
o,sa with the valuable services of these same 'rus
tees this same Georgia Central H. H. Co. was ~h' ous "
vour hands by the action Of Georgia JuuPs anu .',
nreed stock which you had paid FOR ana w"'n
supposed your Company o""cu ""' 'f
chIsed by this same Judge c.,,,oo ~,
T, veil, annc,r therefore, that the Subcommittee OH
REORGANIZATION has had ample occui"''on III r,o q,
TO bring sort OF order ont oil 'n's isr esovor
business and legal transactions ana II pos'o''' W
your interest In the same" .. .. Conn
>, r o,r th,t IT, Is quite possible that your Com
ranv NAV have fully much and perhaps h'oo y" 49,
from careful and patient Investigation ifo" ~ 49, r
from any hurried attempt at rcofeahizauon s"u . and
conronv u IL has proper rehabilitation Is eh''c" "
-, ~ ,h., I, On, oct from both these sources ioui
CON rlttoe NJ seventeen, through its sub-conii'''"'
also placed itself in the way OF frienoy ,hrs
the holders Of each class of the 'o"p'n' , I'd
taking stems 10 secure concerted action IN "sSe's '
ao,n, a,v rights which the Company may have anu
,h will ture TO the benefit OF all Glasses OF It's ~
cuilties. ., =, oss,d,ous
such has been the result Of three months OF %
work ., vour Committee Seventeen and It's various SUI
- m d ,,o.o result. have been accomplished WIN
ou cost or expense of any kind to your company anu S
Advisory Committee point 10 th-n a. sno"i"s "' ,s
ACCOMPLISHED by concerted cooperative WV" W ~
c,n,l owners Of the property in contrast win "hn' M
been done by a Bolrd OF Directors, who atnou2" "e
cur nroncrtv baye for the most part had sm"" IL
any interest in IL, and which, the moment '''io .,,
came upon your Company, pacucauy ao' 49,,
,ru.t and left your property BE- eored for py Au'S
ar Denomination Committees until nov" WHICH, w ~
oro,, ~ vorr Advisory Committee, the debts "cn sum
Board 4 Directors had contracted, have Deen oNV
interested parties, members OF sald V"ru sie -,
obc IN c,yanlze new life into the remains Oh -a'u
board and It thcreupon Immediately eNpc"u' sun
life in attending to delay the work OF your o'''
mittec As will be perfectly evident from the iosons
your advisory COMMITTEES snd its snb-Comni'0.e' ~
still much TO do which must be aecolhphsh'u oeio w
can remove the real and actual Obstacles "hcn nave %
and sin are preventing the proper reorganization oi you.
comnonv on terms which will do justice to the Interest," Vi
It's stockholders. Your Advisory Committee appie.
however that there should be no aNoldabie deIV III az"
comullshng this Desiring that the stochho'uerS '"
he the fullest possible information both as to the a'ua
condition az thcir Company aud 20 the causes "hch
have produced this condition. the AdNlsory 'on"'"'
through is Proxy Committee. have requested Ill s''o
holders to have their transferred to their own h''
md to attend IN person the stockholders meeting " o
hold I'm Richmond Sept 18th and have also requested
such as may be unable TO attend such meeting Du. VINO
approve Of the OF the Advisory Committee OF seven
tnn and who desire q full and impartial invesusaton
Of the past management Of the Company a. We"
"a its reorganization, send their proxies TO us
Proxy Committee consisting OF Messrs. o'ro'I
Bull Cornell Stone aud Smith. The Al.
ylsory Committee states that in approaching anu
conducting such Investigation IL prejudges no man. ~
ron 90 that all who have had Official connection WIN
the Company and whose actions motives nay be Drought
into quc.ton shall have full opportunity 70 eNpah S"o
actions and such motives Where IL shall appear tnat ms
takes have been made but made in good fa this COM
| mittce Will In Gaze 1t shai appar u''
mistakes have MADE by which. while your Iomra"!
Ia, suffered Trustees Directors who hSde such 's''A
have benefited prJnt.d opportunities VIII DO gN'h "
such parti,, wtlo mad, such mistakes TO make proper
reparaton TO your Company. In case parties VINO nave
pronted by with your Company ana wmio
acting as Director by their action have thus caused mo
Comany Z, surer loss and whore ruch parties "h'h o.
fcd the opportunity unwilling 10 make equitable ana
propr rcraiaon thi, Committee VIII request the receivers
up propr officers invoke tn aid Of the court 10 enforce
such PROPER rcparation and restitution.
on th, policy and this platform your Advisory Com
uee asks tho cooperation Of all Interested and will
| welcome their aid.
wN. T. STRONG. Chsirnon;
| WIN. IL. GOADBY, TiloS. T. MANSON.
cID f. STONE HEMAN CLARK,
| WM I. CLYDE, j. G. RElFF, 30,
| I g. M,BEN SAMUEL THOMAS,
W Nj ALE XA l. Il l. WORMSEk,
SMITH. JOHN \. ELTnFRFURD.
WIN. L. HULL, GRANT H. sDhi-Ef'
GEO C. COPPETI. H. 4. PLANT,
Advisory Committee.