The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-03-08
GEN. ALEXANDER ISSUES HIS
FIRST ORDER AS RECEIVER.

ing meeting and presenting a counters
petition TO Judge Speer not to annuI the
lease, nothing has yet been done. Director
Mills thinks such a step might bear good
fruit, and hopes to see something of the kind
done.
No news has vet been received from the
Richmond Terminal officers in New York
as to what their course of action there will
be, but the supposition is that the Rich
mond Terminal people will be ready with
proper answer to the complaint at the
proper time.
Everything is now in statu quo aud the
business Of the Central is being carried on
without interruption under the direction Of
Gen. Alexander.
CIRCULAR NO. /.
Gen. Alexander issued the following cir
cular yesterday:
SAVANNAH, March z, 1892.
CIRCULAR NO. i.
Having as temporary receiver taken posses.
sion of all the property of the Central Railroad
and Banking Company of Georgia, hereby an
nouncs the following officers as in charge of the
operations Of its railroad and steamship lines
heretofore leased TO the Georgia Pacific Rail
road Company, to wit:
W. II. Green, General Manager.
Sol Haas Traffic Manager.
j. w. Hall, Treasurer.
NJ. G. Figg, Auditor.
V. f. McBee, General Superintendent.
g. NJ. Sorrel. Manager Steamship Line.
A. ]. Rauh. Treasurer Steamship Line.
All officers, agents and employees concerned in
the operations of said lines will report to and
receive instructions from the above named Off
GERS until otherwise directed.
e. 2. ALEXANDER,
Temporary Receiver.
THE SITUATION IN NEW YORK.
The popular impression in New York, &C.
cording to the Tribune, was that the throw
| ing of the Central into a receivers hands
| would emharrass the execution of the plan
| for the reorganization, but this Is stoutlY
denied by the New York friends of the Ter
minal. No official statement could be Sc
cured. Responsibility for the receivership
| is repudiated on all hands. The Calhoun
interest, which was suspected of instigating
the suit, deny it emphaticallY. John c.
and Pat Calhoun have publicly stated that
| they knew nothing of the receivership until
advised late on Friday of the proceedings.
| The news. they said. came like thunder
clap out of a clear sky, as they had not ex-
pected any such action to be taken.
The friends of the Olcott committee Of
reorganization say that the receivershlp
| will not interfere with the carrying out of
the plan. They continue TO deny the asser-
tions made that number of banking houses
have declined to enter the guarantee syndi
cate intended to assure the success of the
scheme, and renew their assertions that the
organization of the syndicate has not fairly
been begun.
DIRECTOR MABEN EALKs.
Mr.. j. G. Maben, one of the New York
directors Of the Central, in an interview
said:
1.-THE performance is most extraordinary.
Why should such action have been taken at
night, and at the instance of a single stock-
holder, and a woman at thate The Terminal
company was not represented; knew moth
ing about any such application. There was
no occasion for such haste. Nothing was
| to be done by the Terminal company yes
| terday morning which must be anticipated.
Furthermore. the minority interest in Geor-
| gia Central voted for the present board of
| directors. The election was almost,
| if not quite, unanimous. Gen. Alex
ander stated that the present board would
have been elected without the Terminal
vote at oil. The talk that this move was
| inspired by Terminal people is all nonsense
1t was stock jobbing scheme. don't say
who was in it. This action does not inter
fere with the reorganization plan, which
| contemplates voluntary exchange of Sc
curities. Nobody can prevent that. do
not see why this suit should even delay the
publication of the plan. There is no in
| junction. The persons getting the receiver
| probably wanted some outsider. but Judge
| Speer clearly would not have that, and
appointed Gen. Alexander 80 as not to dis.
| turb existing interests if he found there was
| no occasion to do so. Yet even with that
| modification, it was very strange thing
to do"
| MIR. RoUNTREE IN ATLANTA.
In an interview in Atlanta Sunday, pub
| lished in Mondays Constitution, Mr.. Roun-
| tree is quoted as saying: "In Savannah
the first day intense Indignation
| was expressed at my course
| People said that had ruined them
and paralyzed business One broker stated
that he felt like shooting me because he
| feared his stock was ruined. But after
ward | had great numbers of men
to say to me that they were glad the step
had been taKen. It was coming anyway.
and there were three bills in Savannah,
some one of which would have been filed
within twenty-four hours. Gentlemen
there gave me valuable points, and prom
| ised to aid me- The feeling there now is
that this will preserve the Central as a
Georgia institution and prevent its COM
plete absorption by Wall street specula-
| torsn
| The MORNING NEWS has made inquiry
for the lawyers who had bills prepared TO
break the lease but has been unable to find
them. Il has heard it rumored that
| two law firms contemplated filing such
! bill. but both these firms have denied they
had any such intention. Mr. Rountree Ia
expected here to-day, and probably will
furnish the names of the lawyers who had
prepared a bill to break the lease. Mr.
| Rountree. it is stated, was assisted in the
preparation of the bill by Col. w. G. Glenn
OF Atlanta.