The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-05-29
Certain Erroneous Statements Corrected.

Certain Erroneous Statements Corrected.
To THE EDITOR OF THE SuN-Sir: beg SPACE
for the correction OF certain erroneous state-
ments which appear in your financial article
of Sunday. May -, with reference to the Cen
trail Railroad litigation in Georgia. 1t is not
true. as stated in said article. that the Central
Railroad property was placed in the hands Of a
receiver simply because the plaintiff alleged
that the property was being mismanaged by
the majority stockholders" nor is it true that
a new election of directors was ordered
"on the ground that tho Board Of Directors
consisted OF persons who should not be in
trusted with the management Of tho prop
erty:'' nor is it true that tho nine directors
who have heen Reelected =" had been pre-
viously declared by tho Court incompetent to
as We're
nor is there tho slightest foundation in fact
for the statement that they were taken at
the instance of u young attorney who Is said
to sustain close relations to the Judge who
took the property under his own jurisdiction"
trail in the hands OF the present receivers. and
which required new election Of directors. was
delivered by luaEe raraes the Circuit Gu, Judge
Court This decision was predcated upon the
proposition that the control of the Georgia
wise controlled other railroad systems com
netitive to the Georgia Central. was in viola
as whsE Of as vo
ali combinations and contracts OF this charac-
ter whose design or effect is to lesson .compe-
sion was reached after full hearing and
argument; in which e; counsel repreSenting
e aG ws The The
Georgia Pacific Railroad Company. was at
once turned over to the Richmond and Dam
trolled the Georgia Pacific, The same coun-
sci. representing both the Georgia Pacific and
the Danyillo companies. filed answers in be-
ra clpDtS u Inv
abandoned the lease. surrendered the property
into tho hands OF the Court. and claimed that
cause 1t had not beon sanctioned by the stock
holders Of ,he Georgia Pacific Company The
ws Of tGs cSr TT w no. 4naed FROM
:, Your article errs further in tho statement
that the lessee, company was compelled, ito
tie Georgia Central Comrany This INV" inven n.
Tory WAS made. not by the Danvlle. but by the
Central Railroad Comrany and by that com
he pro Tr lett With the Snra b. the pan
Vile when the latter, repuddipted the lease and
taken by order Of the Central's President after
me Danyille Company had declined to be rep
nnd ntd in IL q rat and it
superintendent. BY its employees and for its
Use ise exclusively Before the Centpls rresi-
knowcEe, or consent. and without any nu:
hori,y whatever. the inventory was turned
'ormer employees who was at that time IN the |
service Of the Central. The inventory. there
n,re; IT VIII be perceived. was entirely and eX-
md the Danv!le Company had no right what |
'vertp Its possession. 1t was. only after re-
we're made IN vain that the MD Of the Court |
Sns finally and MS Il last resort invoked.
] am sure that your article was written |
!ndG,r amisapprehension of the facts and that |
Will give you pleasure to make this correc-
Ion in justice to all concerned.
A. p. ADAMS.
or Counsel for c. r. Il. and Receivers
SAyANNAH. May 20.