The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-11-22
TO RECOMMEND A PLAN.
HoLLINs' COMMITTEES TO REPORT
UPON T He CENTRAL NEXT WEEK.

Receiver Conner Back From New York
After a Consultation With the Com
mittee-The 100000 Bonds and
Debentures Not Likely to Be Taken
Up by the syndicate-The Mobile
and Girard Middle.
Receiver n. NJ Conner Of the Central
railroad returned yesterday morning from
New York where he attended meeting Of
the Hollins COMMITTEES. Mr.. Conner when
seen had very little TO say about the meet
Ing of the Rollins committee except that 1t
will issue report next week Of the result
Of its investigation into Central railroad af-
fairs with such recommendations as TO the
future disposition OF the property az the
committee thinks will result to the advsn-
tage Of the system and those interested in 1t.
The recommendations Of the committee
will be Of considerable interest as showing
its plans for the renovation OF the property.
Mr.. Conner said that the members OF the
committee had already been made
acquainted with the condition
Of the Central property and
his report 10 the committee was no
surprise to the members. He could give no
idea Of what the report will contain, but
intimated there might be surprises.
WILL NOT TAXI UP THE BONDS.
Mr.. Conner does not believe the first mort
gage bonds 80 the amount of S., 000, 900. and
the debentures, will be taken up ia January
by the syndicate, as has been reported. No
such move, he said, had been contemplated
by the committee or syndicate, as far "a he
knew.
Mr.. Conner could ey press no opinion of
the plans OF the 6olllns committee. He was
asked about the Mobile and Girard railroad
muddle in Alabama, a receiver having been
appointed for that road by the state courts,
and a case brought in the United States
court to compel the Central railroad TO equip
she road with rolling STOCK. Mr.. Conner
said @. 7. Pollard, formerly q crosstie con-
tractor In Savannah, had been appointed
receiver OF the Mobile and Girard railroad
by the chancellor Of the state court on the
application OF a minority stockhoIder. As
the road bad no rolling stock Of its own and
the Central refused to furnish 10 after the
appointment OF the receiver, the receiver
decided not to take possession of the rail-
| road, but brought suit in the United States
| court to make the Central furnish the rail-
road with rolling stock. The case will come
up for hearing before Judge Bruce at
Montgomery Dec. 6.
ROAD WITHOUT ROLLING STOCK.
The Mobile and Girard railroad has been
Tor number OF years dependency OF the
| Central railroad. The Central owns the
majority Of lite stock and is the indorser
upon its bonds, large amount Of which are
held in the Centrars treasury. The road 10
| rented for III per cent. dividend upon its
stock. amounting to $40. LAG 40. The fixed
| charges are about $63, 600 annually.
The road formerly earned a good profit
above all expenses, but owing to the cut
| ting into its territory by the Alabama Mid
| land railroad and the Savannah, Amerious
ana Montgomery railroad 1t is now opsrated
at a loss.
The results of the matter may be that the
Central railroad will seoare ownership of
| the road by foreclosure upon the property.