The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-06-05
CoMER's CLAIM DENIED.
The Dsnville Says the Central Owes
1t $2.316.oo6.


MACON. Ga, June 4.-The hearing on the
petition OF President Conner for the release
of the New England aud Savannah steam
ship stock came up In the United States
court to-day. During the progress of the
argument Judge Speer suggested to the
counsel that il might be possible to come to
settlement other than by going into full
argument. He suggested that the receivers
certificate for the amount expended on the
Mobile and Girard extension, which was
$l52, 900, and which was in reality all that
held the sock in escrow. be de-
posted in lieu Of the stock pending
an adjournment To this the counsel for
the Central was agreeable, but Capt. Harry
Jackson for the Richmond and Danville,
asked that the certificate be made for
$500, 900 and that it be given to the Rich
mond and Danville for their use pending
an adjustment. The court adjourned to
Monday at noon to give both sides a
| chance 10 agree.
THE DANvILLE's ANSWER.
In the answer of the Richmond and DAN
vile to President Comer's petition Is a
showing Of the present standing of the ac-
| counts between the Richmond and Danville
aud the Central. To arrive at this account
| ing the Richmond and Danville engaged
the services of Stephen NJ. Williams, vice
president Of the Central railroad of New
Jersey, and formerly auditor of the Ph1la-
delphia and Reading railroad. His
affidavit shows total expenditure by the
Richmond and Danville during the holding
OF the lease of s7,226.572. with contra
account Of "a, 900 ,665, leaving debt on the
Central to the Richmond and Danville of
| S2,3l6, ,906 65. The Richmond and Danville,
in this answer, says that the claims of the
Central of $4,000, 900 debt cannot be sub
stantiated.
ATLANTA, GA, June 4-This evening in
| conversation about the application for q re-
ceiver for the Richmond and Danville rail-
| road, President Oakmau Of that company,
who arrived here to-day with Sam Spencer,
said he believed that the Central's action
would prove a boomerang. While he did
| not say so in so many words, Mr.. Oakman
| evidently thinks there is more animosity
and retaliation than real business In the
| action of the Central. "And,n said he, "the
| effect of it will be to greatly damage that
road in New York 1t is already in such
| bad shape that IL is not considered at all
| in any Of the plans for reorganization
| by the Terminal. but in my opinion
| the stockholders who are behind this un-
| just move against the Danville will fare
| worse for il in the end.n Mr.. Oakman, in
regard to the probable action Of the Dan
vile, said bond for S5,000.000 would be
given is necessary to defeat the appoint
ment OF a receiver. which he did not think
would be done at any rate.
THINKS IT'S A BLUFF.
The Centrars move he regarded as some
what In the nature of a bluff" In speak
| ing of the inventory of the Centrals assets
as found since it was given up by the DAN
vile, and which plays an important
part in the Centrais claim against
the Danville, Mr.. Oakman and Mr.. McBee
| both said that this inventory and the in
ventory made at the time the Danville took
| hold were both made under the same Off
cals, and it is asserted that a strengthening
out of accounts as asked by the Central will
show that the Central has more property
now than when taken in charge by the
| Terminal. Mr.. OaEman said further that
a revision of the books by Vice President
| Williams, who is an expert accountant
| shows that the Central owes the Danville
something like 81, 900, 900 and that a claim
for this amount will be filed. This will
| nearly Offset the Central's claim against the
Danville, which is the principal ground for
the receiyership.