The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-03-06

Col. Gordon had little doubt that the
lease will be broken. AS 10 the subsequent
results 1t would be difficult 70 predict.
! Col. Gordon, like many others. had an
/ impression that there was a scheme behind
I the move and be hsd conference yesterday
with Mr.. RJUniree 10 ascert lin the true in
wsrdness of the mater, Il possible. He
said. however. that be could learn nothing
further than appeared upon the face OF the
bill, and 20 fer as he could see, everything
was straight and honest in the application.
WANTS COL. GORDON.
Capt. Fannery said the effect cannot be
known until the final result. He doesn' Z
think Capt. Raoul would accept the per-
maneat receive ship in view Of the fine
position be now holds. Col. Gordon. Capt
Fiannery thinks, would make a good re-
ceiver, IL Judge Seer determines to ap-
point one. None Of the banks Of the city
tics he injured.
Capt. Hen-y Blum, when approached for
his opinion OF the situation. replied: 81 am
little perplexe l. l don't know whether
to believe Pas Calhoun Is behind Mrs.
Clarke's move o not. 1t seems strange
to me that a PARTY owning but fifty shares
should start litigation which cannot but
injure herself and many others. but may
also bring about intsrminable litigation.
ASO4 o@AS Al NGbA0AAh& bhS bRAAAOu bh6h ~ a
census Of the minority stockholders Is taken
nineteen-tweutieths of them will be found
TO favor the continuance Of the lease. be-
cause no one can hope to operate the Gen.
trail independently in the future with any
degree of success.
THE GUARANTEE THEIR HOPE.
1.-THE only hope for the stockholders lies in
the z per cent. guarantee. Otherwise they
can only hope to get dividend from the
earnings Of the road itself, and that, In my
opinion, would amount to but little.
I'm the present status of affairs" con-
tinued Capt. Bluh, az believe the large
block Of 10000 shares held by the Central
Trust Company will be divided up among
the individuals interested, and they, In or
der to strengthen themselves, will buy up
the minority stock. With per cent.
guarantee, doubt IL any minority stock
holder would have thought Of selling out or
even exchanging, but now they may be
compelled 20.
1T is intimated that certain parties who
were interested In the original pool are at
the bottom OF the present trouble, but what
truth there is In this don't know. There
has besn a great deal Of sentimentalism in
regard to the lease causing heavy losses to
the city sustained by the removal of the
headquarters and the discharge of employees.
This. however, Is natural consequence
where parties acquire large properties and
desire to operate the same for what money
there ia IN them.
THE HEADQUARTERS TO COME HERE.
my opinion, as expressed by me fire.
qneutly, il that the time will come when
the headquarters of the Richmond and
Danville system will come to Savannah. 1t
is the natural headquarters for such a sys-
tenn, and / believe they would have event.
ually been brought here.
at Is a hard thing,n said Capt. Blum,
that such tima-honored institution as the
Central Railroad Bank should become so
seriously affected by the action of holder
Of only fifty shares Of stock
In response 20 an inquiry as to his choice
for permanent receiver Capt. Blum said: al
see no reason why Gen. Alexander should be
displaced in favor of any one else. He is
thoroughly conversant with all the Central
affairs, and, in the language of Abe LIN
coin, i dent believe III swapping horses
while crossing a stream"
MAY BE A GOOD THING.
Mr.. ]. p. Williams said be had not made
up his mind on the subject. 1t appeared
on f1rse thought, that the move to break the
lease is very unfortunate one at present
However, IL by this action the control of
the road should be restored to Savannah,
or there SHOULD be q change in its policy. it
would certainly be for the best interests Of
the city. He could not help but feel In
sympathy with the move to certain ax-
tent on this account. The policy of the
Richmond and Danvills certainly has not
been favorable to Savannah, he said. IL
has shown little consideration for the inter-
eats OF the city and its financial management
has been terribly vexatious to the business
men, especially with regard to the collec~
ton OF claims Mr.. Williams does not think
the business interests of Savannah will
suffer by the appointment of a receiver. He
did not think the port will receive one bale
of cotton less, and possibly the receipts will
be increased.
Mr.. Williams said it Ia very unfortunate,
however, that the move to break the lease
should not have been made earlier il ii was
to be broken at all
"rhe legislature was only waiting to hear
from Savannah last year to take decisive
action upon the question Of the lease" he
said, "and il there had been decisive ex-
preston from the business men the lease
would certainly have been broken. We
acted as IL we were afraid of the subject. il
must be confessed"
Mr.. Williams favors Capt. Raoul for re-
ceiver.
THE MAYOR ON THE SITUATION.
Mayor McDonough said that he consid-
cred the breaking OF the lease the making
of bad matters worse. 1t will have a de-
moralizing effect upon Savannah for awhile,
at least. and may do considerable Injury.
Mayor McDonough hopes to see Capt. Raoul
made permanent receiver II Judge Speer
decides the suit well founded. He thinks he
would make good manager OF the proper
ties.
DIR. Falligant was met upon the street and,
in answer 20 question as to his views on
the situation, said: at is an unfortunate
thing at present and will have a disastrous
effect upon the interests OF the minority
stockholders. It will be better in the
end, however, for the lease TO be broken.
The sooner the road passes into the control
of men who will operate it for fair return
upon the actual capital invested and not for
dividend upon watered capitalization,
basede.. merely upon a supposed income,
and not upon the capital invested means
that the life must be skinned out of the
commerce of the country and the employees
Of the company to obtain the dividend. It
would be burden upon the commerce of
the country"
A CALAMITY JUST NOW.
Mr.. Herman Myers said: at is calam-
ity coming at present in more ways than
one. have no Central railroad
stock aud so am not personally interested
What / look at Is the effect upon northern
investments in the south. There are two
companies now, the Macon, Dublin and
Savannah rA ilroad and the Savannah
Americas and Montgomery railroad that
are endeavoring 70 raise capital In the
north or whose capital must come from
u.