The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-03-12
CENTRAL DIRECTORS ACT
TO FIGHT TO TIE END THE PETIT
TON FOR A RECEIvER.


The Answer to Mrs. CIsrke's Bill Not
Likely TO Be Filed Until the Case
Comes Up for Hearing-The Direct
ors 20 Hold Meeting in Macon Mon
day-9en. Alexander Explains Their
Position - Lawyer Rountrse Sick
With the Grip.
/ A special meeting Of the directors OF the
Central railroad was held yesterday morn
J lag In Gen. Alexander's office 10 discuss the
situation and take action upon the petition
for q receiver.
Capt. E. P. Howell Of Atlanta. Col. c. q.
Phinizy Of Augusta, and Mr.. U. B. Harold
Of Americas were present, with ali Of the
Savannah directors. Mr.. Maben Of New
York, and Mr.. II. 7. Inman Of Atlanta,
were the only members Of the board absent.
A letter was read from MIR. Inmau regret
ting bis inability to be present.
Gen. Alexander was seen after the meet
ing. IL was. be said, merely to instruct the
attorneys Of the road, Messrs. Lawton s.
Cunningham, 70 appear at the hearing Mou-
day and resist the petition for the appoint
ment OF a permanent receiver. This was
only matter of form, be said, Is it was un-
derstood the Central directors would take
such action.
WILL FIGHT THE RECEIvERsHIP.
"As the directors made the lease" said
Gen. Alexander, land are satisfied that Il
is for the best interests OF the stockholders.
naturally they will do what they can to pro-
tecs these interests.
I'VE Sill consider the lease the best thing
for all concerned, and will endeavor 10 pro
tact ff- HflfF- -ffshS Of fha f1n -
holders have already expressed themselves
against t1e appointment Of a receiver and
the breaking OF the lease, and the desire Of
the majority should certainly prevail over
the wishes of a few stockholders who seem
blind to their own interests. The Rich.
mond and Dauv lie has performed all of It's
guarantees, and there Is no reason for the
breaking of the lease. The Central railroad
Is solvent corporation, aud there is no
ground for the appointment of a receiver
Mr.. Harold decl ned TO discuss the situa
tion. he approved the action of the board.
A BAD THING TO DO.
Capt. Howell said last night that the
Central directors will use every effort 10
prevent the appointment of receiver and
the breaking OF the lease. He was strongly
or the opinion that the breaking of tho
lease would be an unwise thing TO do and
injurious TO the interests Of the stockholders
The Richmond and Danvllle has paid its
per cent. dividend so far, and there is NO
reason to doubt that the next dividend vii
be paid as promptly as the first" he said
Capt Howell talked as if he did not be-
lieve the lease will be broken. THE Cen
tral Is solvent corporation, aud has No.
need of q receiver" he said THE peonIe
who are disposing of their stock for less thsn
par are very foolish. | will not sell dollar
OF mine for less"
will it still be worth par in case Of the
appointment Of a reeeiverG" he was asked.
at will" he replied. The Central rail
road is in good condition, and is still as fine
piece OF railroad properly as can be found
In the SOUTH"
TO MEET IN MACON MONDAY.
The Central directors will meet In Macon
Monday morning before the hearing of
Judge Speer, TO act upon any question that
may present itself.
No answer has been filed by the Central
railroad or Richmond and Danvflle
people yet to the bill fled by Mr..
Rountree. IL is not expected that any an
swer will be filed until the case
comes up for a hearing. Mr.. Rountree, the
attorney for Mrs. Clarke, is i'll with the grip,
but is keeping up contrary to the advice
of his physician. DR.. Boyd who is attend-
ing him has advised him to remain In his
room until he lie fully recovered.
None OF the directors who were seen could
give any information as to what action
IL any has been taken by the Richmond and
Danville people, or whether they intend
doing anything.
A broker who had just heard of the
action of the directors said that now the
railroad hos gone to law it will be like a
long game Of faro where the dealers per
cent. eats up all the money on the table and
nothing's left for winners or losers. 1.-THE
lawyers will get It all, he said.
Capt. Raoul, who is prominently men,
toned for the permanent receivership, Is ex-
pected at his home at Bolingbroke. near
Atlanta, to-day from New Orleans, 1t is
said that 1t will accept the receivership upon
certain conditions.
THE SoUTHwEsTRRN's ACTION.
A meeting Of the South western stock.
holders was held in Macon day before yester
day to take action in the contest. DIR. BAXTER
presided. and W. s. Brautly acted az secre-
tary. Gen. A. R. Lawton and H. M. Conner
of Savannah, Capt. John A. Davis of AL
bany and DIR. Baxter and w. r. Cox OF NJ.
con were present. Capt w. G. Raoul and
Col. w. W. Gordon were expected but
failed to arrive. Tracy Baxter of Ma
con and Denmark, Adams g. Adams of
Savannah were employed to represent the
Southwestern at the hearing of the re-
ownership case.
An effort similar TO that by the Augusta
and Savannah stockholders will be made to
have the dividends upon the Southwestern
railroad declared fixed charges Of the Gen.
trail in the event Of the appointment of a
permanent receiver. 1t was the sense of
the stockholders that the stock of the South
western is perfectly good, and they are
merely taking precautionary measures to
protect their interests