The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-04-01
TO PAY OUT $15NOOO.
THE CENTRAL TO PAY ITS Rental
OF THE GEORGIA r. r. TO-DAY.

OF THE GEORGIA r. R TO-DAY.
President Conner Says the Money Has
Been Received and is All Ready to
! Hand Over-The CsntraPs Indebted
ness Maturing By Months During the
Rest of This Year-A Cheerful Feel
| ing All Around In Central Railroad
! Matters.
The Central railroad will to-day pay over
! S15000O, its one-half OF the semi-annual
rental Of the Georgia railroad. which is
+, leased by the Central and the Louisville
| aud Mas hville.
! President Conner said yesterday that the
money is all ready and all that remains TO
be done is to turn it over. He also said that
arrangements had been made to meet all
maturing obligations of the Central rail-
road and there will be no further difficulty
about securing the money. There are only
about 5000 Of indebtedness maturing this
month besides the Georgia railroad
the indebtedness Of the Central
maturing during the remaining months of
the year is greater than for the present
month, being as follows: May 1864, s56 IS,
| June S344 ,155 43. July S477, SIT So August
! Sl0356 81. September 1913, 1893 43. October
| Sl6S,54l 50, November s., 600, 1856 50, Deem
| Der S265. 296 49,
| The large amount due in November in
| cludes the Speyer loan of SO, 100000 with
| interest. AS this will probably be extended
| for year, and perhaps other Indebtedness
also maturing in November, the amount to
be paid out that month will not be much
above the average for other months.
TO MEET ITS DEBTS PROMPTLY.
Mr.. Conner said that arrangements have
been made by which the Centrars indebted
ness wA be met as fast as it natures. He
| did not say, however, whom the arrange
| ment had been made with. The providing
for the maturing liabilities will go long
way toward re-establishing confidence in
the Centraps securities.
President Conner is now regularly estab-
| lished In the presidents Office at the Central
| Railroad Bank. He is very busily engaged
in looking into Central railroad affairs and
| posting himself Oh all matters pertaining to
| the condition Of the road, financial and
otherwise. He finds his correspondence so
large that, with the press OF other business
| at present, he is unable to attend to 1t all
Immediately, and If some Of his correspond
ents are not answered Immediately they will
understand that this Is the reason.
Ed. Workman, formerly private secretary
| TO Gen. Alexander, but who has been in
| Atlanta since the Central was taken charge
of by the Richmond and Danville has re-
| turned TO Savannah and is now In his old
position as secretary to the president.
GEN. ALExANDBR's STATEMENT.
With regard to the indebtedness of the
Central railroad. which has been
incidentally discussed of late, Presi-
dent Conner said in answer
to a question yesterday that Gen. Alex
ander's statement of the indebted ness of the
road made to the court was evidently COR
rect, and there is no foundation for the re.
| port that the indebtedness is really greater
| than stated.
A director Of the road said yesterday that
the board has decided to hold weekly meet
ings from now on to discuss the situation
aud give the president the benefit
of their advice on all questions.
Only the local directors will
be expected to attend the weekly meetings,
but all the directors will be expected TO att
tend the regular monthly meetings
The whole board is determined to give
| the president its assistance in every manner
possible, and to take an active interest in
the affairs Of the road. The directors are
satisfied that the best man for the situation
has been secured, and all that is necessary
now is for every one, the business element
| of the city especially, TO give him their
undivided support.
MANY DIFFICULTIES TO CONFRONT.
There are many difficulties to be
confronted" he said, ''but we
believe that with careful and
| economical management and with the
assistance that has been offered us that we
may be able TO pull through. Our idee is
TO re-establish the old Central railroad. 1t
will take sumo time to do this, but it will
be a crediteble work when it is done.
The directors were in favor Of a post
ponement of the election ordered for May
10 until the annual nesting in January, but
b,,xr FC31 .I e., g
to that effect. and yesterday the petition for
a meeting OF the stockholders for an election
as prescribed by the charter was proposed.
| The charter requires that a petition for an
election must oe signed by thirty stock
holders representing 1000 shares or more,
the election to take place within thirty days
Not quite thirty names were secured yes
| terday, but the number of shares repre-
sented was about 5000 The remaining
number OF names required will be secured
to-day. No opposition to the present board
| is anticipated, in fact it is doubtful
| if dozen minority stockholders could
be found who do not approve Of the position
taken by them.
NEW ORDERS ISSUED.
An order has been issued, and copies sent
| to all the agents Of the Central system,
which practically re-establishes the regula-
| ton in force prior to the lease with regard
TO shipments Of freights. Other orders of an
| important nature are expected shortly.
| 1t is thought that the old relation between
| the Louisville and Nashville and the Gem
trail railroads will be resumed, and that a
! very close alliance will be formed between
the two systems. A gentleman from At
lanta, who was in the city yesterday and
who Is well posted in railroad matters, said
| that this impression prevails In Atlanta.
Such an alliance would be very desirable to
both systems. The Western and Atlantic
| railroad now controlled by the Louisville
| and Nashville, is the natural western con-
| nection of the Central.
No wonder the manufacturers of high-priced
linments fear Salvation Oil. as it is both good
and cheap. Price only 25 cents.-Ad.