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

more trust estate investments have been
made in Central securities than in any other
on the market, and the bringing OF this suit
naturally depreciates the value OF the
property and lessons the income
Lawyers we're not inclined TO express
opinions upon the situation. They said it
might appear rather awkward for them 20
be confronted by opinions expressed 70 the
contrary when appearing for client in
some phase or other of the case. Consider
able litigation upon the subject is antici-
pated.
"What effect will there be upon Savannah's
interests II the lease is brokenl is hard
question TO answer" said Cashier BurdslI
OF the Chatham Bank, "but If IL will tend
Georgia men with Georgia interests, it
must rebound 70 Savaunah's benefit. see
no reason for alarm among our hnanclers,
there is only very small holding Of the
stock here and but very little Of 1t in the
banks. Furtt ermore, while the Georgia
company de facto, the Richmond and DAN
vile railroad, controls 40 900 shares Of Gen.
trial, we may be sure they will not sacrifice
their holding without a struggle, ard the
smaller holders cannot Immediately suffer
any material loss.n
A well-known attorney, who, by the way,
predicted this very action last fall. said a
permanent receiver would certainly be
granted, in his opinion.
WHICH TO PAY.
Some Of the merchants have consulted
their lawyers as to whether is,would be adj
visable for them to pay freight bills to the
reoeiver or to the agents OF the Richmond
and Danville until the settlement of the re-
Ownership question, as the order Of the
judge is not considered as covering this
ground. There may be a general holding
up OF freight bills In consequence OF this.
MAJ. 7. w. Meidrim was asked for an
opinion. He said that as the terms OF
Judge Speer's order do not enjoin the Rich
moDd and Danville from collecting its debts,
all bills contracted since the lease took effect
and up to the appointment OF the receiver
belongs to the Richmond and Danville, and
must be paid to 1t and not the receiver Of
the Central.
Capt. Cunningham said he had never
given a thought to the point until it was
preached by the MORNING NEWS, but he
felt the same as Maj. Meldrim about the
matter. However. he said, Gen. Alexander
had gone to Macon to see Judge Speer
about that and other points, and he has no
doubt that the judge will satisfactorily
arrange things SO that no confusion will
result
The lawyers, who were said to be prepar-
ing bills 10 Savannah against the lease
similar to the one presented by MIR. Roun-
tree, could not be found yesterday. w. w.
Mackall, Esq. of Charlton g. Mackall, said
that the report that they were engaged
upon such a bill was incorrect and Col
Garrard said he was not she one whom Mr..
Rountree had gotten ahead of upon this
move, as he was not working on that line.
LAWYER RoUNTREE AGAIN.
Mr.. Rountree, who brought the bill spent
yesterday in the city having the subpmnas
served upon the directors Of the Central,
was seen at the De Soto last night. Mr..
Rountree said that the defendants in the
bill in New York, in Georgia, Tennessee and
Alabama and elsewhere will be served by
process of the court as soon as possi-
Bile. The subpenas upon the Savannah di-
rectors were served by Deputy Marshal
Hayward Of the United States court.
Mr.. Rountree said the day In Savannah
had been very satisfactory one TO him.
He had new lines Of evidence and new ave.
nues Of attack opened up TO him. and had
received encouragement on every hand
"There are numbers of the minority
stockholders in the city who are ready Co
join in With me and become parties to this
suit" said Mr.. Rountree. II have
half dozen lawyers to-day represent.
ing their clients who are considering
the question of joining in and associasing
themselves with me In this case. furnished
them with copies of the bill and they are
now studying it with view to discovering
IL 1t meets their ideas OF the case 1t is very
probable that shall have associate counsel
from Savannah.
IN FAVOR OF THE BILL.
"You would be surprised at the number of
men of all classes and professions who have
approached me to-day and expressed their
sympathy with the objects Of the bill aud
NfFa hatr aid "A
in support Of it, Lawyers, bankers and
business men generally were among the
number. The number includes some Of the
most prominent and influential business men
in Savannah. l only left, few minutes
ago, one of the wealthiest and most infiu.
entail business men Of the city, who offered
me every assistance in his power. There
will be no lack of cooperation from Savan-
nah in this matter"
ibid you not find some who believed q
scheme Of some kind to be behind this
movement" Mr.. Rountres was asked.
20, yes, quite number Of them" he re-
piled. 81 explained the situation thor
oughly to them and did my best to show
them that the move is what it is, an honest.
open effort by a minority stockholder to
break the lease and place the road In the
control Of those who will operate it to its
best Interest,"
NOTHING IS CONCEALED.
II wish you would say again that there is
nothing concealed behind this movement
and that it is just what it appears to be
upon the face OF it.
1.-THE statement in yesterdays MORNING
NEWS OF my position was a very correct
one and gives true statement of the case. y
Mr.. Rountree left for Atlanta last night,
He will be in the city again this week to
look after matters connected with the case.
He does not think there will be any post
ponement Of the case from the date set for
the hearing March IA. and that the question
will be definitely decided at that time.
Capt Cunningham said last night that he
did not think the case will be heard March
IA, on account of the shortness of the time
allowed the defendants In which to prepare
their case.
TEPnE ETNEn %1oO