The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-01-01
CASTING THE COUPONS.
THE CENTRAL PAYING ITs OWN
AND sOUTHW ESTERN DIVIDENDS.


AND SOUTH ESTERN DIVIDENDS.
! The DEPOSIT OF Securities for the Pay
ment OF Interest on Bonds as Well
as the DiYid ends-Gsn. Alex ander's
Telegram From John h human.
! Directors Have a Short Meeting.
The Payment of Southwestern Divi-
bends Begun Just Before Closing
the Banks.
Everything is seemingly serene between
| the Richmond and Danville and the Central
railroad once more.
The following telegram was received by
! Gen. Alexander from John Fl. Inman yes
terday morning:
NEw YORK. Dec. 81, 1891.
| Gen. z. p Alexander:
All payments will be made by DanvilIe under
the lease, including Central dividends. I am
greatly gratited TO be able 10 give matters this
turn. JoHS H. INMAN.
This settles the doubt as TO the payment Of
! the dividends guaranteed by the lease.
Payment Of dividends upon South western
stock was begun at the bank about quarter
of an hour before the bank closed and will
be continued until the full amount has been
paid.
A notice was posted at the bank in the
morning stating that owing to a misundeT-
standing the bank would not be able to COM
mence the payment Of the Southwestern
dividends yesterday, but that it was hoped
that everything would be arranged aud the
payment begun in a few days.
Upon receipt Of Mr.. Inman's telegram
the notice was taken down and the payment
Of dividends begun. To-day, being New
Years day, however, the Central bank
will be closed, together with the other banks
of the city.
THE DIRECTORS IN SESSION.
The Centr al railroad directors met again
yesterday morning. Capt. E. 2. Howell
of Atlanta and U. b. Harold of Americas
were present besides the local directors.
President Iumans telegram settled the
difficulty which called the board together,
however, and the discussion Of the subject
was only casual
President Alexander was seen after the
meeting. He said Mr.. Inman's kilograms
had settled everything, and there will be no
further trouble
THE GRIP DID IT.
"Mr. Inman has been confined to his bed
for two weeks with the grip" said Gen.
Alexander, land do not think be was &C
qualnted with the situation at ALL If he
had not been confined to his bed l
do not believe the question would
have been sprung at all. It was entirely due
to misunderstanding on the part of other
officials and would never have occurred if
Mr. Inman had been in charge. These
matters are provided for in the lease aud
there can be no question about them.n
Gen. Alexander said the question of the
accounts will now be settled by arbitration
This is the end of it, though" he said
There will be no further trouble about the
matter"
"What showing will the Central railroad
make in the settlement of accounts with the
Richmond and Danvilleg" he was asked.
AN OFFSET To THE CLAIMS.
THE claims. :" said Gen. Alexander, twill
be more than offset by the Central rail-
roads showing. When the lease was made
the Central turned over to the Richmond
| and Dauville over 100000 worth OF coal,
large lot Of croSsties, new rails, old iron,
large quantities of supplies of every
| character, all cash on hand and at the
agencies, and all bills due. 1t was a run
ming business, 10 fact. that they assumed,
and was SO stated in the terms of the lease
The value Of all these things will exceed
| somewhat the claim made by the Richmond
and Dauville"
''Will the Richmond and Danville be due
the Central railroad the difference then9"
mot at all. Neither will the Central
owe the Richmond and Danville anything
should the difference be in its favor. BY
the terms OF the lease the lessees assumed a
running business with all its regular ex-
penses and accounts. IL was impossible to
make an exact statement Of these liabilities,
of course, but this was we'll understood by
the lessees"
THE DIFFERENCES AT AN END.
Gen. Alexander was confident that this
would be the end Of the difference between
the two railroads, and that the arbitration
will be mere matter of form. Neverthe-
less, he said, he will post himself thoroughly
on the items of the claim, 80 as to be fully
prepared for the arbitration. This, he said,
will take about two weeks. The arbitra-
ton will occur some time later.
Gen. Alexander carried his point of
placing the securities with a third party
pending the settlement OF the arbitration,
instead Of with the Richmond and Danville,
as demanded.
The announcement that the Southwestern
dividends would be paid proved a great re-
lief in financial circles, as did the assurance
Of the payment Of the interest on the de-
beutures.