The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-08-28
RAIL AND CROSSrIE.
An S-Hour Schedule Between Savan-
nah and Atlanta.

General Passenger Agent Halle of the
Central is arranging for a new fast train
service between Savannah and Atlanta,
which he expects to have In operation Oct.
| l. 1t will be an 8-hour run, the train leav-
ing Savannah at O'Clock in the morning
and arriving at Atlanta at 3 o'clock in tho
afternoon. Only three stops will be made
between Macon aud Atlanta. The average
speed OF the train will be forty miles an
hour. Mr.. Halle IL also arranging for a
through sleeper from Nashville to st. Au-
gustine via Macon TO catch the Florida
travel This sleeper will be put on Oct. l.
The Central will wind up its Tybee season
| in about ten days with q big excursion from
all the stations along its line between Savan-
nah and Atlanta and Augusta. This seasons
business over the Savannah and Atlantic
railway so far has been very good. Last
Sunday the Central brought in $50 people
for Tybee. Augusta sent down 277 and
Atlanta and intermediate stations were
represented by the other 259. To-day a
large excursion party will come down from
| EatOnton.
The Central has made a rate Of So 80 for
the round trip from Atlanta to Savannah
for the colored Baptist convention which
meets here next month.
The Central will sell tickets to the G.. A.
R. encampment at Washington next month
| at one fare for the round trip. Tickets will
be good from Sept. Is to 20, inclusive. 1t
has also made similar rate for the great
fights in New Orleans. These tickets will
be sold Sept. 2, 8, 4 and 5, and will be good
to return till Sept. Is.
g. Demirg, travelling passenger gent of
the Savannah. Florida and Western rail-
way, received telegram from New York
yesterday stating that party Of twenty
five will leave there Monday next on route
to New Orleans. The party will leave
there by the steamship City OF Birmingham
and take the Z :04 o'clock a. m. train via
the Waycross Short Line. 1t consists of a
portion of the best class Of New York's
sporting fraternity that go to witness the
great battle between Sullivan and Corbett
The union depot at Macon is rapidly
nearing completion. The walls are up, and
the girders for the roof will be placed In
position this week. The Office portion OF
the building is already completed. General
Passenger Agent Halle Of the Central SAYS
that the depot will be one Of the finest in
the state.
They charge you IS for a round trip on
the Pixies Peak railroad.
Twelve thousand men ape employed In
building the eastern section of the Trans
Siberian railway.
Rapid progress toward financial organ
ization is reported by the San Francisco
and Salt Lake Railroad Company The
road will be PCS miles in length, and it is
claimed that il can be built and equipped
for $12 900 900.
The Pennsylvania lines east Of Pittsburg
and Erie show a decrease iA net earnings Of
1891. 917 for July. The decrease since Jan.
l is $685.. 564. The western lines for July
show decrease Of 1911, 400, and for the
seven months of s117,s7S.
The old standard 9o-pound steel rail. which
has been in use by the Pennsylvania Rail-
road Company, Is to be gradually done
| away with, aud in future on the track OF
the main lines the standard will be 100
pounds, says the Philadelphia Press.
Foreclosure proceedings have been COM
menced at st. Clairsville, o., by Frederick
| K. SJearns Of New York on a mortgage of
| $3.50, 900 ON the property of the Wheeling
Bridge and Terminal Company Of Wheel
ing, w. Va, and Martins Ferry, 0. The
property is said 30 be worth So, 0OO. 900, and
carries mortgages to the amount of over
S2,000,000.
A story is told 70 the effect that A. A.
Mcleod, who is now Readings president,
one day found an old woman at a little sta
ton lamenting the non-appearance of
| train that ticket agent had told her would
take her to Philadelphia. The agent had
misinformed her, so Mr.. Mcleod sent for
| an engine aad q passenger car, which took
her into the city. He insisted that the
| company must act in good faith with every
body.
The New York Times publishes the fol-
| lowing letter sent to Receiver OAkman OF
the Richmond Terminal Company by Mr.
| henry Clews: After the various attempts
| to reorganlZe the company which you rep
resent as receiver which have proved to be
unsuccessful. the stockholders of the ill
fated concern naturally look to you TO save
| them from meeting with total humiliation.
| 1t is very evident that after the serious
shrlukage that has taken place in the stock
OF the company, from S75 TO So share
| the present quoted value of it-no
NEW money will be contributed by the
stockholders for the purpose Of reorganiza-
tion, especially as the stockholders are pro-
foundly aware that Ghe disaster which has
overtaken the company may not unlikely be
due, In part at least, to unfair and unjust
dealings on the part of the men who were
placed in charge OF the affairs of the COM
pany. The i'll success met with by those who
have been working arduously for the reha-
bilitatlon or the company in the course OF
| their Investigations seems TO have led to the
discovery OF wrong acts committed by mauy
of the director, who have profted thereby
to the serious loss of the stockholders.
1.-THE stockholders, therefore, are led to
| request OF you to make searching investi-
CATION, as receiver. of what has brought tie
Richmond and West Point Terminal Com
pany TO disaster; what money has been re-
ceived Oy the company since the stock sold
at SIS per share down to the present time,
when it is selling at IS per share, there being
a difference of S67 share, equal to a depre-
citation of $40. 800, 900, and what has become
| of all this money. In other words, what is
there to show at the present time to com
pensate the company for the difference be-
tween 1915 share and IS share which loss
the stockholders have mad TO sustain. Have
any Of the directors or officers Of the Rich
mOnd and West Point company been the
recipients in the way of rebates or in any
other way whatsoever profited by the &C
QUESTION Of property by the companyl II
So to what extent9 And which of the di-
rectors, If any, have 30 prostitutsd their
positi as trustees?
The law on this subject is clear and ex-
plioit, and provides for the recovery and
restitution, which is as follows: ANY per-
son who is a stockholder in a corporation at
the time that a wrong act is committed by