The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-09-07
THE CHTRALIN CONTROL
ACKNOWLEDGEMENT TAXES CHARGE
OF THE 1ACOH AND NORTHERN.

The Oentr4s Plan Of Reorganization
Not Yet keedy - The Receiver at
| Work Ud1 His Report-It Promises
Some In resting ReadinR-A Full
Statement of the entraTs Condition
Promised
Receiver imer OF the Central returned
| from New u X yesterday morning accom-
panied by 4ige Adams. counsel for the
road. They kme by way Of Macon, where
Judge Ada1presented a petition to Judge
Speer in behl Of the Central, showing that
the RichmonI and Danville had forfeited
its interest the Macon and Northern,
and that as u Central has paid the entire
dividend as a 'eed upon by the contract, it
Is entitled TO LII control.
Judge Sped agreed with Judge Adams
and granted BE- order published In yester-
days MoRNtG NEWS, ordering the re-
ceiver of the tntral to assume entire con-
troll Of them on and Northern and operate
it under the Use
Mr.. Conner ppointed N. E. Harris, chair
man Of the Hssent board of managers Of
the Macon AMI Northern, agent of the Cen
trial to takd charge Of and operate the
rood. All TIL officials were continued teIn-
porarily awding further investigation Of
the affairs OF be road by the receiver.
Mr.. Comerl not looking so well after
his four week. absence. He caught cold in
New Y ork al was sick much of the time
he was there.
THE HAN NOT YET READY.
As was expected, Mr.. Conner announced
that he had nIt brought back with him the
plan OF reorganization nor the state
ment of the condition of the Central
railroad proprties financially, which he is
now engsgedipon. He said it may be two
months yet hfore the plan OF reorganiza-
ton is annouted. The plan is being pre-
pared by a committee in New York
DIR. Conner Is not a member of the
committee sd his only connection with it
Is to furnish II all the information In his
possession witch may be desired bearing
upon the valu and status OF the properties.
Mr.. Conner peters not to have any connec-
ton with be plan Of reorganization,
as he desins to be independent aud
free to expires his views of it when 1t is an
nounced. Haioes not wish to obligate him
self to a planRhich may prove unsatisfac-
tory, and By doing which many others
would be led 8 follow him.
THE iECEIvER's REPORT.
Mr.. Conner aid his statement Of the con-
Will first be til,d in the United States courts
for the insIecion and super vision of Judge
Speer. Thu statement will be a lengthy
one and viii 60 fully into details, not only
Of the preset situation, but iuto the opera
ton OF theroad under the Richmond and
Danville AMI the old Central management.
Judge Sper is DESTROYS of having full
and compleh report OF the condition Of the
system, andEhe report will be al exhaustive
one.
Mr.. Come is well pleased because be had
such great HEX in escaping the Newspaper
men In New York. Notwithstanding their
frequent efBrts to interview him, not one
succeeded il catching him. At a bsnk
where he wa in the habit of calling a mes
seuger fnforIed him that his son had called
TO see him.
Mr.. Comer2ssured him that he had no
son In New York, but the man persisted In
the Statement He afterward discovered
that the man Who wanted to see him was
from the NeWYork Sum-
EARSED ITS EXPENSES.
Mr.. Conner said the Central earned
its expenses during the summer and
increasing slowly He was not prepared to
say anything b regard to the interest &C
counts Of the Various obligations dsfaulted
upon. 1t is Expected that this will
be provided for in the plan
Of reorganization. The semi-annual
dividend upon the Georgia railroad falls
due in Octobe1 and MIR. Conner intimated
that it would y paid, though he did not say
SO. This will 70 in keeping with the policy
Of Mr.. Cont to pay such obligations
as are nedssary to prevent the
dismembermeit of the system. He said it
will be some tine yet before he will Ale his
Statements upob which he is now engaged
with Judge Sher.