The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-06-02
NOT QUITE so TALKATIYE
PRESIDENT COMER'S ADVICE TO
THE CENTRAL DIRECTORS.

The June Meeting Develops Little of
! General Interest-Ex- Gov. McDan-
iel's Resignation as a Member OF the
Board Accepted But His Place Not
Yet Fllled-Mr. Conner on the Termi-
nal Reorgsnizetion-Tw More New
| Appointments.
The Central railroad directors held their
June meeting yesterday. Ten Of the thir-
teen members OF the board were in attend
ance. They were President Conner and Col.
C. H. Phinizy of Augusta, Capt. E. P.
Howell Of Atlanta, U. B. Harold OF Ameri-
Gus, 8. R. Jaques Of Macon, Joseph Huh,
Gen. H. r. jackson, A. Vetsburg, J. K.
Garnet and George j. Mills of Savannah.
The directors were In session pretty nearly
all day. but nothing Of interest developed 80
far as known. President Conner said after
the meeting that only the usual monthly
business was transacted and that there was
nothing to announce. There were no sensa-
tions, he said.
One of the features of the meeting. as
was afterward Learned from q director, was
lecture TO the directors by President
Conner upon the subject OF talking TO news
paper men upon the policy and affairs Of the
Central and other things connected with the
road. President Conner gave notice that he
would look after that branch Of the work
hereafter and will do all the talking to the
newspapers that is necessary.
DIRECTORS MUST TALK LESS.
President Conner thinks some of the
directors have been talking too much of
late, though it must be said that the news
papers have never found them very COM
municative. 1t will not do TO quote "a
director" hereafter as authority for interest
ing reports and foreshado wings Of approach
ing events which sometimes come to pass and
sometimes do not. President Conner, as is
we'll known. only states facts and then only
when they are assured. The newspaper
men will have TO skirmtsh around for some
other source from which to originate rumors
hereafter. Considering the dull times and
the kind manner in which the new ad-
minstration has been treated by the press
it is rather unkind for President Conner to
seal the lips Of the directors in this way.
GOV. M'DANIELs' RESIGNATION ACCEPTED.
The resignation OF ox-Gov. Fl. D. Me-
Daniel was received and accepted at yester-
days meeting.
AS already stated Gov. MoDaniel's rea-
sons for resigning was inability to attend
the meetings of the directors on account Of
the lack OF time aud the distance at which
he lives from Savannah when the meetings
are usually held.
He did not feel that under the ciroum-
stonces he would be able to give the affairs
of the Central the attention demanded of
him as director. Gov. McDaniers place
has not yet been filed.
The semi-annual dividend upon the Au~
gusta and Savannah stock, amounting to
$50, 800, was paid over yesterday by Cashier
1. III. Cunningham to President Lawton Of
the Augusta and Savannah railroad. Ar
rangements have been completed to pay the
semi-annual dividend Of $751; 900 upon the
Southwestern stock when due, June 30.
THE FIRST TIME IN ELEVEN YEARS.
Yesterday was the first June meeting OF
the Central directors IN eleven years in
which the semi-annual dividend OF 4 per
cent. was not declared. This, however. was
expected, and there was little discussion OF
the matter, either by the directors or out
siders.
Since the Alexander administration
took charge the Central has regularly
paid per cent. semi-annual dividend
Previous to that the Raoul administration
had been paying a per cent. dividend an
nually for five or six years. For several
years the Central paid no dividend though
one year after a long interim big divi-
dend was declared. This sent stock sky
ward, but IA littlo while 1t was coming
back down as fast as it went up.
President sComer said yesterday when
asked about the proposed reorganization of
the Terminal properties by Drexel, Morgan
q Co., that he did not understand that
Drexel, Morgan & Co. had undertaken the
reorganization OF the Terminal as yet. but
that they were simply looking into its affairs
with view to that purpose.
PRESIDENT Conner speaks very highly of
Col. Samuel Spencer, Drexel, Morgan &
Co.'s financial agent, who is making an in
vestigation Of the properties in question.
He said that ha knavv him RI ha fhorou nj W
reliable. honest and capable and that what
ever report he made of the situation could
be relied upon.
NEW PASSENGER AGENT.
D. H. Bythewood. city ticket agent of
the Central railroad, was yesterday APP
pointed by Maj. Shellman 20 take charge
of the affairs Of the office of the general pas
senRer agent temporarily until q permanent
appointment can be made. Mr.. Bythewood
is now acting general passenger agent. He
has many friends IN the city who will be
glad to have him continued in that position
permanently.
1t is announced on reliable authority
that J. f. Babbitt, at present general
freight and passenger agent of the South
Bound railroad. will be appointed pur-
chasing agent of the Central in a few days.
Mr.. Babbitt's appointment may be con-
sidered a certainty. He had considerable
experience in purchasing material for the
South Bound railroad during its construc-
ton, and made a reputation there as q
shrewd and careful buyer
President Conner, accompanied by the
counsel of the Central railroad, left for
Macon last night to be present at the hearing
OF the petition to Judge Spser to release the
steamship company stock from escrow and
return it to the custody Of the Central rail-
road directors