The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-05-16
THE COMMITTEES REPORT.

THE COMMITTEES REPORT.
SAVANNAH, GA, May 10, 1892
To the Stockholders of the Central Railroad
ana B1nking Company Of Georgia:
At meeting of the board of directors of your
company, held on the 4th inst, a resolution was
adopted, of which the following is a copy:
WHEREAS, There is TO be election for
board OF directors OF this company on the 10th
day OF May; and
"WHEREAs, The banks of this city are largely
interested in the stock and securities of this
company, and will represent impartially the in
tereSts of all concerned therefore be it
Resolved, That the presidents of the several
banks in this city be requested to confer with
MIR. II. NJ Conner, the president of this COM
pany, and in conjunction with him to choose
and recommend such a board OF directors to
the stockholders as they shall deem most to the
advantage OF this company"
In accordance with said resolution the under
signed, representing all Of the banks in this
city, have conferred fully with Mr., H NJ. Conner,
and, after due and impartial consideration of
TINS very important matter, we beg to recon-
mend to you as fit and proper persons TO be
chosen as directors on May Is. 1892,
the following gentlemen, to-wit: H.
NJ. Conner, George J. Mills, Abram Vetsburg,
John X. Garrett, Joseph Hull, Henry r Jack
son, Savannah. Ca. Evan z. Howell, Atlanta,
Ga; Urlah B. Harold, Americas, Ga; s. r.
Jacques, Macon, Ca; Charles H. Phinizy, Au
gusta, Ca; William G. Raoul, Charles S. Fair
child, New York; Henry d. Mcdaniel Monroe,
Ga.
The charter of your company requires that
eleven of the thirteen directors shall be residents
OF Georgia. We think a sufficient number OF
the board should be residents Of Savannah, or
within easy access thereto, SO that q quorum
can be had on short notice
Without arrogating TO ourselves any superior
wisdom or judgment over others. we think it is
true, as stated in the resolution. that we are In
a position to represent mpartialy the interests
of all concerned" After the most careful consid-
GRAFTON of the great interests involved, we have
suggested such changes in your present board
as have occurred to us as right and proper. We
are informed that those OF the present board
whose names have been left Off by us do not
care for, and some, If not all of them, decline,
a reelection.
Perfect harmony in your board is essential to
the interests of stockholders and creditors
absolutely indispensable to the success of your
company. Any fractional fight among the
minority stockholders or discordant elements in
the board, would be serious and might be dis
astrous 80 the best efforts directed toward q
restoration of confidence and credit. The securi-
ties of your comp any and its dependencies have
been favorite investments for the people of
Georgia, and many of the women and children,
widows and orphans, of our state have their all
In them.
The banks of this city, over which we have the
honor to preside, and their stockholders and
customers, are largely interested in your com
pany, and we necessarily feel the deepest con-
Germ for its welfare and prosperity.
The names presented by us are familiar to
you. The gentlemen recommended for your
board are worthy of your confidence aud sup
board, and We believe, they will at once revive
and, in very short time, fully restore confidence
and credit which, and which alone, are neces-
sary to place your company in the high position
it once commanded. Very respectfully yours,
JOHN ELAENERY President,
Southern Bank of the State of Georgia
JOSEPH D. WEED, President,
Savannah Bank and Trust Company
SAMUEL p. HAMILTON, President,
Merchants National Ban of Savannah
HENRY BLUM, President,
The Germania Bank
CHAs. H. OLNsTEAD, President,
The Chatham Bank,
HERMAN MYERS, President,
The National Bank of Savannah
B. A. DENMARK, President,
The Citizens Bank of Savannah.