The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-05-15
CENTRAL'S NEW BOARD.
THE TICKET TO BE VOTED AT TO-
MORROW'S ELECTION.

| 1lCReL without OppOSltiOp-ElRnt OF
the Present Board Recommend for
Re-election-Capt w g. Raoul, Elk.
Gov. Mcdaniel, Hon. Charles G. Fair
child, S. r. jacques and President
Conner the New Members.
TIE directors of the Central railroad,
which will be elected Tomorrow in ac-
cordance with the order OF Judge Speer
for the election of legally qualified board,
have been named They are as follows:
H. NJ. Conner, George ]. Mills, Abram
| Netsburg, john K. Garrett. Joseph Hull.
Henry K. jackson OF Savannah; Evan P.
! Howell of Atlanta; Uriah B. Harold
Charles H. Phinizy of Augusta; William
g. Raoul and Charles s. Fairchild of Now
York; Henry D. Mcdaniel of Monroe.
At the last meeting Of the Central di-
| rectors a resolution was passed requesting
the presidents of the various banks of the
| city to confer with President Conner for the
purpose OF recommending a board Of
| directors to be placed in nomination at the
coming election.
The committee so constituted completed
its labors Friday, and the result was for
mally made public yesterday. Judged by
the make up of the ticket the idea adopted
IN securing a board that would
and thoroughly in accord with the friends
OF the road throughout the country gener-
ally, was a most happy one. 1t would have
been difficult TO name board calculated to
give more general satisfaction to all con-
cerned, business men, stock and security
holders, creditors and citizens generally.
The committee has reason to feel proud OF
its work.
THE COMMITTEES REPORT.
The full report Of the committee Is as fol-
lows:
SAVANNAH, GA, May 10, 1s92
To the Stockholders Of the Central Railroad
and BInking Company of Georgia:
AT meeting of the board OF directors of your
company. held on the 4th inst, resolution was
adopted, Of which the following Is a COPY:
WHEREAS, There is to be an election for a
board OF directors Of this company on the 10Th
day Of May; and
WHEREAS, The banks OF this city are largely.
interested in tue stock and securities of this
company and will represent impartially the in
terests of oil concerned therefore be it
"ReSotUed, That the presidents of the several
banks in This city be requested to confer with
Mr.. IL. VI. Conner. the president of this com
pany, and in conjunction with him to choose
and recommend such 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, save conferred fully with Mr.. II N. Conner,
and, after due and impartial consideration Of
this 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-wlt H.
NJ. Conner, George J. Mills. Abram Vetsburg,
John X Garrett, Joseph HUI, Henry R Jack
son, Savannah Ga; Evan T. Howell Atlanta
Ga; Uriah b. Harold, Americas, Ga; s. r.
jacques, Macon, Ga. Charles IL. Phinizy, Au.
gustl, Ga; 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 snail be residents
OF Georgia. We think sufficient number Of
the board should be residents of Savannah, or
within easy access thereto, so that a quorum
can be had on short Notice.
Without arroRatinR TO ourselves any superior
wisdom or Judgment over others. we think it is
true, as stated in the resolution. that we are ia
position TO represent impartially 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 an might be dis
| nStrouS to the best efforts directed toward a
| restoration OF confidence and credIss The secur-
! ties of your conn 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, which we have the
| honor TO preside, ana their stockholders aad
customers, are largely interested in your com
pany, aud We necessarily feel the deepest con-
Germ for its welfare and prosperity.
The names presented oy us are familiar to
you. The gentlemen recommended for your
board are worthy of your confidence and sup
port. Their election will give you harmonious
board, and, we believe they will at once revive
aud, IN a 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 FLANNERY, President,
Southern BanE of the State of Georgia.
JOSEPH d. WEED, President,
Savannah Bank and Trust Company.
N0rons SAME Ma r HAML1oS, President,
HENRY BLUM, President,
The Germania Bank.
CHAs. H. OLSsrEAD, President,
The Chatham Bank.
HERMAN MYERS, President
The National Bank of Savannah.
b. A. DENMARK, President,
The Citizens Bank of Savannah.
THE NEW MEMBERS.
It will be seen that there are five new
members on the proposed board. The
old members who will remain on the new
board are Messrs. Howell. Hull, Phinizy,
6hTHetb, Mills ana
Jackson, all of whom are we'll known to
the people OF Savannah and the state. All
except Gen. jackson and Mr.. Mills have
been members of the Central board for
several years and are experienced in its
| affairs.
The interest lies in the new mem
beers. Hon. Charles 8. Fairchild
is the most prominent of
| these. having been Secretary of the
Treasury under Cleveland and now being
president of the New York Security and
Trust Company. MIR. Fairchild is a finan-
cier OF most distinguished ability, and is a
man of the very highest character
Even more prominent, in Central rail-
road affairs at least, is Capt W. G. Raoul,
for several years president OF the Central
and now presidents Of the Mexican National
railway. Capt. Raoul is man in whom
the people of this section have the greatest
confidence, and who has the welfare of the
Central railroad at heart. Both Mr..
| Fairchld and Capt Raoul were
placed upon the board at the suggestion of
the New York creditors, Speyer & Co., and
the New York Mutual Life.
Ex-Gov. Henry d. Mcdaniel is another
| prominent addition to the board He is
| from the upper portion of the state. As
ex-governor OF Georgia, succeeding the late
| Alexander II. stephens, be is well known.
| His reputation for probity and uprightness
is of the highest. He is a leading lawyer
and his opinion upon any judicial subject is
1 a n,l II