The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-04-23
PRETTY WELL TIED UP.
PRESIDENT Conner DIDN'T TRY TO |
GEE THE $4,000 SHARES.

Richmond and Danville-A General
Good Feeling in New York over the
oentrars Prospects - Talk of the
Coming Election.
President Conner Of the Central railroad
returned from New York yesterday morn
ing after an absence Of nearly two weeks
upon business connected with the road
Capt. H. Q. Cunningham, one Of the coun-
sci for the Central, accompanied Mr.. Cos
mer.
President Conner was very bright and
cheerful. and the impression made upon
those who met him and discussed Central
railroad affairs was that things were look~
ing very bright for the company, In fact,
this is what Mr.. Conner said himself when
asked as to the results of his trip.
There is really nothing to say about my
trip" he said, Except that met the parties
most Interested in the Central railroad, that
is the Speyer people and the other creditors,
and was given a most pleasant reception.
They assured me of their cooperation in
| our efforts to re-establish the system and l
have no hesitancy in saying that they will
be willing to accommodate US to any rea-
sonable extent. They seem satisfied with
the policy Of the present administration
| and are inclined TO give it their support
THE $4,000 SHARES.
With regard TO the Terminals big block
or stock, az, coo shares, Mr.. Conner was not
in position to give any dehuibe information.
He had not been trying to secure it, he said,
! nor did he know that Speyer & Co. were
| making any efforts to get it, nor whether
the Louisville and Nashville had any de-
siRns upon 1t. or If the Richmond Ter
ninal people or the Central Trust Company
were trying to put it in position TO vote it.
All of these things, 8s is known, have been
reported.
Mr.. Conner said it could be put down as
fact that nobody will vote tho stock at the
| coming election. 1t Is too badly sled up,
and the Termipal people are in no condition
TO disentanglelt. Ii is the basis not only of
the stock of the Georgia company, but Of
the trust bonds which have been issued
upon IL by the depositors. The Terminal
people now own no other interest In the
stock than its voting power. and with that
gone their interest In 1t practically amounts
TO nothing
Mr.. Conner said the opinion Of some of
the best lawyers In New York with regard
TO this stock is that it Is so badly tied up
that there Is no telling whom IL will get
cleared from its present connections, and
consequently the Central has little to fear
from 1t at present.
AN INTERVIEW WITH TERMINAL MEN.
President Conner and Capt. Cunningham
called upon President Walter G. Oakman
and other officials Of the Richmond Ter
minal and were very pleasantly met by
them. They said there was no manifesto
ton OF i'll will or antsgonism toward the
Central They found the Terminal people
so busily engaged in their reorganization
scheme and SO badly split up
among themselves that 1t was i'm
possible to make head or tail
OF the situation. These factions are so
busily engaged in fighting each other that
they have little time to consider the Con-
trail.
President Conner made a demand upon
the Richmond and Danville people while In
New York for the release Of the $500, 900 of
Ocean Steamship Company bonds deposited
in escrow in December to secure the pay
ment Of the last dividend, and was refused.
No reasons were given for the refusal.
President Conner and Capt. Cunningham
returned by way Of Macon, where they had
an interview with Judge Speer and
secured a decree ordering the Rich-
mond and Danville 10 release
the securities held In escrow. An
order was also issued upon the Richmond
and Danville to pay over to the Central the
10000 insurance received upon the Macon
depot. Thus the hand of the court will
compel the Richmond and Daavtlle to dis
gorge what 1t had attempted to rifle from
! the Central's treasury.
AN ADJUSTMENT OF THE PAY ROLLS.
President Conner said the question of an
adjustment between the Central and the
| Richmond and DanVille as to the March
pay rolls and other matters between the
two companies has not yet been reached,
| and may not be reached for some time.
President Conner hasdirected Supt. McBee
to make arrangements TO rebuild the
Macon depot at once. Plans have already
been drawn, and the contracts will be
given out Immediately. IL is the desire to
enlarge upon tho old depot to the extent of
40 to 45 feet IN length. TO do which 1t will
be necessary to encroaoh upon the street
The CITY of Macon has been requested TO
| donate the portion of the street needed to
the Central, for the street is very wide at
that point, and the ground can easily be
spared. The city council has refused to
donate the portion of the street, however,
and demands 81 900 for the privilege. This
the Central thinks too much. The attention
OF Mecon's city fathers will be drawn to the
factthat the Central Is now paying annually
(and has done so for a long term of years.
$4,000 for the privilege of entering the city
of Macon, and 1t is entitled 60 some consid-
GRAFTON at their hands.
Just after the war when the city OF Ma
con had no credit and was unable TO raise
money needed, the Central railroad took its
bonds and endorsed them and placed them
upon the market at par. Macons city
couucilmen might refresh their memory
upon this point and consider that one good
turn deserves anothe OF.
A STIR AMONG THE DIRECTORS.
Some of the Central directors were
considerably exercised yesterday morn
ing over the article IN yes
terdsy's MORNING. NEWS upon the
inwardness of the reports concerning Col
Gordon's opposition to Mr.. Conner for the
presidency. They said the article entirely
misrepresented their position, both while
upon the board under the Richmond and
Dauville and in their present support of Mr.
Conner. Some of them were about TO put
In cards in reply, but on second thought
decided not to do so.
Mr.. Conner said the impression that he
felt himself under obligations to the present
| directors for their support Is q mistake, as
such is not the case, nor
does he think the directors
considered it In that light. He has been
assured by every member of the board, be
said, that their designations were ready at
any time they might be demanded. add he
| should not hesitate to avail himself Of their
prefer il the advancement of the system
should make it ad visable.
OneAdirector said last night that he
Thought all of the present board would be
I ala II sWk