The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-11-28
THE CENTRAL'S AFFAIRS.
ROLLINS COMMITTEES READY TO
MAKE ITS REPORT.

Receiver Conner and the Directors
Gone to New York to Hear It.
No News Has Been Received by Re-
ceiver Conner About the Calling IN of
the Mutual Life Loan, and He Doesn't
Believe the Report-He Declines to
Discuss Gov. Tllmen's Message on
the Central
Receiver II. NJ. Conner of the Central
railroad and B. a. Denmark, Esq. associate
counsel, left last night for New York upon
business connected with the Central rail-
road.
Mr.. h M. Conner, president and receiver
Of the Central Railroad; Capt. H c. Gun
bingham, general counsel and Mr. B. A.
Denmark, associate counsel and Directors
George J. Mills and Joseph Hull left last
night for New York. There will be a meet
ing in New York this week of the directors
Of the Central.
Mr.. Conner was seen yesterday by
MORNING NEWS reporter and asked if his
trip to New York was caused BY the an
nouncement that the New York Mutual
Life Insurance Company had called in its
loan Of 100000 to the Central.
The object OF the meeting is to re-
ceive the report of the Hollius committee,
giving the result of their investigation into
the Centrals affairs and views as TO the best
manner Of restoring the property to sound
financial condition.
Mr.. Conner said positively that his visit
had no connection with the reports sent out
from New York Of the calling in by the
the New York Mutual Life Company Of it's
loan OF 500, 900 TO the Central railroad. He
has not been notified of the calling in of the
loan and he does not believe the reports are
true.
THE LOAN TO BE EXTENDED.
Mr.. Conner said arrangements had been
made with the New York Mutual Life to
extend the loan, and there were only some
details which remain to be adjusted that
have prevented the completion of the ar-
rangement. He did not appear TO be appre-
heusive upon this score.
MT. Conner was asked about the message
sent 10 the Carolina legislature by Gov.
Tillmau recommending that action be taken
against the Central railroad because OF It's
control and management Of the Port Royal
and Augusta railroad. it being alleged that
the latter road was being controlled by
the Central 20 prevent competition
and shut up Port Royal An extract of
Gov. Tilman's message was published in
yesterdays MORNING NEWS.
Mr.. Conner declined to discuss the matter.
He will await the action of the South Caro-
lima legislature upon Gov. Tillman's
message.
THE ROAD INSPECTED.
The report Of the Hollins committee upon
the result Of its Investigations will be
awaited with great interest by the large
number of people interested in Central stock
and securities.
There is an undercurrent rumor that the
report OF the Hollins committee will not be
as favorable to the future prospects of the
Central as was anticipated when it first be-
gan its plan for the Improvement of the
Centrs's condition, aud that the Rollins
syndicate is not going into the enterprise
quite as deeply as was first reported.
Shrewd fnanciers do not believe that the
Hollins party will undertake the whole |
charge Of the Centrars finances
If the Holins committee finds itself IN |
able to carry out its plan to restore the Cen |
trails credit, there will likely be a reversion |
TO the former plan of reorganization, which |
1t was hoped would be avoided by some |
means
Until the report Of the committee is made
public, Central security holders will not
know just where they stand.