The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-03-05
Made A RECEIVER
GEN ALEXANDER IN CHARGE
OF THE CENTRAL
ABIG LEGAL FIGHT BEGUN
Mrs. R. N. Clarke Of Charles
ton Starts It.
JUDGE SPEER'S ORDER
uhUUNUN Fun HE hhU ely
ERSHIP.
Lawyer ROlltFGG'S Great Case.
GEN. ALEXANDER AND EVERY
BODY SURPRISED.
RaOul May Be Permanent Receiver.
TALK OF THE APPOINT
MENT.
Lawyer ROlltTGG'S Great Case.
GEN. ALEXANDER AND EVERY
BODY SURPRISED.
RaOul May Be Permanent Receiver.
TALK OF THE APPOINT
MENT.

The Central Railroad and Banking Com
pany is in the hands Of a temporary re-
ceiver.
Judge Speer, sitting in the circuit court
at Macon. appointed Gen. E. P. Alexander,
president of the Central, temporary re-
ceiver OF the road day before yesterday
upon bill for injunction, receiver and re-
lief brought by Mrs Rowena NJ Clarke OF
Charleston, s. c., one Of the minority
stockholders.
The grounds upon which the suit was
brought are that the lease is illegal under
the laws of Georgia. that the proper
ties of the Central are not
being properly managed by the
lessees, and that the projected action Of
the Olcott committee in issuing a large
amount of stock will be detrimental to the
interests Of the Central stockholders.
Mrs. Clarke is represented by Daniel W.
Rountres, Esq, of Atlanta. and j. L.
Perry, ESQ.,, Of Charleston. She alleges in
her bill that the suit is not a collusive one,
and is brought solely by herself for the pro-
lection Of her interests and for others simil-
arly situated as herself, who may desire to
join in the issue.
Tho defendants in the suit are ordered to
show cause March ia in Macon why q per-
manent receiver should not be appointed
and an injunction pendente lite granted.
THE FIRST NEWS HERE.
Nothing was known in Savannah about
the appointment until yesterday before
noon, when Attorney Rountree walked into
Gen. Alexander's office and served notice
upon him of his appointment as receiver of
the company.
The bill was filed against the Central
Railroad and Banking Company, the Rich
mond and Danvllle, the Richmond and
West Point Terminal Railway and Ware
house Company and the Central Trust
Company of New York. Mrs. Clarke states
that she is the owner of fifty shares Of the
capital stock of the Central.
After enumerating all the lines OF road
concerned in the lease the petitioner gives
the reason upon which the application for
receiver was made. 1t is that the Central
railroad and Richmond and Danville and
East Tennessee, Virginia and Georgia are
competitors with each other for the same
business
Mrs CLARKE charges that in addition 10
the fact that the Central and Richmond and
Danville systems compete with each other
in supplying the cities constituting the
commercial and distributing points in
Georgia with the products OF the middle
western and northern states, that in the
Interchange of the products of the
various portions of the state Of
Georgia, and in the conduct Of
commerce and the carrying OF passengers,
within Georgia, they are naturally strongly
competitive when not operated in the in
terest of the same owners. The benefits Of
competition between the lines Of road py
the consolidation is lost.
HOW THE GEORGIA COMPANY WAS ORGAN
lied.
The interesting portion OF the application
ts as follows:
Some time about the year 1886 E. P
Alexander. Patrick Calhoun, John C. Cal
houn, 81. B. Hollins, E. Lehman, ALFRED
Suliy, Isaac Rice, E. E. Denniston, Johr
II. Inman, John H. Hall and others to you,
oratrix unknown, among whom, however
your oratrix believes were Samue
Thomas, Calvin s. Brice, Jane
Swan, August Belmont and FELTON,, AM
Others prominently identified with the mat
tiers and things complained against. com
bining and conspiring together l.
secure in the interest of th
said Richmond and West Point Ter
minal Railway and Warehouse Compan,
and the Richmond and Danville Railwa,
Company control of the Central Railroa,
and Banking Company, bought and contiu
ued to buy shares Of stock of the Contra
Railroad and Banking Company until the
had procured a majority Of its stock-abou
10000 shares.
''For the purpose of communicating tn
scheme and perpetuating the control thu
secured in May, 1887. they procured one D
Schenk, who. your oratrix believes, wa
then and is now the attorney Of the Rich
mond and Danville railroad in the state O
North Carolina, together with Samuel w
Wiley and Thomas r. Keogh, to obtai
a charter from the superior cour
of Guilford county, North Carolins
for corporation known as the Georgi
Company. its business being. as set forth /
said charter, to purchase, acquire andhold Q
guarantee or indorse the bonds or stocks G
any railroad company in this or any sd
joining state, to have any railroad in th
or any adjoining state. to engage in th
business Of transportation and operal
railroads. TO aid any railroad, except build
ing any railroads which Is forbidden {
said statute, with its principal place q