The morning news., 1892-03-30
MR.. GOMEZ MOVES In.
THE NEW ZEAL or THE CENTRAL
TAKES CONTROL


the Election Ordered on May le
Until the Time for the Annual Elec-
ton Next January-Presidant Conner
Not Yet Ready TO Say What Hs
Proposes to Do-The General Feeling
Concerning His INSTRUMENTATION
in the Road Restored General
Offices TO Bs Moved Hero at Once.
Central railroad. affairs were all the talk
on the street and In the whole city yestsr-
day. Little could be heard but congratu-
lation upon the happy termination of the
litigation, which appeared az one time TO
threaten so much evil to the Central
With Savannah man as president, the
control of the road in Savannah Practically
and Savannah again its headquarters, with
the offices to be returned here and the shop
forces increased. there is sufficient
cause for congratulation. Business
men and workingmea aliEs rejoiced.
Even the brokers who have 50 heartily and
unanimously abused Mr.. Rountree and his
bill since the attack was first made upon
the lease congratulated each other upon
the evident prospect of an advance In
stocks aud securities. II there were no
actual advance in the price Of stock there
was considerable enhancement of its value
In the minds OF the holders. Debentures
and other securities were considered worth
50 more on the hundred by the holders
than they were the day before.
TURNED OUT FOR THE BEST.
The general expression was that the court
had solved difficult problem in the very
best manner possible and that Savannsh's
interests have been we'll taken care Of
The Central directors aud attorneys who
were Ia astendanoe upon the court in Ma
con returned yesterday morning by a spe-
| ciai train, arriving here at q 80 o'clock after
quick run. Supt. MoPee and the Atlanta
directors left Macon for Atlanta in the
superintendants private car By special
There was general interest in eyerY-
thing pertaining to the case and particu-
larly the election Of Mr.. Conner to the presI-
dency. The promptness with which the
directors recognized the necessities of the
situation aud acted accordingly was gener-
ally commsnted upon.
THE INSIDE FACTS.
The particulars as to the interesting
nesting OF the directors before the election
OF Mr Conner were much sought after, but
were impaired to few. There were four
| names presented TO the boad to select from.
that OF Mr.. Conner, Capt. Raoul, Col. Gordon
and Col. Phinizy. 1t was understood by the
members that it would be impossDls to
maintain Gen. Alexander in his position as
president, owing to the objection OF the
|
was to secure some man upon whom all
could agree, who would be satisfactory to
the creditors and who could establish conf
dence in the value Of the properties.
Gen. Alexander and all Of the directors
were willing TO resign, IL by doing so they
could aid the situation and advance the
| Interests OF the Central The directors did
not hesitate to make this statement to out.
siders even. They said an intimation that
their designations were desired was all
| that was necessary, and further thai if the
New York creditors would mkae it as a part
OF their plan that they should be represented
on the board they could have as many
places as they desired within reason,
ALL WILLING TO RESIGN.
There was not man, from Gen. Alex
ander down, that was not willing TO sacri-
flee himself for the sake of the road, !" said a
director in speaking OF the matter. The
hitch 10 the proceedings was caused by two
things-the difficulty in settling upon the
man for the plaos, and Gen. Alexanders
objection to retiring under fire. Gen.
Alexander did not wish to stand in the
way OF reorganization, neither did
he like the appearance OF baing forced out
1t was, however, urged upon him that the
| exigences Of the situation demanded that
the proprieties be waived, and viewing it
from this standpoint Gen. Alexander Of
fered his resignation at once and it was
accepted. When the meeting adjourned at
O'Clock for supper. there was the livellest
canvassing ever seen in such q small body.
THE FINAL EFFORT.
Col. Gordon, Capt. Raoul, Col. Phinizy
and Mr.. Conner all had their friends pres
ent. each OF whom desired the election Of
his choice. Gen. Alexander desired that he
be succeeded by Col. Phinizy.
Capt. Raoul's and Mr.. Comer's
friends being ons aud the same
| rritod ,,,oo,, A. inteo. .a..si NJ,
TO this swas added the active lcanvassing In
Mr.. Corners behalf by MIR. Joseph Hull and
Mr.. Garnett, his election was assured. It
was seBH that Mr.. Conner was the only man
upon whom the whole board could be
brought to agree. and this rendered his elec-
5ion necessary, harmony being the object
mostly desired.
MIR. Conner was formally notified Of his
election as director and president yesterday
morning, and after consideration accepted.
An amendment to the judges decree was
| secured by Mr.. Iawton, who remained in
Macon yesterday for the purpose. adding
the names of Mr.. Conner and Mr. Frederick
Cromwell Of New York to the list of tenn
porary receivers. Mr.. Cromwell has not yet
siguihed his acceptance.
THE LOCAL DIRECTORS MEET.
A meeting of tho local directors was held
at the presidents Office at the Central bank
yesterday morning, and the directors pres
ent ere sworn in as tenn aorary receivers.
Gen. Alexander was present, and there
was big discussion OF the affairs
Of the road. 1t was agreed that there
is no necessity for an election May 16 for
directors as ordered by the decree and the
judges will be requested to amend the
decree to that effect This will continue
the present board in power until the follow
ing January, by which time the situation
of the road. it is hoped. will be Of a more
settled character and its prospects assured.
The postponement of the election until
January will allow time for various de.
velopmeuts.
Gen. Alexander will remain a member of
! tie board for the present, and, it goes with
out saying, valuable one, on account OF
his experience with and knowledge of the
; property.
PRESIDENT CONFER IN POSSESSION.
President Conner ar once moved his Office
over to the Central Railroad Bank. He spent
almost the entire day in consultation
vita Gen. Alexander, posting himself upon
the exact condition, financial and material
of the system,
President Conner was seen last night
He has the reputation Of being a hard
man to interview, that Is with any three
line head results, and on this account, and
this only, newspaper men are inclined to re,
gard his election as d mistake.
THE NEW PRESIDENTS POLICY.
AS was expected, Mr.. Conner expressed