The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-05-10
AUGUSTA AND KNOXVILLE.
A Big Split in the Convention at
Augusta Yesterday.


Augusta, Ga, May 9.-There was big
split in the heconvention Of the stockholders
of the Port Royal and Western Carolina
railroad to-day, and now there are two
sots of officers for the company. When
the annual convention of the stock
holders was called together G. G. Feather
stone of Laurens was made temporary
chairman, and a committee on credentials
was appointed to report the number of
shares represented. The committee re-
ported 3,OS5 shares, not recognizing the
block owned by the Central and repre-
Sented by Receiver Conner, who was
present at the meeting. Mr. Conner pro-
tested, but when motion was made
to adopt the report of the
committee, the chair ruled that Mr..
Conner was not entitled to vote on the
question and the report was adopted,
thus leaving the Central out of the meet
ing.
Then the split took place.
Mr.. Conner got up and went
into the adjoining room and invited the
stockholders in to his meeting. Some
went and others remained, and two meet
ings for the railroad were held at one and
the same time. II was Il regular bedlam.
Everybody was talking and laughing over
the situation.
AN ACCOUNTING DEMANDED.
The faction that remained apart from
Mr. Conner organized by retaining Mr..
Featherstonc as chairman. Albert Deal
of Laurens introduced the following,
which was adopted:
WHEREAS, The Central Trust Company of
New York has applied TO the district court OF
South Carolina TO foreclose its mortgage Of
S2,50O0OO on the Port Royal and Western Caro-
lima Railroad Company. now in order to pro
tho 1y,gp ~ -f,
have subscribed largely to the building of
said railroad therefore be 1t
Resolved, That the stockholders OF said
railroad company hereby instruct the direc-
tors of the Port Royal and Western Carolina
Railroad Company to demand an accounting
from the Central Railroad and Banking Com
pany of Georgia with the Port Royal
and Western Carolina Railway Company for
the II 500 600 OF bonds turned over to II, and
II said bonds have been sold or hypothecuted,
the same shall be accounted for, as well as
all moneys actually expended on said rail
way.
Resolved further, That strict accounting
of all expenditures and receipts shall be had
since the Central railroad entered into pos
session of this railway and II possible this
railway, that has cost the people Of South
Carolina such vast Outlays of money, shall be
preserved TO them, and that the president and
directors be instructed TO take vigorous action
to carry out the foregoing.
DIRECTORS ELECTED.
The anti-Comer convention elected the fol-
lowing directors: George Prince of Ander
son, A. H. Martin, c. c. Featherstone, Albert
Dial and r. G. Watts Of Laurens, Frank Ham
mond and Avery Patton OF GreenVille, John
Boane of BOmur, j. B Deem Of Spartanburg
Charles Estes, Fred Pope, Hy u. King
and d. b. Dyer of Augusta.
The meeting asked President Conner
and Secretary Workman for their re-
ports, but these two officers would not
recognize the ants.
THE Conner MEETING.
Eugene Verdery presided over the
! Conner meeting.
| President Conner presented q full re
| port of the earnings and expenses in
tabulated form, showing falling off
| in gross earnings of $l12, 79S 81 from
last year and loss of S650l3 04 in the
operations for the last year. The report
says the road is much in need of rails and
ties, new trestles and bridges. The fixed
charges of the property amount to Sl56,
600. The old officers were reelected, as
follows:
Presidential M Conner
Directors-Iohn Ferguson, j. A. Barks-
dale, j. II. Alexander, e. p. Schneider,
w. w. Humphreys, T. j. Moore, w. l..
Cray, w. L. Mauldin, f. F.. Verdery, j. j.
Pluss, II. NJ. Conner, Sylvester Bleekley,
j. f. Riley, and A. b. Woodruff
The Conner meeting does not consider
the other meeting regular, as it
did not have quorum of the
stock Of the company, but the Feather
stone meeting holds that If the 44,000
shares in the Central held BY the Terminal
were not entitled TO the voting privileges
no more are the shares in the Port Royal
held by the Central. If it was
good law for the Central TO
hold it is good against the Central and
they propose to feed her out of the same
spoon she has been dishing it out to the
majority holders Of the Central stock.
The situation is an interesting one.