The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-06-30
CALHOUN LACKED FACTS.
Charges Of NiSmaRagemtnt Not Sub
Staltiated.
JUSTICE JACKSON On THE HOLLIES
PLAN.


Mr.. Calhoun's Argument Ham
mond and Mr.. Adams Lose the OPP
portunity of a Lifetime The Cues
tion of the Leased Lines Settled
VIII Mr.. Crawford urge his Motion
The big fight over the Central Rail
road, termed by one of the attorneys "a
battle over dollars, which has now been
waged for four days, is drawing rapidly
to a conclusion, and to-day or tomorrow
at most, will almost certainly witness its
end
Mr. Conner, the court has decided, will
remain in possession of the property I'M
til after the sale, which will in all proba-
bility be sixty days after December 1,
1898, as the court has decided from the
bench.
After the question with regard to the
leased lines had been disposed Of Mr. CAL
houn opened his argument for the re-
moval of the receiver, and the full sig
nifcance of the Justices decision which
was Mr. Comer's victory, can be under
stood from the fact that only the opposi-
tion to him was presented, and that was
not strong enough in the mind Of Justice
jackson to warrant his calling for a refu-
tation of any Of the facts that Mr. Cal
houn presented. He therefore refused
to hear from the counsel for the re-
ceiver. His decision on this point was
intimated before Mr. Calhoun had gone
well into his argument, by the questions
which he put to the counsel for Brown &
Sons
APPLAUSE IN THE COURT ROOM
Justice Jackson's remarks with regard
to the fairness of the Hollins reorgani-
zation plan as well as his decision sus-
tanning Mr.. Conner, produced such an i'm
preston on the attorneys and the spec
tators that on the occasion of each
ripple of applause started through the
court ROOM and it was only suppressed
by Marshal Leyerett's call for "Order in
court!''
At the conclusion of the days pro
ceedings many of those present crowded
around Mr.. Conner and rendered him
their hearty congratulations The justice
of the decision was commented upon on
all sides, and the only regret on the part
of the attorneys for the receiver was that,
after having prepared their arguments,
hitting back
Some surprise was occasioned by the
fact that Attorney Crawford did not
bring up his motion on this line and plead
with Mr. Calhoun for Mr.. Corners re-
moval. Mr.. Crawfords motion made for
the Terminal company is entirely differ
emit, however, from that made by Mr.
Calhoun, The Terminals motion asks
for the annulment of the order of the
court appointing the receiver, as well as
the order creating the $780, 900 loan.
There is a possibility that Mr.. Crawford
may call the attention of the court to his
motions this morning, though there is no
certainty as to what the method of pro-
cedure with regard to them will be.
APPEALING FOR THE DEBENTUREs.
Mr.. r. w. Patterson presented an in
PREVENTION to the court at the opening of
the proceedings, asking that it come IN
before the decree was made up The in
PREVENTION was in behalf of A. j. RouR-
tree and Daniel Rountree holders of some
debentures. Information had reacded
the intervenor it was stated, that the
reorganization plan had fallen through
He asks that those debentures have
priority over the guarantee debt of the
Central
He claimed that he had priority over
the Macon and Northern and Chattanooga
Rome and Columbus bonds under the
constitution and laws of Georgia, as the
lease of Macon and Northern was made
for the purpose of defeating competition.
Since the assets may not be sufficient
to cover all the Indebtedness" said MIR.
Patterson, she asks that he may
have priority over a debt which
was made under a contract which
was in violation of the provisions of the
constitution. If 1t was in violation of the
constitution he claims that he has
priority.n
let your petitions be filed, !" said JUS
tice Jackson. ',and let the order of distri-
button of Indebtedness after the liens be
reserved. 1t may be that there won't be
any surplus for any of you so you may file
your intervention and the question of
priority of the debentures and the NJ a.
N. bonds viii come up later"
MIR. Alex King thought the question
ought to be settled now, as it might affect
parties bidding at the sale. The inter-
ventiOn attached all the guarantees. The
Justice said the question would be taken
up la ter.
soUTHwEsTERN's MOTION DENIED.
''Mr. Conner, have you the accounts the
court asked for yesterday" asked Justice
jackson.
A statement of the accounts of the leas-
ed lines was presented to Justice jackson.
He glanced over the account, taking in
the figures with regard to the Southwest
ern Railroad in an instant, and a minute
after the paper had been handed him
looked up and said:
''The motion made on behalf of the
Southwestern Company is denied
Maj. Bacon urged the question again.
saying the question had never been
heard. He thought he should be allowed
to present it.
Your honor he said, decided on the
case yesterday before hearing us. The
court has in its possession funds which
have been realized by the Southwestern. 81
THAT is a mistake major" SAID the
court There is not in the hands of the
court or the receiver any funds from the
earnings of the Southwestern Your
road has received more than it has made
You may take a reference to 4 special
master, if YOU desire, but at your own
risk as to costs. If it turns out as repre-.
scented by the receiver. the court will Ger
Jalnly deny your notion"
WORKING FOR TIE RENTAL.
Major Bacon then asked to be allowed
to state his case. He said the receiver. by
paying the first rental assumed the con
tract and elected TO hold to the contract
under the lease.