The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-09
TO GET THEIR DIVIDENDS.
Augusta and Savannah Stockholders
to Be Congratulated.

| The Receiver Has Decided to Pay the
Amount of the Semi-annual Rental
Due Last June, and $50, 800 Will
Be Turned over to President Lawton
To-day-It May Be Some Time, How
ever, Before the Stockholders Can
Get Their Money-Wil 1t Have ANY
Effect on the Meeting Saturday.
Receiver Conner, of the Central rail
| road, decided yesterday morning TO pay
the dividends on the Augusta and Savan-
nah railroad stock, and to-day check for
the amount, s36,500 will be turned over to
| President w. S. Lawton.
The stockholders of the road are to be
congratulated upon this stroke Of fortune,
for it may be considered as such since the
payment was not expected for some time
to come. 1t will be remembered that jus
tice jackson when in Savann ah last June,
passed an order directing the receiver to
pay the semi-annual rental of the Augusta
and Savannah due last June whenever the
funds with which to pay the amount
should come into his possession. At that
time the Central was making very little
above expenses, and the amount could not
by paid.
AN UNEXPECTED PAYMENT.
While the hearing on the Southwestern
question was in progress a few weeks ago,
Mr. Frank II. Miller, attorney for the
Augusta and Savannah, asked for a rule
requiring the immediate payment of the
Augusta and Savannah rental, but as he
saw that Justice Jackson was not inclined
to grant it, he dismissed the rule
scarcely expecting that the rental would
be paid up so soon after the hearing.
Under the former order, however, the
receiver has at last found an opportunity
OF paying the amount of the rental. The
business of the Central has improved
great deal with the approach of the
winter months and the busy season, and,
while money is not very plentiful with
the road at present. the receiver has
enough in hand with which to pay this
amount, and it will be turned over to
President Lawton to-day.
WILL BE SOME TIME YET.
1t is hardly probable that the stock
holders can get their money for some
time however, as there have been no
dividends to pay since last December,
when the last semi-anuual rental was
paid. President Lawton will hardly
have his stock book made out, and it may
take him some time to do this. In that
SNtuG bue oGOChuOluGFS Will nave n llbUl6
while to wait for their funds, but the
funds are forthcoming Notwithstanding
This fact is interesting, in view of the
meeting OF the Augusta and Savannah
stockholders, which is to be held in this
city next Saturday 1t will, no doubt,
form the substance of an interesting COM
munication to them, as well as a welcome
one
WHAT WILL THE STOCKHOLDERS DO!
The question is, what will the stock
holders do now with regard to taking
their road back from the Central which
they have the option of doing under the
order of Justice jackson? Judging by a
petition filed by Mr.. Miller, day or two
ago, it seems as if the stockholders
were DESTROYS of getting their road into
their own hands again. Now, that the
dividends on the stock, on which Z per
cent is guaranteed by the Central, under
the lease is paid, and now that it is also
probable that future dividends will also
be paid under the receivership, the action
of the stockholders may be changed from
what it would otherwise have been. What
they will do, however, will not be known
until after the meeting.