The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-02-11
A COMPROMISE ATMACON
NEW TERMS TO BE ASKED OF THE
CENTRAL

a Committee Appointed to Go to New
York to Ascertain the Best Offer
That the Reorganization Committee
Win Make-The Matter Decided by
a Vote by Shares.
MACON, GA, Feb. 10.-The stockholders
Of the Southwestern railroad adjourned
this evening without taking any action on
the reorganization plan.
After some discussion this morning the
chairman appointed as a committee from
both factions to harmonic matters,
If possible, H. NJ. Conner, chair
man; Frank H. Miller, u. B. Harold,
F. NJ. Gresham, John A. Davis, William G.
Solomon, @. Randolph Anderson, r. t.
Mckay. and, upon motion, Washington
Dessau was added.
The conference committees report was
read by Mr.. Anderson. IL was as follows
WHEREAS, The present financial condition Of
the Central Railroad and Banking Company of
Georgia and its allied properties including this,
the Southwestern Railroad Company, demon
strate the absolute necessity of reorganization
Of said Central railroad and the allied proper
ties and.
WHEREAS, We recognize the commercial i'm
portance and benefit TO all the properties Of the
Central railroad system; that its integrity shall
be preserved, and that all the various properties
composing it shall be kept together and main
tanned as one entire system; and
WHEREAS, 1t is the desire Of the committee to
obtain the best terms that can be or will be ex-
tended under the proposed plan OF reorganiza-
tion to the stockholders Of this company who
are involved in the plan to surrender their
stock hereunder; therefore be it
ResoIued, /. That a committee Of
three stockholders, composed Of W.
G. Raoul as chairman, Thomas B. Gresham
and F. H. Miller be- and they are hereby ap-
pointed, who shall proceed to New York and
ascertain the best possible terms that can be
obtained for the stock of this company under
the proposed plan of reorganization.
2 That the committee shall report back
within two weeks, or as soon thereafter as pos
sble to an adjourned meeting of this conven-
tion the result OF their efforts and shall recon-
mend such course OF action for adoption by
the stockholders as they, the committee, may
see fit.
g. That Immediately upon the receipt Of
notice that the committee is ready TO report the
chairman of this convention shall convene this
meeting Of stockholders for the consideration
of such report and such other business as may
come up before the meeting.
4. That when this meeting sdjourns it be
subject to the call OF the chairman, and that
notice of the reconvening Of the meeting shall
be given by publication in the Macon Telegraph,
SAVANNAH MORNING NEWS. Atlanta Constitution
and Augusta Chronicle.
Fl. II. CoMER,
FRANK H. MILLER.
URIAH B. HAROLD,
THos. B. GRESHAM,
JOHN A. DAVIS,
w. g. SOLOMON,
G. RANDOLPH ANDERSON,
B. F. MCKAY
WASHINGTON DEssAU.
The vote was taken by shares and the re-
port was adopted.
The meeting then turned to the election
and the following ticket was submitted and
elected by vote OF the shares, the secre-
tary casting 40 ,O12 votees for J. 8. Baxter
president; W. G. Raoul. H. M. Conner. L..
A. Jordan, W. r. Cox, A. r. Lawton,
John A. Davis and George J. Mills, di.
rectors.