The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-06-30

AAs-N'ANA'A Na@AAAaA a NAt-tA aA-HAs
While She resalt of the efnr, on tho
part ot MIR Par Calhoun ana his clients
to remove Mr. Conner from his trust was
what has been goucrallvaud confidently
. expected yet The emphatic and complete
I vindirat11 1v the court of Mr. Conner g
. administration of his trust has boon cv-
I ccedmglv gratifying 10 the people OF this
: community. FOR whose interest ne has ia-
/ bored so hard and whose confidence he
/ enjoys so fully. After weeks of persistent
effort, the taking of testimony in New
York, i'm Baltimore and in Savannah, the
running up of large bill of expenses, the
most searching examination into the books
and papers Of the receiver, TO which the
fullest access was given Mr. Calhoun and
his experts. the use ofnewspaper go umns
for the purpose Of interviews, and after
all the evidence was made up, Mr..
Calhoun was heard for two hours
and a half in his charges
against Mr. Conner, and made 50 little
impression upon the court that Judge
jackson did not even desire to hear from
Mr.. Conner in defense. a more pro
nomced ease of the violent disturbance
of mountain and the appearance of a di-
minutive mouse cannot well be conceived.
A large part of the attack was directed
against the Hollins reorganization plan,
and the Endorsement of that plan by the
receiver. Judge jackson interrupted
Mr.. Calhoun, when he was inveighing
against the conduct of the receiver in re
spect to this plan. by stating, with great
emphasis, that the receiver, in indorsing
it, did exactly what the court would have
done, and exactly what the plan deserved
to have done, and that the holders of jun
ior securities and of the stock would live
to see the day when they would deeply re-
greet that the Hollins plan did not sue
coed. The court was very clear in the
opinion that Mr. Conner was in no wise
responsible for the condition of the Cen
trail railroad, and that no mismanagement
could be laid at his door. He
called attention to the large increase of
the Indebtedness during the five years
preceding the receivership, the great
difficulties that confronted Mr.. Conner,
said how easy it was to look back and
find fault, but how difficult it might have 4
been for anybody to have done any better,
and held that the charges against Mr.,
Conner did not deserve serious notice. In
point of fact, some of the statements upon
which the charges were predicated were
unfounded, and could have been so demon
strated had the court seen fit to hear from
Mr. Comer's side, but the court was so
thoroughly of the opinion that, even if
they were true, there was nothing in
them to reflect upon the receiver, that
this became unnecessary.
While our people will deeply regret the |
failure of the reorganization plan, yet
they realize that Mr.. Conner is in no
wise to blame for this failure; that he has
done, and will continue to do, all that
Thoroughly conscientious, intelligent and
able man can do to extricate the company
from its difficulties in so far as this may
be possible He ought to receive the |
hearty cooperation of all who are inter-
ested in the Central railroad. No citizen
in our midst enjoys more completely than
he the respect and confidence of the peo-
pie. To his public spirit the city owes
much. He accepted this trust unwillingly,
has devoted his entire time and energies
to it to the sacrifice of his personal inter
ests, of his comfort and of his pleasure.
Instead of opposition, he should receive |
hearty encouragement
Had he been in control of the Central a
few years earlier, it is probable that |
thousands Of people would not now be
mourning the loss of their investments
and Gcorgia's greatest railroad system
would still be in the hands of the people
of the state When the list of the men
who have managed that property with
ability is made out, Mr.. Corners name
will be included with those of Gordon,
Cuyler, Wadley and Raoul.