The sun., 1893-01-20
and the. Hollins.approred directors. without

and the Hpllins- approved directors, without
Mas Mfesssa i n %
trusted %sss1s fhnzgs sets%H GarSei ySS @%d
period; That slthoneS they had s assisted % 'iS IN
achieving uninterrHnted nted prosperity for tho
owned the stock. the Inherent comm ercni
denIayity OF the Terminal Company was so
cson.ag,o;ns s that they were mysteIiously trans
lormcu into reckless and wrecking officials
when II obtained the sharssp
lt is nm amazing snectacle for fair mil ed
Denniston. and their associates sell to the
Terminal Company the controlling interest in
OFFICIALS are continued in uninterrup pted power.
., md now they are by your side clamoring ior
cause tnls precise management Inherited from
them has been 80 ,wreckless and hurtful as to
b:c2mc ,pna a national reproach. .,.,
lapse OF the Georgia Central. Its officials re.
and they viii resist Isl witR ali nssssie
scheme eS Which Senea sad WSrps
spracica distineton % Of aoe%ss our comrnnys @ S in.
the h S e.tmae
mentaitios TO force. your scheme with money
Royal and Augusta. and Other, non.essential
securities. and reconstruction OF parts OF the
paeSnses s Wese sn and s Ssn %
ceiver has managed to empty his treasury
SO as to create an unnecessary and sham de-
coerco ali Junior interest by foreclosure. When
the directors. late IN Septembee created your
company 10 entirely solvent and competent to
pay, all it's debts is not collusion too PAL
ton tons on default on f,pst lien o Of only ssooo.
ah mile in q b the asst on ~
n ra nHi ninl -
stated ut s474.ps;, per annum. its yearly In.
terest is only 10000. and yet a convenient
defaulted in additional furtherance Of your
plan. u
@ 1n and 10
lactured defaults and M the CONSEQUENT shrink
odsl Is this not intentiGaally creating false
fer fertile the sake OF personal EroitY Can house
thS 81 the 6, commandinE n position yours occupies
cali your atenton aa to another matter
you exclude our interests from any participa-
ment and nd yet treat the y Hon. Emory speer rs
a breyet member Of your committee: nctive III, in
Gsss
steGHfss Hos f' IN his
city. and that during such period divers NOM
6eTs the GssS csn
sembed in his rooms and freely and habit
ually consulted with and received advice from
him ns to- the detail and execution OF your re-
With i! R.4'; own district he is judicial
respected and obeyed: Without notice and at
night ne seized ,II, tho Central road when II was
lateral should be deposited within his juris-
diction. and then handed 1t over to his re.
MIN rlf1tr rvNHth -
certificate as his estimate OF an equivalent.
Without motion or bond. he vacated q pre-;
Of ssoeE II hes Ss
RHt his district is not situated on Manhattan
acompetent or impartial member or adviser
plates judicial action in Judge speers own
not obs,rac f warn sn
success by reason OF what transpired in those
paye ss Is sdrsse ns
1t not his potent counsel which subdued the
refractory conner and called back the departing
speedy foreclosures all planned. discu ssed. and
arranged at those st. J James judlcal cha m bers3
note note indicate % that You @ consider % your adjust n
ment scheme has been judicially underwritten
The combination h1 Of OF Judge and and adviser may nay
Possibility that MS ranking "a Derlors. advised
ri his self-imnosed disability. may conclude
that he is not quite tho person to Gro I'd
tion pla N to which he had given partisan aid
and omfort."
In reply to this answer OF Mr. Ohkman Mr..
Schifr wrote that his first letter WAS written on
his own responsibility. and that no did not
know that q formal written request to be al
lowed to participate in the deliberations Of the
Reorganization Committee had been sent to
its Chairman by MIR. Oakman, and adds that
he would not have permitted discourtesy to
the Terminal interests through any action or
inaction OF his. He asserts that the charges
against Judge Speer arc without warrant.
noon by the announcement that the coupons
on tho bonds OF the Ocean Steamship Com pany
would be paid on presentation to the New
York Security. and Trust Com pany. These
coupons were due Jan. ]. and the TACT that de-
fault was allowed notwithstanding the known
handsome earnings Of the steamship COM
pany. gave rise to much criticism. The COM
pany IS controlled Ivy tho Central Railway and
Banking Company OF Georgia.