The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-05-19
WHAT DID THEY FIND OUT?
Are Brown & Sons Attorneys Any the
Wiser After the Examination?

Conner Questioned Closely About the
South Bound-The Receivers Testi-
mony Shows Up Well for the Central.
Why the Tripartite Mortgage was
Not Extended Mej. SheIlman's Tes-
timony.
The investigation of the affairs of the
Central railroad by the attorneys for
Alexander Brown & Sons was concluded
yesterday at noon.
1t is difficult for an outsider to see from
perusal of the testimony what advant-
age has been gained by the counsel antag-
onistic to the Central railroad, though
Messrs. Calhoun and King seem eminent
ly satisfied with the results.
1t is hard matter to see how the testi-
mony asked for will be ready for the case,
which is to be called for trial May 25. 1t
has to be prepared and filed here and then
sent on to Atlanta. 1t is very doubtful if
the attorneys get the papers within that
time, and if they get any evidence at all
it will have to be ii a Somewhat abbreyi-
ated form.
The fact is nearly all the statements
asked for by Mr.. Calhoun are contained
in the company's annual reports; but the
witnesses are required to give them I'M
der oath as true statements from the
records, and this requires a verifcation
OF the data contained i'll the reports by
reference to the books
THE PROCEEDINGS RESUMED.
Mr.. Calhoun stated yesterday morning
that he had a tnlaoparY Nv, A,,o
bach asking him to agree to the filing of
the papers on his side of the case on May
"A. He said he wanted it understood that
all the papers were TO be filed on that day.
This was agreed upon so far as it is pos
sible to get the matter in this case
together
Mr.. Mcintyre was again put on the
stand and was asked by Mr.. Cunningham
Tor statement Of all the rails, cars,
engines, bridges, trestles, buildings, real
estate and number of miles of road
operated from 1882 to 1887 1t was agreed
that he should take this statistical in
formation from the annual reports in all
cases where ne knew the figures to be
correct.
In reply to a question from Mr. Cum
bingham, Mr.. Mcintyre said it would re-
quire thirty days for him to get up these
statements and do the work thoroughly
Mr.. Calhoun said if it was found so diff
cult to get up all these statements he
would ask him TO furnish especially those
statements concerning the number of new
rails purchased and the amount of equip
ments charged to operating expenses.
Mr.. L. M. Cunningham was called to
the stand and was asked by Mr.. Calhoun
II he could furnish the statement asked
for Wednesday by May 25. He replied
that 1T was impossible The question was
not specific and required him to 90
through the work of the company for the
last i've years. The other statements he
could furnish in ample time
MIR. Cunningham was asked about the
sale OF the Savannah and Western bonds.
The issue, he said, was up to date.
81, 155, 900, and all of them had been sold
by the Savannah and Western railroad
or these Sb,l27 coo are now out of the
hands of the Central railroad and the
balance are now in the Central railroad S
treasury. Mr.. Calhoun wanted a state
ment of these bonds which were sold for
cash and all that were exchanged for
stock. These questions we're asked in
view OF the fact that he was unable to get
up the entire statement of all cash re
celpts outside of earnings by May %. He
replied on cross-examination that the
Richmond and Oanville railroad had paid
for no rails put down on the Central
during its administration, but that they
were paid for out of the treasury of the
company.
RECEIVER CONFER TELLS THE STORY.
Receiver Conner was next put on the
stand. He was asked for statement of
receipts of money from all sources other
than earnings or income. Mr.. Calhoun
wanted also a statement of earnings,
gross and net, from March 4, 1892 to
A mil IN g
erty were asked for separate
Mr.. Conner said he didn't know whether
he could furnish a statement of the cash
received during his administration or not,
as 1T would involve an immense amount of
work. In lieu of this he was asked for
the amount of cash on hand April /. He
was also asked for a statement of fixed
charges paid, including interest on float
ing debt and rentals, and also a statement
of all defaults.
1t was shown that the Central was in
debted to the Georgia railroad for part of
the rental due.
Mr.. Conner said he had bought 10. 600
tons OF rails and fastenings and had paid
for them. He had bought 700 box cars
and paid 10 per cent. on them also three
engines and 800 box cars, but all the lat
ter had not been received. MIR. Calhoun
wanted a statement of all the money
which had been paid on these accounts
up to date.
1t was stated, in answer to a question,
that there was only one lot of rails
bought. all OF which were on the same
order from the court.
This questioning was objected to by
Messrs. LaWton & Cunningham, as the
records of the court were all on file and
spoke for themselves. The master sus-
tanned the objection.
MIR. Conner said he had purchased no
other property that he remembered
THE RECEIvER's INTEREST IN THE S. B.
"Mr Conner, have you any interest in
the South Bound?" asked Mr.. Calhoun.
Eyes, sir" was the reply.
IA large interest?' put IN Mr.. Calhoun
81 don't know that you could call it
large" said Mr. Conner.
Larger than in the Central, is it not2"
said Mr.. Calhoun.
yes sir" was the reply.
Does that road form a competitive
line with portions of the Centrall" was
the next question.
"Yes, in some respects" replied Mr.
Conner.
IT'S competitive line between here
and Augusta, is it not9" asked Mr.. Cal
houn.
Eyes, in connection with the Port Royal
and Augusta or the South Carolina rail
road
The South Bound has the use of your
terminals, has it not!" asked Mr.. Calhoun.
Yes, under a contract, and they pay
for IL -