The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-05
AN AGREEMENT SIGNED.


After discussing various propositions
suggested as the most feasible plan of disc
posing Of the c0ngl0morated stock of
naval stores 40 the wharyes Of the rai.-
roads, the following sugres ion,
which was made yesterday by Mr.
John r. Young, has met with the OPP
prevail Of the majority Of the trade
The agreement viii probably be con-
CURED in by the savannah FLORIDA and
Western railroad to-day, as Mr. W l.
Clay. the attorney who represents the
company, has signihed his iuton-
ton 70 advise the railroad companies TO
agree TO the plan, which, he thinks, is a
satisfactory one. The following is Mr..
Nuuug's suggestion
i'm view of the oblitcratiou by the
storm Of the marks on rOsin that Is stored
on the yards of the Savannah. + -Orida and
Western Railway Company aud The dith-
Guilty on account of this TO deliver 10 each
owner his particular property, IL is agreed
by and between the undersigned owners
of rosin stored on said yards and the Sa-
vannah, Florida and Western Railway
Company, that deliveries shall be made
as follows
ORDERS ISSUED As HERETOFORE
/. Orders shall be issued by owners as
heretofore: that is 10 say, they shall des-
lEuate marks, grades and lots 10 conform
10 their stocks according 10 the railroad
books. The railway company shall de
liver on orders so much as can be identi-
fed, and they shall complete the order
from rO5iu that cannot be identified, Civ
iuL the grades called for in the order.
. That as soon as the actual loss can
be determined by a count Of the sock on
hand compared with the.DOOk account by
grades this shortage shall be prorated
between all of the owners according to
their stock held by each Of them August
q, 1898, and at the price Of that day.
WITHOUT REGARD TO WEIGHTS.
3. Each of the undersigned owners agrees
that the railway company shall deliver
to either Of the others any Of the uniden-
tilted rosin on any order without regard
TO weights, but according 10 the particu-
lar grade he is entitled TO and designated
in the order
4 The expense of resampling and any
other expense incident TO the distribution
as above shall be prOrdted among the
receivers Of unidentified rosin
1t is thought that in addition to agree
ing to the above arrangement Of the mat
ter, the railroad companies may require
an agreement from those who get uni
Identified resins, to protect them against
claims of others TO the extent of what
may be delivered in excess Of the proper
ton due them. They may also require
an agreement to pay salvage on that por-
ton Of the rosin on which salvage is
chargeable
DIFFERS FROM MR.. COMER's PLAN.
The plan which was offered yesterday
by Mr. Young differs from that of Re
ceiver Conner of the Central railroad,
which was accepted by a number of
owners of the stocks, and
rejected by several of them, mas
much as it allows the trade to secure
al once from the railroads that portion of
the stock which can be identified, instead
of waiting until the entire lot is divided
up and delivered propOrtionately among
the owners
There are vessels here now and ready
and waiting 10 be loaded, and it is i'm
pOrtant that the shippers get their prop
erty. so as to avoid further inconven-
fence and expense.
All parties concerned are anxious to
settle the matter and return to regular
business again, The current receipts are
being delivered as ordered, and there is
no trouble in that particular.