New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-20
OAKMAN VERSUS SCHlFF.
WAS ARBITRATION PROPOSED

on RICHMOND TERMINAL Ar
nam. THAT NOES NOT SETTLE LITIGATION.
The public announcement yesterday OF 'lle p'a" y"
..o.anivo,ion NJ the Central Railroad and BahAi's
Company of Georgia. has brought out inc ~ Co
cpfc which was had recently between "ai'c' w. -
man receiver o, the Richmond Terminal oo".P.'
and Jacob II. SchiG, OF Kuhn. Loeb 'o' WIZ
advisory member Of the Georgia ,eh'r'i Nv o.,
lion Committee. on January IL Mr.. sem" WIZ ~
Mr. Oakman asking him to aid IN 'he p'a', Vi &
capzaton with "A view to Saving from inc "ic0h
,,hotevar f. po.siblc instead OF embarkins uPo"
course OF obstruction, which il successful cou'a ~
suit in nothing but the further deprcc'a''oh u Wv
interests OF the bondh0lders ana creu'o'' VI ~.
trail Railroad OF Georgia. Mr. SchiH ASKS ,',
II rot be- possible, in order to avoiu Pro.'"'' ~
CATION and to expedite the settlement vi 'ie'' a
between the Richmond Terminal anu wv ..d
CentraD to refer the same Joint examination anu
arbitration so that the company to which an u"a'u
.balI finally he made may he enabled ana p,ihi'teu
TO enter such award into the reorganization o''"u
Of the Georgia Central or the Richmond ana D'N'i'e
COMPANY. as the case may be, upon whatever oas's
may appear just and equitable"
Mr. Oakmop in his reply to Mr.. Schlf. dated jan
nary Is gives vent to his feelings based upon ue
idea that the Georgia Central Company has Oeen 'ne
recIpen of stock that properly belongs to the hicn
mond terminal. Mr. Oalnan interprets MI Schh
letter as "a friendly offer TO arbitra'e.' MI oaH,a
SAYS: CAS- practical proposition, Two serious YIN
entities appear to block the way leu eAhip' Nv
pover TO make It. Certainly have none 10 accept
Until Won furnish proper credentials must DC pre-
pared TO doubt whether your committee holds any
authority whatever from the Federal Court IN "eorsi'
to orl,latc claims which are pending therem Mr.
Cakman then proceeds TO write scanning ari's"
ment Of the Georgia Central Reorganization Comm'.
ice and TO defend the Richmond Terminal IN us P'"'
ing litigation against the Georgia Central Ills ie'er
heap; charges upon the Georgia Central people Vi
various kinds of impropriecs. including the ihslha
tion tia; Judge Spccr, OF Georgia, had been ueaeu
a. a brcve member OF the your committee acuVe
In attendance assistance and counsel
Mr. schiH replies to Mr.. Oakman's communcauo"
of The 18th by asserting Mr. schihS lndv'iuai re-
spon sibility for the suggestion OF compromise ma"e
in his letter Of January H. and repndlang the re
sponsbllity for the misdongs charged DIV MI oan-
man against the Georgia Central company ~,
The CORES pondence between Mr.. Oahilan anu WI.
,chlf as vet seems 10 be n French duel Where lme
ni.toIs are Oadel harmlcssly There Is a warm coi
,e.t ON hand between tho Richmond Terminal ann e
Georgia Central interests, and the former WI" III
dnavor TO cbStruct the reorganization pans OF lnr
Inter by every means available. There Is sIons
banking interest back OF the Georgia Cenirhl hcicst
and inc Indications are that the opposition Oh ne
RiChmod Terminal will tend to sohdi'y The 6eo.sa
Central security holders.