The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-07
TO MAKE THE FIGHT TO-DAY.
The Railroad Men TO Appear Against
The DOOlan Bill.

I The Debenture Holders Committee De-
eided to Attend the Hearing in Body.
Savannah Deeply Interested in the
| Action to Be Taken on the Measure.
President Spencer, of the Southern,
and others Who VIII Be in Attend
ance-Capt. Purse Has Gone Up to
Urge the Measure How Securities
Have Deprecated.
II looks as II there were going TO be a
strong fight both ways on the Doolan rail-
road bill, which seems to be aimed at the
proposed reorganization plan Of the Cen
tral railroad, and when it comes I'D for
hearing before the committee to-day,
its supporters as well as its opponents
will be on hand
Capt d. G. Purse, who assumes the
responsibility for the bill, left last night
for Atlanta, and will appear before the
committee this afternoon in its behalf.
Capt. Purse was seen yesterday by a rep
resentative of the Morning News and
was asked IL he was ready to give any
further information as to its origin and
as to who drew it.
Il still stand responsible for the meas
ure." Capt. Purse replied, and that was all
he had to say. When asked whether he
would make a speech before the commit
tee in its behalf he said he did not know.
as that would depend a good deal on cir
cumstances and what course the mat
ter took. He refused to make any state
ment as to the objects of the measure
further than what he has already said.
The debenture holders committee, con-
sisting of Capt John Flannery, chairman;
Judge William d. Harden and Messrs r.
NJ. Demere and Malcolm Macean, held
a meeting yesterday to discuss the matter
and they were unanimously agreed that
the entire committe, with the exception, of
course of Mr.. Talmage, who is in New
York, should go to Atlanta to oppose
the measure. They all left for the Gate
city last night. They are all deeply in
terested in the CentraPs securities and
they represent nearly million and half
race value of the certificates of indebt-
edness which they will do everything
possible to protect.
President Samuel Spencer Of the South
ern Railway Company, with a number
of other officials of that company, is in
Atlanta, and to fight this measure is part
OF their mission there. Receiver Conner
is there for the same purpose and with
him are Capt II. c. Cunningham, the
receivers attorney, and Mr.. B. A. Dem
mark, who also represents large interests.
Mr.. f. G. duBignon also went to Atlanta,
probably to be present at the fight, which
VIII be one of the most interesting of a
railroad and anti-railroad nature that
has been seen in Georgia in several years.
No idea has been given from any source
as yet as to the origin of the measure, but
the impression still prevails that it came
from an antagonistic element in New
York, and another theory is that il came
from somewhere near Augusta, for as is
well known there are certain antagonists
of the present administration of the prop
erty in that section.
Since it was introduced in the legislature
Southwestern stock has fallen from rs
to 6S. Few sales, however, have been
made at the latter figure, the parties pre-
ferring to hold it and see If the bill is not
side-tracked, in which case the stock
would perhaps be on an upward trend.
Debentures have dropped from 25Ia to 20,
and the common stock has fallen from II
back to the lowest figure that it reached,
which was $l2 per share. When II is con-
sidered that about $1,000, 900 Southwestern
stock about 81, 100000 certificates of in
debtedness and about the the same
amount of common stock is held in Sa-
vannah. it can be seen what the loss has
been to the holders of these securities
here, and that the figures given by the
security holder in yesterdays Morning
News cannot be far wrong. The action
of the railroad committee will be awaited
with much interest.