The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-07
IS IT HARMONY OR STRIFE?
The Southwestern Meeting and the
Preparations Made for 1t.


Preparations Made for II.
Not Known Which Party Controls the
Majority Vote - Indications as to
How Some Large Lots Will Be
Voted-Continued Union With the
Central Has Some Opponents in Sa-
vannah - REORGANIZATION in Abey-
ance Until the Results Are Known.
Harmonious and Conservative Ac-
ton Hoped for-Parties Who Will
Attend From Savannah.
The annual meeting of the stockholders
of the Southwestern railroad, to be held
in Macon tomorrow, will either be hard
fought battle on well drawn lines, or
friendly conference as to what action will
be best for all interests, in view of the
present situation.
In case it is the former, which many
would deplore, both sides have prepared
themselves, are fortified as far as POSI-
bic for the struggle. In case of the latter,
all are ready to unite and come to some
conclusion agreeable to all as to what
should be done.
however, around the Raoul resolution,
and it is expected that each vote, with
few exceptions, will in the beginning,
stand out for or against it.
The main issue in this resolution is the
RdvisabilitY of remaining with the Cen
trail railroad at least long enough to see
where the Southwestern will stand under
the new allotment of sec lrities under the
coming reorganization plau, or Of with
drawing and making of the Southwestern,
with some of its connecting lines, a new
railroad system.
Indeed it has been suggested by some
that the Southwestern may buy the Cen
trial, and that the system will be reor-
ganiZed, with the purchasing line as a
basis. All this is only talk, however, and
there will be nothing definite until it has
been decided what the Southwestern is
going to do
HOW THEY ARE PREPARED.
1t is hard matter to say just which
side will control a majority of the stock
and for many reasons, which will be
readily apparent.
In the first place, a large number of
stockholders will attend in person. Then
again the $500 shares of r. T. Wilson
will probably be in the hands of his
brother-in-law, Mr.. Marsh Johnson, of
Macon, but with what instructions no one
knows, except, it is believed, that he is in
favor of remaining with the Central
Capt. Raoul will control the 5000 shares
held by Messrs. Kuhn, Loeb & Co, Of
New York, but conditionally only, it is
unders TODD. They favor some of the
propositions in the Raoul resolution, but
they are said not to be in favor of a sew
erance of the roads. President Baxter
controls about 5000 shares and is in en-
tire sympathy with the RaOul movement
Receiver Conner and Mr.. George j.
10 ut~eaH "a
les, went up to Macon last night to at
tend meeting of that committee, which
is to be held there to-day, previous to the
stockholders meeting 1t is said Re
ceiver Conner controls between 1000 and
5000 shares outside of the lbs
shares belonging to the Central
Mr.. G. J. Mills has proxies representing
Capt. Blum, who will go up tonight, con-
troll 1878. All these are, of course, un-
favorable to the Raoul plans.
ONLY A PARTIAL LIST.
This of course is only a partial list of
how the $4,000 shares of Southwestern
stock stand. Mr.. b. A. Denmark, who is
known to be in sympathy with the
RaOul movement, also went up to Macon
last night to be on the scene. 1t is said
he represents some 1900 to $500 shares
for which he holds proxies, and that he
wants to put the road in a position for
severance from the Central system. Mr.
J. S. Tison also favors this movement
He went TO Columbus last night to attend
meeting of the Eagle and Phoenix Mills
stockholders, but may get over to the
meeting tomorrow.
Among others who will go UP are Gen.
A. Il. Lawton who holds large number
of proxies on the anti-Raoul side, Mr..
Malcolm Maclean, MIR. A. M. Martin and
Mr.. ID. r. Thomas. This is only a partial
list, however, of the stockholders from
Savannah who will attend in person. All
the stockholders can go up on their scrip,
and there is quite a number who have
time to go up and vote personally.
There IS a large number of shares which
have never Yet been withdrawn from the
Mercantile Trust Company. Receiver
Conner holds a proxy for these, but Just
how many of them he will be able to vote
is not known.
The belief of one side is that the inter
ests of the Southwestern lie in its con-
tinuance with the Central, and of the
other that they lie in severance from the
system. One side opposes any hasty
action; the other wants to act at once.
The side that wins if il comes to a
question of the strength of one or the
other, will follow up their action by elect
ing board of directors who will carry
out their views
Until the action of this meeting is
known nothing definite can be done with
the reorganization plans now on foot. 1t
is hoped that there will be no fight be-
tween the two interests, but that the
meeting will be a harmonious one. as
otherwise the stock of the road must
necessarily suffer to some extent. In the
meantime, results are anxiously awaited