The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-01
THE PLAN In STATU QUO.
Receiver Conner Says Little Progress
Has Been Made.


New York Is Too Hot for the Finan-
ciers and Lawyers, and They Have
Left for the Mountains-Wor k of the
Southern Railway and Steamship
Association-The Differentials May
Be Put Baok-The Central Will Pos
itively Be Operated as an Indepen-
dent Line.
Receiver II. NJ. Conner of the Central
railroad ret1r"ed yesterday on the City
Of Birmingham from New York, where
he has been in attendance on the recent
meeting of the Southern Railway and
Steamship Association and incidentally
in conference with those in charge Of the
Centraps new plan Of reorganization.
With regard to the plan Mr. Conner
said no material progress has been made
since his last visit to New York It is
practically holiday in New York now,
he said, and many of the directors, at
torneys and others connected with those
companies which are interested in the
plan are away from the city. They have
left the torpid heat of the metropolis and
have gone to the mountains or seashore
where they can enjoy the warm months
in a cooler atmosphere.
SLIGHT PROGRESS MADE.
Some slight progress has been made
within the last month, he said, in the ar
rangement of the details, but nothing of
importance is being done, or can be done,
al the present time. 1t may be a month
or two yet, Mr.. Conner said, before the
plan is announced to the public, but he
did not think that would materially
change the time at which it will be put
into effect. If it cannot be done in Octo-
Der. he said, it will be done some time
before January, which will answer all
purposes.
THE RATE QUESTION.
MIR. Comer's principal business in New
York was to attend a meeting of the
Southern Railway and Steamship Asso-
citation, which was held at Manhattan
Beach. AT that meeting he said an agree
ment was prepared which was salts
factory to most of the lines in the asso-
citation. IL was practically the same
thing, he said, as the old agreement. The
association will hold another meeting in
New York August "a, for the purpose of
fully perfecting the agreement, at which
time 1t is probable a few minor changes
will be made
Mr.. Conner said he supposed the freight
differentials would be put back TO II cents
per 100, as they were reduced to 6 cents
only TO allow the lines to the northern
ports TO get their share of the business.
This would be no guarantee, however,
that they will be retained at that figure,
as they may fuctuate from time TO time.
CONTROL OF THE CENTRAL.
With regard to the reports that are
constantly being published TO the effect
that the Central railroad system is to be
controlled by and operated as q part of
the Southern railway, MIR. Conner said
The Central railroad will be preserved
and operated as a separate line As
matter of course the Southern railway,
controlling the majority stock, can elect
the roads officers, but it will be oper-
ated as a separate and independent
line, and the harmony will exist
in the maintenance of rates. The bust
ness that legitimately belongs to each of
the lines will be permitted to go TO those
lines without the illegitimate competi-
tion, cutting of rates and giving of re-
bates that has heretofore existed. This
has been well understood, and it will be
carried out"
THE ROAD HAS DONE WELL.
Mr.. Conner said all parties seemed to
be well satisfied with the showing made
by the road during the last year. ending
June 3d. Considering the conditions and
circumstances which have surrounded
the business interests in every section.
the general opinion, he said, was that the
road has done exceptionally well. Mr..
Conner will go to New York. again about
Aug 90
The reduction in rates made by the
Southern Railway and Steamship Asso-
citation about June /, due to the action of
certain eastern lines, will be declared off
to-day, and rates viii go back to the nor
mai basis A good many of the lines have
lost money through the reduction, but !
many of them have likewise been taught
lesson that they may not soon forget.
and that is, it will not pay in the long
run to use illegitimaJe methods of secur-
ing business that properly belongs to
other lines.