Birmingham age-herald., 1894-10-03
AN IMPORTANT MEETING Of the Stockholders of the Ala
 bama Great Southern
TO BE HELD HERE TODAY
Will the Road Come Under the Wing of the Southern?
 the Leading Topic.

Receiver Samuel Felton of the Queen and Crescent and party arrived here this morn- ing on Q ieen and Crescent No. 1 in spe- cial car and will spend the day in the city.
 He is here to be in attendance upon the annual meeting of stockholders of the Ala bana Great Southern. which takes place this morning in the office of the company, corner of Twentieth street and the railroad tracks. All of the stockholders will be present and board of directors for the en- suing year will be elected. There will also come before the meeting considerable bus- mess that will be disposed of.
 There have been rumors afioat that moves would be made today that would be of ma terial value to the Southern in securing the controlling interest of the Cincinnati, New Orleans and Texas Pacific, but there seems to be nothing in this.
 | The Cincinnati Tribune has the follow ing to say in regard to the meeting here to- day and the one in Cincinnati Monday week:
 On Wednesday next, at Birmin gham, Ala, the nnual meeting of the Alabama Great Southern stockholders is to be held. It remains to be seen who the new directo IS of the company will be, but in all proba- bility M. D, Woodward, Eugene Thinner man and Messrs. Sully, Taylor and Shoe- maker will be of the number. Messrs. Brice, Thomas, Greenough, Lauterbach. and at least one or two others of the pres- ent directors, will be dropped.
 The ann ual meeting of the Cincinn ati, New Orleans and Texas Pacific Cincinnati Southern) stockholders will be held here two weeks from next Monday, when changes will also be made in the directory of the Cincinnati, New Orleans and Texas Pacific.
 The final fight for the possession of the Queen and Crescent lines will come later. unless the Southern railway people succeed in buying the Alabama Great Southern of the Cincinpsti, Hamilton and Dayton sym dicate.
 s. M. Felton, as receiver of the Cincin- nati, New Orleans and Texas Pacific cont pany, is sure to retain the position for three years, if he so desires, as the Doughty over issue case will not come up for final adjudication in the courts for about that time, and it is not likely the property will be taken out of the receiver's hands, no matter who may control it, until the Doughty case is finally disposed of in the courts. ;.-- TO HxrcUrn.H BIG MORTGAGE.
 RICHMOND, va., Oct. 2.-A general meeting of the stockholders of the South ern Railway company, held today, gave the officers authority to execute and deliver mortgage by the Southern Railway com pany to,the Central Trust company of New York, as trustee, upon and covering the company's property of the said company, to secure an issue of bonds in the aggre- gate sum of $l2O, ,0O0 1000, payable July 1, 1904, in gold coin of the United States, with interest at the rate of per cent per annum, payable semi-annuallyi in like gold coin, and also to authorize the execution and delivery of a mortgage or deed of trust upon parts of the railroad and properties of the former East Tennessee, Virginia and Georgia Railroad company, to secure bonds for the principal sum of "A, 800, 900, paya- rate not exceeding per cent per annum, principal and interest payable in gold coin. Of the S120, ,0O0, eco issue of first consoli- dated 5's, SIS, ,0SS, ,305 will be reserved to take up the outstanding mortgage and equipment obligations; $21, 1911, ,627 .s7, in- cluding s6, ,oOo, 900 fer new construction, will be used now and $20, ,000, 900 will be reserved for new construction after the 1st of January, 1896, but not more than $2 GOO, coo will be issued during any one year. There were S100, 900 ,000 common and $50, GOO 900 of reserved stocks reported at the meeting.
 ANNUAL REPORT OF THE L. & N. NEW YORK, Oct. 2.-The annual report to be presented at tomorrow's meeting of the Louisville and Nashville Railroad con- pauy will show that the amount of loss written off on account of transactions in South Carolina railroad bonds was $1 ,247,- 900. The loans secured to enable the com pany to meet this outlay do not mature until February.
 There are g. 900, 900 4 per cent Louisville and Nashville unified bonds and other marketable securities in the treasury.
 Reports are current that Charles Parsons has disposed of the control of the South Carolina and Georgia railroad. MT. Par sons refusea either to confirm or deny the report.
 A TRUSTEE APPOINTED.
 ATLANTA, Oct 2.-E. 0. Spalding of Att lanta was today appointed temporary re- ceiver of the Atlanta aud Florida railroad. Mir. Spaldiug ia general manager of the Southern Iron Car company. This ap- poiniment came 8 few days earlier than was expected, for Judge Lumpkin had set the petition for a receiver for a hearing on October 6.
 and it was decided to be the best thing to appoint a receiver.
 The principal mover in the bill was the Atlantic Trust company of New York, trustee, to which the Atlanta and Florida is indebted S30. 900.
 THE H. A. 6 B. TO RESUME.
 It Is said the Highland Avenue dummy line has made the necessary legal arrange. ments. and will begin running again this morning.
 RAILRoA SOLD.
 FLORENCE. Oct. 2.-fSpscial. 1.-The par tialiy completed Florence Northern rail- road was sold at auction today for $25. 900. Nicely, smith & Go. of Chattanooga were the purchasers. The same firm were the contractors who bnlit the road and held a Opt f1n N