The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-01
PROGRESS OF THE PLAN.
Receiver Conner Says the Reorganiza-
tion Is All Right.

ZION 1b AL hlSnJ.
Receiver h NJ Conner of the Central
railroad returned yesterday from New
York, where he has been in attendance
on the meeting of the Southern Railway
and Steamship Association.
The reorganization of the Central's
properties is now the most important con-
sideration with those interested in the
road, and Mr.. Conner was asked what
progress had been made with the new
plan.
There has been practically nothing
done of late" he said, ION account of the
fact that all the attorneys, financiers
and others connected with the work are
out of the city on their summer vacation
and there can be nothing done until they
return.
There are few details to arrange yet
and they will probably get to work on
them about the latter part of Sertem Der,
or the first of October, when the plan will
be announced and the deposits of securities
called for. 1t will take very little time
to get it in shape, as all the
parties have practically agreed upon
it, and it will doubtless be ready to
be declared effective by Jan. l.
CONFIDENT IT WILL BE CARRIED OUT.
"There have been no changes in the
plan as it has been stated, and | feel con
tident that the plan will be carried out.
All the parties at interest are agreed on
its provisions, and ! know of no reason
why it should not be carried out without
! a hitch"
What about the diferentiall" Mr..
Conner was asked
THE association had nothing to do with
that matter. he replied. 1T is at pres
ent in the hands of the board of arbitra-
ton. The arguments have been sub
mitted TO them, and they will no doubt
render their decision at the proper time
What they will do about it | can't say"
DETERMINED STAND.
"What will the railroads do with re-
gard to the cotton compressesl" MIR. Co
mer was asked.
IAN have TO say about that matter
now" replied Mr.. Conner, lis that the
railroads found they were paying more
| for COMPRISING service than they could
afford, and more than the work was
worth, and they determined to reduce it.
/ The roads are determined in the stand
! they have taken in this matter, and [
| don't think there will be any back-down
The situation is a very complicated
/ ONE MIR. Conner said. IF the cotton
| could always be compressed at the start
| ing point the roads might save consider
/ able by having 1t done, as they can haul
/ II cheaper in that shape than when il is
! uncompressed But the claim is made
/ that where they have to haul IL a long
! distance and where they have TO unload
! their cars in transit 10 have the com
! pressing done ana then reload them. even
though they can transport il cheaper
/ when compressed, they do not make any
! thing by having il done.
Again it is urged that by having the
! cotton compressed in the interior there
/ is saving TO the shipper and i'm the end
| to the producer, in the fact that the
ocean freight rate is made lower by the
/ amount which il would cost to compress
/ the cotton at the port from which the
/ shipment is made.n
! With regard TO the meeting of the asso-
! citation Mr.. Conner said everything had
/ been arranged TO 90 on for the next year,
| and that unless the several lines which
| had refused to sign the agreement did so
| within the time allotted they would be
| out
The people quickly recognize merit, and
this is the reason the sales Of Hood S
Sarsaparilla are continually increasing
! Hoods is,"on top."-ad.