The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-03
THE CENTRAL'S EARNINGS.
They Have Been Increased by Hard
Work and Economy.

Reoeiver Conner Says Every Employee
from the Heads of the Departments
nown. Has Worked Harder Than
Acknowledging the Dull Times,
.hA Road is Doing Well and the Out
Look is Bright-He Left For Wash
,noton Last Night to Appear Before
Jrstioe jackson To-morrow-What
HeH Has to Say About the Savannah
and Western.
Receiver H. NJ. Conner, of the Central
roilroad. left last night for Washington,
nc He was accompanied by Mr.. A. r.
Tawton, Jr., of the roads counsel, and
thew will be met by Capt. H. @. Cunning
ham there. They will appear before
T,,stice Jackson at his chambers in Wash
tr9ton tomorrow, to be present at the
.jgning of the decree of foreclosure, at
hitch time also several matters of i'm
rortance. an account of which has been
EVEN in the MORNING NEWS, will come
up for hearing.
Receiver Conner was seen yesterday be-
fore he left, and was asked about the re-
splts of the operations of the road since
his last quarterly report. At the meet
inc of the directors he made statement
of the roads earnings andIexpenses, COW
ering especially October and November,
the three months next proceeding having
been already covered in his first quar-
terIv report. The showing was far bet
ter than many of the directors had antic-
mated and they expressed themselves as
we'll satisfied with the results. The in
creased business of the road and the
good results from operations during Oc-
fober. November and December has al
ready been noted in the MORNING NEWS.
WHAT MR.. CONFER SAYS.
oThe directors were well pleased with
the results of the operations for the last
five months, =" said Mr.. Conner last night.
heroad has beendoing better than 1t has
done for long time, and considering the
dull timee, its earnings show up remark
ABLY we'll They are far better than they
were last year, and are steadily improving
s'This has only been accomplished, >"
said MIR. Conner "by hard and persistent
work and. close economy. Everybody
connected with the road, from the heads
of departments down, has worked harder
than ever. before. The success of the
property during the last six months has
been due as much to this as anything else,
and those who have done the work de-
serve credit for it.
"Then, too, expenses have not been so
great on account of the Improvements on
the property made last year. This OF
course increases the net earnings.
s'But I don't want to be understood"
said the receiver, "as saying that the
property is on a boom. 1t is not. Times
are dull, and business is much depressed.
The property is not by any means doing
what it has in some of the former years
oF, Knit
considering the dullness of trade and
business generally, and compared to what
it did last year, l say the property has,
during the last six months, done remark
ably well, and the outlook for the future
is very bright"
DEBT THAT SHOULD BE PAID.
Receiver Conner was asked also about
the application he and Mr.. Hayes have
made to the court for an order requiring
the receivers of the Savannah and West
ern to issue receivers certificates to re-
imburse the Central for money spent on
the former property out of the general
fund.
~ suppose the application will be re
sisted strongly" Mr.. Conner replied, "by
the bondholders, who, of course, will not
care to see prior lien put on the prop
erty."
"Win the receivers of the Savannah and
Western oppose the petitionl" Mr.. Conner
was asked.
well one of them won't" he replied
with smile. 81 am in favor of seeing
every property pay its debts This is a
just debt which the Savannah and West
ern owes the Central, and ought to be
paid. The roads of the system were in a
bad condition and had to be improved.
The Central paid out money for supplies
and repairs on its lines, and also paid out
a large amount to rebuild the tunnel on
the Columbus and Western.
Since these improvements have beer
made, however, the Savannah and West
ern is making money Its earnings are
steadily improving, and now show good
net instead of a deficit"
In reply to a question about the state
ments of Attorney Crawford, sent Out
from New York, Mr.. Conner said there
was nothing to say. Any talk at this
ume, he said, was mere gossip, as those
who were doing ANYTHING in New Yorl