The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-14
THEY WILL OPPOSE IT.
Interests Against the Payment Of the
Southwestern Rental.

The Amount in the CentraPs Treasury
BELONGING to That Road Requested
by It's Attorneys-A Special Hear
ing Before the Master to Prove the
Accounts of the Receiver of the Gem
tral-What Will the Augusta and
Savannah Railroad Directors do
About Their Rentale
Messrs. Frank H. Miller, of Augusta,
and A. 0. Bacon, of Macon, were in the
city yesterday, representing the South
western railroad, for which they are coun-
sci
A request in writing to the receiver Of
the Central railroad, TO turn over to the
Southwestern all moneys in his posses
sion belonging 10 that road, was handed
the CentraTs attorneys. Mr.. Conner be-
ing present at the time, stated that he
would willingly turn over TO the road all
money in the treasury coming to 1t, but
said he could not do so without an order
of court 70 that effect. He said, however,
that he would apply for such an order,
and turn over the money as soon as he re-
ceives instructions to do so.
The earnings of the Southwestern dur
ing the six months ending Dec. 81, 1893,
were something over S242, 900, of which
amount the receiver has been authorized
to use portion, probably about $40, 900, in
the purchase of steel rails for several
lines of the Southwestern property which
are in need of repairs. The remainder,
about 100000, is to be turned over to the
road on an order from the court.
WON'T GET IT WITHOUT FIGHT.
1t is hardly probable that the South
western railroad will get this money
without a fight. 1t is probable that IL will
be resisted by Henry Crawford, Esq,
who signs himself as the representative
of the Richmond Terminal and certain
bondholders, and also by the at
torneys for the Central Trust Company,
Of New York, which is trustee under the
second mortgage on the Central system.
Mr.. Crawford represents some of these
bondholders under the second mortgage
lien, and they may resist the paying of
this money TO the Southwestern on the
ground that it should be retained until
the outcome of the litigation and TO meet
the expenses Of the receivership.
In making the request that the money
be paid over to the Southwestern, the
attorneys for that road stated that the
supersedeas bond in the matter of the
appeal from the decision of Justice JacK-
son had been given. 1t has been reduced
to $3.50, 900 and Il. 7. Wilson is surety for
the road.
THE RECBIvBR's ACCOUNT.
Another matter which called the attor-
neys to Savannah was the proving of the
receivers accounts, which were ordered
fled by the court This has to be done in
regular form in all cases of receiverships
where accounts are ordered filed. 1t is
done before the master in chancery in the
litigation.
The hearing for this purpose was
held at the offices of the Central r. r. on
West Broad street yesterday about noon.
The accounts under discussion were
those ordered by the court last Novem Der
covering the entire period of Mr.. Corners
receivership, in all twenty-one months
There were present at the hearing Messrs
Lawton & Cunningham, representing the
Central, Messrs. Bacon and Miller, rep
resenting the Southwestern, Messrs
George A Mercer * Son, representing the
Farmers Loan and Trust Company, and
Mr.. G. n. West, for Calhoun, King &
Spalding, who represent various inter-
ests.
MIR. West wanted an adjournment of
the hearing but it was decided to have 1t
go on, The only thing done was the ex-
animation Of Receiver Corners witnesses,
Messrs. w. D. Basley general agent, Mr..
=
controller After the examination of
these witnesses the hearing was ad-
iouned until March 5.
THE AUGUSTA AND SAVANNAH.
1t was expected that by this time the
directors Of the Augusta and Savannah
railroad would have received some reply
from the Central with regard to the re
quest sent Receiver Conner with regard
TO the accounts of that road, and it is
said that some reply has been had, though
no meeting of the directors has as YET
been called to consider it.
Just what the nature of the informa
tion is, is not known, but it is hardly
probable that the matter will be figured
out so that the Augusta and Savann al
road will get any more earnings thar
were turned over to them about tive
weeks ago. 1t has not been determined
yet what sort of action the directors are
liable to take, and it remains to be seer
whether or not they will declare divi
dend on the amount paid.