The morning news., 1894-03-01
TO BEGIN WORK AT ONCE.
Justice Jackson ASSGltS 10 the PTOpO-
SitiOn Made Last Week.

The Tybee Railroad Will Be Put Back
Before May Nothing to Do Now
But Sign the Contract-It Will Be
Paid for by the Issue of $40, 900 of
Receivers Certificates at 2 Per Cent.
Justice Jackson Signs the Order
Promptly on Receiving It.
There is no further doubt about the i'm
mediate rebuilding of the Tybee railroad.
The receipt of Justice Jackson's order
asserting 10 the contract recently ap-
proved by all other interests was the only
link needed to make the chain complete,
and that was added yesterday afternoon.
Immediately after the meeting of the
bondholders Saturday, the petition and
order were prepared and mailed TO Jus
tice jackson at st. Petersburg, Fla,
which place he has selected to spend his
winter vacation.
The petition was from Receivers Conner
and Hayes, of the Savannah and Atlantic
railroad. II set forth that they had made
an effort, but had been absolutely unable
to find a market for the receivers GER
titicates, which the court had authorized
to be issued. A bid had been received, IL
stated, to rebuild the road for a considera-
tion of $40, ,000 to be paid in receivers GER
tlhcateS issued in terms of the order
granted Jan. 4, 1893. The petition further
stated that all parties Interested had
agreed to such a contract, provided the
permission of the court were obtained.
CAN BE DONE CHEAPER NOW.
1t was also shown that great loss TO
the property would result unless the
work were done at once, and further that
it could probably be done cheaper
at this season of the year than at any
other time. In the opinion of Receiver
Conner it would be to the advantage of
Savannah and Atlantic railroad if the
order of Jan. 4 were so modified as to al
low the contract to be made for the
work 10 be done in consideration of re-
ceiver's certificates to be issued to an
extent not to exceed $4,000.
Following the petition was a copy of q
resolution adopted by the directors of the
Oglethorpe Saving and Trust Company,
trustee for the bondholders, asserting to
the contract, and also a copy of a resolu-
tion adopted at the Saturday meeting Of
the bOndholders, which also urged that
the assent of the court to the contract be
given, as all parties had agreed to it. Col
j. H. Estill's affidavit as secretary of the
meeting of the bondholders certified that
$l92, 800 of the bonds at par value were
represented ana naQ given unanimous
assent to the proposed plan.
Justice Jackson has a reputation for at
tending most punctually to all matters
which come before him, and he did not
fail to do so in this case.
THE WORK TO BEGIN AT ONCE.
The petition and order were mailed
here Saturday. The order modifying the
order Of Jan. 4, and consenting to the con-
tract under which $4,000 in receivers
certificates is to be paid for the restoring
of the road was signed Feb. 26-last Mon
day-the same day it was received. 1t
was returned to Messrs. Lawton a. Gun
ningham by yesterdays mail and will be
filed with the court at once.
This is the only thing which has been
delaying the beginning of the work on the
road. II is pro bable that Engineer Dob
son will now take it up at once for Mayor
McDonough and the others who are in
terested in the contract, and that the
work will be pushed rapidly to compile
tion even before May l. No time has yet
been specified at which the work will be
taken up, but il will doubtless begin this
week, or by the first of next week, as
there is nothing whatever in the way to
delay it but the signing of the contract,
which is not a matter for delay. The
question has at last been satisfactorily
solved and settled and the people can be
sure of spending some of the summer
days on Tybee