The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-11-14
MR. CONFER TO Be PRESIDENT
An Authoritative Statement on the Sub
ieCt From New York.

Capt. Hayes Wires There is No Truth in
the Reports that New Y ork Mutual
Man Will Be Put in Charge Of the
Property-Thoge in Charge of the Re-
organization Say They Have No In
tention of Changing the Programme
as Already Agreed Upon, Which
Means Mr.. Conner Will Be President
Savannahians will be glad to learn on
the best authority that the report sent out
from New York to the effect that a New
Yorker representing the Mutual Life In
surance Company was to be made presi-
dent of the reorganized Central railroad
properties, is unfounded.
Receiver H. NJ. Conner had telegram
from Capt. r. Somers Hayes, co-receiver,
yesterday, stating that he had it from
parties at the head Of the reorganization
movement, whose names he mentioned,
that there was no truth whatever in the
statement that the president of the road
will be a New Yorker. and that there is
no intention to change the programme al
ready agreed upon.
This will be welcome news to those in
terested in the welfare of the Central. The
programme agreed on was that Mr. Co
mer is to be president of the road when
reorganized. This was determined last
August when work on the plan was well
under way, and was first announced in
the Morning News,
The recent reports have caused not
only a great deal of apprehension but
| much dissatisfaction among the friends
of Mr.. Conner, and the friends of the prop
erty generally, and Capt. Hayes has not
delayed in setting at rest all fears, as
soon as he became aware that the state
ments were being sent out from New
York. His authority is the highest as
he has it from those at the head of the
reorganization movement.
Receiver Conner, as was stated in Sun
| days Morning News, has given no ere
! dence to the reports, nor have those who
| are in a position to know what has been
| done by those in charge of the plan. 1t is
| believed a New York newspaper man is
! responsible for the reports, and as is seen
! there is no foundation for them. Such a
! change in the programme, as indicated
/ would can a great deal not only to those
/ who are interested in the property. but
| also to those who are in its employ. With
! Mr.. Conner as president none of the EN-
! ployes who are giving satisfaction need
! have reason to fear, and the statement
on good authority such as this is, will sci
| many fears at rest
The report will be received with satisfac-
| ton here and elsewhere by those inter.
ested in the road. Mr.. Conner has accom-.
! plished more for the junior security hold.
| ers in the coming reorganization thar
many of them will ever know anythina
about and he has reason to point witt
| pride to the fact that this is the only
! reorganization of an insolvent railroad
| property where the common stockholders
! have bapn allowed n in bai 10,
| without being assessed. 1t has been con
sidered proper, therefore, by those il
charge that, having the best interests OF
the property and its patrons at heart, he
should be made president when it is turned
over to the new company. This statement
viii set at rest all reports to the effect tina
a foreigner is to be placed at the head ot
| the nrnnnrtN