The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-09
SOUTHWESTERN WILL WAIT
If RQOrganizeTS Offer Good Terms il
May Stick to the Central.

and be Operated as Separate Sys-
tem-R. T. Wilson Elected President
and ]. S. Baxter Vice President-The
New Board of Directors Made Up Of
R, T. Wilson, j. s. Baxter, T. B.
Gresham, ]. F. Gresham, j. F. Minis
and B. a. Denmark.
Macon, Ca, Feb. 7.-The stockholders of
the Southwestern railroad to-day adopted
the Raoul resolution unanimously, and
in doing so declared their independence
of the Central railroad.
The convention met at 9 o'clock and
Judge Bartlett, of Macon was elected to
the chair.
The committee on proxies not being
ready to report, a recess was taken until
3o'clock.
The result of the meeting was some
what of q surprise. Opposition to the.
Raoul resolution did not materialize. 1t
went through without a dissenting voice,
the only evidence of compromise being
the resolution of endorsement with pro-
viso introduced by Mr.. Raoul himself.
TEXT OF THE RESOLUTION.
This resolution, which was the first in
troduced after the convention got to-
gether at 3 o'clock this afternoon, is as
follows;
Resolved, That the resolutions passed by
the board OF directors at their meeting in
Macon Ca, on the 9th day of December,
1898 which said resolutions have Just been
read to this convention, are hereby
ratified and confirmed, and the incom-
ing board are hereby instructed to carry
the same into effect. Provided however,
that before the Southwestern railroad is
taken from the custody, control and man
agement of the Central Railroad and Banking
Company of Georgia. that the incoming board
will appoint from its number committee OF
three to confer with the parties who
may con rOl the reorganization of the Central
railroad and Banking Company Of Georgia,
il such there be, in order to ascertain the
terms and conditions upon which the South
western Railroad Company can go into the
contemplated reorganization. but If such
terms and conditions snail be formulated into
definite proposition satisfactory TO the board
of directors, the latter shall cause
such proposition to be submitted to the
Southwestern stockholders at a meeting TO be
called for the purpose. Should however,
within a reasonable time after the appoint
ment Of such committee by the incoming
board no proposition in satisfactory form be
forthcoming, the directors are authorized
and directed to withdraw the railroad and
property of the Southwestern Railroad Com
pany from the control Of the receiver OF the
central railroad and Banking Company Of
Georgia, and to make the necessary financial
and other arrang ements for its protection
and independent reorganization in accord
ance with the resolutions of Dec. %.
first above mentioned, or notifications
and changes thereof as in the discretion OF
the incoming board of directors may be nee
essary or advisable, and the board Of direc-
tors is hereby empowered by this convention
to make such notifications or changes as it
may deem necessary or advisab BILE, and to take
such and perform such acts as may be deemed
necessary or advisable to successfully carry
into effect the provisions OF the aforesaid res
olutions.
Mr.. CONFER AGREES WITH MR.. RAOUL.
Before these resolutions were voted on
Mr.. Conner said, as receiver of the Cen
trail railroad, he fully agreed with Mr..
RaOul on the question of policy and on his
resolutions. He thought with Mr. Raoul,
that full consideration should be given
to the Southwestern, and in saying this
he spoke not as receiver of the Central,
but as a stockholder of the Southwestern.
The newspapers had, he said, placed him
self and Mr.. Raoul in opposition. He had
known nothing of any such opposition
until he saw it in the newspapers, and
knew nothing about it now.
THE BOARD OF DIRECTORS.
Hon A. o. Bacon offered the following
board of directors in nomination. For
president, h. t. Wilson; for directors,
>. ). Baxter, of Macon, w. c.. Raoul. of
Macon, W. r. Cox, of Macon, j. M. John
son, of Macon, I. B. Gresham, of Balti-
more, j. F. Minis, of Savannah, and B. A.
Denmark, of Savannah.
The board was seconded and was about
10 be put to the meeting by the chairman,
when MIR. Conner offered another board,
as follows; For president, r. T. Wilson :;
Ior directors, j. s. Baxter, of Macon, A
II. Lawton, of Savannah, w. G. Raoul,
John A, Davis, of Albany, John Flannery,
Is. A. Denmark and J. n. Johnston.
Before the question of the election of a
board was put, Gen. Lawton, who had
Deen spoken of in high terms by Mr.
Conner begged that his name be left out
OF @ consi Iteration. After explanations on
the part OF Mr.. Raoul and Mr.. Conner on
the nomination Of the board of directors,
non John A. Davis withdrew his name
and stated that he would decline to serve.
D. .. Mccoy, of Baltimore, mo ed that
acommlttee be appointed to nominate.
he said that he had no objection to the
ooard, out the nomination seemed to be a
sGdr chamber proceeding. On motion of
capt.. Jesse Bull, of Talbotton, this motion
was tabled.
Ihe committee on proxies was nomi-
mated as tellers for the ele 'tion OF direc-
Tors. The following resolutions were
o1ered by Frank Miller and others:
resolved, That the action of the board in
~ ~ matter OF taking an app al from the de-
Sl9Iou OF the United States II, cult court max
~ ms company la Ie on the So alied
tr4parute bonds is hereby approves; and
neSoIVed, That the thanks Of this conven-
NenJlon are here ~ rendered to Mr. r. A. vii
son OF New York for his services in making
peal: and P
resolved, That the bylaws of this company
are ere hereby amended by the addition of the
Lo-lo"lng section. to-wit: THAT he toard
nay, NAV, at Its dis retion, desi ynate four OF its
leml ers, OF which the president shall G
OLe 10 constitute an executive committee
SSLolhed with such authority as the board may
TGSeul ADVISABLE to act on matters during the
InIerlm between board meetings."
.,Ihe following resolution was also
resolved, That when this convention ad-
Ioprns all such matters as are before il for
eohslueration and undetermined with
sech other matters as could lawfully come
OeloIe II at this time. shall stand over and be
psoPerly IN order for action thereon at any
aoJourned session thereof.
RESULT OF THE COUNT.
The result of the vote for directors was
as as follows: President. Il. T. Wilson, 38.-
SSooi J. 5. Baxter, 81, ,547; w. X. COX. 23,-
92S B. A. Denmark, 1905; +. b.
Gresham, p, ,646; J. NJ. johnson. 81, sos ::
D. + Minis, 23,l46; w. G. kaoul. 4O,O6S
a "a. X. Lawton, ~. 753; John F'lannery. l3,-
So5; John a. Davis. Is, ,75S
Inc board nominated by Mr.. Bacon.
winch Is the kaoul board, was elected
AlIer resolutions Oh thanks 70 Mr. vii
son. " no baf.uua hCr4grr.1 Co.. al. s..tN.