The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-18
WILL BE READY THIS WEEK.
THE DISTRIBUTION OF THE NEW
CENTRAL RAILROAD SECURE
TIES.

Ii VIII Be Done Probably Through
the New York Guaranty and Indem-
nifty Company Of New York City.
That l. the Information Received
by the Southern BauIS-The Income
Bond Mortgages Filled for Record
in the superior Court-DiHerent
Trust Companies Made Trustee
Under Each of Them.
Information has been received in Savan-
nah that the new securities of the Cen
tral OF Georgia Railway Company viii be
ready for distribution this week. and that
the distribution will be by the New York
Guaranty and Indemnity Company.
The Southern Bank wrote on a day or
two ago to the Mercantile Trust Company
10 find out how and when the securities
would be distributed to those who hold
the permanent receipts of the latter COM
pany which has been the depository for
the reorganization committee. letter has
been received giving the information as
stated. II is probable that the holders Of
the certificates viii have 20 send their re-
ceipts on to this company and receive their
new securities i'm return.
The matter has been delayed several
weeks longer than would otherwise have
been the case on account of the serious
and desperate illness of the son Of Mr..
Henry Crawford. the weFi-known attorney
who has taken such a prominent part IN
the litigation, and whose absence in Chi
cage has necessarily delayed the work Of
distributing the securities.
1t would seem that almost every trust
company in New York has some interest
in the new securities Of the property. Three
trust COMPANIES two Of which have not
figured before as trustees under the mort
cages, have been made trustees under the
income mortgages. These mortgages were
fled for record in the superior court OF this
county yesterday, and certified copies
have also been sent to all other COUPLES
through which the property runs Tor the
same purpose. The Metropolitan Savings
and Trust Company rs made the trustee
under the first preference income mortgage
amounting to A,00000.
The Central Trust Company of New
York is made the trustee under the sec
ond preference income mortgage amount
ing to 100000.
The Manhattan Trust Company of New
York is made the trustee under the third
preference income mortgage. amounting
TO &0C, 900.
These different income mortgages are
secondary liens on various parts OF the
new system, according TO the manner in
which they We're distributed under the
reorganization plan.
Besides these mortgages, there was also
hled Tor record in the superior court yes
tcrday the deed made by Simon Borg, r.
c. Martin and Edwin S. HOoley, convey
ing to the Central of Georgia Railway
Company the lines Of the Savannah and
Western Railroad Company and other
property.
Tie copies Of these mortgages and deeds
are all in printed pamphlet form, ami
there Is considerable matter In each Of
them. so that IL will cost quite a pretty
SUM e record them in the courts of all
the counties in which the property on
which they are issued is located. These
last, however, dispose of all Of the gem
eral mortgages on the system, and there
are few other papers which will nave TO
OF record before the autonomy of the
system Is complete.