The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-31
THE OLD CENTRAL'S LAST DAY.
THE STROKE OF II TONIGHT WILL
SEE 1T N NEW HANDS.

Yet Completed Its work. hut VIII
Within "a Few Days-Vice President
Anderton's Circular and the Ap-
pointments-The Receivers Circu-
lars Announcing the Transfer Of,
the Property 10 the New Company.
MIR. Conner VIII Re Made President
when Permanent Organization Is
Enected-NIr. Spencer says the
Property VIII BE Operated in Its
own Interests.
To-night at - o'clock the Central Rail
road and Banking Company OF Georgia
will exist no more. It's place win have
been taken hy the Central Of Georgia
Railway Company that being the hour
at which the court has directed the re-
ceivers 10 turn the property over 10 the
new company.
Receiver Conner and President Spencer
Of the Southern. the CenraIs largest
stockholder, stated yesterday that the
temporary organization Of the company
had not yet completed its work. and
that therefore the permanent organiza-
ton can not go i'm at once. They stated.
however, that the work Of rhe temporary
organization viii be completed within
the next three weeks, or, perhaps. I'm less
time.
A circular will be issued to-day, dated
Nov. J. signed by the vice president of
the temporary organization, Mr.. Ralph
L. Anderton, Jr., of New York This
circular will state that the properties Of
the Central Railroad and Banking Com
pany, Of the Savannah and Western Rail
road Company, together with me leased
lines, and the steamship properties Will
be turned over to the new company for
operation al midnight on Oct. 81
The temporary officers of the company,
elected by the temporary board Of dlrec-
Vice President Ralph L. Anderton, Jr
Secre tary-Willam T.. Finley.
Treasurer-W. A. G.. Even.
General Counsei-Henrv Crawford.
All of these temporary officers are OF
New York The operations of the prop
erty on and after Nov I viii be conducted
from the Savannah office, and the cirCu-
lar will announce the following appoint
ments made by the vice president under
the authority Of the board for this pur-
pose:
Lawton & Cunningham, general solic-
Theo d. Kline. general superintendent
rail lines, in charge of transportation,
road and machinery department, Savan-
William f. shellman, traffic manager
Of rail lines, Savannah.
William Hawn, auditor rail lines, Sa-
Walter c. Askew, assistant treasurer,
Savannah.
J. v. Conner, purchasing agent. sa-
G. NJ. sorrel. manager steamship lines,
Savannah.
J. p. Beckwith, general freight and
York
In addition to the work Of the new
company all the officers will perform such
duties as may be required of them in com
pletng the unfinished work of the re-
ceivers. All earnings prior to Nov. i will
81 al hl fHHfN
ers, and all after that date to the assis-
tant treasurer Of the new company. All
persons In the employ Of the company
uhder the receivers are continued under
the temporary arrangement, terminable
without notice on any date at the viii
OF either party. This statement Is made
however, on account of the fact that the
temporary arrangement viii last only ff-
teen or twenty days, when the permanent
organization will be effected
The receivers continue in charge of the
montgomery and Eufaula, the Mobile and
Girard and the Savannah and Atlantic
railroads until after the sales Of those
properties and the confirmation Of the
same by the court.
The account OF the receivers on all lines
are to be settled by the receivers, and
the new company has no part i'm or connec-
ton. with those accounts. The foregoing
is simply a summary of the circular Of
the vice president under the temporary
organization, which will be issued and
made public this morning
NO president has been elected for the
new company Mr.. Spencer stated, land
none will be until the temporary board
has finished the work incident to the re-
organization accounts, which should be
within fifteen or twenty days At that
time the permanent board will be elected
with Mr.. Conner as president In the
meantime, as shown by the circular, the
operations of the property by the new
company viii go on under the respective
heads or departments as heretofore, and
as expected TO be continued under the
permanent organization.
The assistant treasurer with his Of
Savannah. a D 40 IN
ties of treasurer, the location of a treas
urers office in New York being tenn
signing and issuing the large amount of
securities of the new company"
What can you say about the policy of
the new company" he was asked.
THE policy of the new company is en-
bodied in a very simple statement" he
replied, that the property shall be operat-
ed IN ITS own interests to make the best
results for itself"
The circulars of the receivers of the
Central We're issued yesterday. The cir
culars of the receivers of the steamship
companies announce that these properties
Will be turned over to the new owners
al midnight on oct. 81. and all persons IN
the employ Of the receivers are notified
that their services under the receivers
VIII terminate at that time. All money
due the receivers will be RENTED
TO them as heretofore. and all obligations
incurred 10y them viii be settled by them
as heretofore. William ID. Basley gen
eral agent and r. NJ. Cunningham treas
until further notice.
The same statement practically is made
IN the circular issued by the receivers
of the Central railroad, and that bv Re
ceiyers Conner and Lowry of the Savannah
and Western railroad. All interested are
notified Of the transfer Of the property
and accounts with the receivers prior to
Nov. will be settled with the receivers
or their agents. Messrs. William ID. Bas-
ley, general agent, +. +. Cunningharn am
ditor, and T. NJ. Cunningham. treasurer.
viii continue to act for the receivers OF
the Central and for those of the Savannah
and Western until further notice.
Another circular Is signed BY w c
Askew, assistant treasurer, and is dated
Nov. I. IL is a notice to the agents and
conductors that remittances after thar
date are to he made to the Central OF
Georgia Railway Company, and that the
blanks of the company are to be used
This, however, does not apply to the roads
still in the hands Of the receivers.
Circular No. !. issued by Mai w. f.
Shellman, traffic manager of the new
company, makes the following appoint
ments:
General FREIGHT Agent-W. A. Wfnburn.
General Passenger AGENT. c. Halle.
Claim Agent L. Graham
Circular No. I, issued by General Super-