The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-21
WINDING UP THE LITIGATION.
JTDGE PARDEE WILL LET THE
FEES ALONE UNLESS THERE
ISA DISPUTE.

All Creditors of the Central Railroad
and Ranking Company Must Have
Their Claims in by Dec. 10 or They
VIII Re Barred-The other Prop
ertv of the system In he Advertis-
ed for sale ut That Time-The Life
of the Temporary Organization
VIII he n Very Brief One.
Judge Pardee announced TO the attor-
news in the Central railroad litigation
At the recent session Of the circuit court
in Atlanta. that DE would not interfere
in the matter Of the fees TO be awarded
ss he understood an amicabIe arrange
ment between them would be made Tn
less some dispute arose with regard 10
them. he said. he would have nothing 10
say. except, perhaps, to sign the order
With regard 10 the fees OF the COM
missioners. Messrs. Buck and owens. wno
sold the Central, however, he stated that
this was a matter for him to attend 10,
as the commissioners had been appoint
ed by the court. He fixed the fees Of
the commissioners. as was stated in the
dispatch 10 the Morning News yeste--
dav at $500 each. with an additional $500
each for expenses in case they have TO
go outside the circuit in perfecting the
papers. 1t is considered very likely that
they will have to do so.
Judge William D. Harden, who repre-
sents the reorganization committee here,
returned yesterday from Atlanta, where
he has been fof several days in attend
ance on the sessions of the court Judge
Harden said it was not known just how
long the temporary organization Of the
II Is
not believed it will be necessary for it
to continue much after Jan at the out
side. 1t win be used by the purchasers,
Messrs. Thomas and Ryan, simply for the
purpose Of complying with the contracts
they have entered into to furnish seeuri-
ties of the new company in exchange Tor
those of the old, which have been turned
over to their care.
Judge Pardee, he says, has ordered all
the creditors Of the Central Railroad and
Banking Company, whose claims have not
yet been adjusted, TO present them to the
court by or before Dec. 16 next, or they
will be debarred. The special master will
consider and report on whatever claims
are made and on Dec. l6 he will adver-
tise for sale all the property of the Cen
trail that was not included IN the
sale of the main line proper. rms
property will then be sold four weeks
the he assets of the bank, among
which are several valuable pieces of real
estates also some real estate belonging
TO the company at different points along
the line, some property and wharf at
Port Royal and the belt line property
around Atlanta. This property will be
sold with due notice of any claims that
may be filed against il before Dec. 10,
but, as in case of the other assets of
the company will, of course, be bought
in by Messrs. Thomas and Ryan.
There are several other properties to
be sold and bought in before the whole
system ca1 be organized and started
out under its new management. 1t Is said
that the management, so far as the in
dividuals are concerned, will remain I'M
changed. Judge Harden says ne under
stands the same board of directors that
exists now is TO be retained as well as
Mr.. Conner as president. 1t appears that
there will be no important changes any
where on the system as the result of the
new management
The Ocean Steamship Company will
stand on the same basis as il did before
the receivership. This property was new
er insolyent, and was put in the hands of
the receivers only for convenience, on ac-
count of its close relations with the Cen
trail railroad There will be no change
whatever In any of its outstanding secu-
rites, upon which there has never been
any default