The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-08-30
THEY STILL HAVE A CHANCE.
STOCK AND DEBENTUREs NOT DE-
POSTED MAY YET BE RECEIVED.

Judge William ID. Harden, Repre-
sentinE the Reorganization Com
mittee, says IL the scrip Il sent 10
Him He VIII Undertake TO Get IL
in the REORGANIZATION Plan with
out Cost 10 the HOIders-The Com
mIttee Desires 10 Get in All the
SecurftIes-There Are Now $780,
900 in DebentureS and 3,7OO shares
of stock on the Outsfde-Ryan and
Crawford 10 BE Here in Two
Weeks.
In spite of the fact that the deposits
Of securities for participation in the Cen
trail railroads plan Of reorganization
ceased more than month ago there is stiIl
a chance for those who were left out
from one cause and another. TO get their
securities in, and perhaps without any cost
whatever 10 the holders.
The total issue Of certificates Of indebt-
edness is 100000 face value, and Of these
S4,136,0O0 have been deposited with the Mer-
camille Trust Company for participation
in the plan. OF the $500 shares of the
minority stock. 2s,lOO shares have been
deposited. This as will be seen, leaves
1854, 900 Of the debentures and $500 shares
of common stock yet unaccounted for.
Judge William d. Harden, who repre-
sents the organization committee here,
says he will take these securities and make
every effort to get them in without any
cost whatever to the holders.
I'VE want to get in all Of the stock and
debentures." Judge Harden said. IF it
is possible to do it the whole family
should be brought together. OF course. I
cannot guarantee what will or will not be
done, but 1 would like to have all who
have not deposited their script notified
that If they will send their scrip to me,
with a written statement Of the reasons
why they have not gone in, will under
take to get it admitted, and, except in ex-
IRENE cases, probably without any penal
ty. But. whether am successful or not,
there will be no cost to those holding the
scrip.
This is DONE" Judge Harden said,
simply TO try TO get everyone into the
plan. II is the desire Of the reorganizers
to have everybody come in. The scrip
should be sent in as soon as possible, as
the reorganfzers have requested me to
bdlAtH them toStAAleI ds lar ds 4 Nai a.
once. Messrs. Thomas ii. Ryan and Hen
~ Crawford of the reorga nization COM
mittee Will be in the city within two weeks
time, and all such matters viii be attend
ed to then. 1t viii be seen, for this rea-
son, that the scrip should be sent in at
once"
Judge Harden was asked also about the
Savannah and Atlantic railroad bonds.
"Of the issue of S25OO00." he replied.
$24S.S 800 have been deposited with the COM
mittee. The committee will, of course, re-
ceive the balance OF them If they are pre-
scented. They would like. think, to get
In any securities which would have come
In but which have been prevented from
doing So"
The petition for the foreclosure of the
first mortgage on the Savannah and At
lantic railroad has not yet been presented
10 the court. These proceedings will be
conducted by Messrs. Garrard, Meldrim
& Newman, representing the trustee, the
Oglethorpe Savings and Trust Company,
and by Judge Harden, representing the
reorganization committee. The decree is
now being drawn by Judge Harden. and
viii no doubt be taken very shortly.