Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1895-10-06
ONE AND 0NE-HALf MILLION
There Was Only One Bid offered and That a
Small One.
WILL GO INTO THE REORGANIZATION
The Central Railroad System to Be
Operated Separately-Other
Sales for Monday.


was sold at auction by Special Master
A. E, Anglers yesterday at noon to the
bondholders of the company, the pur-
chase price being 1900, 900. The sale was
made under a decree rendered by Judge
Pardee of the United States court to
satisfy Judgment against the company
obtained by the Central Trust company
of New York
There was only one bid, and that was
by Mr.. Simon Borg of New York, one of
the committeeman representing the bond
holders. he having complied with the re-
quirements by depositing a certified
check for s25,00O The road was knocked
off to him.
z The lines comprising the Savannah and
Western are as follows:
The Columbus and Western. from Bir-
mingham to Columbus, Ga, 157 miles;
Columbus Southern, from Columbus, Ga,
to Americus, Ga, ga miles; the East Ala
bama from Opelika to Roanoke, Ala.
80 miles; the Columbus and Rome, from
Columbus to Greenville, Ca, so miles;
the Eufaula and Ozark, from Eufaula to
Ozark. Ala. so miles; the Savannah and
Western road proper, from Meldrim to
Lyons, Ga, So miles; and the branch from
Griffin to 'Carrollton, Ca, so miles-in all
The sale took place at the old Savannah
and Western depot, located at Second
avenue, and Twenty-eighth street, and
besides the railroad magnates present
were Messrs. T. T. Hillman, B. Steiner,
Solon Jacobs, A. H. Steven and others.
The following well-known railroad men
from a distance were present:
Messrs. Simon Borg, H. c. Martin and
E. S. Hooley, committee of the Savannah
and Western bondholders; Samuel Thorn
as and T. F. Ryan of New York,
representing the reorganization commit
tee of the Central Henry Crawford.
counsel for the Central railroad reorgan-
ization committee; Judge Tompkins, Mr..
Henry w. Calhoun of New York. rep
reseniing the Central Trust company of
New York; Mr.. Pat Calhoun of Atlanta,
representing the Borg committed; Mr..
A. r. gL.awtor,s representing the receivers
of the Central railroad; Mr. Davis Free
man. representing the receivers of the
SaNannah and Western railroad; w. A.
c. Even of New York, secretary of the
reorganization committee; Mr.. A. z. An
gier Of Atlanta, special master of the
court ordering the sale.
Messrs. Simon Borg, r. c. Martin and
Fr S Hooley were the committee repre-
senting the bondholders.
Mr.. H. NJ Conner, receiver of the Cen
trail of Georgia, in an interview yester-
day. stated that the Savannah and West
ern Railroad company would go into the
REORGANIZATION scheme of the Central.
The Central is to be sold in Savannah
tomorrow and will be purchased by the
reorganization committee of the Central.
The stock of the reorganized committee
will he owned by the Southern railway,
and that committee will control the Cen
tral, but it will be operated as sepa-
rate and Independent system, with Mr.. II.
NJ. Conner at its head. There will be few
changes, If any, in its Offices 1t is stated.
Col. A. H. Stevents will be continued as
agent of the road in this city and Mr.. So
lon Jacobs as commercial agent.
Several lines which have been operated
by the Central will not be included in the
sale tomorrow, but 1t is given out that
they will be leased by the Central and
continued as part of its system. Among
these roads are the Mobile and Girard,
running from Girard to Seabright; the
Montgomery and Eufaula, running from
Montgomery to Eufaula; the Southern
Railway of Georgia, running from Macon
ard Columbus, and from Macon to AL
bany; the Augusta and Savannah rum
ming from Augusta to Mi1len.
The Port Royal and Western Carolina
ana the Port Royal and Augusta, a ma
jority Of whose stock Is owned by the
Southern Railway company, will proba-
bly, be included in the reorganiZed Cen
tral company.
The party who came here to attend the
sale of the Savannah and Western left
in three special cars over the Central for
Saya rfnah at 12:45 yesterday afternoon.
They will be at the sale of the Central in
Savannah. tomorrow.
The Alabama Great Southern.
The following orders have been issued
by the Southern officials
Alabama Great Southern Railway,
Office of the President, 80 Broadway,
New York Oct 2
Executive Order No. l.
At meeting of the board of directors
of this company, held today, the follow
ing officers were elected:
President, Samuel Spencer.
FirstsVice- president, A. B. Andrews.
s Second vice-president. w. II. Baldwin.
Third vice-president. w. w. Finley.
Secretary, Josiah T. Hill.
The following appointments were made
to take effect from date:
W. A. Vaughan, general superinten-
dent 4
J. M. Gulp, general traffic manager.
i Charles H. Davis, comptroller.
{ II. ii. Tatum treasurer.
y The address of the comptroller and
treasurer will be as heretofore, Cincin-
nati.s The address of the general superin-
tendent will be Chattanooga, Tenn. The
address of the other officials, except the
president, will be Washington, d. c.
SAMUEL SPENCER, President.
Superintendent Frazier Retained.
Office of General Superintendent.
"a Chattanooga, Tenn, Oct. 3, 1895.
Under the authority of the presidents
order, No. l, dated New York, October
8, 1895, l hereby appoint
+ A. j. Frazer, superintendent.
C. Skinner master mechanic.
( M. A. Zook, engineer maintenance of
way.
All employees will report as heretofore
to their respective offices.
The superintendent will report direct
to me- 90. w. H. VAUGHAN,
General Superintendent
{ Approved:
f W. H. BALDWIN, JR,, Second Vice
President.
Superintendent Frazier has been su-