The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-08-31
TO BE READY BY NOV. /.
THE NEW CENTRAL RAILROAD co.
TO BE ORGANIZED THEN.

The Property to BE sold Early I'm De-
toBer-Receiver Conner says the
Plan viii BE Carried out Earlier
Than People Here Anticipated.
He Declines to Discuss the Question
of Successor 10 COmmissiOner r.
II. StahIman-The business Situa-
tIon, He says, Is Steadily ImprOv-
ing.
Receiver II. N. Conner OF the Central
railroad returned yesterday from New
York. where he has been in attendance on
several meetings OF the Southern Railway
and Steamship Association. which will.
after Oct /. be known as the Southern
States Freight Association.
When asked about the meeting and the
new agreement yesterday he was not in
cIined TO talk. but said that a meeting
would be held in New York Sept. q for
the purpose of making all final arrange
msnts and formally entering into the new
agreement.
as it definitely settled that Col II. S.
Haines will be Mai. stahlman's success
sor as commissioner" he was asked.
"The question Of new commissioner
was not discussed at all and nothing what
ever with regard to it was decided" Mr..
Conner replied. Commissioner stahlman
has agreed to remain in charge Of affairs
until October, and the matter Of electing
a new commissioner will no doubt come
up at the September meeting. So far. how
ever. nothing whatever has been done"
In spite of the fact that it seems to have
been tacitly agreed that Col Haines is to
De the next commissioner, Mr.. Conner had
nothing whatever to say on the subject
When asked why the railroads had taken
so long a time this year to arrive at an
agreement, he said that 1t did not APP
pear to have taken any longer than usual
The fact however, that the agreement
which is now being drawn is to continue
indefinitely, instead Of only one year, as
has been the case heretofore, might eX-
plain why so many meetings have been
held, and a longer time has been taken
in arriving at the agreement. The reason
the matter was not concluded at the last
meeting in New York, Mr. Conner said,
was because several important lines were
not represented. In the meantime the old
agreement will continue of force until
Oct. /, the intention being to get the new
agreement in full shape and elect the
new commissioner at the meeting which
will be held in New York in Sep sinber
When asked about the progress with the
Centrals reorganization plan Receiver
Conner said:
'It appears that the new plan is to be
carried out much earlier than the people
here expected After all that has been
done / don't believe there are any doubt
ing Thomases now. 1t is expected to sell
the property early in October, and the new
company will be fully organized and ready
for business by Nov. / II there is no hitch.
Other than this there are no new develop
ments."
What did you gather about the bust
ness situation?" Mr.. Conner was asked.
Business matters have improved very
much of late was the reply, land there
is a steady Improvement now going on.
There has not been any boom or anything
of that kind, but the progress has been
steadily for the better. The grain crop is
large one, and though the cotton crop
will not be so large as last year, 1t will
undoubtedly command better prices
There is plenty of money in New York and
the people are anxious to lend 1t. From
railroad standpoint the business situation
will depend very much upon the crops,
though at present everything looks very
favorable"