The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-03
CENTRAL C.,R.&S.
FORMAL TRANSFER OF THE PROP
ERTY WAS MADE SATURDAY.
PRESIDENT EGAN ON THE DEAL
WAS NEVER THOUGHT THE SALE
WOULD BE CALLED OFF.

There wns Some Idea That There
Would De Delay in the Formal
Transfer of the Chattanooga, Rome
and Southern and the Chattanooga
md Durham TO the CentraI-Thni
Accounted for the Revocation OF
Orders for Measures That Have
Been POstpon cd-Transfer Was
Made Under the Terms of the Pur-
chase of the Property-New Line
VIII he Operated by Supt. Will
burn. who VIII Report to Mnj.
Hanson.
President John NJ. Egan of the Central
Railroad returned yesterday from New
York where he, Col A. r. Lawton of
Lawton & Cunningham, general counsel
for the Central and Maj. j. F. Hanson
of Macon, chairman of the board had
been for some days to settle the matter
of the transfer of the Chattanooga, Rome
and Southern and the Chattanooga and
Durham property to the Central under
the terms of the purchase that were
agreed to some weeks ago.
Mr.. Egan was asked about the report
of the deal between the Central and
the Chattanooga, Rome and Southern
having been called off. He said he did
not know upon just what basis the re-
port had rested. thought it was true that
it looked at one time as if there might
be delay in the formal transfer of the
property to the Central by Messrs. Simon
Borg & Co. The Central officials. Mr.
Egan said, had no thought but that the
deal would be successfully carried
through, however, but it was regarded as
wise to hold certain measures in suspen-
sion that had been decided upon and for
which instructions had been issued. This
meant the revocation of the order that
sent an office force to Rome and the re-
turn of the clerks.
The transfer of the property, under the
terms agreed upon, was formally made
Saturday afternoon at ! O'Clock, when the
deed to the property was turned over by
Borg & Co to the general counsel for the
Central. The stocks and bonds of the
Chattanooga, Rene and Southern and the
Chattanooga and Durham were turned
over to the Standard Trust Company.
For the present Mr.. Egan said. the
Chattanooga Rome and Southern will be
operated as heretofore, and will be known
as the Chattanooga division of the Cen
trail Ex-President wilbur will be su-
perintendent, and will report directly to
Mai. Hanson at Macon. Mr.. Wilburn has
been authorized to make any purchases
that may be found necessary for the oper-
alton of the railroad.
The plan is to evetually operate the
new line as a regular division of the Cen
trail, extending from Griffin to Chattanoo-
ga. That adjustment will be effected af-
ter the present system has been followed
for a time.
Mr. Egan said that the track of the
Bruton and Pineora branch has been laid
from Register to Statesboro, and that the
roadbed only remains to be surfaced be-
| fore trains can be run over it. This will
! proba bly, be within week. The line will
! then be open all the way from Bruton 10
| States boro. The acquisition by the Cen
! trail of the Dover and Statesboro, on Jan.
| / last will give the company a line from
! Dover on its main stem. through to Bru-
| ton, when the trains are running over the
| new section between Register and States
| boro