The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1909-03-23

0@S's-ArNWri9hts Work Commend
ed by Counsel for Colony Trust Co.
The following from the Atlanta Con-
stitution of Sunday on the A.. b. & A
SITUATION. Will be of general interest:
Receiver S. F.. Parrott named as
such with H. NJ. Atkinson. by Judge
Don A. Pardee. at New Orleans on
Friday' Will take a thorough inspection
Oh the roads property within a very
short while This is preparatory to
the work Of construction to be carried
forward by this company as outlined
IN The CONSTITUTIONS special from New
Orleans on Saturday.
M. Parrott called upon Mr.. Akin
son at the latter's offices in the At
lanta, Birmingham & Atlantic railroad
building, where the two were closetad
together for some time discussing The
condition of the receivership and plans
incident to carrying out the orders OF
the court in regard thereto.
hf. Parro(t win be accompanied by
Mr Atkinson on this tour of inspeo-
tlon, ii Mir Atkinson can find time
to get away; then. if not. he win 90
oVet the road probably accompanied
by General Manager Alex Bonnyman
to see the exact condition of the prop.
erty for which the court holds him.
with Mr.. Atkinson. responsible for its
condition and operation.
Parrott Accepts Receivership.
saturday NOM NJ the order nam
ing h IN as co-receiver was received by
Mr.. Parrott, and the receiyership ac
cepted
This much done, he. as a practi-
cal railroad builder and operator. has
set about 10 master the incidental de-
tails in connection with this areat
system, with view to STRENGTHENING
out its financial details and putting 1t
on aTpaying basis again.
1T is hardly possible there win he
any shakeup in regard to any of the
oiilcals connected with the road for
Mr. Parrott is known to have said.
4 can generally get as good work ont
OF men find in office as the men
can put there This was demonstrat-
ed by the fact that he changed only
one man on the Georgia Southern and
Florida, and has made none in the Of
nee OF the Atlantic Compress com.
pany, of which he is president
Two of the principal bits of con-
struction to be done under the new
regime is that of building into Birm
ineham from Pelham, a distance of
some eighteen or twenty miles. The
A., b. & A. trains now enter Birming-
nam over the tracks of the Louisville
and Nashville road. with which this
road has a trackage agreement, ana
the construction of a line of tracks
to the coal mines owned and operated
by this company
"On his tour of investigation Mr..
Parrot will look into both of these
proposed pieces of construction.
Mr. Arkwright. who resigned as
coreceiyer has returned from New
/ Orleans, and states that he has moth
/ ing to add to his statements contained
in his letter of resignation to Judge
Pardee.
Attorneys Rosser & Brandon coun-
sci for the A, b. & A., Alex King, of
the firm of King & Spalding, counsel
for some of the minority bondholders.
! and Attorney Currier, of the firm of
/ Currier, Rollins & Pillsbury have
returned to Atlanta from New Or
| leans, where they attended the hear
ing incident to the change of the re-
ceiyers S.ff A ~
Harmony" Says Mr.. slaton.
81 John. M. Slaton, whose firm, Sla-
tont,& Phillips, is associat ed withlCufq
rfef1 Rollins; & Pillsbury, ot Bostons
as counsel for the Old Colony Trust
company, the trustee of all the bonds,
stated that the action in the f1cburt
! proceedings before Judge Pardee in
New Orleans was harmonious and
friendly and says = - =
THE Old Colony Trust company
! forecosed in, behalfrofI all'Ithe bond
holders On the properties of the At
lanta Birnlingham 8and Atlantic railx
ROAD Company, the Georgia Terminal
, company, and the Alabama Terminal
/! company, and the question arose upon
! the appointment Of receivers unde.
these foreclosures. Until the fore
closure suits were filed, the FORMER biz
proceeded in the nature of a bank
ruptcy b.n. bit as soon as the fore-
closure bills were presented 10 tht
court the Whole proceeding was sub
j ordinate to the foreclosure. =
"Th6re. was no question OF turning
out any receivers, but Of the appoihs-
ment Of receivers under tLles fore-
b .-g,f r-;,,A 4