The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1919-08-30
Expected that Court will Decide
in Macon Today What Dis
position will be Made
LOCAL REPRESENTATIVES,
MAKE EFFORT TO SAVE 1T
Representations will be Made
to Court that Brunswick
Citizens With Those Towns
Touched by Road Will Raise
Sum Sufficient

This morning in the Federal court
at Macon, Judge Beverly d Fgans
presiding, will in all PROBABILITY make
final disposition CT the Georgia Coast
and Piedmont railroad.
Several weeks ago Judge Evans
announced that he would sign the
decree fixing the date of "aIe and the
upset price for the railroad on Aug
ust 80, and parties interested in the
proceedings will be present in Ma
con today. A number of Brunswick
ians, including w. J. Butts, AMI Tim
j. Jordan, representing TIE Board of
Trade, Receivers f. d. Aiken and c
II .l-eayy, Judge Max Isaac, repre-
aenting the receivers and Genera.
Manager d. c. Smith left last n'ght
over the Southern to appear before
the court and submit tangible pr09
osition locking to the preservation OF
the road on terms that will be at
ceptable to all parties concerned.
A number Of progressive business
men from points along the line Of
the read have signified Their iHten-
ton CT being present when Jrdge Ev-
ans takes up the matter Of the sale
of the road. and in conjunction with
the Brunswick representative give
assurance to the court that the proT-
oeition which will be submitted viii
have their endorsement ana be faith
fully and fully carried out.
1t will be recalled that the Georgia
Coast and Piedmont was placed Or
tie block in Brunswick in june ny
Special Master Talbert and sold 10
New York salvage concern Scr
100000. which sale. however, was
lct confirmed by the court on &C.
count of the filing OF inierVentions
by northern bcndholders. 1t wa also
made apparent tC the court tha, the
upset price named in the decree Of
sale was entirely tCo low for tho
property.
Judge Evans was also arprised of
the intention of the purchasers. 10
dismantle and sell the property as
iunk. Representations we're made to
the court that the read was an indis
rensable asset, not only to BrInS-
wick, but to the section it travers-
ed, and in order to allow the parties
sufficient time to make plans for the
redemption of the property, Judge
Evans postponed naming the date on
which he would order the road sold
until today AupuSt 20
In the meantime the Brunswick
Beard of Trade. with the assistance
of the receivers. have been busily en-
saged formulating plans tnat v0ulG
insure the reorganization or the roa.
and finally succeeded in interesting
iect.
Mr. Marshall B. Smith, represent
ing these interests, came tc Bfan~-
wick and after making a careful in
spection of the property, met a COM
mittee from the Board of Trade and
Receivers Aiken and Leavy and
agreed that he would offer the sum
of $750.000 for the railroad with the
provision that $150,000 CT the amount
be subscribed by local partie@-or
parties resident on the line OF the
road.
This proposition was submitted TO
tie towns lying between Brunswick
and Collins. the northern terminus Of
he G. c, & P, and was given enthu-
elastic support. Several of the lead
ing financiers Of these towns how
ever. were of he opinion that the
road should be bought Outright by
local interests, and eliminate any
foreign holdings in the property.
To show their faith in the future Of
the road these citizens agreed to
raise instanter at least one e-fourth
OF the purchase price.
With these propositions. the COM
mittee and the receivers will 90 be-
fore Judge Evans this morning. ask
ing that they he accepted. 1t is the
opinion of the Brunswick represent
atives that if they can prove to the
court that the representations made
by them. backed by the assurance OF
the citizens of Darien, Glennville.
Reidsville. and Collins will be car
ried out that the fate of the G, c.
& P, will be settled.