Newspaper Page Text
Utt leraltf and ^dDtrlisflj.
Ifewnan, Ga., Friday, Feb. 10, 1888.
WEEKLY CIRCULATION, 1,760.
JAS. E. BROWN. Editor.
Savannah, Griffin and North Ala
bama Railroad.
The minority stockholders of the
Savannah, (Trillin and North Alabama
Railroad have tiled a bill in Spalding
Superior Court asking for the appoint
ment of a receiver. The bill alleges
mismanagement on the part of the
Central Railroad; failure to provide ad
equate passenger and traffic facilities;
discrimination in favor of the Atlanta
and West Point Railroad, by divert
ing freight to Columbus and At
lanta that legitimately belonged to
the Savannah, Griffin and North
Alabama road; removal of the com
pany’s office from Griffin to Savan-
nan, in violation of the corporate rights
and without the consent ot the stock
holders; and such general neglect of the
company’s affairs, whether designedly
or otherwise, as to depreciate the value
of said property. Clifford Anderson oi
Macon, A. M. Speer of Madison, E. \\.
Hammond of Griffin, and L. R. Ray of
Newnan, have been retained by the
minority stockholders to represent
their interests, and the case will come
up for a hearing in a few days—proba
bly this week. The Central Railroad
has withdrawn its offer of $7.50 per
share for the minority stock, but we
understand a syndicate has been form
ed that will take all stock that may he
offered at this figure.
The following articles from the Sav
annah JVeios fully explain the present
status of affairs :
Savannah News, 2d Inst.
The Central’s offier of $7.50 per share
for the minority stock of the Savannah.
Griffin and North Alabama Railroad
expired yesterday. About fifteen hun
dred shares were turned in. No more
stock will be bought by the Central,
and the company will now push its suit
for foreclosure, which is pending in
Spalding Superior Court. The road
will he sold out in the spring for its
bonded debt.
The matter was discussed by the Cen
tral directors at their meeting yester
day, but no formal action was taken.
The road was begun before the war,
and was built for the purpose of secur
ing a connection between Griffin and
North Alabama. It was graded as far
as Newnan when the war broke out,
and then things came to a standstill.
After the war the stockholders got to
gether, scaled their stock down to one-
half and began again to work upon
their enterprise. This time they ironed
out the Griffin road. The idea is to
force the road into the hands of a re
ceiver and secure a settlement from
the Central, which has been running
the property for so many years.
The Morning Neics announced sev
eral days ago that the Central’s propo
sition to buy the minority stock of the
Savannah, Griffin and North Alabama
at $7.50 per share had expired, and
that Gen. Alexander said the fore
closure proceedings would now lie push
ed. There seems to be a hitch some
where, and a big legal contest is loom
ing up.
\V. E. H. Searcy, acting for the mi
nority, it seems, has been buying up
stock at the same price that the Central
has been paying and offered the Cen
tral the same price for what it held.
This the Central refused to accept,
Mr. Searcy at once filed a bill in Atlan
ta to enjoin the foreclosure of t lie mort
gage bonds of the road, and .asking the
court to cancel certain parts of its al
leged indebtedness and appoint a re
ceiver to run the road in the interest ot
the stockholders, instead of the Cen
tral Railroad and Ranking Company
and West Point Railroad Company,
which is controlled by the Central.
The bill makes many charges of inis-
management and willful diversion of
freight in order to break down the road
and buy it for nothing. All minority
stockholders who have not sold their
stock are invited to join in the suit, or
their stock will be purchased, as they
may prefer.
There is a proposition before Gen.
Alexander and his directors, made by
the minority stockholders, to buy out
the Central’s interest in t he road, paying
the amount due them and $7.50 per
share for their stock. An answer is ex
acted by the middle of this month.
eantime the bill stops the foreclos
ure. If the Central sells the bill will
be withdrawn, of course. If not, the
suit will be prosecuted.
K
According to Bradstreet’s estimate,
the workingmen of this country lost
$13,500.00 of wages last year on account
of strikes;—and yet the wretched (?)
condition of the laboring classes in
America is daily paraded by the pro
tection organs as a solemn warning to
tariff reformers who are endeavoring
to secure a reduction of the tariff on
some of the leading articles of necessi
ty. There is no class so much interested
in cheap food and clothing as the hon
est working-people, and certainly no
class that would be so greatly benefit
ed.
Hon. T. A. Atkinson, of Meriweth
er, will be a candidate for Solicitor-
General of the Coweta Circuit at the
November meeting of the Legislature,
and will be strongly indorsed for the
position. Mr. Atkinson is one of the
ablest young lawyers in the Circuit
and the announcement of his candida
cy is very favorably received here.
the road to Newnan and purchased
tome rolling stock.
Reeling the necessity of the exten
sion of the road, they then called in
;he aid of the Central, from which they
borrowed money to ext end it to Carroll
ton. Bonds were issued for this money,
md also stock deposited as collateral
for an amount sufficient to give the Cen
tral a controlling interest m the road.
Subsequently, however, this stock was
purchased by the Central. When the
road reached Carrollton the Central
leclined to extend it farther, and the
interprise again lagged. In fact, the
road has never been extended. The
toupons upon the bonds have not been
paid, and the stock is almost without
ralue. Some has been sold for $5 per
share, and a large block was sold a few
rears ago as low as $2.50 a share.
There is a provision in the bonds
rwned by the Central that if the cou
pons are not paid regularly the bonds
shall become due and subject to fore
closure. Under this provision the Cen
tral filed its foreclosure proceeding
md will proceed to sell the road. The
Central holds $600,000 of the road’s
stock, and has always been the largest
stockholder in it.
A committee representing the stock
holders came down to Savannah sever
al weeks ago and had a conference
with the Central people, the result of
which was that the Central offered
$7.50 per share for the minority stock
provided it was sent in by Feb. 1. That
offer has now expired. It is claimed
by the minority stockholders that Gen.
Alexander offered to either give them
$7.50 per share for their stock or take
that for the Central’s. This Gen. Al
exander denies.
In speaking of the matter yesterday,
he said that there was no reason why
the Central should make any such prop
osition, and it only offered the $7.;>0
per share because it desired to make
some return, however small, to the
stockholders. “The fact is,” said the
General, quoting wliat another official
of the Central had said, “the Central
was fooled into the matter in the first
place, and it has got to get it out the
best way it can, and the only way is by
foreclosure.”
The bonded indebtedness of the Sa
vannah and Griffin road last November
was in round figures $$40,000. It is in
creasing at the rate of $4,500 a month,
so that altogether the Central is inter
ested in tlie road to the amount of
something over $900,000. Its average
net earnings are $12,000. Each year
has been accumulating a larger and
larger debt ahead of the stock, and at
the same time the extensions of rival
lines have threatened to still further
destroy its value.
Gen. Alexander was asked yesterday
if the $7.50 offer to the minority stock
holders would l>e renewed, anu he re
plied that it would not be. The stock
holders have been sticking to it all
along that the Central offered to sell
its stock at the same figure which it of
fered to pay for the minority stock, and
that they are ready to take it at that
figure. Gen. Alexander, however, says
that it is not*true that tlie Central of
fered to sell.
Something was said at the conference
as to the payment of the hack coupons
and interest, amounting to some $340,-
000. The committe claims to have ac
cepted this offer, but the Central de
clined again. Something was also said
as to the propositions the Central
would be likely to accept, but there
was no agreement, Gen. Alexander
says, to sell out. The Central will now
push its foreclosure proceedings.
Savannah News, 4th inst.
The minority stockholders of the Sa
vannah, Griffin and North Alabama
Railroad have got an injunction on the
Central people to prevent their selling
Tiie daily cotton reports issued by
Glenny & Violett, of New Orleans, are
marvels of mistiness. They don’t ap
pear to know much more concerning
the condition of the cotton market
than the balance of us, and their
total crop estimate of 6,225,000 hales
has long since been decided to be vast
ly short of the actual production.
Congressman Candler says he is
in favor of the repeal of the excise
taxes; and in the same breath asserts
that he is also in favor of a thorough
revision of the tariff, so as to untax the
food and clothing of the people. The
esteemed gentleman is evidently trying
to run with the hare and hold with the
hounds.
Tiie Newnan correspondent of the
Atlanta Constitution has prepared an
interesting political slate for Coweta
county. What the esteemed corres
pondent of the Constitution doesn’t
know about county and district politics
would fill a large-sized book.
Griffn’s enterprising citizens are
taking steps to build another cotton
factory. Of the $125,000 required,
$50,000 has been already subscribed by
Major W. J. Kincaid and Captain Sea
ton Grantland, and the enterprise is
practically assured.
We neglected last week to acknowl
edge Editor Revill’s courteous rejoin
der to our “friendly protest,” but do so
now, and assure him that his explana
tion is entirely satisfactorily. We
merely wished to know what he was
driving at.
of the only means they could have of
gaining even the rudiments of an edu
cation. The parents of these children
are honorable men and women, pay
the tax demanded by means of
hard licks and close economy, and it
does seem but just that they should
have their proportion of the money col
lected for this purpose. But they say,
“Concentrate your schools and have a
better grade of teachers.” In theory
this looks feasible, (we mean tlie con
centration of the schools) but in prac
tice it will not work. Some of the
children, even under the oid law, had
to walk nearly or quite three miles to
reach a school. You see, children do
not live exactly where they would if you
were marking their supposed places of
residence on a board, and it was a dif
ficult matter to get even fifteen togeth
er in some neighborhoods of the county;
and now, after hard work, this is
obtained, they must needs raise the
limit to twenty-five. “You might come
to town.” Ah, my friends, how many
bright-eyed little boys and maidens
there are whose parents are not able to
“come to town.” They delve in the fields
day after day, their little children by
their side, working, working,from “early
morn till dewy eve,” until their crops
are laid by ;. then they think, as they
have paid their money to the State,
they will have the privilege of sending
tlieir little sun-browned children to
school. But, no ; they are met at the
very threshold by the mandate from
the honorable Board of Commissioners,
“Depart, there are not enough of you !
You have only twelve or fifteen of suit
able age among you, and we want you to
understand that we are working to
build up a better grade of schools. You
must join in with another neighbor
hood, and by this means raise your
number to twenty-five, and then we
will grant you tlie school; or, you can
just send them to town to us and we
will teach them.” “But, my dear sirs,
we are not able to pay the charges for
board and tuition; % we have, as we
thought, already paid for the privilege
of sending to this school for at least
three months; we have selected a
teacher who is deemed worthy by our
District Commissioners, and has been
declared competent by your honorable
Board ; and, since we have complied
with the law, and since the law, (as in
terpreted by some of our best legal
talent) allows you to recognize our
school, although numbering only fif
teen, we think it would he only just and
right that you allow us the small sum
per month that the county pays to
each school. As to sending to another
neighborhood, that is out of the ques
tion. It is only our smaller chil
dren that we can spare from their
work to send for any length of time,
and the distance is altogether too great
for our little ones.” Then the honora
ble Board of County School Commis
sioners, rising up in its might and pow
er, thunders forth the decree, “Thou
shalt not have it. We must raise the
standard of our schools. We, even we,
have declared it, and if yon cannot send
them to us and they are physically un
able to tramp to another neighborhood,
then they may grow up in ignorance.”
This sentence seemed to end the de
bate, though as the toil-worn parents,
with bowed heads, trudged to their
homes they might have heard the
words, “grand jury,” “investigate,” etc.,
muttered in low tones. Axon.
Always at tli* Front.
Dr. .T. T. Reese, of Newnan, has made
arrangements whereby responsible par
ties suffering with any of tne following
troubles can get their medicine on a
positive guarantee—no benefit, no
pay; „
Sallow Complexion ; T i i in Blood ;
Weakness; Loss of Appetite; A
bloated, puffed and WATERY condi
tion of Face, Legs and Stomach; Gen
eral Weakness; Shortness of
Breath, etc. Any and all Liver
Troubles; Sprains; Bruises; Cuts;
Wounds, and anything a Liniment is
good for. All these, and and troubles
for which Nunnbetteii Remedies are
recommended.
JEWELRY!
IMPORTANT!
Mr. James H. Campbell, proprietor
of the Macon Telegraph, died last Sun
day. Deceased was one of Macon’s most
enterprising and useful citizens and his
death is universally deplored.
W atches,
Clocks,
Silverware,
Spectacles,
Tableware,
Chinaware,
Dinner and Tea Sets.
Fine Glass Goods,
Chamber Sets, Water Sets,
and a thousand and one things
suitable for Christmas, Wed-
dings, Birthdays, etc.
Waterbury Watches, $2.50!
Clacks for everybody!
Specs for all eyes !
Watches, Clocks and Jew
elry repaired by experienced
workmen. Medals, Badges,
Bangles, etc., made to order.
W. E. AVERY,
The Jeweler.'
We have moved the J. S. ANDERSON SI OCR up to
our Greenville street store, which we shall continue to sell at
COST, and less, until the entire lot is disposed of. These
bargains will make your mouth water when you see them.
N. B.—By this communication no
reflection is meant to be cast upon any
one, but it may cause some to stop and
think if wrong'may not be unintention
ally done some of the little ones whom
God has bidden to “come unto Him,” by
closing the avenues of knowledge, and
shutting up from their comprehension
the holy Book of Life. A.
From a Druggist.
Palatka, Fla., May 31, 18S7.
The demand for Botanic Blood Balm
(B. B. B.) is such that I now buy in
half gross lots, and I unhesitatingly
say that my customers are all well
pleased. * R. Kerstixg.
J. I. & G. 0. SCR0GGIN,
Proprietors ol tlie
FARMERS’
SUPPLY
STORE!
We would like to know if Judge
Longley has decided yet he who will
run for Congress to succeed Mr.Grimes?
We are becoming somewhat restless
up here.
Hon. Thomas W. Grimes has been
elected a member of the Democratic
Congressional Committee.
10 Years With Rheumatism.
Newton, N. C., June 25,1887.
Gentlemen: I am pleasured in say
ing I have been a great sufferer from
rheumatism for 10 years, and I have
exhausted almost every known remedy
without relief. I was told to try B. B.
B. which I did after long procrastina
tion, ami with the experience of three
bottles, I am almost a healthy man. I
take it as a part of my duty to make
known your wonderful Blood Purifier
to suffering humanity, and respectfully
ask you to mail me one of your books
of wonders. Respectfully,
W. L. Morehead.
Take pleasure in announcing
to our friends and customers
that our stock of Dry Goods,
Groceries, Plantation Supplies,
etc., was never so full, and our
prices were never lower. We
have selected our stock with
an eye single to the wants of
our customers, and feel confi
dent of our ability to please all
who may favor us with their
trade. We keep a general va
riety of merchandise, compris
ing everything usually found
in a first-class establishment,
while our facilities for buying
enable us to offer advantages
to the trade that need only be
known to be appreciated. We
will sell either for CASH or
ON TIME, and respectfully
invite a comparison of goods
and prices with any house in
town. Give us a trial, just for
luck.
Parties indebted to the firm, either by note or account, muse
I
come forward and make settlement without delay. ALL past ;
dues must be settled in some manner. We cannot carry over
accounts unless satisfactory arrangements are made to that^
end. ^
ARNALL & FARMER.
THE PLACE TO GET THE MOST GOODS
FOR
THE LEAST MONEY
IS AT
J. R. HERRINGS!
J. I. & G. O. SCROGGIN,
West Side Public Square,
Newman, Ga.
MATTRESS SHOP.
Jackson Street,
Ctmuscments.
REESE’S OPERA HOUSE.
Fronting the Robison Hotf.t,.)
newnan, oa
ONE NIGHT ONLY !
Wednesday Evening, February 15tii, ai
3 O’clock.
[Communicated.]
Is It Right ?
The last Legislature passed a bill that
bears heavily against the schools in the
' rural districts. The minimum number
• of scholars required under .the old law
| was fifteen, and unless this number was
1 secured the County School Commission
er would not allow the children attend
ing such school any part of the fund set
apart by the State for the benefit of
the public schools. Now, under the
late law, as interpreted by our County
Board of School Commissioners, the
lowest number is twenty-five, and un
less this number is secured they pro
pose not to allow the children any
benefit of the school fund, thus killing
a large number of the schools of the
county, and depriving scores of children
! MR. OZIAS W. POND has the honor to an-
j nounee the only appearance during the
present season of the famous
BOSTON STARS
^
Comprising the following eminent Artists:
New Mattresses of all class
es made to order.
Old Mattresses repaired and
renewed as ordered.
All work first-class. Satis
faction guaranteed.
Your orders solicited by
WYLIE H. SIMS.
1888.
PALMETTO HIGH SCHOOL,
MEDORA hexson-f.mersox,
The Distinguished American Soprano.
PALMETTO, OA.
WALTER EMERSON.
The Greatest Cornet-Player Living.
RUDOLF KING,
Pianist and Accompanist,
NELLA F. BROWN,
The Most Gifted and Popular American
Reader.
Positively the Grandest Musical and Lit
erary Organization In the Country.
Admission,7uc; Reserved .Seats,?! 00.
i Tickets on sale at Reese’* Drug Store.
SPRING TERM WILL BEGIN THE FIRST
WEDNESDAY IN JANUARY, 1SS8.
Intelligent people, healthy location,experi
enced and conscientious teachers. Due atten
tion paid to the primary grades.
TUITION.
Primary grades, per month ?1
Intermediate grades, per month 2 00
HiEh school and collegiate grade*, per mo o 00
Board, per month $8 00 to |10 00
For particulars, address or consult
XHOS. H. MEACHAM, Principal,
Palmetto, Ga.
I lay down the broad proposition that I can sell, and am
actually selling, goods cheaper than any house in town, and
am prepared to sustain this proposition with irrefragable proof.
Observe the following, as a starter—
Will sell all-wool Jeans for 30c. per yard.
Ten cents is all I ask for the best Dress Gingham.
Dress Checks at 7 1-2 cents.
There is no such bargain in town as my 50c. reinforced lin
en bosom Shirt.
My stock of Gent’s Furnishing Goods can’t be beat, either
for style or selectness. ,
CLOTHING.
I am somewhat overstocked on Clothing and am determin
ed to unload. Am now selling good, stylish suits 15 per cent,
lower than any house in town. It looks ruinous, but time
flies, and I don’t propose to let the season fly away and leave
me with piles and piles of winter clothing on hand. Not if I
can help it. Overcoats are going the same way.
SHOES.
I have the best assortment of Mens’, Ladies' and Children’s
Shoes in town, both in fine and low grades. Everything
down. Will, sell a tip-top Shoe for $2.50 that has never sold
for less than $2.75 heretofore. A splendid Brogan Shoe
for Si.15. Every pair of Frank D. Weyldman’s fine Shoes
sold upon an absolute guarantee.
An attractive assortment of Hats, all shapes, shades, sizes
and prices.
I hav'e the goods and are bound to sell them. Don’t forget
this when you make up your mind to buy. it means a great
deal.
GROCERIES.
Am selling Flour lower than anybody. For the present II
can quote different grades as follows: Good, $4.50 per bar
rel: Fine, $5.00; Better, $5.50; Best, $6.00. In fact, I ha\ r e|
everything in the Grocery line, and am selling at rock bot
tom prices.
I am not trying to excite your curiosity, merely; am anx-j
ious to do vou good.
He that pondereth the^e facts will surely be profited. Tr>j
me
J. R. HERRING.
Salesmen—W.*T. Daniel and L. H. Hill.