The herald and advertiser. (Newnan, Ga.) 1887-1909, February 10, 1888, Image 4

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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 The Central Railroad has withdrawn its offer of $7.50 per share for the minority stock, but we understand a syndicate has been form ed that will take all stock that may he offered at this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.