Of its own volition last week Central of Georgia Railway went into receivership. It operates 1,900 mi. of track and a steamship service between Savannah, Boston and Manhattan. The first section of the road was finished in 1833. It ran between Savannah and Macon (191 mi.) and was the longest railway in the U. S. Outstanding against it are $58,000,000 worth of bonds. At Birmingham its lines connect with those of Illinois Central which owns all of its common stock. These holdings have been pledged with the R. F. C. as collateral on a...
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