The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-09-28
ANOTHER RAILROAD VAR.
All the ElorsAa Railroads in the Hands
OF Receiver.

We copy the following from the Jacksonville
Union Of Thursday:
Yesterday before Judge Knight, q petition
vss filed. In the following suits brought on
Saturday last. praying for an injunction and
the appointment of receiver to take lmme:
date possession Of the P. j. g.. the +. A., and
g, c.. and the Tallahassee Railroads. The
suits we're brought by the county commission
ers of Columbia County against Geo. W. Swep--
SON, Edward Houston. james D. WesSosS; + and
the Railroad Company, and by James ID. Baker
and Wilk Call against George W. Swepson, Mil
ton s. Lattlefeld, Franklin Dlbble, Calvin b.
D1bble, John P. Saunderson, Edward NJ. Che
ney, John L. ReQua, Alonzo Huling and VIM.
Il. Hunt, joint purchasers OF the Pensacola
and Georgia, and the Tallahassee Railroads at
the sale By the trustees Of the Internal In
provement Funl
The bills fled in both cases by the COMPLAIN
ants charge the most unprecedented and ag-
grsvated frauds upon the private rights OF the
taxpaying people, and upon the public interest
of the State, and allege statements showing
the most slnlful and deeply planned coluslon
and conspiracy on the part OF swepson and his
associates, and OF the purchasers OF the +. a.
and G.. G. Railroad in 1858. Judge knieht
granted the Injunction prayed for in both suits,
but reserved the appointment OF receiver.
We understand that Mr.. Swepson, Of North
Carolina, is In possession Of both the roads,
and that the other purchasers OF tho ?. and
G. Railroad have disposed Of q con:rt Hing in
terest in the road to HIM. 80 that virtually MIR.
STspson il the owner Of the whole line of rail-
road from Jacksonville to Quincy and 81.
Marks; the purchase Of the +. A. and g. G.
Railroad having been secured as is c arged,
for 81 II 600, against the original cost OF about
81 100 OOO, and the P. and G. and Tallahassee
Roads, which cost $S 10000 for 81. .450, 900 OF
bonds purchased OF Swepson and Houston at
ohort thirty ner cent or abOut 1886 900 and
received by the truste es at psr value. Besides,
more than million acres of land Is granted
20 said purchasers by the recent charter.
We do not pretend TO elucidate precisely the
facts alleged to have attended these sales; but
it is charged that 81 .000, 600 of the bends pur-
chased 81 about thirty per cent. were turned
over to the trustees at par value; and the re-
naming $3.50, ,000, due op the purchase money,
has been paid by o mere transfer OF receipts
between the purchasers and the trustees, the
former being constituted the agents OF the
latter TO invest that amount, as provided by
law, on the interest OF the sinking fund, and
the investment has been 80 made, tits alleged,
by equally as fraudulent procedure, resulting
in the passing OF no money whatever to the
State irom the purchasers.
The purpose OF these suits, it is claimed, is
to make . complete exposure OF what is
charged to be Wholesale SCheme Of fraud and
eorruption attending the sales OF both roads,
and closely interviewer With their entire opera
tons. ,.-
A. Docray, Wilk Call. Z. M. Thompson, and
william n. Ives. appsar as counsel in both
cases.
Since writing the above we learn that Judge
knight mas appointed Captain James W. John
son. OF Monticello, receiver, and granted an
order to take immediate possession Of the
roads, and TO operate and manage the same.