The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1873-01-23
THE Blue RIDGE RAILROAD.
Copy OF the Petition for Involuntary
Bankruptcy.


Copy OF the Petition for Involuntary
Bankruptcy.
A few days ago mention was made In TIE
NEWS of the filing of the petition Of Colone
James P. Low in the United States Court fol
the Involuntary bankruptcy Of the Blue Rldge
Railroad. This petition, through the courtesy
of Messrs. Corbin & Stone, Is now laid before
the readers Of The NEWS. A copy of the
petition was ordered to be served upon Mr.. J.
J. Patterson, the president of the road, and
the case was ordered to be heard on Febru
ary 1s. The petition is as follows:
To the Hon. GEORGE 8. Bryan, Judge of the Dis
trict Court of the United States for the Dis
trtct of South Carolina:
The petition of James P. Low, of the County
OF Rlchland and State of South Carolina, re-
specifully shows:
That he is creditor OF the Blue Ridge Rail
road Company In South Carolina. and tnat said
company is q corporation created by and ex.
isLing under and 10 pursuance of the laws ol
the State of South Carolina, which (said cor.
poration) for period OF twelve months nexi
preceding the date OF the fling OF this petition
has had and now has its principal Office at Co.
Iumbia. In the County Of Richland and State
of South Carolina, District aforesaid.
That your petitioners demand lsprovable
against the said corporation In accordance
with the provisions OF the act OF Congress en-.
titled IAN act to establish uniform system ol
bankruptcy throughout the United States,
approved March %, 1867.
That he believes that said corporation owes
debts to an amount exceeding the sum OF
three hundred dollars.
That your petitioners demand exceeds the
amount OF two hundred and fifty dollars; and
the nature of your petitioners demand against
the said corporation Ia as follows, to wit: For
one. draft drawn by J. W.. Harrison upon
George s. Cameron, financial agent OF said
company, for one hundred and twenty. five dol
lars, and accepted by the latter. bearing date
December 8, 1871, said draft being In the fol-
lowing form, viz: ,.o.,...., . ,o,,
$125 90. DECEMBER 8, 1871.
Pay TO the order OF Colonel Jas. p. Low one
hundred and tS enty five dollars, value received,
'HO 'A '''' '''' ~ !. W. HARRISON.
To Geo. g.. Cameron, financial agent B. K. r.
R. Co., y. O.
Said draft, on presentation thereof to said
Geo. 3. Cameron, financial agent b. K. K. K.
Co., 8. c., was endorsed by him as follows
across the face: Accepted; payable when In
funds of the company, Geo. 8. Cameron,
uubUCldt aSCulS oluO AhdoS As As' OSst "a ~ W
ALSO, for draft OF the amount of one thou
sand dollars, drawn by your petitioner upon
the financial agent OF said company, bearing
date December /, 1871, and accepted by Geo.
8. Cameron al financial agent OF said CON-
pany, said draft being In The following form,
viz:
Sixty days after date pay to the order Of myself
one Thousand dollars, vane received, and charge
the SINE to the account Of JAMES P. Low.
Chief Engineer Blue Ridge X. X. %.
To GEO. 8. CAMERON,
Financial Agent 8. R. r. R., Charleston, O.
FIFTY cents Int. Rev. Stamp affixed and cam
celled.l
Said draft is endorsed across the face
Cameron, Financial Agent B. R. R. R. Co. OF
b. c."
Tnat said company, although often thereto
requested, has not paid said drafts, or either
of Them.
And your petitioner further represents, upeu
Information and belief, that within the ak
calendar months next preceding the date OF
This petition that said company did commit
an act of bankruptcy within the meaning
OF said act, to Mlt: In that 1t has suspended anc
not resumed payment OF its commercial papel
within fourteen days, TO wit, that on the l6tf
day OF November, A. D. 1872, 1t neglected ant
refused to pay, and has not since paid, Ii.
amount due on drafts herplnbefors described
or either If them, to the holder and ownei
thereof, although payment thereof was re
queated OF said company by such holder anc
owner.
And your petitioner further represents
upon information and belief, that within si1
calendar months next preceding the date
this petition, the said company did commit al
act oil bankruptcy within the meaning OF sale
act, to wit. that on the hrst day of November
a1 fn NJ
|and has not since paid, the amount due upor
Fthe coupons OF Two hundred and thrty-one
bonds made and delivered by said company
for one thousand dollnrs each, said coupons
being two hundred and thirty-one In number
and In the following form, VIZ:
The Blue Ridge Railroad Company 10 Souti
Carolina will pay 10 the holder hereof; on tn
New York, thirty five dollars Interest due on ina
day on their bond No. u-o..u
$35 90 treasurer.
That said company, as your petitioner II
Informed and believes, Within the period afore
said, and within said district to wilt: on the
18th day of October, 1872, being bankrupt ant
lnsolvent, and In contemplation OF bankruptcy
aud insolvency, did suffer its property to ot
taken on legal process, In favor OF oLe Jonr
H. Green, of The City and State of New York
upon q Judgment recovered In the Suprem
Court of the State of New York, tor the
County of New York, in favor OF said john d
Green. and against said company, said judg'
ment, (s2O5, ll8 co., having been entered or
the default and confession OF said company
ln said action, with intent TO give preference
10 said John II. Green, Of the City and County
and Stale OF New York, and with Intent, b!
such disposition OF lts property, to defeat ant
delay The operation Of said act, all Of whlot
was done In the State of South Carolina ant
In the State OF New York, said company having
large amount Of property both IN the State Q
South Carolina and In the State OF New YORK
/ That said company, as your pelllloner ls ID
formed and believes, within the period alore
said and within said district, TO wit: On tn
23d day of October, A. D. 1872, being oanK
rupt and insolvpnt, and In contemplation o
bankruptcy and insolvency, did suffer 1t
property to be taken on legal process In fiVo
of one D. Crump Ormsby, of the city ant
county and State of New York, upon ludg
ment recovered in the Supreme Court OF Ne"
York. for the County of New York, 10 favor o
said Ormsby and against said company, salt
Judgment ($26,47S 52) having been entered II
default, and confession OF said company u
said action with intent to give preference G.. tt
salH Ormsby, of the city and county ana Stat'
of New York, aud with intent, by sucn olspo
sitlon of Its property, to defeat ana oelay Lne
operation OF said act; all OF when was oon'
In the Slate OF South Carolina and IN Inc S'al'
of New York, said company having q iarg
amount of property In each of said States.
That said company, as your petltlo0er ls ln
formed and believes, within the period afore
said and Within the Jurisdiction OF this court