The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-11-17

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rstennond AND Atlanta Airline.
Agatn--Arrivai of distinguished
Railroad Men.
TAtlsnla Herald OF the / 2th.]
This whole matter is SO complicated, and
there is SO much cross. firing, chat 1t would
REQUIRE o Philadelphia lawyer TO solve 1t.
But what we learn on one side Is about as
follows: Some twelve or fifteen days ago
commenced the first troubles in the Atlantis,
Richmond and Airline railway SO far as re-
Iates to Mr.. r. S. Garner, who was then
master of transportation on this road. Ii
appears that some one in South Carolina
who was not stakeholder was appointed q
director or attorney Eve forget which) for
! the road. About fifteen days ago g foreign
carr was loaded with coal to be shipped to
this gentleman free OF freight, whereas the
road would be required to pay $500 for the
cur: itself from here to Charlotte.
When MIR. Garner heard the CARLOAD OF
coal was TO be shipped without 8: bill for
freight he rebelled, and ordered it not to
60, saying that no man, no matter if he was
an officer of the road, should have carload
of freight shipped free over the whole
length of the road in g foreign car" when
the road would have to pay for the car to the
rosd it belonged to; for twas not just to
the Workmen on the road, who were then
three months behind in receiving their earn
ings.
This all eliminated last Saturday night in
Mir. Garner resigning his position and on
Monday morning taking possession OF the
road by virtue of deed from the sheriff. lie
di.elaims any intention to interfere with the
regular management of the road and running
of trains.
Major p. A. Wexford represents the an
tagonistic side to Mr.. Garner by virtue OF
being managing director OF the road.
We have no information from him. In
fact, all OF these railroad men are very reti-
cent about imparting any Information, and
this makes it the more mysterious and in
tereSting.
The merits of the controversy will be de-
I'lermined on The 21st of this month.
There is still another aud bigger fight
going on between the bondholders and
stock holders. And even there is something
behind this fight which we can't exactly di-
vine.
Amos T. Alderman is attorney for the
houdhcldcrS. He has filed bill in the
United Safes Circuit Court for the Northern
District of Georgia W bich is to be heard in
Sayapnuh on the 30th OF this month. This
bill is 10 forecl0se the first mortgage on the
whole road, and asks that a. Aus.el and K.
A. Lancaster be removed from the trustee
ship of the road, and that a receiver be ap-
poiu ed to take the whole matter in charge.
Yesterday morning at $40 special train
left Charlotte, N. c., stopped at Central sta
1iou three. quarters OF IN hour for dinner,
and arrived here last ght atj20--making the
two hundred and slXty-siX miles in less than
eleven hous-bringing the following dis
tingui,hed railroad men, Who are Interested
in the Atlanta aud Richmond Airline rail-
road to wit, Mr.. George 3. Roberts, Of
Philadelphia, first vice-president Of the
PENNSYLVANIA railroad General Samuel n.
Fenton, of Philadelphia, director of the
road; Colonel W. j. Howard, of Philadel-
paia, solicitor of the Pennsylvania Central
Major W. Z. Earle, of Greenville, S. c.,
director; Colonel T. Nj. K. Talcott, of Rich
moud, general superintendent of the Rich
mond and Danyle railroad; General Ii.
Hlupt, of Richmond, general manager of
the Piedmont Airline railroad; Colonel A.
S, Bulord, of Richmond, president of the
Atlanta and Richmond Airline railroad
and Colonel 3. 7. Sage, general superintend-
ent and engineer Of the Atlanta and Rich.
moud Airline railroad.
This bevy of railroad dignitaries have
come TO Atlanta with view Of devising
some means by which they can obviate the
Atlanta and Richmond Airline railroad
from passing Toto the hands of receiver.
The directors and stockholders in Atlanta
will no doubt confer with them. Whatlhey
90 will be done to-day, for they anticipate
retuin min. this afternoon at 6 O'Clock.
The Atlanta Constitution says 4: Two facts
are apparent:
1st. Seventy-odd miles Of railroad have
been bought up at sheritfs' sales under il.
faS. of 81 900 each, and are now in posses
sion OF the purchasers.
I'd. The move was made by the stockhold.
erS, and is directed against the bondholders.
The Hoyt combination say that they are
engaged in legitimate fight with the bond.
holders. If these YOraciouS gentlemen get
possession Of the road through their re-
ceiver, then it will 60 the way Of all roads
similarly situated. In 4 few years they will
run it down to nothing, and then bid it i'll
for their four millions of dollars, leaving
the unhappy stockholders high and dry.
The Hoyt party mean NO Reputation of any
Just debts, but they do mean that one side
shall not so assert their rights as to ruin all
the others. They are fighting for time and
for fair compromise. They claim that the
bondholders invested when railroad credit
Vas high up, and they should not push mat
tiers TO the wall in these hard times. The way
whereby they will try TO defeat the bond
holders is simple.
One thing seems to be admissible by all:
that bondholders to the amount ola little over
four millions OF dollars should not be per-
mi,ted to swallow up q road which cost over
twelve millions Of dollars unless some guar
antee is furnished to the equally innocent
stockholders.
THE AIRLINE TRoUBLEs.-Tkere is moth
ing new of interest to report day concern.
ing this muci-disturbed road. The condi-
ton of parties and affairs are about I'm.
changed. There was tremendous consult
ing during the day among the newly-arrived
dignitaries Of the Pennsylvania Railroad
Comnany President Bulord and Others