The daily Argus. (Rock Island, Ill.) 1873-1877, 1875-02-09

ford. Rock Island and st. Louis railroad i
company. fled a lengthy report in the \
United States circuit court, on Saturday.
of his receipts, disbursements, and pro-
ceedings during the month Of January /,
last. He has received during the month !
SIS, 1897. 80, and has expended during the
same time $76,290.92, which includes old
matters not heretofore entered on the
books. He had on hand
fsn in January sSssssss
s114,e55.47
Paid out in January in all ........ s9,5aO.1s
Balance on hand Jan. 31............. S25, 1883
Mr. Ferry then goes into details of his
proceedings since his appointment as re-
ceiver. He says that he has not, after
diligent search, been able to find all the
! cars and machinery mentioned in his first
report to the court. He says that he has
found bill for legal services amounting to
$7222l, which had been presented to the
company before his appointment. by Hen
ry Curtis, for which Mr. Curtis held val
liable property of the company as securi-
ty. This account was approved by the
company, and the court is asked to give d.
rections as to payment. A balance OF
$4,000 is due Joseph Gaskill, who has
been filling the Office of transfer agent at
Frankfort, in Germany, and whom Mr..
Ferry at once removed. Reference is then
made to several suits involving rights of
way and other interests, which are pending
in various counties.
Coupons amounting to $8l 900 have been
filed In the present suit by Max and Hen
ry Butte, Leo. Lehman, and j. ?. Shief,
who claim that they are entitled to a prior
in fha han dC Of <hn
receiver, but he says the books of the COM
pany show that the parties who have in
teryened In this suit have received over
81 ,4OO, 900 OF the company's money, and
he advises the claims should be resisted.
The supervisors of Schuyler county
have also obtained leave to be made par
ties to this suit, and have filed their cross
bill setting up claim which affects the
ownership of that part of the Rockford,
Rock Island and St. Louis railroad south
, of Beardstown. which is now in the re-
ceivers hands, and he has obtained an in
junction restraining the supervisors from
: prosecuting their claim in the Schuyler
|. circuit court.
e Mr.. Ferry has also been obliged to have
the advice of attorneys constantly in eX-
: Treating him from the legal difficulties
d which have surrounded him, and has con-
f tracted with them by the month. He has
+ found about 100 suits pending against the
!, company, and several in their favor.
He then goes on to show that the pre-
n sent condition of the railroad is SO bad.
l. and the track. bridges, etc. so much worn,
that in the spring it will be dangerous to
20 run the road. He does not know what to
~ do, as he has no money TO expend on re-
le pairs, and he does not think any money
10 can be raised. He appends a report. Of
P. DIN Bridge, carpenter of the r., r. 1.
i; Il St. Louis, which gives an idea of the
= work necessary TO be done to put the
road 10 order. Piles for the Illinois River
le bottom will cost $9,975, and an earth en-
n. bankment will cost $1,000. A truss
20 bridge at Sugar Greek will require an ex
y penditure of $1,000. The truss bridge al
u Indian Greek will cost $4,000. Ten othel
Is truss bridges will cost $780, One acros,
at the Illinois River will require $4,000
,r The Green River bridge will want 81,
600.
er The Rock River bridge has been wrong
ly located, and the removal will not cos
o. more than the repair. About $80.OO(
s must be spent in contracting for 200,OO(
ties during this and the two followin,
years Then $45. 900 will be required fo
or plates, etc., will cost $4,000. Again
he 200 miles of the road must be fenced a
- once, and an outlay of $4,000 will b
e necessary. Tools will foot up $4,000
no Unpaid taxes for 1873 aud 1874 amour
ks to S75, 900.
or MIR. Ferry is operating 1871 passenger
baggage, freight and way cars on agreemen
for payment of mileage; these are value,
Id at about $4,000, being somewhat worn
III Their first cost was about $ll7 800. Tn
nv t)tal sum OF the amounts required for re
in pairs is $500, 1926.
=, On the report being read by Judg
TX Blodgett, he referred all the items of re
ct ceipts and expenditures to Mr. Bishop
ras Master, for his report. 1t was furthe
W. ordered that the receiver should settle
- suit brought by John Lou and the tw
suits of Sarah Dodgson, together with
judgment of L. Fl. Gilmore against tn
road, The receiver was also to collect ev
~ dence as to the claims of Butte and other
on the coupon bonds aud present it to tn
ho court; and he was also to defend an
is claims against the company and any jude
Tr. ments for liens or taxes and generally t
of take such steps as might be necessary t
!" understand the claim against I'll. E
% Body. of New York, Mr.. Ferry was ais
ion allowed to take the sum of 81 1000 for hi
on services, as asked in his petition III
nm was also to pay his lawyers $3.50 pc
-, month for their services. With regard
aly the conundrum presented to the court
of to what he was to do about repairing tn
ain road for the spring business, the coul
on ordered Mr.. Ferry to expend any none
~ he could spare, over and above the oper;
ing Ring expenses, in keeping the rolling stoc
Sd a1d track in repair.
iii observation-disclosures
ISL Jonas Bears Clothing House is know
flo as the depot of the Racine, Wis, trun