The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-11-26
Report or the Receiver.

court the following report:
In the Circuit Court Of the United States for
the District Of West Virginia.- d. r. Rich.
ards and others Us. The Chesapeake and
Ohio Railroad Company and others.
In pursuance of the orders entered in this
cause on the 9th and 30th days of October
last the undersigned. the receiver thereby
appointed, respectfully reports:
/. That his receipts as receiver since the
date of his last report will fully appear from
the account herewith filed, marked No. I.
Your receiver has not deemed it necessary
to render separate accounts of his transac-
tions as temporary receiver, but has blended
them with those had since his appointment
of permanent receiver, the character and du.
ties of both offices and the nature of the
trans actions being idenlically the same.
THE NEW YORK OFFICE.
Q. On the 25:h of October last General
Wickham addressed to your receiver letter,
which was received by him on the 9th, ex-
planatory of the manner in which the books
of the company are kept at the Richmond
and New York offices. 1t is due to Mr..
Wickham that the information contained in
this letter should be presented TO the court.
His letter is accordingly herewith filed,
marked Y.
With this letter your receiver was fur
nishet from the New York Office of the CON-
pauy with responses to the inquiries ad-
dressed by him to that Office, and referred to
in bis report of October 22d. These papers
marked A, No. / i, B No. 2, c, and D are
herewith flied.
DIETS DUE THE COMPANY.
8. Your receiver finds that there are q
number of debts due to the company which
csnnot be collected without risk, and that
these are debts due to the company against
which the parties hold Offsets, but are will
ing to pay the balances due from them pro.
viaed tEeir offsets are allowed. He is ad-
vised by his counsel that he has no right 10
sue for these debts or to allow the offsets
claimed without the authority of the court.
This authority to adjust debts due to the
company, and to sue for such as cannot
otherwise be collected, is indispensable to
the proper management of the business OF
the company, and be respectfully asks that it
be conferred upon him.
SUITS AGAINST THE COMPANY.
4. Your receiver is Informed that there are
now depending in the Slate courts number
of suits in which the company is interested,
and his attention to them has been asked by
lEG vi VIZ Sohpnhys wv
letter of Fl. T. Wickham. ESQ.,, to John o.
yised that he has no authority to prosecute
or defend those suits without the authority
of the court. So far as your receiver is in
formed, nearly all of the suits pending
against the company are for the assertion Of
claims which do not constitute liens upon
the property Of the company, and that iD
the few cases In which liens are sought to be
enfored they are generally subordinate to
those created by the several deeds of trust
executed by the company which are sought
| to be enforced in this suit and the question
arises whether it would be proper TO appro.
pirate the revenues of the company, which
properly belong to the first lien creditors, to
| the defence OF such claims. This question
! be submits to the court for such action as it
| may deem right and proper.
DEFECTIVE TITLES.
| ). The attention of the court is also called
| to the fact that there are many titles to the
| roadway and other property of the company
| which are defective or unsettled. The re-
ports Of NJ. \. Miller Uhe land agent of tie
| company Of June 16 aud November 1S, S75,
are herewith filed. 1t is of the greatest i'm
| porarce that the titles Of the company
should be perfected as speedily as possible,
TO prevent the complications and difficulties
incident to deaths, removals, assignments,
&C., and to remove those sources of litigation
and bitter feeling, which might greatly i'm.
| pair the usefulness and success Of the road.
OUTLET FOR TRADE.
/ 6. The necessity for an outlet for the trade Of
| the Chesapeake and Ohio railroad has long en-
gagged the earnest attention of its friends and
| managers, and various projects for the accom-
plishment Of this cherished object have been
| suggested. The extension of the road to
deep water on the James or York river has
long been seriously contemplated, and sur.
yeys for both routes have already been made
By the company, as will be seen by account
A, filed with this report; and your re-
ceiyer is credibly informed that the company
has some time since contracted to purchase
lands foi this purpose at or near Yorktown.
A proposition has been made to your re-
ceiver by the Richmond, York River and
Chesapeake Railroad Company to make
connection between its road and the Chesa.
peake and Ohio railroad at joint cost.
This connection can be made by an extern
sion of the Chesapeake and Ohio railroad for
about one thousand nine hundred feet from
the eastern mouth Of its tunnel IN the city OF
Richmond, and the proportion Of the cost
which the Chesapeake and Ohio Railroad
Company would have to pay is estimated at
eight thousand dollars.
This would furnish the trade of the Chesa-
peake and Ohio railroad an outlet to deep
water on the York river, and would in
good measure meet the want so long felt.
Your receiver believes that such connec-
ton would contribute greatly to increase
the business and revenues OF the road, and
he has no hesitation in saying that he thinks
il ought TO be made. he submits the mat
Ter TO the court for such action as it may
deem proper. He finds also that it would
contribute to increase the business and reye.
nues of the road if SidtngS were put down
along the line of the road wherever deemed
necessary to accomplish its traffic.
PURCHASE OF MATERIAL.
7. Your receiver, ,supposiDg that be had the
authority to do so, has purchased IRON ana
other material necessary to keep the road III
repair. He is advised that be should report
the fact to the court, aud obtain its sanction
for what. he has done, and its authority 10
make such repairs of the road anu 2lner
property of the company as may hereafter
be necessary 10 put it in good order.
4 REFUSAL.
S. Your receiver would further report 10
the court that on the 18th OF tue present
mouth he made demand in person upon JAS.
j. Tracy, ESQ. the treasurer OF theChesapeaRes
and Ohio Railroad Company, IN the CITY OF