New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-11-04
LOCAL MISCELLANY.
ATLANTIC AND PACIFIC RECEIVERS AP-
POINTED.

ACTION OF UNSECURED CREDITORS OF TIE ATLANTIC
AND PACIFIC AND MISSOURI PACIFIC RAILROADS
At meeting of The creditors OF the Atlantic
an. Pacific and Missouri Pacific Railroads, held yeser
sy at the Fifth Avenue Hotel the circumstances OF the
application the appointment 81 receiver or the Tor
mer Company given by Mr.. Bowman, the attorney
for the County of 81. Louis follovs ON Monday last
Calvin Iitlenold OF NewYork bondhoder of the At
lantio and Pacific Road applied to Judge Treat OF st.
Louis 10 nppoin receiver Of the road. Judge Treat
ia the matter over till Tuesday when he determined 10
grant the application but decided 10 reserve the actual
appointment TN yesterday, in order that The parties IN
interest might II possible agree nPon persons as receivers
satisfactory TO both. Last evening private dispatch
from ST. Louis received ny Mr. Rechion, Treasurer
NJ St Ionis County he is in this city. This dis
patch was rom the attorneys of the county in a. Louis,
and was ~ follows Judge Treat appointed ~ receivers
Thomas T. Buckley of New-Ycrl, Oliver Garrison and
John II Beach Of ST. I5uis. We ore content"
The officers Of tho road hsV ing withdrawn from the po-
tition assumed on their behalf by Clinton b. Fisk have
determined to stand upon their legal and technical rights
IN the bankruptcy proceedings, aud accordingly formal
notice Of such proceedings has been served upon 'he
road through its representatives IN 81 Louis. MT BOW
man stated further that at informal meeting OF the
stockholders. held Tuesday evening at whch nearly
loOOo0O worth Of stock represented 1t was de-
termned 10 present TO The meeting oi unsecured cred
ilors be held today, resolution demanding the res
icnaton o. The present officers and directors of the Mis-
souri, Pacific Poad and complete reysal OF It's oreanza-
ton H. r. Vail trustee under he - ,o0ooo mortgage,
Ind stated 10 the attorney that all Of the Sl,cOoOoo
bonds were originally delivered Ia him that S1O30oO or
these ne dcV cred the railroad cunr ftseiN inS
- 70 take up the outstanding nons of Two pre-
Yious aus-thc 500 900 oar and the - oorouo loan
OF these he had taken up S.9O00O0 and there Remains
AuY outstanding S60J,OOO, aud he has now III nana
son 600 of tho 1000 600 bonds with which 10 redeem
IheIn NJ! Vail had said that mono of the bonds h&d N
fart sold unless those delivered to the company h.h
been disposed a. The others hal been hypothecaei 70
secure loans upon the Atlantic and Pacihc at ahout ~
cents the dollar Mr. i>k he said hac stated tbat tne
$500 O0O bonds delivered to the company had been sold
1T a. cents ia the dollar. ~,
Mr. Rcchtien received yesterday a letter from MT
Fisk who said at will not ~ pra, ncablc for me 10 ne
present the adjourned meeting TO be held tomorrow
tWensa aS our directors called IA inset at lnat
hour Mr. John BurIi is The cpmpany's attorney You
had better see him. At the meeting Of the Atianc ana
Pacific directors referred Ia q committee was appointed
10 take into cons Iteration the matters set form III the
communication of Mr. Rechticn 10 that body.