The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-10-14
THE CnESAPEAKERAILR
Why Il was Placed In the Hands
of u MISREPRESENTATION Of its
PFOpeFty-IIepOrt Of the Finan'
cInl Condition OF Company,


Why Il was Placed iu the Hands
of u INSTRUMENTATION OF Its
PrOpeFty-IIepOrt OI the Finnn'
cinl Condition Of Company
We published in the ISTELLIGEScER
of the 9th Richmond dispatch stating
that this road, which is very important
one to the people in the Kanawha por-
ton Of West Va, had been placed in the
hands OF Receiver. The road has been
in trouble for some time, and proceedings
were pending in Richmond in the United
States Circuit Court, at the instance Of A,
+. Richards, Charlotte i. Clark and
Morris Lowenthal, Of this State, looking
toward foreclosure Of the first mort
gage. On the 9th inst. Judge Hugh l.,
Bond set the case down for hearing
on the 29d inst, and the counsel Of the
company have been preparing their an.
swer for that date. On Saturday last the
company's officials were startled by hay
ing served upon them an eX parte order
signed by Judge bond appointing Henry
Tyson, Of Baltimore, Receiver, on the pc
tiiion OF Albert +. Richards. This order
was followed within few minutes by
Mr.. Tyson himself, who had meantime
arrived at Richmond from Baltimore
with a bond duly signed, and who entered
into immediate possession Of the road.
The reason given for these summary pro.
ceedngs is that there Is danger Of the
cOmpany's property being seized under
Judgments gained by floating debt cred
itors, but the first mortgage bOndhOlders
and the company claim that no such
seizures have taken place or were likely
to take place. The Tyson party further
say that their application was based on
the petition Of 10000 Of first mortgage
bonds, but this, too, the stockholders
deny, claiming that but $4,000 Of bonds
were represented out OF Slj,0OOOOO. The
utmost Indignation ut Judge Bonds ac.
ton is manifested in this city. It is
charged that the whole thing has been
done in the interest Of the Baltimore and
Ohio Railway Company, which would
gain by the ruin Of the ChesapeAk and
Ohio Road. Mr.. Tyson was formerly
Master Of Transportation Of the Balli-
more and Ohio. Road, and was at one
time Vice President Of the Erie COmpa.
ny. His sureties arc his brother, James
+. Tyson, wealthy merchant Of Balti-
more; Washington booth, Collector Of the
Port Of Baltimore, and Mr.. Small, rich
Pennsylvania, residing in Baltimore, all
OF whom have been connected with the
Baltimore and Ohio Road in the past.
Even Judge Robert W. Hughes, one OF
the Judges Of the Circuit Court Of the
United States for the same district rs
Judge Bond, was not consulted. Judge
Robertson and Mr.. II. 7, Wickham en-
deayOred to obtain from Judge Bond u
modification or reversal Of his order, but
IN vain. Messrs. Fisk 4 Hatch, the linan-
cial agents Of the road in this city, say
that the holders OF twelve millions Of the
first mortgage bonds have already signi.
fed their intention Of joining the stock.
holders on the I'D inst. in an attempt to
obtain reversal OF Judge Bonds decree
and the appointment Of a Receiver more
TO their liking.
The Chesapeake Il Ohio Railroad has q
total length Of iGj miles, exclusive OF six
private branches which tap it at various
points leading to coal and iron mines. Its
equipment consisted at the last repOrt,of
70 locomotives, 81 passenger cars, 8 sleep
Ing cars, II baggage, mail and express
cars, Z CabOOse cars, ] pay car, SIS box