The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-04-08
LOCAL MATTERS.

TEE ATLANTIC, MISSISSIPPI AND OHIo RAIL
ROAD CAsB--AEoTHER PosTroNBxENr-RH-
cEIvaR NOT APPoISrBp.-A crowd OF law
yers and eitizens gathered In the United
States Circuit Courtroom yesterday morn
Ing in anticipation of important proceedings
In the Atlantic, Mississippi and Ohio Rail.
road case. After Judges Bond and Hughes
occupied the bench Mr. 81. T. WickhaD, OF
counsel for the trustees under :be Sl5,0e0,-
600 loan, introduced Mr.. &. 8. Brown, Of
Lynchburg, who qualified to practice Law in
this court.
The following attorneys at law were pre-.
sent representing interests affected by the
suit: Judge W. D. Shipman, Of New York,
and Henry T. Wiekam. counsel for the for
eign bondholde.s Major Charles 8. String
fellow aHd Judge William j. Robertson,
counsel for the company; Judge w. W..
Crump, on the part of divisional trustee !;
Page q Maury, on the part of the Virginia
and Tennessee trustee; Judge Scarborough,
for the city of Norfolk; D:ewry Hinton, for
the city of Petersburg; E. S. Brown, for the
city Of Lynchburg; Raleigh T. Daniel, At
torney General of the State, representing the
Board of Public Works.
Judge Shipman said that they represented
the parties who hold five million in bonds Of
the ffteen-million loan. They came here
expecting to go on with the case on. their
motion for the appointment OF a receiver for
the road. He admitted that the default in
interest, except to foreign bondholdsrs, was
not large In the commencement OF tho
proceedings it was expected that the agent
of the foreign bondholders would atan early
day sail for this country. They had hoped
to meet him here, but had just received
telegram from the agent Of the foreign bond
holders in New York requesting them, In
view of the nonarrival OF the London agent
(Mr. Coliins), to ask the Court to continue
the ease. Judge Shipman thought that no
danger could attend delay. The agent OF
the English gentlemen will represent the
entire body of foreign bondholders. II here
he might be able to limit the questions to be
submitted to the court.
Judge Shipman asked that the motion for
q foreclosure and appointment of receiver
be allowed to lie over until the first Monday
in May, assuming that In the mean time the
condition of things will remain as they are.
Judge Bond, after whispered consults.
ton with Judge Hughes, said it would bs
difficult for him to get here on the irst Mon-
day In May :; the first Tuesday would be
better. ~
,.Jadge Shlpman replied that the day sug-
gsstsd by Judge Bond would suit them very
we'll.
Judge Robertson, OF counsel for the COM
pany, said they would apply the income to
the payment Of current. expenses. Ii that
was satisfactory they would offer no objec-
ton to the proposition; otherwise they
would resist the continuance.
Judge Shipman seemed to assent TO this.
The Court then made the order for the
continuance to the frst Tuesdsyia May.
Counsel for the company bad their an-
swer to the complaint of the trustees ready,
but did not file it. 1t is understood to otter
objection to the appointment of receiver
and to claim that the company Is solvent, and,
compared to many other railroad companies
of it's length, not greatly in default for in
| terest.
1t is asserted by some that before the time
set for the hearing in May the company will
succeed In efecting on understanding with
the foreign bondholders which will cause
the trustees to ask that the proceedings bs
dismissed or action thereon indefinitely
postponed. As far as could be ascertained
Yesterday no arrangement Of that sort hso
been made, or was likely 10 be made until
the arrival Of Mr.. Collins. 49,,
The name OF Hon. James 81. Platt con.
tinues to be mentioned In connection with
the receivership. He Is urged on political
grounds mainly, and has the endorsement
of very Influential Washington function.
aries.