The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-02-14
THE OENTRIL or MEN JrRsEY
An Application ror Receiver to be Made
To- Dny-Nc rrcnerl. On mi. LItx.

Tho collapse of tho Toei,,h and Wilkes
barre Coal Company had no very marked IN
ilucnrc ycnt rday upon the popular apnrni4r
Ilont ~ ia parent stem. the Nv Jersey Central
II has long been iclt that the lau r must soon 20
the same WY, and a. = as4uruna" bad 500 far
discounted the future that the cnnpany's -nou-
rites had tonchcd about the figure they would
command even ifthr u.arts Wrrc administered
by u receiver. that no great anxiety wig foli ~
know whether the proposed application for the
appointment Of rorcivor had been made
or not Mr. knight went to Phiiadcphia On
Monday night. and did not visit the company
oilicca yesterday. Nicc-prcsident Kanr also
WIS absent and the only Off 'cr oi urOintu 20 Nc
AT i19 IdDcity street WIS Treasurer kuoS lie
q Ct not uciiy that application Tor "a rorriVer Vt-
int"udet. but said he WAS net informed az It's
prOgr' ~.
A three dnys' search by the Sheriff for bunk
able funds sufficient 4, sat Isiy the sl}p'U att'uh-
mcni issued IN tie suit Of the Gray RrNh'rs
against the Central has resulted ~ bctg,arly
81 80 found in th" Bank ol Commerce.
Tho only proceedings rclat M, 10 tine appoint
inent oi receiver were had in Trenton y,st r.
day. Councillors Thomas II. MrCurt"r. Tor the
company and Abraham browning. tor the cred
TORS consulted at length last ching. and the
Chancellor ~ To- hear thor Application at $50
O'Clock this niorning EN-Chnnccllor William
son will probably b. appointed receiver
The Central Railroad OF New Jersey before
demanding a receiver for the Lehigh and
Nilk's"rr" Coal COMPANY, took cnrc 10 leHyc
~ renl property this side Of the Hudson river.
Zen years ago, when its property WIS at fun
Hood tide, the company bought nearly the two
blocks in West street north and south Of Liberty
street from james A. Hamilton. There
,Wcro warehouses, s,orehogses. and stables
thereon. the tenants of which rccog-
nizcd the railroad company their
landlord, and some who owned int rnediute
lots held 10 their ren estate. hoping to make
more advantageous sale 10 it. For some reason
the conVeyanres from Hamilton TO the railroad
company were not recorded. MIR. H. q. Knipnt
~ -uucd the Presidency of the road about three
months ago. AT that time he advanced the
company u large sum Of money To- relieve ia
pressing debts. He also purchased 1000 shnrc-
OF it, stock il il said, at IS, hoping a. tide the toad
Oyer it, cnhurrnssn mis- Boy an admini-trutip
of reform ana rotronchmrnt. II has since been
announced. although denied 10y Mr. Knight.
that he soon found the task " improving the
market value of Central more than even he
could a .'ompsh, and his stock pnssed into
other hands. Within thre" dnvs of the nuplica-
ton ~ the Jersey Central for a receiver Tor the
l. high and Niiknshari- Coal COmppuy, n COM
voynn'c was fled in the Register ono. lat a
October ld. by VIII b the Central = real estate N
liberiy and West streets Was conveyed to Mr..
J.. &. Knight Tor the consideration # 81 Ttcu--
ur'r Knox SAWS that ths H. all thr read estate
the company owned in this rty His "Nplana-
ton ~ that the properly WAS convey, - Mr.
Knight ~ secure his cash advances.