The New York herald., 1877-02-17
RAILROAD DIFFICULTIES.

NEW JERSEY cENrRAL-yUDon LArHRoP AP-
POINTED RECEIVER or IT'S PROPERTY IN
THIS srATE-ArrAcHMKNT AGAINST THE
COMPANY vAoArED-RUxoRs ON WALL
srREEr-DELAwARs AND HUDSON. MIL
wAUKEE AND ST. PAuL-xRI1 sEoRGAs1zA-
TON.
multiplicity Of rumors prevailed In she courts
yesterday regarding judicial proceedings said 70 have
been taken relative to the Central Rairoad OF New
Jersey. In the variety Of the conflicting statsmens
aud the lively ripple caused By tho varying rumors II
seemed IKE revival OF the exciting
times succeeding the appointment OF receiver OF
the Erie Railway Company. Bus two judicial actA
however, performed having any reference TO the
insovept colossal corporation The drs Of these was
the appointment BY Judge Donohue Of Francis s.
athrop a. receiver OF the properly Of the company in
this state As will be remembered, Mr.. LathroD was
appointed by the Court OF Chancey Of New Jersey re-
ceiver Of the company's property in that state in
suit against the road brought by she Lehigh Coal and
Navigation Company. The occasion OF the appoint
Of she same gentleman receiver OF the properly
Of the road In this state was suit brought by Ed
ward johnson 70 recover alleged loan Of some
$50, 900 10 she company.
An order was also granted yesterday BY Judge
Donohue vacating the attachment given against the
Central Rsilroad OF New Jersey In the suit OF John and
Robert J. Gray. such attachment vacated on the
ding OF q proper bond by Francis s. Lathron the
newly appointed receiver and upon consent OF Aessrs
Miller Peet Opdyke, the plantns' attorneys. the
motion IN the case being made by ny. r. W. De
Forrest the defendants attorney In connection with
the vacation OF the attachment there was given the
usual order 10 the Sheriff surrender the property
seized under such attachment
NEw JERSEY CENTRAL Oh THE STREET.
The report OF the meeting OF the stockholders Of
the New jersey Central Railroad taa rather para
wang effect upon the Wall street brokers' Before the
Board opened they had fully dgcsted me condition OF
the road and fearful efforts that had been mado
by the directors bolster u up and sustain pubic
confidence With these facts before them rather
general onslaught made on the coal stocEs and
ware and HUDSON was, NJ usual the
tral obecs Of attack with the bears, and
rumors OF . disastrous nature were rapidly circulated
through the street. Among the many that were
nasssG from mouth to mouth was one that within
past ten days the Delaware and Hudson bad effected
loan of $3.50 900 with the Bank Of Commerce. deposit
Ing as security bonds OF the Albany ana Susquehanna
and Rensselaer, and Saratoga railroads, Two OF their
leased roads. HYRALD reporter paid VISIT yeser.
day afternoon the President OF the Bank OF Com
merce. aud held the following brief interview
~ have called. SIR as reprssentatve o. Inc hkxtLD
and would ike TO know II the Bank Of Commerce has
made loan OF $500 900 to the Delaware ana Hudson
Railroad within the past ten days"
III is no business Of The HERALD or the public
whether the loan has or has not peen maze anu DO
cline 10 answer the question:"
DELAWARE AND HUDSON.
There s quite large party IN the street tnat Still
have great confidence In Delaware aud Hudson ana
saaIv State that report will be issued by the
necers OF the company that will show very substan
raj standing. On the other hand the reporter was
shown q statement OF the present condition that had
lar from an encouraging aspect IL gave the following
a. a. es AZ the actual capital which the company
interest which II also stated they had 70
securities TO obtain The required INTEREST,"