New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-07
PACIFIC MAIL CLAIMS And DEBTS.

A CLAIM FOR 100000 GROWING our OF HE
sToCKwEIL MANAGEMEST-AN EFFORT TO REAR
RANGE FIXED CHAEGFs
A dispute has arisen between the Pacific
Mai and the Panama Companies. which has resulted In
q law suit Tie SUMMONS served on the Panama
Company Friday. IL is claimed ny the steamship
company that when A. b. stockwell was president OF
both companies he drew check on tho Pacific Mail
funds for nearly 100000 to be used by the Panama
Company IN return for which be give check OF
the railroad company: that this check was drawn
and was afterward removed from the steamship com
pany destroyed. 10 Is also claimed that every a.
tempt effect settlement has been met by refusal on
The part OF the Panama Railroad Company TO acknowl
edge the debt the latter company claiming that the ex
change check was drawn by Mr. StOckwel on his ndiyd
us account and that to HIM alone the steamship com
panv should look for idoncy. During the Civde ad
mnsration II is said that the directors instructed TIE
Executive Committee to collect the money from Mr..
stockwcl aud that Mr.. Barlow, his attorney, recon-
mended MIN pay IT, Mr. stocSwell subsequently be-
came btDkrupt and thc present managers 81 the steam
ship company have decided that the debt Is due by the
Panama Railroad Company. Suit has been begun to en-
force its collection.
A c,uge OF trouble TO the steamship company s the
steamship George W. Clyde. the bclne OF which ha'
been ordered IL claimed that under the administration
OF Mr. clyde temporary exchange was entered INTO by
which the Clyde Line 10 have the use OF the steamer
C1yde IN exchange the Wilmington aud money con
Alteration and the CFdes dec Inc 10 give bick
ne yesse The Clyde Of the vessels purchased
by Pacific Mail from the Panama Transit COMPANY
p cifc Mail. IA stated having given bill OF sale Tor
all he Transit Company property tO secure deDt OF
81 100000 10 the Panama Riiroad Company hhd no
legal standing IN original owner and ih"
Panama Railroad Company was asked 10 make applicd-
ton United states Court at Philadelphia Tor the
recovery OF the steamship clyde 1890 -. . ~,
The payment by Pac 1c Mail OF 100000 to tho
Panama Company take the four notes indorsed ~
Henry Hart HIS caused some comment. Mr.. PARK
CLAIM ed tnat tne s47J 800 due from Pacific Mail for 18TH
charges for ptembrr should br settled hrsl nnd
that OF the af notes Tor $4,000 should be renewed
for sixty days agreed 10 at the July settlement TINS
propos no. the Executive Committee OF Pacific Mail
declined 500 900 paid Overland the Hart notes
were cancelled, leaving Pacific Mai sill III arrears iOr
the liked charges for september. This amount.
the officers Of Pacific Mail declare Will be pad at once
IL understood that effort Ia to be made To rear
range the liked charges "a be paid To the Panama Com
pany II Ia claimed that In addition TO the s75oOO
agreed to be paid each month by the steamship COM
pany the lgiterage aud other extra charges III sep
mber increased the total ind btedncss To the Panama
Company for int month u over 100000. To settle
his matter the Pacific Mail Executive Committee
proposes that special Committee IRON each com
pIuy be appointed