New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-07-16

o RENEIYNRS FDR MANHAlTAN-


TWO RECEIVERS FOR MANHATTAN
EN-JuDGE DILLON AND 4. l.. HOPKINS To TAKE
CHARGE or TIE MANHATTAN CoAipANY's AT
FAI THEY GIVE BONDS AND TAKE POS
SIS 'ION OF TIE PkOPERTY-A TALK WITH
JUDGE DILLON.
Justice NcsthroOll held chambers of the Sd
Pene Court Yesic Gay forenoon Office OF AlcEgn-
Ger * Green, a. 40. 12O broadway. and pointed tyo
receivers ct tie properly OF the Manhattan Railway
company dGI.HS the pcuG,ucy OF the action recently be
gan hY tue AttoUiey-tracWl TO- dissolution of The
Company or She ground its insolvency. Attorney
General Ward appeared behalf Of tAe people David
Dadlcs I.oN ana - =. Bacon. for the Ncw-Yorl Ilc
vacl itar'ad Company. y j. Nandcrpoel and john j.
MrC"o,; for the Manhattan Company. sylvester II.
hnccand, Ficc-presidcnt of the Metropolitan Company,
and W. Il. McD1a-o, wac represented certain stock
hoGr3 Of she aia-lhattn Company also present.
Iho Attorney GcneIal WHO had announced the day be-
fore That ha w0Nh mako accommodations at 10 o'clock
; tnc oocvci snip. addressed the Court lie said that
W6ca iie application made tor the appointment of
receiver lie not prepared 20 make any recommends
zion u the pcraon Ia hc appointed thinking it his
duy 10 hear what the per Interested hal say,
90 DC u'c TO form Judgment All the persons inter
ctcl in the suit lad been invited his 20 APP
pear ana they had nitc in presenting ioar for
tic consideration .. ihc Coag among them were The
na'n' Of John L. Dillon and Amos Lawrence Hopkins
While he had known OF these in general way. and
had heard nothing &c their haIn, but had always heard
them h5hly spoken o. he had sta deemed it his duty to
to@S 20 the several compancs, ani to
ascertain particularly whether they had any personal
poeiary interest in any o. the corporations, his idea
bcn. THAT the receiver SOuld D, entirely free
such interest. The Elevated Roads being in
pertinent, he felt TOO. that tAc
ccyers should be persons cncntly qualified by capacity
ANA experience 10 take charge OF them M Dillon, be said
lawyer OF great eIuaence, who had given special
attention legal questions affecting corpor tions cad
had written perhaps the most comprehensive and
learned work corporations thai had been issued
in THIS country. EgaYb0l l. would cono1ls his L. .al
qualification and his hyh character aud Che
roccivcrhp hat at the time he lacked personal
aaJ practical experience in operating railroads which
the con iifions Of the trust would reqlire-he roads
being experiment, the structures i'll likelihood of
nocdfu rep:S In in luiriDS about Amos Lawrence
Hopkins he hal learned that he had no interest
in any OF the stock of tie cOrporaiiOn that he
cnHcnt railroad vccprcsiGcat Of the Wabash, ana
familiar with all the details of railroad business from
running lathe m TO attending to the duties of vice
president. lie prepared to commend these two
mon as receivers of the roa and thou ht that hc
would unite all the qualifications which singy neither
would possess; that thoy would in harmony, and
th@t between thcm there would be no discord or di-
Mid form - opposllion to the appointment of any
receiver IN addition to Judge Don manifested by
1r Ean.erp"rl, NJ kno,iand and Mr. McDoneai each
OF nom said hat me St"cn3aers whom he represented
would H best sats'ci WIN the APPOINTMENT OF judge
l?ulcn Alone Mr. ii Id said ttat t'o app intmcnt ~
either OF both WAS agreeable to the NoNcrk
pany bat il two were appointed it should ho understood
that the fees woald be just the there oly
judge Wosibrook said he thought it WAS \ proper
C"ic uthors}h the anrontmrr Of one iecy ' ~
more. He would appoint Judge Dillon ard Mr. Hopkins
ov-iuGsc 'on to have Nj Hopkins appointed with him
Than - serve alone NJ Bacon and M McCook hoh sub
mittc form o orter an! the formrr, with Nh Field
urged that the NcW-Yo:k and metropolitan Companies
the con.rrns q ;r Xxx iIc usual TSvs D't upon '
ia, receivers This was sirnronsly opposes ~ vac At
10rCy General AMI counsel for the Manhattan Company,
bnt was allowed by the Court
THE ORDER.
Following is hc form ofo;dcr adopted by Justice west
broOi:
It is on this l3h day OF Jny,l ssh ordered that John
T. Dillon and Amos L1wrenee Hopkins. both ~ New
ec lS eS r Of az the P'h hr 9" re-
Railway Company and that IL such receivers they have
power 10 collect and receive the ,lchts demands AMI
other property % the said Manhattan Railway Company,
and demands c6iec;ci to sell or ojnorT- d@goe Of
~ SAID properly rs and when directed thereto by the
CONT; 10 collect. receive and preserve the proceeds
ing authorized ~ this Court Tor either Of tiosc rur-
nay sAan also have power to orcratc the railways
hcla 'Y me Napaatta" Railway Compan. u:dcr l,ass
or Otherwise aud n1n"" the same. with all ''c ,urs
noY vested in t4o ,;.d Mammalian Railway COMPANY,
III WAYS; thcy shall AFe control o! all superintendent,
s.l ~ ii'n. -. ana 3 ''' fI in ;iri1 ,l '
officers and ca2o g.; they may have su' o'he* r1.crs
a. a'"h hereafter be conferred upon lcja hy order
o. .ne Court ia tbs action on their own Dpp,.-
ct'iea Or me al..c,iioa ,lher, Of III: prli,s
~ jha ",,io;l or re application OF 'Ac Nc"-Nurii
Ri. Fttei Railway Company, upon re"soHah.e notice
to ts don, d "a ne M ' Ne@}6lk III fcac ia.is
road Nomraa3 IND Neiry?oh,an Ei.ya,oI Railroad
subject 10 the control OF tbls c"!r; in This acton.
d.y al moneys received by tncin il SON, b.uk o" itis
company 81 sooi cr.dit in tAc Cly o. Nor%, aad
coia9any an that tAcy render accouns nontAJ 10 te
That the @prointioea Of sail receivers she'll taSe
People OF the state IF Nrw.Yori. in Tie al ,,, nf
O. p IL