The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1889-10-24
THE OLD RELIABLE.
Receiver Chamberlain Takes Charge ef the
South Carolina Railway.
News and Courier, 18th.

was appointed receiver of the South
Carolina Railway Company by Judge
! Bond, assumed charge of the road yes
terday AS in all such cases there is
desire to know what will be the policy
ofthe new administration, and espec-
tally with reference to the gentlemen
who will hold the best offices in the
appointment of the receiver, who stands
for the president and directors. Mr..
Chamberlain's remarks yesterday
ought to satisfy for the present not only
the officeholders, but those who aspire
to positions under the new manage
ment.
Ex-Governor c Chamberlain was found
yesterday at the office of Brawley &
Barnwell. Although quite busy he
agreed to undergo an interview. Mr.
Chamberlain, however, OWNED exactly
what the reporter wanted, and gave il
fuently and interestingly. In fact, the
new receiver gave an account of him
self from the time of entering the city
until the time Of the interview. He
said:
"You can say that I arrived in town
yesterday morning with Major Brawley
and am stopping at the Charleston
Hotel. Ats 9 o'clock ] called on Col.
peck at the office of the company,
where T took formal possession of the
South Carolina Railway. A notice was
Immediately ordered to be prepared
and posted reading as follows:
"'South Carolina Railway Campany, |
RICHARDSON, S. c., OctlG, 1889. !
" In accordance with an order of the
United States Circuit Court, for the
district of South Carolina, I have this
day taken possession of the South Caro-
lima Railway Company.
All officers and employees will
| continue to discharge their duties as
heretofore until further orders.
D. II. Chamberlain
"That notice." continued Mr..
Chamberlain, ''was posted at the office
and will be sent Immediately to all
the officers and employees of the road
at the different stations, and also to the
connecting roads; in fact, to all the
roads in the United States with which
there is probability that the South
Carolina Railway would have business.
II then visited the treasurer's depart
ment and had the bank account of the
company transferred to the receivers
account in the First National Bank. i
next visited the auditors Department.,
and directed that all the bonds of the
employees, which now run to the COM
pany, should be- transferred SO as to run
to the receiver. I then had some talk
with COL Pickens, the general freight
agent, and also with Mr.. DeCaradeuc,
the engineer and land agent. That
occupied my time until - o'clock, and
I then came here to confer with Mr..
Brawley, and with Messrs Mitchell &
Smith, and also to call at the First
National Bank toarrange the eaccounts,
disbursements, ETC., as received.
"Now it is, Of course, impossible and
it would be premature for me to express
any opinion in reference to the affairs
of the road. The earnings of the road
are certainly very large at the present
time. COL Peck informs me that the
prospect at present is that the gross
earnings up to the end of the present
calendar year will be over S1,3O0,000.
If that should be realized there ought
to-be a handsome amount of net earn
ings for the next three months. The
company turned over to me to-day in
cash about 81 400.
81 have found all the officers OF the
road extremely agreeable, and evidently
willing to aid the receiver in all possible
ways. I am also much gratified to find,
at the company's office, quite bundle
of letters from prominent business men
in this city, and in various parts of the
State, expressing confidence in my
management, and qualification at my
appointment as receiver.
II shall remain here and give my
attention to discovering the actual con-
dition Of the compapy's affairs until
Saturday evening, when I shall be
obliged to 60 to Washington to attend
to some cases which are to be argued
there on the 2lst and end inst. After
that I shall return as speedily as posi-
BILE to Charleston and devote myself to
the affairs of the company, as closely
and continuously as may be possible.
II may add that I have no intention
of being in haste to make changes or
removals in the railway force now
employed. Whatever changes are to be
made will be made with deliberation
and merely to increase the efficiency
of the service. Numerous application
for positions reached me in New York,
and I found another large number Of
applications awaiting me here fol
appointment and employment"
The foregoing was all that the re-
: ceiver cared to say at present. His
office will be in the room of the trea.
surer of the railway at the corner ot
Ann and King streets.
REFERRED TO THE RECEIVER.
To the Editor of The News anC
Courier: Governor Chamberlain will, il
is hoped secure for the South Caroline
Railway passenger and freight depot
: Immediately north of the Custom