Evening journal., 1891-04-22
CAPTAIN THOMSON APPOINTED
Receiver of the Baltimore and Eastern
Shore Railroad YesterdaY.

1hON1 AA@tAAbAN AGHt@fA@1s
Captain Willard Thomson. superin-
tsndent Of the Harlan aud Hollingsworth
Company Of Wilmington, Del, was yes
terdsy appointed receiver of the Balti-
more and Eastern Shore railroad, says
days Baltimore San The road is
admittedly insolvent, aud the appoint
ment WAS made by Judge Bond of the
United States Circuit Court, as the
various interests represented could not
agree upon receiver Captain Thomson
gave bond ia the penalty of $40. 600. He
was formerly receiver of the old Eastern
Shore railroad. running from Delmar TO
9ris6cld. until 1t was purchased by the
New York, Philadelphia and Norfolk
railroad.
The Baltimore and Eastern Shore rail
road has mortgage Indebtedness of
81 800. 600 and floating indebtedness of
$50, 600. The. principal creditors are
Governor jackson, who holds $50, 900 of
the bonds; the Annapolis and Short Line
railroad, a nominal creditor, and Joseph
Kicker & Co Of Maine. whose claim
amounts to S236, 900; the Atlantic Trust
Company. which holds $780, 900 of bonds T,
E L Tunis & Co, who claim SIC, GOO;
the Scranton Steel Company, whose
claim for rails amounts to $S2 600; the
Sassafras River Steambost Company, an
unsecured creditor for $500 Other
creditors claim $50, 600 Major Richard
NJ Venable was the counsel for the Bal
timore and Eastern Shore railway
Upon the application Of the Scranton
Steel Company Messrs Joseph Wilmer
and Charles e Kimball were appointed
Temporary receivers and bonded for
800, 600 each. The Atlantic Trust Com
pany was afterward made complainant.
After several fruitless discussions the
creditors were given until yesterday to
agree upon the receiver When the
court met Mr EvGrts said the creditors
had not been able to agree upon the per-
sonnel OF the receivership. He added /:
I'VE desire that the temporary
receivers be continued We OBJ
ject TO the appointment Of
Charles A. Coombs because he is man :
sger OF the Annapolis and Baltimore
Short Line Road We are willing that
Mr.. Coombs shall operate the road under
che temporary receivers. and that the
annual compensation shall be 50, 600 for
the three Mr.. Evarts read an affidavit
that the Atlantic Trust company, the
Jackson and Sharp Company and the
owners Of 150 bonds, the former owners
of the Wicomico and Pocomoke Railroad,
agreed to this arrangement
Mr.. Semmss said that Mr.. Combs would
sever his connection with the Annapolis
aud Baltimore Short Line Road and accept
the recsivership Of the Baltimore and
Eastern Shore road IL the compensation
was made sufficient.
Judge Bond said: 1T is a doubtful
business. l have thought the whole
matter over and cannot continue the
present receivers Neither side should
have the appearance of having an advan-
tage. Mr.. Wilmer is one Of the counsel
for creditor and Mr.. Kimball is q
creditor Of the DAD. The only one can
find who is entirely Indifferent Is Captain
Willard Thomson, the gentleman who
ran the old Eastern Shore railroad and
brought 1t out of its difficulties. | will
appoint him The necessary orser foI
the appointment Of Captain Thomson
was made out at once.
Captain Thomson was out Of the city
this morning when reporter Of the
EVENING JOURNAL went TO interview
him. The Jackson aud Sharp Company
mentioned In the foregoing, is not {
creditor Of the Baltimore and Eastern
Shore railroad. The company built III,
cars for the road, bat has no bills out
standing against it.