Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-18

prompted him to make the suggestion to G

prompted him to make the suggestion to G
| T. Bowen, his relative, to enioin ths
| stockholders meeting of the Internationa
and Great Northern railway. company
He could not regal the details of Bonner I:
conversation. On his return from Austin
he was appointed receiver on Saturday af
| ternoon but requested time for conSulta
ton. He attended the meeting Monday
night following, at which Chiffon & Duncan
and others were present. The meeting was fol
| the purpose of discussing his acceptance o.
the receivership. He decided to accept it
1t was agreed at the meeting that Coloue
Herndon was to be general attorney, ant
Chiffon & Duncan general solicitors
Herndou to realize $4,000 and Chiffon s
Duncan each $500 per annum
These names were submitted 20 ths
court, but there was no direct order
of the court to pay these salaries. There
was no mention made of Z special master
There was no discussion as to the receivers
salaries. That was fixed in March.
Cross-examination by Finley. He wrote
to BelO * Co. in good faith,
and was acting in good faith when
he asked Duncan to file exceptions to the
masters report. After the return of Eddy,
and when he told Eddy about the matter
and the latter opposed an investigation, the
exceptions were withdrawn. There was an
citation and the Galveston News by
which the railways of the state were to pay
the paper under the head of advertisement
$4,000 per annum, but the main purpose of
the contract was to secure the influence of
the News in shaping legislation favorable
to the railways. He had no knowledge of
the injunction of the stockholders until
they were enioined by the attorney-gen-
eral. He had communicated the fact
that the Missouri, Kansas and Texas had a
majority of the stock of the international
and Great Northern in contraveEtion OF the
constitution of the state. To Mr. Gresham.
He never mentioned this fact to Goutd or
others, or he to him. He could not recol-
lect of having any injunction proceedings
against the Missouri, Kansas and Texas.
1t was the attorney generals vigorous
policy against pooling that resulted in the
injunction proceedings to stop the Missouri,
Kansas and Texas
Here the witness was withdrawn to
allow Judge Clark to testify as to the COM
pensation of the receivers, the general at
torneys and the special solicitors in the
railway receivership in which he was en-
plOyed.
Judge George Clark sworn, Intercepted
by Judge Duncan.-Hs was lawyer, had
practiced in railway litigation. The
reasonableness or unreasonableness OF the
salaries paid to receivers, general attorney
and general solicitors would depend upon
the length of the railway, the value of the
property involved and the amount
of business transacted. He did not
annum to the general attorney excessive or
$500 to the solicitor. The salary allowed
to the special master in chancery in the re-
Ownership of the ST. Louis and Texas mar
row gauge was $4,000 and at the conclu
sion of the receivership 5000. In the
receivership of the Cotton Belt"
the special master was first allowed $500
per month. Subsequently his compensation
was fixed for the entire period of the re-
Ownership at Sl3, 800 and expenses. The re-
ceivers of the "Cotton Belt" were allowed
$751; each per annum, paid by both roads
involved in the litigation. He thought the
International and Great Northern did a
larger business than the .'Cotton Belt"
Cross-examined by Alexander-In the
receivership he was connected with. moth
ing was said of the compensation
they We're to receive. He was not
prepared to express an opinion as to
the excessiveness or non-eXcessiveness
of the compensation allowed the receivers,
attorneys, ETC., in the present case. JEFF
Chandler was general attorney of the Cot
ton belt at a salary of so, 900 per annum IN
der the receivers. The Texas end OF the
road refused to pay him. Judge Cochran was
general attorney VI lne lhtefudtiohdl anu
Great Northern railway at a salary of So
900 per- annum.
w. B. Slosson of New Birmingham was
sworn. He formerly resided at Leaven-
worth, Kan, was then partner of Eddy,
one of the receivers of the Missouri, Kan
sas and Texas. He testified that Cross
& Eddy were appointed receivers
of that railway by United States
Circuit Judge Brewer at Il salary
Of mol ann nd
the year after the appointment were al
lowed in addition 5 per cent on 1900 600 they
had collected.
In reply to an interregatory if he testi-
fed from actua. knowledge, he said no,
from common rumor and what had been
told him by Mr. Eddy while we were part
ners
Col. Bonner was called to resume his tes-
timony, but the committee announced that
it was after the hour for adjourning, and
postponed further proceeding until 10 a. m.
tomorrow.
The committee met at p. M. to revise
and arrange the evidence taken.
Suit Filed Against the I. and G. n.
Special TO the Gazette.
TYLER, SMITH COUNTY, Ten, June IL
Suit has been filed in the United States
court here. against the International and
Great Northern railway by the Farmers
loan and trust company of New York to
foreclose second mortgage, subject to first
mortgage bond.
The excitement of the investigating case
runs high here, and NIcCord is much con-
cerned.
A Rumor Run Down
Special to the Gazette.
palestine, ANDERSON COUNTY, TEX,
June 11.--Rurlor had it to-day that Col. T.
r. Bonner. one Of the receivers of the In
and Great Northern railroad,
had endered his resignation, but after in
yesfiuatinn Nolll, lo1raSnnndent finds the