The comet. (Johnson City, Tenn.) 1884-1916, 1891-05-14
THE THREE C'S RAILROAD.
Receiver Chamberlain Makes Very
Encouraging Statement.
Charleston World, May 2.

Charleston World, May 2.
Receiver Chamberlain, OF the Three
C's, was asked by World reporter
yesterday how the affairs OF that road
were getting en-.
He replied that there was nothing
brilliant to report, but, as the result OF
all practicable economies and the clos
est attention to the work OF the road
on the part of its operating officers
ard employees, the earnings we've
showing quite good results. 1t was
not possible to greatly reduce expen-
ses in running the road just at pres
ent, because the road, at the end of
the March rains, was much run down
and out OF order. The great number
and extent OF bridges and trestles on
this road. all of which are now far
from new, makes the expense and
maintenance of the way very heavy,
relatively, in this particular What
ever the earnings, therefore, the pres
ent force engaged in repair and care
of the roadway could not be reduced. .
Still, he said, the results to the end Of
April will be, on the whole, encourag
ing, If not satisfactory.
"0n March II, he continued, "when
| took charge of the property, there
was due on account OF taxes in this
state over $4,000, all OF which was
overdue and charged with Is per cent.
penalties. The state authorities, in Il
fine spirit Of lberaity and good poll
cJ, RENTED the penalties. There was
also due for freight balances to con-
Meeting roads about $2l 900: and for
supplies purchased between Dec. TO-
1890, the date OF the appointment OF
the temporary receiver, and March IA
1891, the date OF my taking charge
over $4,000. Pay rolls amounting
each month to $1,000 fell due March
90 and April 20 Claims for losses
and damages to freight in transit
aver charges, shortages, etc, existed
to the amount of over $500
, by order Of the court made on con
5 sent OF the bondhoders Of the road
) $4,000 of receivers certificates were
issued to me April 5 to be usec ir
z paying taxes and freight balances
r These certificates were placed in New
/ York at p r, and the proceeds were
= used orthe payment of the taxes ant
e freight balances.
8 "In addition to this, and out OF tbt
y earnings OF the road since Feb. 20 last
s the pay rolls for the two months o
e March and April have been paid oil
d time and in full, and all the bills 70
i supplies ordered since March IA Tn
Is remainder Of the taxes have been paid
s as we'll as the chains for losses, short
rs ages, ETC., and all bills for supple
r, contracted between Dec. 10, 1890, an
of March IA, 1891. are now in process o
:. payment. In other words, with $50
8. 600 worth Of receivers certificates an
le the earnings since Feb %, last, th
re receiver will have paid on May |, be
is sides the monthly pay rolls AMI cui
ut rent bills for supplies, amounting t
le over $22,000-$46,000 OF debts COZ
N tracted during the receivership befoI
We March IA, when the present receive
er took charge.
le "0A May l, therefore, hope as n
MS ceiver, to be out Of debt, both on a
to count OF debts contracted by my pr
n decessor and by myself
er "For the next three or four montl
lr- | shall not expect to do much mol
ID than to pay our way, but with tl
I'd next fall business seasen / shall,
it course, hope to show some good r
lis suits,
m HIS Body Terribly Mangled.
ly A shocking accident occurred at the Uni
Knitting Mills, whereby Isaac Cox was hOrrih