The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-01-18
TO OPPOSE A RECEIVER.
SAVANNAH HOLDERS OF MARIETTA
AND NORTH GEORGIA BONDS.

J. Randolph Anderson TO represent
Them at the New York Meeting -
Mai a L. Hartridge's Deal IN the
Bonds s. Nearly $500, 900 Of Them
Held by Savannah Banks as Collat-
eral-The Knoxville Southern.
a nesting Of the holders Of the bonds Of
the Marietta and North Georgia railroad
was held yesterday at the Office Of Den
mark, Adams & Adams, TO take action on
the application for receiver for the road,
made in Atlanta several days ago, and
which was reported in the MORNING NEWS
az the time.
The application for receiver was made on
account Of the road failing TO pay the
January interest on its bonds. The ques-
ton will come up before the United States
judge in Atlanta tomorrow, and il the road
Can prove Itself solvent and able 20 meet its
obligations the application will be dismissed,
otherwise receiver will be appointed.
The bondholdsrs Of this city authorized J.
Randolph Anderson, Esq, who is in New
York, to attend the meeting Of the bond
holders there Tuesday, and 10 vote the bonds
against the appointment Of q receiver. II
a receiver must be appointed, however, Mr..
Anderson was instructed to vote for j. B.
Glover.
5000 HELD BY MAI. HARERIDGE.
Something in excess OF $500, 900 of these
bonds were held in Savannah by Mai A.
l.. Hartridge, the majority of which are dis
tTibuted in five banks as collateral for loans
Maj Hartridge gave the banks drafts on
the New York agents Of London parties, to
whom IL is understood he had made a sale of
$500, 900 of the bonds. The drafts, with the
bonds attached, were forwarded for pay
ment, but came back protested.
About this time Maj. Hartridge met with
severe accident, which, up to the present,
has prevented HIM from transaeting any
business, and, as a matter Of course, moth
ing has been done about the protested
papers. Everything is in abeyanoe. and.
1t is thought, will remain SO until Mai
Hartridge RECEIVERS.
THE KNOXVILLE SOUTHERN.
A Knoxville TENN special of Jan. 16 to
the Constitution, says: No new develop
rnents have taken place under the bill fled
in the federal court asking for a receiver
for the Knoxville Southern railroad.
The local creditors held meeting yester.
day, but IL any definite conclusion was
reached 1t was not made public. The COM
pany owes Knoxville merchants and con.
tractors in round numbers S250, 900. and the
belief is general that the local creditors
will resist the federal court application for
a receiver. A bill is now pending in the
Knox county circuit court, filed by some
bridge builders Of the Knoxville Southern,
asking for receiver.
ANOTHER BILL FILED.
Late this evening another bill was fled in
the federal court in the Knoxville Southern
or Marietta and North Georgia railroad
case. The Central Trust Company has an
application for receiver pending at At
lanta, aud an ancillaEy bill here. To-day
contractors of North Carolina,
filed a bill In the federal
court asking that the Central
Trust Company be enjoined from selling
the Knoxville Southern, and that it be not
allowed receiver under its bill. The cred
itors then ask for receiver. and for the
sale Of the road. to meet the claims of the
contractors who built the road. They insist
they have the first lien on the road and
prior 10 all other liens.
WHERE THE LIABILITY COMES IN.
1t will be remembered that tue Knoxville
Southern, recently and since completed.
was consolidated with the Marietta and
North Georgia road, and under the name Of
the latter. The bill alleges that the Knox
vile Southern is FIRST liable to its contract
ors, who built it, regardless Of any debt
there may be on the Marietta and North
Georgia. An order has been made by the
court here requiring the Central Trust Com
pany of New York, whose ancillary bill was
first filed here, to come forward and be
heard at the same time as plaintiffs in bill
to-day. A copy of this order will be sent
to the United States clerk In Atlanta.
EAGER's BIG CLAIM
1t should be stated that George r. Eager,
who, as contractor, built the road by sub
letting it, has an application for a receiver
pending in the Knox county superior court.
He alleges that the company 10 indebted to
him for S400, 600 This claim Eager has as
signed to s. B. Luttrell, local creditor, for
the benefit of the contractors who sub-let
from him Eager), and the local creditors
have determined TO resist to the last ex-
IRENE the application Of the Central Trust
Company Of New York, and much litigation
may arise.
A number of smaller contractors have
bills pending in the various counties of Ten
nessee, along the road, asking for a receiver.
The bill fled to-day seeks to have them
brought into the federal court here, as COM
plainants, and this will probably not be re.
sisted by them.
The total amount of the claim seems to be
thus The Central Trust Company on the
combined roads 100000; @. r. Eager on
Knoxville Southern, S400, 900; local cred
itors, $3.50, 600; creditors in other counties in
Eaqt Ton ,aa.oa cog nO0 The aaOa WAN he