Los Angeles herald. [volume] (Los Angeles [Calif.]) 1890-1893, 1891-10-09
THE RAILROADS.
The Rapid Transit Loses It's
Receiver.
The Board of Directors YeSter-
day Take the Road.
A Statement of the Financial COndi.
tion of the Company.
The Company Selects Its OfHcers-G ossip
About the Los Angeles and Pa
cihc-News Notes, Etc.


road was yesterday turned over to the
directors by Receiver Kerckhoff, he APP
pearing before the board and acknowl-
edging a receiptin full for all moneys
paid out by him as receiver.
The board then took formal possession
of the road, and appointed Mr.. Kerck-
hoff general manager. Mr.. f. @. Story
takes the Office of treasurer, which he
held before, and Mr.. Bryson resumes
his seat as president.
One of the directors, in conversation
with HERALD reporter, said that there
was almost a certainty now that the
road would very soon be made broad
gauge and be developed in many ways.
The road went into the hands of the
receiver on February 20, 1891, owing to
an accumulation of indebtedness and q
present inability to pay it. The re-
ceiver issued ten receivers certificates
of $500 each and sold seven of them. At
the time the receiver took charge there
was $2O69. 70 due employees.
During the eight months 10,099. As
was received from passenger earnings,
$3611.31 from freight earnings, and
$45l 20 from other sources, total of
$14, 161. 96; 81, 002. 73 was paid for delin-
ouent taxes, $440.76 for real estate and
right of way, $798.86 expended for con-
struction and repairs, $13, 773. 05 for op-
Grating expenses, $559.15 for engineer
ing, $373.69 for new tools. An engine
was sold for $4,000 and placed to the
credit side of the account. There is now
an aggregate indebtedness on the road,
including receivers certificates, of
1922. "a, besides Judgment of James
Gunner Of $500, which he has consented
to allow to remain against the road.
An order was made by Judge Wade
directing $500 to be paid the receiver
as his fees and $3.50 to the attorney of
the receiver for service.
THE LOS ANGELES AND PACIFIC.
A gentleman who is connected with
the syndicate which has taken possession
of the Los Angeles and Pacific railway
stated yesterday to a HERALD reporter
that, provided the new holders were
granted the franchises and rights of way
they wanted, the road would be re built
and equipped at once. The people who
will take hold of it have $250,000 ready
to use at once, but they will not do any
thing unless they are given good loca-
ton in Santa Monica.
NOTES.
The Western Union is erecting tele-
graph line between Ontario and Chino.
Frank Jaynes, superintendent of the
Western Union Telegraph company,
went north yesterday.
The people OF Fallbrook will hold a
public meeting next Saturday, to vote
on the question of irrigation and con-
structing railroad.
G. J. Shepherd, Southern Pacific
agent at Winthrop, returned yeste rday
from a visit to Hermosillo; he says
he only saw one man doing any
thing while there-he fell off a house
top.
General Manager Burnett, OF the Ter
minal company, went to Santa Ana yes
terday to confer with the people of that
place concerning their proposition to
carry the road to that place. If it goes
arrangements will be made for carrying
it further.
The Mexican youth Moreno, who
saved Santa Fe freight train from de-
struction above Yorba couple of weeks
ago by running down the track and tell
ing the engineer that dangerous land
slide INSTRUCTED the track below, has
been generously rewarded by the COM
pany. He has been given purse of
5000 and free pass over the Santa Fe
lines for year. The railroad has done
an exceedingly graceful act, and is en-
titled to credit therefor.
Manager 7. B. Burnett, of the Ter
minal railroad, has stated that if the
rails, which are being furnished by Chi
cago parties, would reach the city in
sufficient quantities, theroad could have
trains running to San Pedro within
two weeks. The road is now within two
miles of Long Beach. The bridge at
Ceritos was completed today, and track
laying across it will commence immedi-
ately. There will be seven stations be-
tween here and Long Beach.
A rumor that the Pomona and Elsi-
more railroad, which has been built so
often on paper, is about to materialize,
is again in circulation, says the Ontario
Observer. Though the rumor exhales a
musty and chestnutty odor, there are
some who profess to give it credence,
and say that in a short time the road
will be built from North Pomona via
Pomona to Chino and Rincon. Chino's
next railroad will be branch of the
Santa Fe, which will run from North
Ontario via Ontario to that point.