Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-06-18

his presence could entertain the iuea OF
eolemnity or tho great gravity OF the Dan
viile's fate. He SAID that Messrs, Sraw-
ford and Clark, the lawyers OF Messrs'
Clyde. Msbsn. and Goadby. did 1t all"
When askcd by the Constitution reporter
If the Terminal had any complaint To make
of Judge Bondspromptness in appointing
the receivers, winch was akin to Judge
Speers promptness in the Centrals case,
Mir. johnson replied that no afhdavits
were attached 10 Mrs. Rowena Clarks bill;
When 1t was suggested that her counsei
MADE a.fidayits he remarked that such was
the case.
1t has been asserted tonight that II
Judge Speer can get such evidence "a Will
fasten the above statements upon Messrs.
Oakman and johnson that il Will bring not
only these two gentlemen, put
all the officers of the Eichmond
and Danville in contempt OF MS
court In that event he will take vigorous
STEPS to maintain the dignity OF his court.
vii proceed with the appointment of
receiver, and render Judge Bonds acton
as a nullity. He does not relish the IN
situation thrown out that his court was
an unirlendiy one.
REMOVAL OF HEADQUARTERS.
The removal Of the headquarters to
Richmond and Washington is part of the
programme. A beginning was made
yesterday in the offices Of the trea-
surer and auditor. and it was said
last night that there is not much
worth attaching in the shape OF books,
accounts, or cash tnat could be found by
fine-tooth comb in the kiser building;
President Oakman stated that the removal
would depend on the receiver, but ne
would not be surprised if the headquarters
are transferred at an early date
from Atlanta. Whether they will ever
come back he could not tell. From bis
conversation II was inferred that the pres
ent programme is to hold the system to-
gether under. temporary rccelvership
untd August 10th, by which time Drexeii;
Morgan 4 Co. may have plan which VIII
lift the company out OF its slough OF IN
deb.edness and plant it firmly ON high,
dry sround.
A Few DAYS ago il was reported that the
Dangille company owed the Western and
Atlantic $50. 900 on account of traffic bal
ancei. CLAIMS of this kind can probably
be collected. President Oakman stated
that the officers and employees would
not be disturbed. but the same
stan would remain. Salaries will be PAID,
II is sand, and all operating-bills incurred
during the past six months are 10 be pald
by tho receivers ont OF FUNDS III hahu.
Thess receivers. by the way, take charge
immc dately. Every bit of the Danyille's
property is turned over 70 them. They are
directed to deposit the Danyille's money
in Richmond. Washington, and New YORK
banks.
In Atlanta the news Of the receiyership
was received with dismay. IL was feared
that disintegration of the system might
follow. Mr.. Oakman and blr. Spencer had
raised the hopes Of all that the system
would bc pat on q strong financial OASIS,
and this may come early aiter sh'
There is q dread that this recelyershlp
Will affect ali southern securities, put Nr.
Oakman Is inclined TO hope that the en-
barrlssment will not be long continued.
Ever thing depends on the action OF the
underlying security The dlvl-
sional bondholders will probably take I'M
mediate steps TO obtain possession OF their
separate properties.
What Receiver Foster Says.
a New York telegram to the DISPATCH
says:
THE officers Of the Richmond and Dan
vile decline to say anything about the re-
cent developments concerning the road
beyond the fact that having been served
! with the order of Judge Bond they have
turned over the entire property OF the
| Richmond and Danyille Company and IT'S
| leased and controlled lines 10 the receivers,
| Messrs. Huidokoper and Foster. who have
taken possession of the same as ordered by
| the Court.
"Recelycr Foster arrived at the New
| York Office to-day. and at once took pos
| session. He said that as be had lust taken
charge he could make no statement be.
! yond remarking that they should proceed
| t. manage the property, under the order:
| of the Court, for the benefit Of all Interests
| concerned, and that practically all the
present operating officers would be reap
| pointed by the receivers. The parties wh'
| brought the suit under which the re
ceiyers were appointed had nothing fur
ther to aid to the statments made in the
| complaint.
"lLe order appointing the receiver
| authorizes them To pay unpaid vouchers
| pay-rolls. and operating expenses. nu
| makes no statement III regard To the III
| terest due July lst, amoutlng 10 @7O000O
! and permission will have to be obtained
| from the Court before this is paid"