The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1892-06-21
TWO FATAL PENS.
RICHMOND AND DANVILLE THROWN
IN n RECEITERSUIP.
Struck Down by its Friends-The Security
Holders Alarmed-Judge Speer's Juris-
diction Feared by tho Road.

The expected has come-at an uneX-
pected moment
With the going down Of Thursdays
sun, the great Richmond and Danviile
railroad system was in the hands OF two
receivers. Judge Bond, OF the United
States circuit court at Richmond, made
the appointment On the petition of three
creditors and security holders Of the com
pany. These receivers are Fred w.
Huidekoper, of Washington, and Reuben
Foster, of Baltimore
At o'clock eastern time Judge lie nd
signed the order i'll RichmOnd and at
o'clock Atlanta time a copy OF the Hnh-
mond bill was filed in the United STATES
district court here Judge Newman rad
the bill and q copy OF Judge oonC S
order and signed the copy which is tenn
ed in legal phraseology an ancillary bill
that Is, an auxiliary or inferior bill. An
cillary bills are said to have been filed in
every United States district court through
whose judicial territory Tie Richmond
and Danville system runs. Ii there Is
any exception to this, Judge Speei court
probably has the distinction.
The receivership comes about in this way:
William L. Clyde, James Maben and w.
II. Goadby, of New York, loaned the Dan
while the Olcott committee figured on
plan OF reorganization. That was an
emergency loan, and it was understood ut
the time that these three parties were TO
be protected, matter what happened.
They say that they are tired of waiting for
their money, and feared that they would
never get Il cent If somebody else got a. re-
cever.
Afraid Of Judge Speer.
President Oakman and Mr.. Johnson
made no bones about it last night. just
before they left for New York, and while
said that the security holders were afraid
an unfrendy court would put the Dan
vile into Il receivers hands. That un-
friendly court is Judge Emory Speers.
Mr.. Johnson was classically sarcastic. lie
fegned surprise at first at the proceedings
in Richmond and declared that he came to
Georgia in order to oppose the Centrals
petition, which is set to come up before
Judge Speer today. Mr.. Johnson said that
he had speech already prepared, and he
tunity~ to deliver it III Macon. lie very
frankly admitted that tie court no
doubt, will regret that the speech has to
be carried back north and delivered.
MIR. Oakman said that he had hoped this
step could be averted He had feared,
though, that the security holders would get
alarmed at the attitude OF the Georgl;l
court and make this move. He attributed
the actlOn Oh lne security HoluciS 10 ILLS
alarm.
Packing Up.
Removal of the headquarters to Rich
mOnd and Washington seems to be q part
of the programme. A beginning was made
yesterday in the offices of the treasurer and
auditor and it was said last night that there
is not much worth attaching i'll the shape
of books, accounts or cash that could be
found by Il tinetoOtheG comb i'll the kiscr
building. President Oakmail- stated that the
removal would depend On the receivers, but
he would not be surprised II the hcadquar-
ters are transferred ut an early date from
Atlanta. Whether they will ever come
back he could not tell, but they may. as
this is decidedly the best point from which
to operate the system. All of this will be
settled by the permanent management after
reorganization. From his conversation II
was inferred that the present programme
j. TO hold the system together under n tenn
porary receivership until August 10th. by
u plan which will lift the company out. of
its slough of Indebtedness and plant 1t firm
ly on high, dry ground. Under Judge
Bonds order, the defendants, the Rlchmoud
and Danville and the Terminal companies,
have leave to move to dissolve the in
junction upon ten days written notice to the
compliments solicitors to that effect. I;v-
erything points to the conclusion that the
reccivershp is Il friendly proceeding by GER
tain security holders.
MIR. Clyde and Mr.. Maben have .,ean Gi-
rectors in the Terminal and the Danyille
off and Oh for years.
Old Officers Appointed.
Mr.. Huiehoper has been one of the Dan
viles vice presidents and is Il Danyllle man.
Mr.. Foster is general manager of the
York river line Of steamers. These steam
ers ply between Baltimore and West Point
On the York river, where they connect with
the railroad up to Richmond. Mr.. Foster
is thoroughly familiar with transportation
affairs.
Both of the receivers are practical trans
portation men and able ones.
The receivers expected to be appointed on
Wednesday, but the legal papers could not
be prepared in time The following orders
were sent out last night:
Office of the Receivers or the llchlhonu
and Danville RAILROAD Companymci ds ,i,l
United States for the eastern district OF Nir'
glnia, the western district of North Carolina
and western district Of South Carolina The
undersigned have been appointed receivers of
all the railroads. property. assets aud money
of said corporation, with instructions to take
property books, papers and accounts, and
hold and operate the said railroads.
In compliance with such DEGREES we nave
taken possession of all the system Of rail;
roads and property of said corporation. and
assumed the operation thereof as the officers
With the approval of the court the Office
of the receivers will be maintained at Wash
The following officers are hereby appointed:
w H. Green, general manager; Sol Haas,
traffic manager; John W. Hall, treasurer; NJ.
G. Eigg, auditor.
Their orders, as such officers, will be
obeyed and respected accordingly.
f. W. HUIDEKOPER,
REUBEN FOSTER
Receivers.
Richmond and Danyille Railroad Company
II. ". Huidekoper and Reuben. Foster; Re
ceivers. General Managers Office, Atlanta,
Ga. June 16 1892 Lettering to circular No.
l. issued by r. ". tiuidekoper and Reuben
Foster. rccei' rs, ] hereby assume charge of
the rail lines Of the system general man.
ager for the receivers.
Heads of departments and division officers
will be governed accordingly, and report to
this office as heretofore.
Station agents viii post this notice.
w. IL. GREEN, General Manager
What will happen to the Richmond Tcrmi.
nal and the East Tennessee is Il matter of
conjecture. All these properties are con-
troled by the same parties and that they
are smooth yesterdays developments would
prove, t. there was no other evidence.
Judge S'peer not in his district yester-
day, but was at Athens.
Here in Atlanta the news of the receiver
ship was received with dsnay. 1t was