Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1892-06-06

Receiver Asked for the II. az ID. Il. Il,
The Central Railroad of Georgia.
through its board of receivers. filed q
petition in the United States Court At
Macon, Ga, on Saturday asking that q
receiver be appointed for the propcriis
of the Richmond and Danville Rail.
road, first for n subpoena against the
Richmond and Danvillc Railroad Com.
pany in the terms of the law; second.
that some right and proper person be
appointed receiver by the court to take
possession and charge of the railroad
property and franchises Of the said
Richmond and Danvillc COMPANY. and
to hold and operate the same under the
direction of the court.
The petition charges that the Rich
mond and Danville Company has been
in an embarrassed financial condition
for months past in New York, where
this and the other Terminal companies
are controlled and managed. II clt's
the efforts made to put the Terminal
on its feet through reorganization. It
charges that the Richmond and Dan.
vile has failed to meet in Georgia il
ordinary and current operating &C.
counts, owing its employees in that
State nearly 100000 when it abandon
ed the Central railroad, and the re-
ceivers of the Georgia court, by direc'
ton Of the court, have paid the in
debtedness to said employees Of the
Richmond and Danville Company in
order to relieve the pressing wants Of
said employees, nearly if not all OF
whom are poor men. dependent upon
the prompt payment Of their wages iof
the support of themselves and Their
families.
President Corners affidavit goes Oh 10
say he verify believes and so cbare-
that unless an immediate remedy IS az
forded by the grant Of an injunction
and the appointment of a receiyerto
take charge of the railroad property
and franchises of the said Richmond
and Danville Company, as hereinafter
prayed, there is grave and imminca!
danger of the loss to the orator of the
whole of its large claim against sad
company.
The most important matter in the pc
tition is the sixth complaint of the Cen
trail of Georgia. 1t shows that under
the lease the Richmond and panyliic
Company is indebted to the Central
railroad in the sum Of 8, 459, 670.21. ana
in addition to this, as the result Of tle
operation of the of Central road ana
other properties by the Richmond ava
Danville under said lease, q large nun
Der of claims have arisen and are now
unsettled for materials furnished anu
for other matters for which said kicl'
mond and DanYillc Company are iaoN
under said lease.
1t is further charged that the pan
vile company by falling to meet diu-
dends due to Central and Southwestern
stockholders, by failure to pay it. oths.
Indebtedness, and by diverting ireishi,
and other business from the CentT1
lines, has largely deprecated the value
of the Central stock. When the Da az,
vile took charge of the Central lh'
stock was above par. 1t had been Pay
ing to It's stockholders semi-annuai dl1
idends of 4 to 81 per cent, besides llaH
ing lis fixed charges and al other or,
cations. The company had a Just pro-
in its credit, and in this 1t has pten
largely damaged by the Danvilles NM
months control--to wit, in the sum VI
$500 600. or other large sum.
This application has created srca,
excitement in railroad and business Gu.
cles. Judge Speer, of the United ol sac
Court, has fixed June 18th as the ''''S
for the hearing.