Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1892-06-18
The X. a. ID. Railroad.

Ncssrs. f. w. Huidekoper and
Foster, recently appointed by Judge
Bond, of the United States Court
receivers for the R. & D. R. r..
have issued a circular in which they
say: "In compliance with such DEGREES
gc have taken possession of all the sys-
TEN of railroads and property of said
corporation, and assumed the operation
thereof as the officers of said courts.
With the approval of the court the of,
flee Of the receivers will be maintained
ut Washington, D. c. The following
officers arc hereby appointed w. H.
Green general manager, Sol Haas
traffic manager, John w. Hall treasurer,
n. C. Figgauditor."
General Manager Green has issued q
circular in which he says: Referring
to tho circular issued by L. w. Huide-
koper and Reuben Foster, receivers, |
hereby assume charge of the rail lines
of the system us general manager for
the receivers. Heads of departments
and division officers will be governed
accordingly, and report to this Office as
heretofore
The order appointing the receivers
authorizes them to pay unpaid vouch-
crs, pay rolls and operating expenses,
but makes no statement in regard to
the interest due July LIST, amounting to
E7oO, 900, and permission will have to
I've obtained from the court before 1t is
paid.
A special from Washington says
Ncasrs. Huidekoper and Foster arc ex-
pected to meet in Washington on Mon
day, when the general offices Of the
Richmond and Danville Company will
be opened In the company's building
st the corner of Pennsylvania avenue
and Thirteenth street. The receivers
will consult with the general officers OF
the road about the management of the
property. Mr. Huidekoper is now on
his way from Atlanta to New York, ac-
eompanied by President Oakman.
4 prominent Baltimore %financier said
Yesterday that Drexel, Morgan u Co.
will probably reorganize the Richmond
and Danville by getting rid of the Ter
minal Company altogether. The Rich
mond and Danyilie. he added, sis all
right and will be able to take care OF
itself, but when the Terminal Company
was organized and obtained control OF
tho Richmond and Danvillo the COM
pany was overloaded with collateral
securities, which have swamped the
concern. Should itappear that the APP
poinonent of receivers oil the applica-
ton Of Messrs. Clyde, Maben and Goad=
by is unfriendly to the Baltimore hold
orr we will stand together and fight for
ourselves
The Baltimore banking circular o
Hnnbleton 4 Go. says:
.,fhe best thing tast could happen for tho
interest OF the Danville property and the hold
err of its sccur;tics is that a close alliance
should be made With either the Baltimore and
Ohio or the Pennsylvania Company. A,
present the Richmond and p7nvllle ano
Pennsylvania roads have . connection al
Washington and are working under train'
r~,ntract. There are, however. many private
and public interests, such as southern sea
hoard cities and steamship lines, which con
trol and influence traffic not always in the
best ~inicyests of the Danvllle company. Bsit'-
more should command q large portion of the
Trade of the South, and out of the present diff
,isllty may arise 3 elc7f connection between
this great southern line aad OUT CITY
Mir, Samuel Spencer is quoted as say;
ing To Measrs. Maben and Clyde: III
is out OF plane for me to give a definite
answer lust nosy 70 the invitation tf
Drexel, Morgan & Co, made by many
influential Richmond Terminal stock
holders, but I think my firm will I'M
dertake the task of recognizing the
property. What the plan of our house
will be should it decide t6 accept inc
offer ear only be formulated atter
conference. In the meantime ] can as
sure the reorganization committee thai
l am we'll satisfied with the physical
condition of their property. The equip
ment of all freight cars with patent
%couplers and air brakes was an eXpen
dve experiment, but it has produced {
higher standard Of efficiency than pre-
walls on the New York Central or Penn
~sylvania."
Bondholders of the company were
anxious about the July interest on theil
securities. Officials of the company say
that the interest amounts to between
10000 and $500, OO0, and the company
now has on hand about $4,000. The
receivers, however, have no authority
under the order of the court to apply
the funds to the payment of interest
but may apply for permission to do so
Yesterday was the day set by Judge
Speer, OF the u. S. Court for the Geor
gia district, to hear the motion for the
appointment of % receiver for the r. 4
y. road on an application of the Geor'
gin Central road. The r. & D. attor.
heys were on hand, and in view Of the
action Of Judge Bond entered % plea o.
Jurisdiction. Judge Speer spoke no. Q
word as to what he would do except tt
order that the case proceed. He ther
adjourned court until to-day.
1t was asserted in Atlanta last night
that if Judge Speer can get evidence
that will fasten upon Mcssrs. Oakmar
and Johnson, of the R. & D. Co., Ger
tain statements said to have been made
by them in relation to the unfriendli
hess of his court to the r. & d
road, that he will bring not only these
two gentlemen, but all the officers o
the Richmond ond Dopu;l1o i'm con,