New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-15
A RECEIVER APPOINTED IN CONNECTICUT A
AN INJUNCTION GRANTED HERE.

AN INJUNCTION GRANTED HERE.
Bridgeport. Conn. Jny 14.-The New-York and
NewEn gland. the lIousatonc and the Danbury and
N0rvalk Railroad Companies asked for the appoint
ment Of a receiver for the ew-I.ngand Terminal Com
pany The New York and New England owns 09o
shnrcs the IOusatonic 400 shares. and the Danburv
and Norwalk 40 shares of the Terminal Company's
stock II is alleged that none of the directors are
stochhoders that the company has transacted business
at a loss from the start and that. In addition to a
bonded debt OF SsOOO OO a large floating debt has been
accumulated.
In the Superior Court to-day Judge F. b. Hall APP
pointed L. s. Can, Of this city, receiver OF the New
England Terminal Company, only two stockholders
opposing the petition. Charles s. Miller Of Boston.
general manager Of the New York and New-Eng'and'
testified that he had no official knowledge Of the com
pany's affairs
Charles Parsons second vice president OF the same
road testified that tle total loss during the wear ending
January 81 last S71.i2i 81. while the total for
the past three years reaches S32i925 49, TO which
must be added the Of 10000 paid to the terminal
company by the Housatonic and Network and New
England. In April last the New-Engand road made
a loan to the Terminal Company, upon the request OF
the president c. D. Tedcraft. OF $4,000. The New
York and New England road holds 900 shares In the
Terminal Company. ana tn, Terminal COMPANY holds a
twenty Years contract with the New England.
NJ T. stone. secretary OF tie IloDsa'cnic read testi-
fed thnt on Aprii 30 last the assets OF the company
were Fl COZ .55I 10, and liabilities Sl,a3''ooo.
Justice Lawrence I'm TIE supreme Court. Chambers
Yesterday granted a temporary Injunction restraining
tho Uousaton,c and the New York and New England
Railroad Companies from taking possession OF the
New England Terminal Railroad Company, through
a receiver, who was appointed by the courts OF
Connecticut The terminal company was forinei
10 bring freight into this city TOT inc
IIousatonlc Company and the New-iork and New
England Railroad Company. The fousatomc anu '"e
New England roads paid for building the terminal
rn,d and AT its stock was held by these two compa-
MES Everything worked satisfactorily until the
fiOusatonc was absorbed by the New-HaNeh ro'A'
The New Haven road had terminal facilities OF It's own
md this fact crippled tire terminal company. and the
bondhoders under a mortgage took possession vi use
terminal company Then the New-iork and New
England and the IIousatonc Companies applied for a
receiver OF the Terminal Company. |he Termnai
COMPANY then came In and got this temporary In
,nnction The Terminal Company wants the Doho-
holders to remain In charge. ..
The alignment to make the injunction permanent
,yIr he und, on re.day next.
owing to trouble between the Long Isinho ..i..o t
and the New England Terminal Hop s OYSTER I Bay.
l.. l.. from brooklyn yesterday hlorh'ns d, - ,nr
did so beyond oyster Bay me ttaSeT on
anv was Mt her pier and the express was run on H.
hui CAPTAIN Bixby said H. had received Wou nov 20
cross To- Wilson's Point until further orders. AS .ne
cane Charles was still tied up at l .. m. me
passensrr, on the express were taken 10 New DIN
y special trn ana ,o2k me yorsl tralns Of
freight mr.. stalled at oyster lay. Inc Long lsinu
oicnl. aid that they did not know any reason or ,s
tranc Manager Informed Associated Press man mat
he Ind been tlephoning and tcegraphlng to the New
York and boston offices Of he Terminal np hI a e.
~ do so up u u o'clock