The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1893-12-29
JUDGE FULLERT)

the Oregon Pacific K. r. business, hav
| first sent for Judge Bryson, the PLAINTIFF
attorney. He asked Judge Bryson whether
in his opinion, an order of resale should be
made now. Judge Bryson said: "No, not
until full notice has been given to the par
| ties interested" Judge Fullerton said that
his opinion was that resale should not be
had till May and that he would make the
| necessary order when he held his adjourned
| term of court in February and he desired
Judge Bryson to give the necessary notices.
Judge Fullerton proceeded to give judgment
on the motions and petitions for a new re.
celver submitted to him yesterday, and
then gave judgment as follows:
feel that 1 want, in this case, to do for
the best interests of all concerned, especi-
ally of the creditors of the road for labor
and materials, but am free to confess that
l do not know what is for the best. l have
sought advice from parties believed to be
competent and disiDterested, but after talk
ing with them still feel that don't know
what to do. The present receiver, Mr.. Had
| ley, took charge some time i'll March or
April On the assurance of a change 10
! ceivershp at that time certain bondholders
| in the east promised to contribute sum of
! SAC, 900 towards the debts of receiver
ship Shortly afterwards that debt was
paid. This court was not consulted by the
| receiver or his attorney as to its distrlbu-
| tion, which was done by them, as | said,
without consulting me. My own Judgment
is that that distribution was not right. l
think the creditors for materials should
have received their fair share. l am salts
| fed that the road has, for many months,
been running behind, in fact, that 1t never
has paid it's running expenses. l think Mr..
Hadley's management has not been ecOnom-
ical and that he has paid his attorney, es.
pecially. far too much, but the question of
to- day is: What IS to be done for the best
| interests of all?' / have been asked to ap
point Mr.. Frank Miller receiver, in MIR.
Hadley's place. say nothing against Mr..
Miller-I believe him to be a competent
| and trustworthy man-but there is another
consideration. l desire and shall order that
| full and complete accounts OF the receiver
| ship be at once filed and Judge Bryson will
| include that direction in his order, which he
| will draw up. There is but month until
| February lst, when 1 shall hold the ad
| journed term of court here and by that
| time shall expect the full and complete
account spoken of to be filed. My own
| judgment is that no one can carry on this
road to a profit and that it should stop,
but there are too many interests involved,
| of the men employed, and also of the resi-.
dents, both at the western end and along
the line in Marion county, and the prop
erty would he too much deteriorated by
being tied up for this cause to be consid.
ered except in last resort. The court will
therefore, allow the matter to stand over
until the first of February, at which time,
after full consideration aud a complete
presentation of all the facts. I shall take
some definite action.
The following bulletin was sent out to
the employees of the road Thursday by Re
ceiver E. w. Hadley:
EMPLOYEES BULLETIN.
To ALI EMPLOYEES AND MATERIAL MEN
The court having decided to continue the
operation of this property until such time as
it can again be offered for sale it becomes
the duty of all of us to calmly consider the
situation, and each one be prepared to do
all that lies within his power to protect the
common property which is the security, and
the only security, which any of us have for
ultimate payment of the sums now due you.
Wecan expect no aid from without-the prop.
perty must earn its own bread. 1t then be.
comes our duty-the duty of self-protection
to combine our efforts to make such sac
riices that the property will, if possible,
earn its own living. To this end the re-
ceiver asks the hearty cooperation of every
employe-of every man to whom this prop.
erty owes dollar. He feels that he will
meet with the hearty support of every em.
ploye in making such changes and reduc-
tions of force as may be necessary, in our
present cramped condition, SO try and bring
it's operating expenses within its earnings
E. w. HADLEY, Receiver.