The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-12-22
srADE THE ROAD PAY.
RECEIVER sheafe's Report on the
Washington Southern.
uAT pURyeAR FOUND GUILTY.
- Justified in shooting Young welch
Indictments for Smuggling
Mrs. Smith Loses.

N. sheafe. receiver of the Washing
.rn gouthern railway. now being operated
xsser the management of the stockholders
ed creditors, yesterday filed In the supe-
,ssr eoart bis final report from the date of
~ spuoinsment, February 1. 1866, 20 De-
e.mber IS together with his I'D and hnai
seecons current. The final report details
she actions Of the receiver from his appoint
,nen, and shows that the road urder his
arrangement has been operated with q
,usg. profit, while during the ten months
nreceding IL was operated at loss. The
surrent account shows a balance on hand
AZ 1874 in notes and cash, although
ths receipts fell below the disbursements
considerably, especially during the months
81 September, October and November. A
reorganization OF the account current is as
fosiows:
Casa on hand last report. .---....-.....ss .S5 -
r.ssip:. isom july 70 December m... s.ssS 81
Total fif,slo 05
Disbursements. July to December is soc Il
Balance on hand, cash aud notss. & s,sG7 o.
The account shows that of the balance
on hand ss.4l401 is in cash and the re-
Mason County Logging Company's note,
Cgiaso; Mason County Logging Com.
panv's note. s46i4s: Granger Lumber
company's note. 81. 5i2 40: various logging
companies accounts for October and No
yember, <l3s.4. In the final account the
receiver asks permission TO turn these
notes and accounts over to the railway
company for collection after his discharge
by the court.
In presenting his final account the re-
ceiver states that. counting the pFomissory
notes he mentions in the account current
|. cash. he had received from ell sources
up TO add including November 90, s4i, S5I5i,
and had dIsbursed s32. 1877, as shown by
the general statement appended which is
~ follows:
Receipts to November 90 Earnings
OF road. February. Si,2l07f: March,
t3.3733s; April. $3.is395; May. 81. 2lL4s;
June. S4,03s.19. July, 81 1908: August,
iseels: November. $3.50; total earnings
Of road during receivership. $50. 598.e9;
other receipts. bank loan 10 pay interest.
ti4. 70e. %; sale of logging cars, s.. $50; mis-
celianeous, s3.7o6.75; total receipts, s4i,-
e5L7i.
Expenses up to November 80. 1893
Operating road, February. $500 80:
March. So. ogl.62 Aurii, s.. 81; May,
Gss6.32; June, s.. a0.65; July, 81 OH; Au-
gus, 81. $500; September. S55os2; octo-
Der, S45i.ed; November. 1854 81, total
operating expenses. $i7.4s4b6: insurance.
1888: taxes due January !, Isg2, 81, d.. %;
interest on Northern Pacific contracts,
b,43i. labor. $3.50. 20: total expenses to
November 90 $s2.so7.67.
The receiver here explains that he has
never been able to operate the road at its
full capacity. but that during March,
April, May, June and July the demand for
logs was good and the road was operated
.. profit BY September I. however. the
demand had so decreased that between
Il .00o, 600 and q. o00, 900 feet of logs were
accumulated in the bay at the terminus OF
the road. and the logging companies could
no longer pay cash for freight. Since that
time he has deemed it best not TO operate
the road. which has been, therefore, prac-
tieally idle.
The receiver next gives table showing
the comparative cost of operating the road
during the ten months of the receisership
and during the ten months Immediately
preceding. The earnings during the ten
months preceding the receivership were.
according TO the table, Sol. 02s.3a. and the
expenses OF operation S56 l7i.i9 a def
cheney of 81. pa. 50; while during the re-
ownership the earnings were so. 59s. but
the expenses only si7.4si5o. a net earning
Of s.. ii4I3. unless from il Is deducted
ti4s4 10 expended by the receiver for legal
advice, reducing IL To 81 ,63003
The remainder of the final report Is de-
voted TO a statement Of the affairs Of the
road at present. An account of all the lit
igation the receiver il now involved in is
gwen; il is shown that claims have been
filed with the receiver aggregating s., "a
hone OF which have been paid: the repay
ment Of money borrowed from the First
National Bank of Seattle by the receiver
10 pay labor claims and interest has been
arranged for in the settlement with the
creditors, and other small matters yet re-
main to be fixed up.
In conclusion the receiver asks 10 be dis
charged after his repor. Is approved aud TO
be allowed no. less than So. 900 rs compen-
sasion, He also asks the court 10 allow
his attorney. Ill. II. Siauson, who has at
tended TO all OF the litigation. sl.isi as
BIS just fees.