The herald., 1893-02-26
ITS FINANCIAL CONDITION,
Receiver Crank's Report on the
Cable Road.
It Shows an Economical and Able
Conduct of the Line.
The Kegel Murder Case 5ummariIy Dis.
misssd-New Gases Filod-Nctes
Of Suits Which Were Con-
sidered Yesterday.

J. F, Crank, receiver in the case OF
Russell VS. Pacific Railway company ct
al, yesterday before Judge Van Dyke
made the following report, which was
received, allowed, and the receiver dis
charged:
The undersigned, J. F. Crank, respect
fully representa-
That he was, on the Goth day of Janu-
ary, 1891, appointed by this court in the
above entitled case as receiver OF all the
property, and also of the assets, OF the
Pacific Railway company in the state of
California, and has ever since said date,
until the Goth day of February, 1898,
held the said property and operated the
street railroads in the city of Los An
geles known as the Pacific railway sys-
tenn.
That he has received during his re.
.ceivership, from passenger earnings,
advertising and other miscellaneous
sources, the sum of $70S, ,055. SO; that he
has received from the Los Angeles Con-
solidated Electric Railway company the
sum OF 500, 1904, received under order
of the court, granting said electric rail-
way the right to occupy and use por-
ton Of the tracks of said Pacific Railway
company; that he has also received as
such receiver from sales of machinery,
made under the order of the court,
$4,000, and from various other sources
an amount which, added to the sums
hereinbefore stated, make an aggregate
of 1888, 1862.
That he has expended in the course
nj n ia =, fox 4,x,ep
expenses of said street railway the sum
of $616, ,844.49, and he's dlsbursed and
expended for the purchase of cables,
payment OF damages on account OF per-
eonal injuries, damages to property, for
taxes, license, street assessment, inter-
est, receivers certificates and expenses
OF the receivership, including attorneys'
fees, the sum OF S214 ,800.89, making
total expenditure Of $83l, ,645.3S, leaving
cash balance in the hands of the
undersigned of $1,501.44.
That the undersigned has issued, and
there is now outstanding, the following
receivers certificates: Two certificates
of $4,000 each, issued to Polk and Smith;
one certificate, issued to John d. Bick-
nell, for the sum of $4,000, and one GER
tifcate, issued to the Puente Oil com.
pany, for the sum of $4,000, aggregating
the eum of SIS, 200.
That there are now due and unpaid
liabilities, on open account, of $2S, 1888 rs ;
and there ia now due and unpaid upon
the pay roll the sum of $2.220.75, MAX
ing total indebtedness of $44, ,32904.
He further shows that all of the said
expenditures have been made under the
order of the court, and were made in the
operation of the said road and main
tanning the same in proper condition of
repair, and in making such improve
ments in the machinery as were neces-
Hary for the safe, convenient and econo-
mical operation of the said road, and the
said certificates were issued under the
order of the court; and said certificates
and general expenditures, go far as the
same were not met with the current re-
ceipts from the operation of said rail-
way, were by the said court ordered to
be charge upon the said property para
mount and superior to the mortgages or
trust deeds referred to herein and all
other liens upon the property.
The undersigned further represents to
the court that the sum of $1,000 per
month is q reasonable compensation to
be paid to the receiver in this case, of
which said amount said receiver has re-
ceived the sum of s12, 800; and the fur
ther sum of $12,500 should be paid to
your petitioner as compensation for his
services as such receiver, and that re-
ceiver's certificate be issued to him for
the said amount.
He further alleges that the sum of
$4,000 is, ss he is informed and believes,
reasonable compensation to be paid to
the attorneys for the receiver, namely,
John d. Bicknell and Chapman & Hen
bricks, for all their services for the said
receiver; that of said amount the sum
$500 in cash and q receivers certificate
for $1,000 has heretofore been paid and
Issued to said attorneys, leaving $4,000 to
be paid to said attorneys.
And in addition to the general state
ment he presents detailed description
OF the property of the road and an in
ventory OF the stock.