New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-12-28
RECEIVER FOR n. Y. AND n. f.
THOMAS C. PLATT NAMED.
THE APPOINTMENT MADE AT ALBANY BIZ
JUDGE WALLACE.
PAPERS FILED SETERIL Days AGO.
INSOLVENCY OF THE COMPANY ALLEGED-ARGu
MENTS TO HAVE THE RECEIYERsliIP MADE
PERMANENT WILL rE HEARD on
JANUARY 10 ACTION ALSO
TAKEN IN CONNECTICUT
rBY TELEoRArH 10 THE 'KIBusE. ]

TAKEN IN CoNNEt lINII
rBY TELEGRAPH THE 'KIBUsr.l
Albany. Dec. 27.-Benjamin T. Tracy. Of Brook
lyn. ex-Secretary Of the Navy and Albert B.
Boardman, both members of the law firm OF
Tracy Roardnan e. Platt, of New-York. ap-
peared before Judge Wallace. Of the United
States District Court here, to-day. and asked for
the appointment Of temporary receiver FOR the
New-York and New-England Railroad Company.
In support of this application they submitted to
Judge Wallace volum;nous law papers alleging the
Insolvency of the company and the need OF ths
appointment Of receiver al once to protect the
property rights Of all persons holding the stocks
and bonds of the railroad.
Mr. Tracy and Mr.. Boardman suggested that
Thomas C. Platt who is one Of the directors OK
the railroad should be appointed Its receiver.
Judge Wallace. after careful examination OK
the papers, compiled with this request. speak
ing OF this selection afterward Judge Wallace
said:
This application for receivership fer the
New-York and New-England Railroad COM
pany has been pending before me for seVerai
DAYS When the application was originally
made I REQUIRED more evidence by the Fling OK
additional papers and proofs to justify re-
ceivership This is only temporary matter.
The application for recevership is only made
for the purpose of preventing the affairs OF the
companv disntegrating and thus the property
of the company being interfered with until the
matter can be argued and settled as to whether
II is necessary that a permanent receiver De
APPOINTED The application was made by papers
Yesterday, but | was not satisfied with then'
and so sent them back 10 the men VINO hieo
them and they prepared over again This
morning the papers again filed with me,
and | appointed Mr. Patt as receiver. 1t may
b, that a permanent receivership is unnecessary,
but that will be argued before me when ire
order to show cause is returnabie January ~:
The bondholders, creditors and shareholders OK
the company can be present at this meeting on
January 10 and will be heard by me regarding
their interests, and whether or not a perma-
ncnt receivership should be appointed
New-Haven. Conn, Dec. N-JUGge WlEam
X Townsend Of the United States District Court
has appointed William T. Hart. of Boston, tenn
porary receiver OF the NewYOrk and New-Ea2-
land road. upon the same grounds as those con-
taned in the application made to Judge Wailace
at Albany this morning. THIS action was
taken at the instance and upon the application
OF w X Loring. of Boston. and Charles I. fer-
Ixins of Hartford who appeared for the trustees
for the second mortgage bondE olders or the road.
These gentlemen reached this city early tnis
morning. and immeda tely upon learning OF the
appontment Of Thomas c. Plat By Judge wal wal
lace thew appeared before Judge Townsend They
stated that the property Of the road in the state
of Connecticut was likely to be tied up and Grip.
nIed Inv the attachments Of creditors. and moved
Mr. Uart's appointment. Judge Townsend look
tho rratter under advsenent for several hours.
and to-nght issued the order appointing Mr..
Hart.