The Providence news. (Providence [R.I.]) 1891-1906, 1893-12-28

Judge Wallace said the order was
granted preceding an application for a
permanent receiver, which will be argued
before him Jan. 10, when the bondholders,
shareholders and creditors could be
present to prevent disintegration as q
result of attachments upon the rolling
stock and other property of the road.
Mcleod Surprised.
NEW YORK, Dec. 2s.-Nobody in New
York was more surprised than A. A.
Mcleod, president Of the New York and
New England railroad, when the startling
news reached his Office in the Equitable
building, about noon yesterday, that ex-
Senator Thomas G. Platt had been ap-
pointed temporary receiver Of the road by
Judge Wallace of the United States cir
cult court in Albany.
The restless and irrepressible fnancier
bit his lips in ill-concealed anger. The ac-
complishment of the receivership is con-
sidered something of brilliant coup on
the part of the other astute politician and
millionaire. The movement was kept so
quiet that Mcleod did not have any hint
as to the blow which fell upon him so sud-
denly. Certain Wall street operators were
in the secret for several days.
Could Have Raised Money.
President Mcleod said: II had no more
idea than the man In the moon that ap-
plication was to be made for the appoint
ment of receiver. There was no need for
such step. The company required only
$500, 900 or $500, 900, and could have raised
that amount. i pulled the company
through before, and could have done 1t
this time. had not begun to try Other
people have their say now. i shall have
mine later. The end is not reached by any
means.
1.-The receivership for the New England
does not prevent its leasing the New
York, NewfNgland and Northern. The
stock voted on this lease is by holders of
record Dec. >l3. There may be interfer-
ences with.~lhe lease, but its legality
stands. Ivote over one hundred thousand
shares in favor of the lease, which shows
that majority of the stock is in my
hands"
Not JrfrIenaly to the Road.
Thomas c. Platt was seen at his office
in the United States Express companys
building. He said the affidavits on
which the application for a receivership
for the New York and New England COM
pany were based set forth the manage
ment of the road and it's present insolvent
receiver should not be appointed was re-
turnable jan 10.
"1'his moye,n said Mr.. Platt, should
not be regarded as an unfriendly one IL
was deemed advisable TO conserve and
protect the interests of the road, it's bond
and stockholders and creditors. The road
was in such condition that the protec-
tion of the courts had to be invoked"
1.-THE application, of course. / admit
will probably come in the nature of a
surprise TO the officials of the road, al
though they should have known in its
present condition an application for
Ieceiver was perfectly natural. When
Mr.. Boardman arrives from Albany with
the papers shall be able to tell some
thing more"
The Consolidated Roads Interest.
New HAVEN, Dec. 2s.--In an interview
with President Charles c. Clark Of the
Consolidated road the question was asked
whether the Consolidated road had been
identified with the present move OF the
New York and New England railroad.
Mr.. Clark said that mot one of the di.
rectors had any interest in the New York
vnd New England railroad" When asked
IL the move would not bring about a con-
solidation OF both roads be said, THE
Consolidated road had no desire TO get
control Of the New York and New Eng.
land road, but owing to the present pre-
dicament II might be obliged to take the
New York and New England railroad or
it's shoulders"
Vice President Hall of the Consolidated
road says that there isn't word of truth
In the statement that the Consolidated
wants the New York and New England.
lie never heard word about IL from any
official OF the Consolidated authorized 10
speak OF the subject. No application for
n receiver has yet been made to Judge
Townsend of the United States court.
Protecting Connecticut Interests
NEW HAVEN, Dec. 2s.-William X.
Ioring of Boston and Charles G. Per
kins Of Hartford, counsel for the
trustees OF the second mortgage bond
holders Of the New York and New
England road, called on Judge Townsend
and fled an application for a temporary
receivership for the Connecticut interests.
Tho ntto-ra-a s'-.@i that the p~oprrfv