The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-04-09
BONDHOLDERSIN ASNARL
A CO.RECBIVBR FOR THE MARI
ETA ROAD NOT WANTED

Tho Opponents of tho Application
Fear That the Reorganizers Want TO
Swamp the Road Under a Flood of
Receivers Certificates -Erb's Candi-
date Under Savage Fire.
ATLANTA, GA, April S.-The fight for
the creation Of joint receivershIp for the
Marietta aud North Georgia road, which
was taken up before Judge Newman OF tho
United States district court to-day took q
decidedly sensational turn. For six months
or more the minority bondholders Of the
road have been trying to secure the ap~
pointment Of Elias Summerfeld as receiver
to represent their interests along
with Receiver Glover, who Is
the original receiver of the road.
Along with the application for the joint
receivership was a proposition that the ap-
phcants would, out OF their own pockets,
pay the salady of the now receiver IL ap-
pointed. 1t was urged that Mr.. Summer
fields appointment would be for the pur-
pose ofgetting the line into better financial
shape. Judge Newman agreed to submit
the matter to the attorneys representing
bOhh NAuooeo huAk hblA JuGA& GAAA oOAAlShh \ Ao
attorneys failed to agree.
FEARED A SCHEME.
The faction represented by Receiver
Glover thought they discovered a
scheme on foot. Six hundred thou
sand dollars in receivers certif-
Gates had been authorized to be
issued, and they thought MIR. Summerfield
was actiDg as the representative Of New
man Erb, and that IL he was allowed to be-
come a joint receiver "A scheme to loot the
road would be furthered this scheme bear
| ing upon the proposed hypothecation OF the
receivers certificates mentioned. When
Mr.. Summerfield could not be inducted
into the office Of Joint receiver by mauipu-
lation. a fight was brought on In the courts.
AN ATTACK ON sUMMERFIELD.
When the hearing was begun to-day Mr..
Summerfeld's character was at once vigor-
ously attacked. On account Of certain al
legged business methods he was opposed for
appointment as receiver. Mr.. Cormick.
representing Receiver Glover's eide OF the
case, in supporting the objections Of the
bondbolders read atfidavits which violently
attacked Mr.. Sunmer6eld's character.
Some were employees who had been dis
charged from Mr.. Summerfield's employ.
Another was from detective employed
TO investigate Mr.. Summeraeld's character.
Newman Erb and Elias Summertield had
made money in dishonest way out Of rail-
roads. Ii also stated that Mr.. Summertield
was supposed to be q gambler.
sUMMERFIELD INDIGNANT.
While this affidavit was being read Mr.
| Summerfield, who was sitting in the court
room, arose froGn his seat sxcitedly and
said: 'If your honor please. if there il
any man who is willing to attack my
character, will pay his expenses to At
| lanta and give him a chance to do so Ia
court. The attacks made in that affidavit
| are lies as black as h---.n
Mr.. Cormick read other affldavits, all at
tacking Mr.. Summerfeld. Two were
sworn TO by discharged men, and two by
parties who have suits aRhinst companies
| with which Mr.. Summerfeld was engaged.
On the other hand, Mr.. Summerhed was
| highly recommended in letters written to
| the court, aud which were offered In the
| case to-day. The letters were from promi-
| neut people. One was from Justice ID. J l..
Brewer of the United States supreme court,
another was from the chief justice OF the
supreme court Of Kansas and others, who
stated they knew Mr.. Summerfeld to be a
man of thorough integrity, and that there
had never been even an indication Of
wrong doing against him. The case will be
taken M again next Saturday,