New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-14
THE READING REPORT.
CONDITION OF THE ROADS FINANCES.
A DEFICIT OF So. Go3 ois co SHOWN BY THE RE.
CEIvERs' STATEMENT.

CTIyERs' STATEMENT.
Philadelphia March - (speciaD.-The muchtalRcd.
OF report OF the condition Of the philadelphia ana
Reading Railroad made public tonight py 'he
receivers Archibald A. Mcleod Edward VI. PaSson
and Elisha F. Wilbur. The statement VIII be FLED
I'm court tomorrow II Is signed by all Of them and
contains a complete account OF the floating liabilities
and OF the company. so far as the receivers
have been able to discover them after careiui
examination.
The total debt outstanding on February 90. 1893.
was 30 sG7 347 II. In addition to amounts due lot
coal purchases rentals, supplies. wages etc. bringing
the total floating liabilities up to Slo4':'o3o w.
! The total current assets In the way OF coal and
money due for COAL freight. etc. Is put at Sio''o'-
7s4 40 leaving a deficiency Of S2,G03 DAB GO.
The receivers gave for publication the following
statement OF the figures
Liabilities: Floating debt speyer & Co.. S''ooo'-
600 secured by the following collaterals: So.o4o''
600 collateral trust bonds 100000 Philadelphia,
Harrisburg and Pttsburg bonds; s1,oooooo third
preference Income bonds.
The next item Is the loan from the fehhsyNania
and Philadelphia Warehouse Company. OF S3.oooooo'
secured 10y the following collateral: Slooo'ooo
| third preference income bonds Ss4o,Voo coi"'eIh
| trust bonds: $4,000 general mortgage BONDS n'o
| coal on hand and coal accounts
Bills payable. amounting TO %. SCI 347 ii, secur'd
| BY the following c0lateIas: S3.j2lOOo coi'a'er"
trust bonds: $4,000 general mortgage bonds S16oooo
first preference income bonds $4,000 second prefer
cncc income bonds T20O0CO third preference 'hcoe
bonds: 5000 900 Philadelphia. Harrisburg ana rus
| burg Railroad bonds 100000 Philadelphia, Ne"'o"'
| and New York Railroad Company bonds s3ooooo
| Tamauua, uazlcton and Northern: 100000 Tamaqm
Trust bonds SlI 900 Coal Hill Trust bonds: TloOooo
Ely and Richie londs 100000 Montaur Railway ana
steamship Company ,l2i shares Twelfth street Mar
| ket stock. - .-
The floating debt outstanding. February 70, s9'9o''-
| 347 IL.
| Tho SIN
for c.ol purchases 81 47G,I5 30; due for material
supplies ROYALTIES etc. - ,6s06Dl So due cohh'cuns
roads for ircgh, ana tolls car service e'o'' @'''
o3s lO due for rental If leased lines, taxes e'o''
| 81 055 as 81, due unpaid coupons ana Interest
s5i4 3D. 20; unpaid wages Of January, loo3' S'f7'-
900 accrued wages Of February, leo"' 10 da' gu '''
COO total. II .i72.-:s 90.
| Th.aSc.s are aivcn a. iolJws: Approximate value
Of coal ON hand. llo1.oi9..2 tors ai - % a 'o''
sto,5275 % due 10y sundry parties for c"ai SOFA Oh
thirty and slxty days, Sj,.0 .-2D II material Oh ia"o'
81 g:J az 80 due for freight and tolis. S.looooo'
due by sundry parties on account Of coal business
| s3o,oo0: due 10y connecting roads, Sl.ooo'ooo.
bls receivable $50, 500 40; cash, T2o24O 90 siahd
| total Of assets. j.,'9,'oi ~.
rrc,ptulation-rotal Liabilities. si8.i72s2a 90;
,o,n a,.e:,. Slj779.Ts5 ~. ENc,~s Of current la-
liliiirs over assets. s2.Go3.oi3 Co.
some Of the above amounts are approxima'ei. but
,,,v VII moi vary greatly frum the actual figures
fine Philadelphia and Reading Rail,oad Company IS
congcnlly liable indor,"r 81 n",eS OF IN" i'l,"
arlpail leading and New England '9miIny " a ,or
$4,000. which collarraiy secured ~ fni ,n,
r %sF sai Sep pr En Ss " Raroaa comn and
| aln ~, Indnr>rr oi the note, Of the Mount Carmel
ar" ,oii.r.lly ,rurcd by $4,000 first mortgage
lands Of IN" Mount Carmel and Natalie Railroad
."hp,HH v,i" Ha,Iropd stock and II 900 shares ~
Nrw.Nork and New England Railroad COMPANY ,n
| .ock There we're outstanding S1-|"ro cI!ia'ra, rus
| bond, aud u $1,000 third prrrrrnc" incom" noh"S'
,o9ahl ground IT, G'Ty S i cnp any, col
| II +. STATED unpirdilly that II all ia" a,'r, were
converted into ca,h they would provo" Tor ,v Ia a,
.io oGoo collateral lra.t bond, - 10000 pl MA
drpha. Harrisburg and ,,'b"IE p.n s, .ncr, mort
ago bonds aud si,7is!ooo other securities.
| II having been announced HAT m application WIS
Likely to II, mnic To the court Tor the Issuance Oh
receivers, certificate, In behalf Of the holders OF 'n'
| floating debt Of the Philadelphia aud Reading hal,
Ond. upon The invitation Of larg, hummer VI uuI"
~ ine r,ad a meeting held In Tia" Interest 81
m" holdrr u tn" general moIirasr pr cen. "o''''
. 80 p. IA. yes -riav. AMI Tia" following "'r "i"%u
mcml'r, Of committee 70 r's, n mnn p'T nr..drnr
Fourth National ant Lou, lii1T"aii Pr'1 hun ~" :"
| The Mercantile liust Company. J. T.: N 'ucl' y, -,
jane, &; king4 sons. and Henry y. Whitney OF
| ki..am. Whitney = Go. Tin,
rhc committee elected j. Edward eimmon, char,
| man and IT, &. Drmnins sc,r-trry. The hol1cr' 9'
IN, linz Of r9Iins 6Ia rr arr un1m' or any mrm
Master In Chanccry George &. ludlow; at Irr,,y
cn my y"'" r,rn prHpent Naxwc t,n,d at the
Central Railroad u Ncw-.IScy had u" urhrr cohh,v
ton with the combine. and WAS rndeavoiinE ID ,ocs
the order Of the chancellor. H. wa, corrol'r,i BY
First vicc-rcIdcnt Baher and documentary evidence
| The case will be continued next Mohu'S
TIE WEEKS EAsrrOrND FREIGHT SHIPMENTS.
Chicago. March I3.-Fi>tbound freight shipments
last week were 1909 tens. against 1854 tons or
the corresponding week last year of the wees
: traffic the Grand Trunk carried ootl- TIC LAKE
shore 0.92I. the Ift>burg and Fort Wayne oio2' al"
the WABASH oGio tons Thr road, are now o rr N
pcct That in a short time they Will have thinS'
| cleared up.
| SALE OF TIE OREGON PACIFIC CONTINUED.
Corvallis Ore March I3.-The sale Of the Oregon
| roridc Railroad has been continued until June -
The object Of the continuance is to place the properly
in the hands OF impartial receiver and also Tor TN
| pirIpps,. OF obtaining time to seni experts over u'
,o,d +, determine. the value Of IN extension OF th'
| line east OF the ,cade Mountains. Fifty thouNh'
dollars has been placed in the hands of Blair a CO.
q. f Ncw-Y York. for the purpose Of partially dlschargin
ne claims Of rnpl"', ine ",, " il pay rrar
, | them aggregates Tloo,oo me oo"P""s u III "'''"
since April /, lc!,2.
The ot,cs,cl order removing T. EgentOn IIogg iron
II ! the reccivcr.hIp Of the road and ap
l. pointing Everest W. Iadlcy, OF Corvallis
. ore. in his stead has not yet been received, but /
p expected today. Mr. Iogg meanwhile Is In posses
l. | lion at 40. ID Willam>t.. and has two deputy
l. shcrins with him. Tie BOndholdcrs' Committee icl
II 1,,t no will not vacaie when the order comes an'
d inat they are going have trouble. They think IN
| has the most Important books locked up III inc W
rics in The Office to which he alone knows the com
| GInatinn The oregon Pacific lons were originally
| placed at lO2. They now sell at o
rs DIR. PiRKHrRsr TALKS TO YOUNG GERMANS.
d | m. rcv DR. Cbadcs II. Parkhurst talked 70 th
ro,,, men Of the branch of the Young Mem
christian Association the Association Hail. at M
e 49, Seconds ave, lat night lie poke ABOUT the wor
II bo wcs doing In city and urged the young 'icrma