Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1893-03-14
NEWS TELEGRAPH ! :|I!lI|
From All Quarters,
CONDITION OF READING.
Receivers Show the Assets
and Liabilities.
NEW IMMIGRATION REGULATIONS.
They Will 60 Into Effect on
the First Of May.
/ xeITEMEHT IN the CHAMBERS.
M. Rib0t Declares That the
Charges Are False.
EXCITEMENT IN the CHAMBERS.
READINGS rIoN.

The Receivers Issue Statement In
Which They Show the Assets and
Liabilities Of the Company.
PHILADELPHIA, March IS The state
ment Of the receivers of the Philadelphia
aud Reading road and Philadelphia and
Reading Coal and Iron company of the
current liabilities and assets of both COM
panies on February % was given to the
prees tonight. The statement will be
filed in court tomorrow The statement
follows:
Liabilities: Floating debt-Speyer & Co.. g,
81, 900, 600; the collateral Is s., 430, 600.
The collateral trnst bords-$200, GOO Phil
adelphia, Harrisburg and Pittsburg Rail-
road company bonds. 81 900, 600 third
preference income b,nds; Finance compa-
ny of Pennsylvania and Philadslphis Ware
house company, 5000, 600; the collateral
is 81 900. 600 third preference income
bonds, $4,000 collateral trust bonds,
$4,000 general mortgage bonds;
also coal on hand and coal &c
counts. Bills payable So S87, 347.11
The collateral is s., 531 900 trust bonds;
SIG, 900 general mortgage bonds; $189, 900
first preference income bonds; $4,000
second preference income bonds; $500, 900
third preference Income bonds; 100000
Philadelphia, Harrisburg and Pittsburg
delphia, Newton and New York railroad
bonds; $500, COO Tamaqua, Hazleton and
Northern railroad bonds; 500, 900 Tsmsqua
Tract bonds; 50 900 Coal Hill bonds; $780,
900 Ely & Riehle bonds; 5000, 900 MontourI.
& s. company bonds; l, 4s4 shares Twelfth
Street Market company stock. Total float
ing outstanding February 20, 1893,
50, S67, 347.11; due for coal purchases,
81 ,476, 1855 SO; due for materials, supplies,
royalties, etc, $2,680, 691 So; due connect
ing road for freight and tolls, car service,
etc, $751;, 033. 10; due for rental of leased
lines, taxes, etc 81, 055 ,246 81; due and
unpaid wages of January, 1898, $748, 900;
accrued wages of February, 1898, to date,
81 $50, 900. Total $18, 742, 1928 o..
Assets-Approximate value of coal on
hand as follows: Port Richmond, 1885,
OLA OIL tons; New York and vicinity, 341,-
SS6 Oh tons; Schuylkill Haven and line
points, 81, TAO Oh tons; Baltimore, 4. 500 10
tons; Buffalo and vicinity, 296, $50 % tons;
Chicago and western points, 257, 800. 10
tons; Boston and eastern depots, Al, 448 05
tons Total, 1, 107, $50 8S tons. At 81 so
per ton, 81, 800, 9S0 20; due by sundry par
ties for coal roads freight and tolls, ST.
250, 600; due by connecting roads, 81 ,000,-
900; dae by sundry parties, account cur
rent business, $500, 600; bills receivable,
$s9, 9e5. 70; cash, $2s, 24O.ss. Total, $751;
779. 7s4. 40.
The railroad is liable as endorser of notes
of the Philadelphia, Reading and New
England road for $3.50. 900, which are COL
laterally secured by $40, 900 fret mort
gage per cent. bonds of the Philadelphia,
Reading and New England road, and a1ao
as endorser of the notes of the Mount Car
mel and Natalie road for $50, 500, which
are co1laterally secured by $113, 900 first
mortgage bonds of the Mount Carmel and
Natalie road. In connection with "a, 036
shares of Bo: ton and Maine railroad stock
and II, 600 shares New York and New
England stock there were outstanding
$3.50, 600 collateral trust bonds and ST.,
544, 900 third preference income bonds.
There is reasonable ground to believe that
these collaterals will ultimately revert to
the company.
The above ststement comprises sill the
floating indebtedness, direct and contingent,
which after q very careful examination, is
known to the receivers. The assets are be-
Ieved to be accurately stated.
(Signed) A. A.MCLEoD,
EDWARD N. PAxsoN,
E P. WILBUR,
$500. Receivers