The Indianapolis journal., 1893-09-07
JUDGE BRIGGS STANDS FIRM
He Refuses to Change His Decision
lin the Il. & L. I'll. Case.
All the Property of the Road Ordered
Transferred to the Receiver
Other Indiana News.
special to the Indianapolis Journal.

Special 70 the Indianapolis Journal
TERRE HAUTE. Ind. Sept. GA dis
patch from Bloomfield says Director +.
w. Cook. Treasurer w. j. Lewis and at
torney Islebart. of the Evansville ~ Terre
Haute Railroad Company. cane TO Bloom
field. Ind. this morning on special
train seeking dissolution of the receiver
shipmade yesterday at Sullivan. The case
was argued before Judge Briggs most of the
afternoon. The Judge, however. sustalns
the receiver and has ordered all the prop
erty and money of the road turned over TO
him.
1t is the opinion of railway people here
that the receivership proceedings at SuIii-
van yesterday was trick played Dy the
Chicago * Eastern Illinois people.
and that the receivership will continue
only o few days Ii is part OF the
quarrel between ID. j. Mackey and the
hint OF the nature of the hght
that is on for the control OF the
road. which the syndicate secured some
months ago. only TO lose II back TO Mackey
as the result of q coup in Wall street few
weeks ago. The c. IL +. 1. manage
ment could not work in har-
mony with the L. 81 T. II. when the
latter was under Mackeys contro
Although the two roads formed through
route. tho &. ". +. |. at one time would
the ground that by reason of Mackey's Pc
nurious MANAGEMENT the coaches were
not returned In cleanly condition:
While railroad men here, as general
thing. disliked to see the road return to
Mackey they have little tolerance for rail.
road wreckinR in the conrts. Moreover,
the receIvershiD casts doubt on the value
of the checks dated Sept IL. with which
the employees were paid for their July labor.
NEW YORK, Sept. 6-At a special meet
inn If 1rrn of fha a. NJ
Terre Haute railroad today resolution
was adopted declaring that the re-
ceiver was appointed without notice
to the company or Its attorney.
and upon allegations OF Insolvency
which are wIthontIany foundation In fact
and that the company Is solvent IN every
respect The board. therefore. earnestly
protests against the action TAX en- as against
tho interests of the company and Its bond
ana stock holders.
Harvey +. Fisk * Sons, who placed q
number of the Evansville & Terre Haute
bonds. has issued a circular to the stock.
holders of the road. making an argument
in favor of change in ITS imam
of the person in control of
the company with the other companies
has. it Is asserted. worked to the detriment
Of the Evansville ~ Terre Haute. he man
sgement of the road has been all right,
but the Field management has been
unfortunate. The interests of the
company have been subordinated to those
of other companies The Endorsement of
the Evansville 81 Terre Haute has
been placed without consideration,
so far rs they tlsk IL Sons are
aware. on bonds of Peoria. Decatur &
Evansville for $4,000. given In payment
for the Chicago n Ohio River road. A
settlement has been attempted with the
Louisville. Evansville Il St. Louis by re.
ceiving certain of it's second mortgage
bonds In payment for advances amount
ing to SG97. 900. The Evansville x
Terre Haute road has also paid
excessive dividends in order to enhance
the speculative value of the stock. Not
withstandlng these dividends. the wages OF
the men are IN arrears. notes have
been gwen for current supplies.
aud the proceeds of bonds with
drawn from the trust company for
betterments have been devoted to other
uses. The floating debt amounts. as nearly
as we can ascertain. to over S600.0)0. with
possible further obligations on account of
Endorsements. Harvey Fisk ~ Sons asked
the stock and bondholders to join them in
onsting the present directory. They re-
quest proxies TO be sent them for the an
nual meeting. which occurs Oct. 2. at
Evansville They further state that they
are advised by counsel that the use
of the company's credit is contrary TO
law. Harvey Fisk * Sons have placed
s250.000 of the cOmpany's bonds In recent