New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-25
RAILROAD INTERESTS.
INTEREST PAYMENTS STOPPED.
THE RECEIVERS WANT THE COURT TO MAKE
DECISION on THE POINT.


DECISION on THE POINT.
Philadelphia Feb a (SpcciaD.-In the absence OF
any definite statement concerning Readings financial
affairs specnlat,n on the subject continues 10 DE a.
aciiYe here as in Wall Street. and the r,inlors Ill
cirfniatio ar, Ms varied and Sensational A"ioho
those current today was that there had been al
Issue q, stock concerning which tb" pubic WIS ]"
ignorance. This report Is not new. IL WAS cr'"
lated several week, ago. IL finds few believers h""
but II will probably Ike longer IMAM " VI"
before. A great many people seem TO he disPoseu ~
lcilcve the worst and ar" ready to eaten up any
mnfavoralc rumor. At present there appears 10 oe
n unanlnity of feeling among leading hnanclers, WHO
are supposed be Informed the subject that tere
will he 10 scan,nloIS revelations. THIS
view, 1t may be- said. is held by men
who are opposed TO Mr. Mcleod. and would be pessei
10 hi, appointment ~ receiver ahiIniie' ih'
floating debt they believe VIII not exceed SsOoo,ooo'
The receivers announced to-day that 1"idihs the
receipt OF orders from the court the payment OF III
tcr,st upon the preference bonds would be disooh-
tlnued Early this morning Treasurer Church was Ell
gagged IN On ,hing Ill coupons clipped from nrst aHu
second preference bonds that were presented but 10
third preference coupons cash.d. as these were
involved IN the action taken by ex-senator Piatt Vi
New York under the provisions OF the third prefer
cncr mortgage Later IN the day the receivers In
,Irlced Mr. Church 70 discontinue the payments untlI
the court had had opportunity 10 express an oph-
ION upon the matter. Most Of ibis interest the FUNDS
10 pay which borrowed from Speyer 4 Co.. mas
already been disbursed. and comparatively few Of the
COUPONS are now outstanding.
Whatever feeling the broak In New England fol-
lowing Mr. ParsOns's resignation may have inspired
ia Mr.. Mcleod, he declined to give any expression
10 IT, His lirnds insist that the decline viii IN no
way alter his determination ~ take Mr.. Parsonss
place rs New EngandS president. This bear AT
tack on Reading they interpret as Mr. Parsona's last
card. It VIII not prove winning one they declare.
No on. AZ the Reading Office believed the report
ieleg,ip,,d from Boy'On about New England going
into a receivers hands, dispatch was read from
Mr. Parsons saying that he knew nothing about II.
II Is not generally known outside Of Pennsylvania
Int II is a fact nevertheless. that Judge Paxs0n has
political ambitions lie 1, said to aspire to succeed
Governor Puttlson and II Is known that he has al
ready enlisted In his behalf OF the most lnnuen,Il
Republicans In Philadelphia All now agree that II tie
nige succeeds BIZ stra shtcning out Readings a1aira
h. will become IA formidable candidate against General
iionrd IN connection with the Office. This II Is SAID
Wln be u powerful incentive so him IN his WORK a.
receiver II Ia certain that II he succeeds In pn'e
the rosd satisfactory besS he VIII nave accom-
plIshrd i work that would greatly enhance his iepu
ialiOn.
the frlerd' OF the Reading management were some
what Indignant after reading the Chicago dl>patth
sayIng that the Pullman Company wa> building Tor
President Mcleod u paiaal private car at ~ cost ~
$1,000 to the Philnde phia ard Reading Railroad Com
pany. II Is stated that III the rrst place Tue car
not 10 cost any sum Ike 15OOOO and IN the secohu
place 10 the usual practice. u Is pau Tor
from Mr.. McIcod's private funds and not by the com
pnny. 49,
liarrs bnrg Feb. Ex-Governor Pattison has APP
pointed Judge He,drlck, Of Franklin to the vacancy
ON ia. supreme bench caused by the resignation oi
Chief Justice paAson to accept the Heading Railroad
.r.IN