Morning journal and courier., 1893-12-30
THE NEW ENGLAND ROAD.


three Receivers for the sRoad-Platt,
Hart and Perry-Knetty Ques-
lions for tho Court-The Rail.
roads Forlorn Condition - The
Roads Traffic Not to be Inteffered
with.
There seems to be a number of knotty
problems for the courts and lawyers to
ettle relative to the New England rail-
Dad and plenty Of litigation in general
head. Since ex. Senator Thomas @. Plat
vas appointed temporary receiver by
Judge Wallace last Wednesday complica-
ions have arisen over the receivership
natter. The first complication in refer
snce to this matter came with the ap-
pointment Of William T. Hart as receiver
by Judge W. K. Townsend, and yesterday
there was contest in Boston over the ap.
pointment of another or more receivers.
The contest was between the holders OF
the second mortgage bonds, who wanted
William T. Hart appointed for Massachu-
retts also and the stockholders. who
wanted Mr.. Platt. There was also a
contest in Providence between these two
factions for receiver for Rhode Island.
In New York Mr.. Platt has been for
mally installed as receiver.
At Boston yesterday in the United States
circuit court at 10 o'clock before Judge
Colt, arguments were resumed on the ap-
plication for the appointment of tenpors-
~ receivers for the New England company
In Massachusetts and Rhode Island. The
fntaroako ~ora rAnroaArkod nv 1"
T. Lor1ng and A. A. Strout of Boston, O.
z. Perkins of Hartford and Mr.. Platt Of
Boardmap & Platt of Now York.
The proceedings were opened by Mr.
Perkins, who desired the court to appoint
William T. Hart. Mr.. Perkins said Mr..
Hart had already about all the TOAD except
what was in Massachusetts.
Mr.. Harris appointment, I'D Mr.. Per.
kins, "would be best because there would
be one head at the point where all ques-
lions arise; and, too, head that can de-
vote all his time to the duties of the place
Mr.. Hart is an old re,lroad man; was 9
trustee of the New ? lgland road under
the Berden mortgage and for five years 9
president of the company. He knows al
about the business Of the company. Hi
appointment is one espscially fit to bs
made. 1t makes no practical difference
with the opponents of Mr.. Hart whethe,
he has the place for the next ten days Of
not"
Mr.. Loring said: "The second mortgage
bondholders feel that 1t was necessary Il
act as they have, because they deemed Il
probable that unless q receiver was ap
pointed in Connecticut attachments nigh
be ma1e and the property irreparably in
iured. Our bill Is the only one ever flee
in Connecticut for unciliary receivers ant
our action has resulted, We believe. in pro
tecting the property"
Mr.. Plstt read to the court the order o
the New York court appointing T. @. Plst
and read bill filed in the Massac husett
court, asking that Mr.. Platt be also ap
pointed receiver for the road In Massachu
sstts.
Mr.. Plat caused something of sensa
ton by reading telegram sent by Receiv
or Plat and handed to counsel in court
Counsel said: 81 had the receiver send
to Judge Wallace, and this is the reply:
Copy of telegram.)
NEW YORK, Dec. 20.
Judge Wallace authorizes me to say that afte
he had appointed me receiver of the New Eng
land road he was called by telephone by Judg
Townsend and asked whether he had any objec
lions to the appointment Of Mr.. Hart as receive
In Connecticut. He answered that he saw no ne
cesslty for the appointment Of any other recei'
Il That 4 Judge else
'''I Ss as ) '' LIS OWL '' TIoxis G. P1Arr.
A. A. Strout said harmony was much DE-
sired. Mr.. Platt's ability could not b
questioned; nor his integrity. By coul
usage Judge Wallace's appointment shoul
stand supreme. Mr.. Platt ia tho bond
holders receiver as much as he is receive
for the holders of stock. Judge Wallace
the circuit judge of the district, includin
appointed Mr.. Hart, is district juda
whose actions may be reviewed by the eli
cult court.
II do not intend" said Mr.. Strout, st
charge counsel on the other side with mil
representation, but think they were mil
led, and cannot think that Judgs Towz
send would have acted as he did had
not been led to believe that the immediaj
/ appointment of a receiver was necessary
| prevent attachments when application vi
made to him."
In reply to Mr.. Strout, Mr.. Perkins Sal
that If Mr.. Hart is appointed he will
practically receiver for the whole road, Fl
In New York state there is practically not
ing, about 10 miles out of 400.
Judge Colt said he did not see how Il
II AppOluGluoub VI C1bu6I uA4s L A0ee "a AL
Hart would secure unanimity of action.
Judge Colt said: ''It seems to me tn
the appointment of either Mr.. Platt
Mr.. Hart would operate injuriously for q
property. There are conAicting !
terests. 1t would seem from t
earnsstness with which counsel pre-
for the appointment of their respet
i've receivers, that there is some a
vantage to be gained by the temporary a
pointment. There must be something ba
of these efforts. Neither party should
allowed any advantage and therefore
think that both Mr.. Platt and Mr.. Ha
should be appointed with third receiy
and will appoint those two and Aarsd
J. Perry third receiver, their bonds to
CSC, 900 each" These receivers are for t
states of Rhode Island and Massachuset
HARTFORD, Dec. Extravaganza
have been entered into whereby the freig
traffic of the road will be carried on wi
as much expedition as possible. The ps
senger traffic has not been interfered wi
II Ill