Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1893-12-29
THAT 100000 ATTACHMENT.

The Local Recetvership Appoint
ment Came In Just a Little Ahead.
HARTFORD, Dec. 28.-Doubt is expressed
in legal circles as to whether the attach
ment for $500, 900 put on the property Of
the New York and New England railroad
last night in the suit of the Philadelphia
Reading and New England railroad will
hold. Judge Townsend's order appoint
ing W. T. Hart of Boston receiver of The
New England road for Connecticut, wat
issued in New Haven at $50 p. m, and
after that hour attachments could not b.
legally made on the property of the road
1t was 7:30 or after before the papers In
the suit were delivered to Sheriff Preston
to execute and over an hour elapsed before
he could gather his deputies and reach East
Hartford.
It was nearly 8 O'Clock before the sheriff
presented the writ to Division Superinten.
dent Quigg and began to tie up the rolling
stock. The attorneys who prepared the
writ knew that up to o'clock Judge Town.
send had not appointed a receiver, but il
was 10 o'clock before the news Of Receiver
Harris appointment reached them. The
official notice of the appointment was moi
received by any railroad official or the
sheriff until this morning. 1t Is claimed
by friends of the New England road that
an attachment executed q moment after q
receiver is appointed is invalid and in con-
tempt of court.
Sheriff Preston stopped attaching prop.
erty of the New York and New England
road in the suit of the Philadelphis, Read
ing and New England for $500, 900 at 9
O'Clock this morning, being satisfied that
his claim is covered. There are in charge
of the keepers altogether thirty-two en-
gines and about 300 freight cars. Railroad
men claim that property worth $500, 600
has been attached.
Arthur Perkins, of Perkins & Perkins,
counsel for Receiver Hart. served the re-
dent Quigg this morning and then demand
cd of Sheriff Preston possession of the
property attached. The sheriff declined to
yield possession. "7"
It Ia understood that the next step will
be to obtain from Judge Townsend q per-
emptory order demanding that the sheriff
recognize the receiver, as he was appointed
before the sheriff made any attachments.
Legal decisions in this state are that the
authority of the federal court in the ap.
pointment of the receiver must be recog.
nizsd.
The papers in the Connecticut receiver.
ship of the New York and New England
road were fled with the clerk of the United
States circuit court here to-day.
NEW HAVEN BoNpHoLDHRs.
As Is we'll known a considerable lot OF
New England road bonds are held in this
city. Probably fully 81, 900, 900 are held
here. The first mortgage bonds have
dropp.d seven or eight points in price.
They were little while ago quoted at 115.
OF the roads second mortgage bonds
about 500, 900 are held here. The Con-
solidated road has also $115, 900 Of these
bonds. Some New Haven spectators have
made money in New England stock, others
are out of pocket by It. 1t has been Sc
sky-rocketty stock" with alternate fearful
tumbles. Now, the stock, 1t is expected,
will lie dormant for some time. The bond.
holders are not alarmed, as their interests
are considered we'll protected.
There are So, 000, 900 of the per cent.
first mortgage bonds and 81, 600, 600 of the
6 per cents. The rs were quoted ysster-
day at 105, and 107 was asked, and the e'a
are at par.
Said prominent financial authority yes
terday: 'sThe estate Of e. 81. Trowbridge
at one time held large blocks of these
bonds. And 1t IL probably true that they
are still held there; and understand that
there are other directors that hold the
bonds and with the understanding that
they should be turned over to tho Oonsol-
idatsd at any time the company wishes to
acquire the New England for Its bonds"
It ID just seven years ago this month
that President Clark of the New York,
New Haven and Hartford railroad left the
New England road and came to this city
to direct the former property, having sac