The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-06-26
NO. r. & N. RECEIVER.
r<yeiIl Appointed on Petition
of the Bondholders.
xe REPAIRS TO THE TRACK.
Portland Smuggling King-Two
British warships Soon to
Visit Seattle.

pr,~t.sp. June 25.-The Farmers Loan
Il Trust Company. of New York, today
80. application 70 United States District
1-sre Bellinger for the appointment OF
..rs,ate receiver for the Oregon Railway
rx.r,rafion Company. The application
- a,ended Edwin McNeiii for receiver.
4. petitioners recits that they are hold
:. i trust of bonds amounting to -. s38.-
"a lnteress on which, due in December,
80 has not been paid.
r., complaint states that the complain
= /. Informed and believes that the Ore
s.. Railway Il Navigation Company Is in
.slyens ard wholly unable to pay its debts
9 o1Iigations, and that the property and
-,-mlses covered by the mortgage consti-
- v<ry inadequate security for the pay
~,.sts az the amounts due on the said
t,.,ax In consequence of the embarrassed
s<sastgon OF the financial affairs of the
a~ron Railway Il Navigation Company,
g complainant charges that the rights Of
q he parties interested cannot be fully
~ss6><ted otherwise than by q judicial sale
q he property covered by the mortgage,
- nat II is expedient and necessary that
"a this property and its appurtensnces
: .,.eed under the control of a receiver.
Tkis afternoon the court made an order
sze.p.ing Edwin hcNeill receiyer, with
seass iixed at 500. 900. which will be fur
..a<d within . few days, when Mr.. Nc
~ will take charge Of the road.
hx4uA. June 25-The appointments OF
sz.:n Mcneil "a receiver of the Oregon
1ssav A Navigation Company created
.e,rnr,se az Union Pacific headquarters,
sArre il has been expected for some time.
f,,sse agreements will continue. and IL
nj not affect either company. 1t Is now
susrted that J. P. o'Byien, general super
lr,endent Of the Iowa Central, will have
saaree of the operating department OF the
Oregon company. and that number OF
the employees OF the Union Pacific VIII 90
given similarly responsible positions there.
Mcneil has expressed desire to take care
Of as many Union Pacific men as possible.
although tbs auditing department. will
rrohably be run with less
force than when the road was
formerly an independent company,
before it amalgamated with the Union
Pacific. A. Gavin. chief division clerk in
Mr.. soutnard's department has accepted
the position Of chief clerk of passenger
accounts with the Oregon company. J. b.
Livingston. chief clerk under A. J. Van
Kuran, freight auditor. has accepted the
position of chief clerk of freight accounts
under Mr.. Johnson, who will be auditor.
Mr. Livingston is also an old timer on the
un.on Pacific, having been for seven years
chief clerk in Mr.. Van Kuran's depart
nent, previous to which he wars for many
Fears travelling auditor on the Kansas
and Colorado divisions of the Union Pa
dhE As to the order having been given
bat oil rolling stock belonging to the
rnion Pacific be sent East from Portland.
Nj. On. private secretary TO the receiver,
nia b couid not vouch for the correctness
dltsrumor. He stated that the Oregon
uzgahy would have quite an equipment
kEn business with. but could not
H&zy the number of engines or cars
ssAm going to considerable trouble.
raan Pacific headquarters today re-
aHfA final report on the recent food
asaess In the Northwest. The water has
nsded sufficiently to leave the Union Pa
tat track exposed along the shore, and
hy are seemingly in good condition, after
bag under water so long. Between
Portland and Bonneville there are only a
~ hllsd-in bridges out, the ballast of the
hack being In fair shape, and was saved
iong the riverside by bags of sand placed
q short intervals rs barricade. No seri-
Gus landslides are to be seen. although in
some places the track has completely
disappeared, and new tracks and
new roadbed will have to be built
ss some places between Umatilla and
Portland TO connect the tracks that
have withstood the encroachments of the
fiver The road between Bonneville and
Portland can be entirely repaired in three
sesks In the vicinity of The Dalles
nearly 500 men are at work blasting the
ridges Of the mountain for a new road
bed. and the work of construction will be
pushed to completion as rapidly as pos
nbe. II Is the belief of the officials that
NE damage done by the recent high
waters will not amount to SO much as was
flssi supposed, although it will run high
MO the hundreds of thousands.