The Wichita daily eagle., 1894-01-05
ANOTHER BANKRUPT RAILWAY.


INDIANAPOLIS. Jan. 4-Judye Woods
has appointed F o. Hopkins and james
II. Wilson receivers for the Louisville.
Evansville and st. Louis Consolidated
Railway company. The main line runs
from East St. Louis to Lo1kville. Ky. and
Is operated In con Injunction with the Evans
vile and Terre Haute and the P-oris. De-
catur aud Evansville. D. j. Mackay l.
president. The first mortgage consoii-
dated bonds, the defauitiDg of the Interest
(6 per cent? of which pr-cpitated he re
ceivershlp. amount TO s.. 75o.eOJ, while the
second mortgage consolidated bonds
aggregate s2, 432, coo, with per cent. inter
est. A third series of bonds aggregates
S2 670, 900. The road has been In strait
ened circumstances since 1892. in which
year it WAS cut in two for four months by
a wrecked tunnel, which entaiied not only
heavy loss, but heavy expenses. The re
cent money stringencv augmented 1t. The
officers .ay that the receivership Is entirely
friendly one.
Later in the day John Mcleod was ap-
pointed receiver for the Ohio Valley rail-
way, by Judge Baker OF the Unised States
court, on petition Of Brown q Sons and
others. These proceedings are auxiliary
TO the action of the Kentucky federal
court
ALBUQUERQUE, N. NJ. Jan. 4-Judge
OOihct, dSSCCidtc justice "a VIC Supt0ihc
court OF New Mexico, to-day placed the
Atlantic aud Pacific railroad in the hands
OF Joseph w. Reinhart. Jonn j. McCook
and Joseph &. wilson, as receivers, on suit
brought by the Mercantile Trust company
OF New York. Tue plaintiff was repre-
sented by w. e. Childers of this city and
W. w. Green of Alexander s. Green of
New York. General Counsel c. n. Slerry
appeared for the Atlantic and Pacific.
The bill alleges that S., 500. 900 of the Sec
ond mortgage bonds are now due, with in
terest at q per cent, and that $160, 900 in
interest, due March 1, is unpaid. The
floating debt is $4,000. The conrt ordered
the receivers to file bonds of So, 600 each,
and authorized them to operate the road
and take possession of all the property.
This action was not unexpected.
OMAHA, Jan. 4-The segregation of the
great system of the Union Pacific railway,
il Is said, is not so likely TO occur was
predicted month ago, and there is said TO
be more general feeling prevalent among
the higher officers of the road that the
Union Pacific will be able to gain possess
sion Of the Union Pacific, Denver and Gulf
il the very near future.
NEW YORK, Jan. An official state.
ment issued by the receivers of the Atch-
isOn railway system says that the State
ments recently printed, aud prrpOrting TO
have been made by Solicitor Peck and Re-
ceiver Wilson, in which these gentlemen
are reported to have said that the Atch-
ison Was known to be iusolvent as
early as last August, aud that legal
papers vera drawn in anticipation of the
recsivership, are without foundation. The
financial report of the company, issued on
Dec. 23, continues the statement, showed
that its western accounts We're normal.
The condition of the system then showed
a total of demand aud time loans and
notes. secured by collateral. due from De
cember, 1898. to June, 1894. of 81. 700. 900,
ami total of coupon interest auL other
fixed obligations due on January l, Of
50, 900. 0c0.
Since the appointment of the receivers
the loans have been continued and the col
lateral held intact for the company. This
practically leaves the Atcbison company,
for itself and all anxiliaries in addition to
the floating debl above stated. owing but
So, 900 coo, being the aggregate amount OF
interest due on Jan. l, 1894.
The statement says that prior to Tues
day, Dec. 49, no suggestions were made,
nor papers drawn up, nor steps OF any
kind taken toward the appointment of re-
ceivers when it was decided upon Tor the
best Interests OF all, and when 1t Was seeh
that the January interest could not be
raised. The statement is signed by j. w.
Reinhart and j. }. McCOok.