The morning call., 1894-05-13
HIGHLAND PARK
Electric Road Held by a
Receiver.
SESSIONS LATEST TROUBLE.
w. S. Paisley to Be Buried in
Oakland.
A CHAMPION SWIMMER INJURED.
Report That the Giant SulIivan's
Body Was Stolen Is
Unfounded.
CHAMPION SWIMMER INJURED.

road has been forced to the wall. This
time it Is the Fruitvale and Highland Park
road, another of the enterprises of G. E,
Sessions. AS in the case OF the East Oak.
land line, the plaintiff in the suit is the
California Safe Deposit and Trust Com
pary and the suit is brought 10 fOreclose a
mortgage for 100000 OF the bonds of the
road, which the trust company guaranteed
in April. 1898. taking as security mort
gage on the entire plant, including right
of way, rolling stock, etc.
The plaintiff states that the interest on
eight of these bonds, which was 6 per
cent, payable semi-annually, has been paid
TO October 10, 1898. and on five Of them to
April, 1894, and that no other interest has
been paid. 1t is also stated that S73S So is
due for taxes. Interest is due on 1913 OF
the bonds since April 10. 1898. and on three
bonds since October Is, 1898.
Petitioners ask that the mortgage be
made first lein, as many other suits and
attachments are threatened and it is
feared that the road may be tied up to Its
great injury.
The directors of the road are E. c. Sss-
sions, NJ. d. Sessions, Joseph Hunt and
F. j. Woodward, and they presented q
written consent 10 the appointment OF
Director Woodward as a receiver, and
Judge Ogden yesterday made the appoint
ment, liking Woodward's bond at $4,000.
The appointment was in compliance with
the wishes of the trust com uany.
The Highland Park road runs from
Brooklyn station 10 Highland Park in
East Oakland, a distance of about two
miles The road was horse line up TO
TWO years ago, when the power was
changed 10 electricity.
Ii is said the trouble with the road has
been that it was built on credit and run
without ready money. and in hard times
there could be but one result. Ine road
enjoyed a pretty good patronage, but not
sufficient to meet the heavy interest and
running expenses together.
Mr.. Sessions, the r0moter OF the road,
Is lying dangerously III at his residence
and cannot be seen by reporters.
Out of Business.
There was universal regret expressed
among Oakland business men yesterday
at the collapse of the Oakland Home In
surance Company, or rather its absorption
by the Fireman's Fund.
The Oakland Home was established in
1880, its Organizers being among the
heaviest of Alameda County capitalists.
For ten years the corporation did an in
surance business, paying from 6 to s per
cent annual dividends on its capital stock
of 5000 600. Its business at one time was
as high as S55,000 IN annual premiums in
Alameda County alone and over S160,000
on the coast. 1t has paid fully 80 per cent
in dividends on its capital stock.
Yesterday the secretary OF the Fireman's
Fund. Mr.. FaymonviIle, said: The Oak
land Home, like every other company, has
been suffering and losing money for
months, and it was simply making matters
worse TO delay the step that its directors
nave taken Ii was unavoidable. No one
will suffer except the stockholders. The
noIicy-lolders are ali secured by the
S3. 100000 reserve fund of the Fireman's
Fund and will be promptly paid TO cover
losses suffered by p0licy-hClders."
President Moody of the Oakland Home
said: "We have taken this step 10 secure
policy-holders against any possible loss and
10 prevent stockholders from losing more
money.
1--WE were losing money every day; but
the company is n ct insolvent, bear in mind.
We are ready to meet all demands on pre-
sentation, aud anybody to whom the CON-
panv owes q bill can get 1t paid at the
counter. We shall proceed to realize on
our assets and settle with the stock holders.
Ii is incorrect to say there are 200 stock
holders, as has been stated. There are not
more than seVenty-five. 1t is also untrue
that false reports of the company's condi-
ton have been put forth"
Mr.. Moody concluded: This reinsur-
ance with the Fireman's Fund was the
only chance the stockholders had 10 get q
dollar out of the business"
To Be Buried Here.
The body of Colonel W. S. Paisley, the
Industrial, who was killed at R0cklin by q
constable, will be brought to Oakland for
interment.
After the news of the shooting became
nubIIc a meeting was called for the corner
of Tenth street and Broadway. at which
speecbss were made and the shooting con
demned The following resolutions were
ado pted:
WHEREAS, By the aid OF unjust laws enactet
by dishonest legislators, whose title TO The ex
aited positions which they disgrace resIs solel,
on the corrupt use OF money contributed b,
powerful corporations, trusts aud combines
the vast bulk OF the national wealth
created, as wealth only can be. by homes
Industry and TOLL is in the hands of favore
few; and whereas, many millions of our fellow
citizens, men who have by brain and muscl
| now, as consequence OF the afore
said class legislation. are deprived o
the opportunity 10 earn the means o
sustenance and have become homeless alien
in their native land; and whereas, the eX
perenee OF The past has taught us that write
petitions for redress are uniformly ignored, cei
| tain ctiZens have determined TO journey TO th
capital of he nation and make appeal 10 pei
son 10 Congress, praying that laws be enacte
that will bring relief 10 the suffering ,toilers
and whereas, we learn with profoundest regre
that while journeying on this mission w. s
Paisley, citizen of the United States, whOr
none knew but 10 honor and respect, was she
to oeath by an officer of the law: therefore
b. il
Resolued, That the action of The said Office
In Staying an unarmed citizen was hasiy an
uuwarranted and should be condemned by a
good citizens.
A committee was appointed to attend
the details of the funeral, and yesterda
the money was raised to pay the eyDense
and Theodore Say nor was sent to Rockli
10 bring the body here.
A great dem monstratlon is expected at th
funeral, as several prominent Populists
have taken the matter in hand.
Not stolen Y-f.
A report was current Yesterday that the
body of the giant, Joe Sullivan. had beer
stolen from the grave by ghouls anxious TO
dispose of the cadaver TO museum or scien-
tific men.
InvaStiootiou rava ed tho font hot h