Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1895-10-04
NEW NORTHERN PACIFIC RECEIVERS
Edward w. Mciienry and Frsnk G. Bige-
low the Men.

Edward w. McHenry and Frsnk G. Bige-
low the Men.
Milwaukee. Sept. Backward w. Nc
Henry, of st. Paul, chief engineer of the
Northern Pacific railway, and Frank q.
Bigelow, banker of this city. were APP
pointed receivers of the Northern Pacific
road by Judge Jenkins this morning.
Bigelow is to be known as the financial
receiver, and will have charge of all mat
ters pertaining to the finances Of the
property. McHenry. who for years has
been chief engineer of the Northern Pa
cific, and knows every inch of the road
is to have charge of its operation. The
new receivers are ordered to file bonds
of 100000 each within ten days, and re-
port to the court in the same manner as
their predecessors. If at any time the
appointment of third receiver is neces-
sary the appointment will be made.
w. ID. Van Dyke, who appeared for the
second and third mortgage bondholders
opened with the suggestion that unless
the court had already fixed upon the ap-
pointments, Thomas r. Lowery, of MINI
eapolis. be appointed.
II have given much thought to the sug
gestions of Mr.. Lowery and of other
names that have been suggested to me
and SUCH as have occurred to myself. The
court thinks 1t pertinent to say by what
consideration 1t should ge guided in max
ing the appointments Of receivers. To g
certain degree the practice of railroad re-
ceiverships has obtained for parties to
agree on more names and suggest them
to the court. The appointment usually
follows, as a matter of course, for II the
parties concerned are contented the court
may well be satisfied. Such receivers
have severa1ly represented conflicting in
tcrests uniting for one purpose. AS the
fight wakes warmer between the fac
tons. the heat of the conflict extends
IN l..k la. hoo
war of factions among the officers OF
the court.
Now comes the question in hand. The
receivers to be appointed by this court
must come within the definition of the
law as l construe 1t. They must be men
entirely Indifferent to the contending fac
lions. They must have no connection
with the fight. They must be men who
are strict and impartial. and who will per
form the duties in devotion to the trust
and with no Interior motives to serve.
With respect TO the name of Mr.. Lowery,
he Is president of the 500 railway, line
supposed to be operated by and in the
interest of the Canadian Pacific, which
is competing line with the Northern
Pacific. and although 1t has been sug-
gested to me that Mr.. Lowery, II appoint
ed, would resign that position, the court
is still very DESTROYS that the men to be
named should. IL possible. be like Caesar
wife--'above suspicion and free from any
relations with anything antagonistic to
the Northern Pacific"
When he concluded Judge Jenkins in
structed the attorneys to draw the order
and he would sign 1t.
Herbert Il. Turner, attorney for the
Farmers Loan and Trust Company, ex-
pressed satisfaction at the wisdom dis
played in the appointments. which. he
stated. would be most satisfactory to the
interests he represented.
IVES AND PARTY DISSATISFIED.
st. Paul. Sept. 2S.-Mr. Ives and party
left for the west this afternoon. Before
leaving the feeling of the entire party
was well stated by one prominent stock
holder, who said:
THE appointments made by Judge
jenkins today are not satisfactory to the
reorganization committee, the second
mortgage committee. third mortgage
committee. the trustees nor anybody
else"