St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-10-26
JUDGE LACOMBE,s SUGGESTION
TO THE NORTHERN PACIFIC
FACTIONS.
ALL WILL ACT TOGETHER.
ROAD WILL BE MANAGED nv A
HARMONIOUS RECEIVER
SHIP.
HELD A MEETING IN NEW YORK
NJ Galloway to Attend to
Affairs at the New York
End.

NEW YORK, Oct. 25.-The ma++er 80
the Northern Pacific railroad receivars
was called by Judge Lacombe in tba
United States circuit court +oda-,
rms argument. is upon the no4io, oe
the Farmers Loan & Trust ooo,,ora.e-l ~
~ nave the court accept the res,ena,
ton of Messrs. Cakes .Pavne ana 30.
as receivers of the Northern Pacifio
80 ~ Tue appointment in their place
VI FRANK G. Bigelow and Edward w
,enry, ~ VINO mad first been appointed
NY Judge Jenkins in Wisconsin and
neSota. 40 1'i III
herbert Turner, for the Farmers
l-odn q trust company, asked that the
Ioui' appoint one receiver, who shall
nave me confidence of all moneyed
Aieli ana all railroad men in New Yorl,
etiu ne suggested the name of Robert
W. ualioWay, who was for ten wears
president of the Manhattan railroa Il
ana Is now president Of the Merchants,
Natlonal bank. Mr.. Cardozo. for the
ooilohoioers, protested against an in
crease In the number of receivers
Hlas II. Petit. general counsel for
.he northern Pacific company, argued
Aoi d Uniform receiV0rShiD
Judge Lacombe said: "I would sue-
sest that you get the gentlemen in the
w est 10 agree upon some personnel
IL they would select, it would he far
mere likely to result Satisfactorily
tnan II L thrust a man In. Let conn
gel representing every interest unitA
In letter to the courts of the Seventh
ana Ninth circuits to settle upon a
persocnef representing every circnit
through which the road runs Tbat
would be no infringement of iudic.aI
dignity. Or 1 will myself write To
the judges to urge them to get a
personnel. If the counsel sends such
letter l will indorse it readily
In the meantime the motion went
over until next week.
AN UNDERSTANDING.
President Brayton Ives, of the North
ern Pacific railroad, tonight gave to
the press the following statement:
conference of the highest imnor
lance In connection with the Northern
Faeii1e railway interest was held this
afternoon at the Office Of the company
IN s1ne. Mills building. All interests con
hectea with the pending differences
concerning the receivership were repre-
sented. Those present included Pres
ldenta Brayton Ives; Mr.. Turner. coun-
sci Tor the Farmers Loan & &Trust com
pany; Mr.. Cardozo, representing the
second mortgage bondholders. and Col
Fertlt, counsel for the railway. Their
preence was held pursuant to the
ADVICE given by Judge Lacombe when
the receivership question came up
again In the United States court in the
afternoon. His advice was that the
counsel Should unite on the appoint
ment OF receivers. over the whole line
and for that reason he decided not to
act on the suggestion to appoint Robert
M. Galloway, who was spoken of in
court as perfectly intelligent, able
ana upright man for that position.
ana generally acceptable. He is pres
ident of the Merchants National bank
and was the choice from the first of
PRESIDENT Ives, who suggested his name
over week ago. The opposing inter
est, however, demurred and sought de.
lay, expecting to gain thereby. and
hoping perhaps that Judge Laconobe
would confirm Receivers McHenry and
Bigelow, who had been appointed by
Judge Jenkins, of Milwaukee, who had