Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-01-01

panies. That You may more clearly
understand this, | Will further explain
by saying that the Fort Worth and
Denver City's tracks do not come Into
Fort Worth, but originally stopped ut
Hodge, a few miles north OF the city.
Several years ago the Denver Terminal
company was organized and the road
was built from Hodge TO Fort Worth,
and leased for long term to the Fort
Worth and Denver City. Then there
was a stretch OF about fifteen miles OF
track from Washburn TO Panhandle
City, which was built by what is known
as the Texas Panhandle Railroad COM
pany When the first suit for re-
ceivership was fled all three Of these
properties We're included The receive
ers were appointed and have control
now OF all OF them. Therefore. when
the holders Of bonds against the Fort
Worth and Denver decided to bring suit
to collect their interest and principal,
they evidently thought that they had
no bonds or claims against either the
Panhandle or the Denver Terminal
oompanlcs they would not intervene,
but bring n separate and entirely INDIE
pendent suit. When the Mercantile
companys suit comes into court II Will
be consolidated with the original suit.
and there viii be no difference in the
result than If there had been, an inter-
ventlon asked"
HAS the Gould interest anything to
do with the sult?'
Mr. Gould, or, so far as know, the
Gould interests, has no more to do with
the matter than the man In tile MOON"
replied Judge Greene.
"Then there are no conflicting traf-
fic elements, or antagonistic interests
involvsd?'
"The suit ia nothing more than an
effort TO collect debt which the road
owes to its stockholders. and there
is no antagonsm n hostile inter-
ests involved. In fact, the entire mat
ter has been anticipated for some time.
/ think a good deal OF the misunder-
standing about 1t has been created by
a Dallas reporter, who put two and
two together In order TO make story.
No. sir: there are no hostile interests
involved, and while the Mercantile
company brings the suit, it does so
merely as a trustee. The connection
which was made with Mr. Gould's Wis
II to Texas and this suit was also
far-fetched and had no basis for
truth"
Judge Greene was asked IL the re-
ports that there would be a change in
the receivershlps OF the Fort Worth
and Denver City had reached his hear
ing. and while he admitted that he
had heard such reports, he declined to
ulbCuss TINS DoTuon OI lne lllBdllous
1t 1t understood, however, that such
q change Is being mooted.
The road is now under the control
of Col. Morgan Jones and MIR. j. u.
Moore, n receivers.
1t is currently stated that the in
tercsts represented by Gen. Dodge are
In favor OF but one receiver, and that
one Of the purposes Of the generals
visit to Fort Worth was to bring about
that result
Receiver Trumbull will be in Pueblo
within day or so and the construction
of the new track between Pueblo and
Trinidad will be commenced. For some
years the Union Pacific, Denver and
Gulf has been leasing about 100 miles
of track from the Denver and Rio
Grande. The former has been paying
the latter the sum Of Sls0,O00 year for
the use of this stretch OF road-bed,
and when the Union Pacific, Denver and
Gulf went into the hands of Receiver
Trumbull the question of the validity
Of this contract was brought up. Judge
liallett of the Federal court at Denver
decided that he had the right TO in
validate the contract and has done so.
He authorized the receiver, however,
to offer the Denver and Rio Grandc
100000 for the rent OF its track from
Trinidad to Pueblo but the offer was
refused. Judge Hallett then authorized
the receiver to issue 100000 in re-
ceiver's certificates to build the gap,
and to begin the construction OF the
road was what hurried Receiver Trum-
bull home.
1t is understood that there viii really
be only about fifty miles OF track to
build. as some OF the roads leading to
coal mines can be utilized for the
main line. The Denver and Rio Grande
may. however. conclude to accept the
offer of 100000 for the use of It's track,
and If 1t should do so, It will OF course,
stop the preparations to construct the
parallel line.