The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-21
RECEIVER TAKES 1T
METROPOLITAN WEST SIDE ELE-
WAITED, OF CHICAGO
Latest to Succumb to the All-ConsumIns
Appointed by the Court-Present Phases
Of the Union Pacific Negotiations for
Settlement and Proceedings In Fore
closure-Sioux City and Pacific People
Before the House Committee Christian
Endeavor Rates to San Francisco.

Endeavor Rates to San Francisco.
| Chicago. Jan. 20.-The Metropolitan
West Side Elevated road is in the hands
OF q receiver. A bill e to foreclose the
mortgage protecting the issue of $4,000
600 of bonds was filed in the federal
court this afternoon, and Judge Showal-
ter appointed Dickerson McAll!ster, the
chief engineer of the road, as the receiv-
err. The bill was brought by Adrian Ise-
lin. Jr, and George G. Haven of New
York. 10 whom the bond mortgage, as
trustees, was made by the company on
August /. 1892 The bill was simple
statement of a default in portion OF
last August's interest account, and the
charge that the road would be- unable 10
meet the February interest. The ans
wer Of the road admitted the charge or
being S37. 900 in default on the August IL
terest and unable to pay the February
interest due in few days. The failure
Of the road to meet its bonded interest
has been known 10 the financial pubic
for some time, and the proceedings OF
this afternoon, while unexpected, Great
cd no surprise An effort has been on
foot for some time looking to the extern
sion of the bond issue in order to tide
over the affairs of the company, but 1t
has been unsuccessful.
UNION PACIFIC AFFAIRS.
Chicago, Jan. 20-The Posts Wash
irgton special says: The settlement OF
the Pacific railroads indebtedness by a
friendly negotiation between the gov
eminent and the Union Pacific re-organ-
izat;on committee has been delayed. The
legal papers have been perfected which
were to make the government party 10
the pending foreclosure suits by the fill
ing of cross bills, but the president and
Secretary Carlisle and his official advis-
ers are not satisfied. it is said, with the
guarantee behind the s35,000,00G offer
made by the committee.
New York Jan. 20.-It is understood
that the government directors of the
Union Pacific will meet on Friday at
the Office IF the receivers of the conf
pany in this city to consider the queS-
ton of instituting foreclosure proceed
ings. No information from official
sources can be obtained regarding the
reported conference of Attorney General
Harmon with the Union Pacific officials
or the members of the reorganization
syndicate.
1t is reported that G. H. Patrick, gov
eminent director of the Union Pacific
railroad, left Omaha this morning to at
tend a meeting of the government direc-
tors to be held in New York next Fri
day. at the office of the receivers of the
company. Attorney General Harmon,
who arrived this afternoon from Wash
ington, is also expected to be present at
the meeting. So far as can be learned
the attorney general did not confer to-
day with any of the Union Pacific re-
organization interests.
SIOUX CITY AND PACIFIC.
Washington, Jan. 2O.-The Pacific rail-
road committee of the house today heard
statements from the parties interested
in the settlement of the Sioux City and
Pacifics affairs. The Chicago and North
western company, which controls the
Sioux City and Pacific, was represented
By ". NJ. Kirkman, its vice president.
who stated that the interests represent
ed by MIN would refrain from pressing
the Sioux City bill if the Harrison com
mission plan was adopted. They were
satisfied with that plan. as * embraced
the settlement of all the affairs of the
Pacific roads. The Sioux City Commun-
tation company was represented by John
L. Combs OF Boston and this interest
was siso favorable TO the scheme of
commission and hoped the powers of the
commission would be broad enough to
enable them 10 negotiate for any extern
sion Of :he Sioux City branch. The sub
which has charge of the
Harrison commission plan has not yet
held meeting.
CHRISTIAN ENDEAVOR RATES
Chicago, Jan. 20.--The roads OF the
Transcontinental Passenger association
have finished their meeting and adjourn
ell. II was decided that the round trip |
for the meeting of the Christian E,ndeav-
or society in San Francisco should be
si5 from the line of the Missouri river. |
and it was decided to ask the roads of
the Western Passenger association to
make a round trip rate of $50 from Chi
cago and $3.50 from ST. Louis. This the
latter organization will take up at Their
meeting some time this week. The con-
troversy over the rates of the San Fran |
cisco meeting was at times very ami |
mated as was claimed that some of |
the roads had already made contracts |
for a large share of the business before |
any rates had been adopted. 1t is not |
considered likely that the roads OF the |
Western Passenger association will |
agree 20 make a rate of $50 for the |,
Missouri river. which is practically what |
the Transcontinental roads have asked |
}: :hem.
Chicago. ian. 20-At the annual meet |
ng of the Union Stock Yards and |
Transit company today. the following di- |
'ectors were chosen: Nsthaniel Thayer, |
Boston; John Is. ShE7nen, 4. II. Win |
ston- A. II. Veeder, T.. j. Martyr. John |
J. Mitchell. James H. Ashby. At the |
board meeting the following officers |
we're elected: President Nathaniel |
rn&yer: vice president acd general man
ageT. John B. Sherman; second vice |
president, +. j. Martyr; general superin-