Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1899-04-06
DECLINES TO DISCUSS PITTsBURG Il
GULF AFFAIRS.
RECEIVERS HOLD CONFERENCE
PROBABILITY OF COMPROMISE BIZ
LIEvED TO BE GAINING GROUND.
Attorney Green, Representing the Re-
organization Committee, Has
Taken No Steps to Gust the
Receivers-Is Prepaf.
ing His Report.

]. Med. Trimble, general counsel and one
of the receivers of the Pittsburg & Gulf.
returned from New York last night, where
he has been for several weeks in the in
terest of the consolidation plan. He was
met at the depot by Messrs. Gillham and
Martin and the receivers held a consulta-
tion at Mr.. Trimble's residence. What
passed between the receivers regarding the
attitude of the Eastern stockholders and
the consolidation committee could not be
learned, as Mr.. Trimble very firmly de-
clined to be interviewed, but stated that he
might have something to say in a few days.
"How Is the receivership regarded in the
East?" was asked Mr.. Trimble.
II have nothing whatever to commune
cate. 1 am very busy and you will have to
excuse me-" replied Mr.. Tr1mble.
The other receivers were alike noncom-
initial.
1t was the first time the receivers had
met since their appointment last Saturday
by Judge Gibson. but they appeared satis-
fled with their position. 1t was stated yes
terday that many of the Eastern stockhold-
ers had expressed themselves as we'll
pleased with the appointments and there
was little likelihood of contest.
Mr.. Gillham said yesterday:
THE receivers do not represent any fac
tion, but will operate the property under
the direction Of the court to the best in
terests Of all stock and bondholders. They
will not take up any controversy or any
question In the interest Of any particular
interest. ! say this not only for myself,
TrImsis." I'll sIse '0f 0o'h MI martin and MI
The probability that the differences be-
tween the factions of the Kansas City,
Compromised or settled out Of court as
stated in The Journal yesterday, has been
gaining ground. Messrs. Gillham, Martin
and Braley state that they are ignorant of
any such movement on the part Of any
". c. Green. the attorney for the re;
not gone into the matter far enough to
determine what action would be taken.
He has not met any Of the RECEIVERS or
was in Kansas City merely to get material
for a report and present it to the reor-
Ganization committee.
Mr. Haserman Intimates Compromise.
Mr.. Hagerman was more frank in his
statements and averred that it was pos
sible that the differences would be settled
out Of court, affairs so shaping themselves
that the committee would be satisfied with
remain in control; or they might arrive
at some other decision. At present there
was practically nothing to indicate future
The policy Of the receivers has been out
lined in that they will manage the prop
erty for the best interests of all concerned.
They are the agents of the court and will
have to do everything under Its direction.
The arrival of Mr.. Trimble will not make
any difference in the manner in which the
affairs Of the company have been conduct
ed, and 1t is asserted that they are har-
monious.
Advices have been received that the
courts of Texas, Louisiana and Arkansas
have appointed the same receivers. which
gives them control Of the entire line from
Kansas City to Port Arthur.
1t has been asserted that the manage
ment of the Pittsburg & Gulf has been
extrayagant. The freight tons per train
hauled by the Pittsburg & Gulf are great
er than any railroad in the country with
two exceptions and in many cases 1t is
the West. The management has its own
idea as to the revenue making power of a
railroad and has applied its ideas with the
effect that the train tonnage is gradually
increasing.
a communication from the reorganization
committee in New York. and departed last
night to meet with them on Saturday. Mr..
Stilwell said yesterday that business con-
nected with the Trust company compelled
his presence in New York and that it had
nothing whatever to do with the Pittsburg
there, he might take some steps that would
lead to the early consolidation of the
Pittsburg & Gulf interests. but he did not
contemplate action along that line.
1t was reported on good authority that
Mr.. Trimble brought back with him the
assurance Of some Of the heaviest bond
holders and a majority of the reorganiza-
tion committee that they were perfectly
satisfied with the receivers appointed BY
Judge Gibson.