The evening times., 1899-06-30

adjudication and settlement or claims
against the receivers and claims of credit
ors the determination Of allowance to the
receivers. and all questions regarding the
discharge of the receivers and the settle
ment of their accounts. Copies of the Pc
tition and order were sent by messenger
to the courts in other States through which
the railroad passes and which are not un-
der Jurisdiction OF Judges Goff and Morris.
The New Securities.
In accordance with the reorganization
plan, the petition states that the company
has issued its prior lien mortgage 1-2 pei
cent gold bonds Of the par value OF S1o,-
600. 900, and secured them by mortgage deed
OF trust to the Mercantile Trust Com
pany of New York; its first mortgage 80
year per cent gold bonds to the aggregate
amount of $50. coo. 900 par value, secured by
mortgage deed of trust to the United States
Trust Company of New York; per cent
non cumulative, full-paid and nom asses
sable preferred stock to the amount oil
100000 900 par value, and full-paid. non
assessable common stock to the amount oil
$4,000. 900 par value.
In order to carry out the terms OF settle
ment provided under the plan Of reorsani-
Zation. the petition states, 1t was found
necessary to preserve uncanceled the L.
ing to $500, 900. Because of the short
time available the ss.4S7 200 Of these bonds
held by the reorganization managers had
to be deposited as collateral security for
the new per cent bonds.
Obligations Unpaid.
The following obligations. the petition
states, have not been paid, because not
due or maturable or because not presented:
trust No. l. issued 1887, s250,O00; B. and
o. Equipment Association, series b. $780,
900; Murray, Dougal & Co., notes, s16l.
29i.1O; wheelage contracts since March /,
1895. $4,000, principal; B. and o. equip
ment obligations. under order Of court,
May q. 1896. S219, 900, principal.
Receivers certificates-Issued under or
der of court May q. 1896, $4,000, princi-
pal; issued for Pittsburg and Connellsville
Railroad, 500. 900. principal; issued for steel
rails s51 GOO. principal; issued under or
der of court November 20. 1896, $4,000:
Loans-Due Mercantile Trust and De-
posit Company, 100000.
Messrs A. s. Dunham and Arthur L. Spa-
mer, special masters. filed their second re-
port yesterday. The following receivers
certificates have been cancelled by the spe-
cial masters: s4.934.0 900. issued under the
courts order of May 81 1896; $SsS.000. is
sued under the order OF November 20.
1896: $500. 600 issued for the Pittsburg and
Connellsville Railroad, under the order OF
November 81. 1886. and $4,000. issued for
steel rails July 10. 1897.
Proof of the payment Of the following
obligations was presented the receivers by
the railroad company:
Equipment Obligations-Baltimo and
Ohio Equipment Association. series A,
$500 900: series b. 5000 900.
Railroad Wheelage Trusts-Contracts OF
receivers since March l, 1896. $3.50. $685. 20:
Baltimore and Ohio Equipment obligations
under order of May 81 1896. s2.51s.ooo.
Proofs Of Payment.
The Baltimore and Ohio Railroad Com
pany also presented proof Of the payment
of the following car trusts, to which the
receivers are party:
Fairport Line. $404.1 Burnham. VIII
liams & Co., s2e4 900: Pittsburg Locomo-
Car Works. $50. 800: Michigan Peninsular
Car Company, s216 700; Puliman's Palace
Car Company, 81 800 $50; Pittsburg June
ton Railroad S5S4 900; Monongahela River
Railroad. S2i3. .9i5; West Fairmont Coke
and Coal Company. 5000; CASTOR Coal
Company, $4,000: Montana Coke and Coal
Company; $4,000; Burnham. Williams &
Co, $40. 1857: car float warrants, $iS.sO0:
receivers car trust warrants under order
Of December 3. 1898, 81 .S51 900: Maryland
Trust Company. s.. .2s3, 900, and Mercantile
Trust Company, S250,00O.
Besides these. proof was presented by
the payment Of liens represented by notes
of the company. Among them was note
of 81 900, 600 to the Mercantile Trust Com
pany Of New York. on which judgment was
obtained February 90 1896. Another was
a bond for $500 900, representing the bal
ance due the city of Baltimore for the
purchase Of the city's interest in the Pitts
burg and Connellsville Railroad.
Work of the Rece' ,ers.
Receivers were appointed for the Balti-
more and Ohio Railroad on Saturday May
%, 1896.
During the receivership the condition of
the property has been vastly improved.
Thousands of tons of new steel rails have
been laid and are still being put down:
bridges have been rebuilt, grades have
been cut down, tracks Strengthened. nearly
80, 600 new freight cars have been added to
the system and over 100 new locomotives
have been put to work. New passenger
cars have been built and those already
owned have been placed in frst-class con-
dition.
The officers of the new company are:
President. John X. Cowen: first vice presi-
dent. Oscar G.. Murray; second vice presi-
dent and general manager Frederick d.
Underwood; treasurer. W. II. Ijams; Sec
retary. Custis W. Woolford.