The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-04-02
PEE GEE TROUBLES
The Dashine Little Road Put Into the
Hands Of Receivers.
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WHOLE AFFAIR MYSTERIOUS.
President StillweII Denies All Knowl.
edge Of the Affair.
RfcElvfRsHlp PROBABLY FRIENDLY.
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Martin, Gillian and Tumble Named as the
Officers.
HAS BEEN UNABLE 70 MEET INTEREST
Fight on the Port Arthur Canal and
Galveston Wharf Charges
Are Attributed.

Kansas City, April "A reeeivership for
the Kansas City, Plttsburg and Gulf rail-
road was asked tonight OF Judge Gibson
of the circuit court by Charles T. Granuis
and other stockholders and creditors. Tho
application was granted aud Judge Gibson
appointed the following named officials OF
the road as receivers:
&C. l.. Martin, vice president; Robert
Gillian. general manager, and j. Mcp.
Trumbie. the attorney. all of this city
Considerable mystery seems to surround
the affair. President A, E.stiliNell of the
road, when teiephoned at hts home at
o'clock this Sunday morning, denied any
knowledge of receivership, 1t is believed
that the rocelyerahip is friendly one.
Tho interest due today amounted to
s575.ooO and 1t could not be met, when
this fact became known a movement was
inauFurated to secure the appointment OF
a receiver who would be specially friendly
TO the Eastern interests OF the road. This
move was checkmatod by tho preparation
OF the papers for the appointment Of local
receivers.
Judge Gibson was applied to late to-
night The petition for the appointment
OF u receiver was signed by. Charles A.
Braiey. r. A. silver and John a. Eaton.
OF tho law firm Of rrlmbie q Rraley. The
outstanding debt of the system Is $4,000
600 on bonds. The interest due today,
amounted to $4,000. The equipment Of
the system amounted from $4,000 TO $50,
900 per month. which consumes the earn
inss and diyerts them from the interest
fund.
The rcceiyership does not Involve
any interests in the Port Arthur sys-
tenn other than the main line Of the
Kansas City pittsburg and Gulf rail-
road. The Northern lines, the Kan
sas city. Suburban belt and tho Port
Arthur Canal and Dock company. to-
gether with other interests, are said
TO be on Arm financial basis.
The financial troubles that have In
volved the Pittsburg aud Gulf are d.
rectly attributable to the fight against
the completion Of the canal as it de-
priyed the railroad of terminal facin-
ties at the gulf for more than year.
and compelled the company TO make
use Of Galveston which necessitated
giving up very large share OF the
revenue that would ordinarily accrue
to the road.
Il. l.. Martin said tonight: THE appn-
cation was made In order TO prevent the
road from falling into the hands OF some
me as receiver who we know nothing
bout and whose methods OF handling
property could only become known TO the
stockholders as events brought them about
We are certain we represent the senti-
nent Of the great majority Of the stock
holders in our scheme for reorganization
and consolidation. | am confident in hve
pr six months the receiver Will have the
Affairs cleared up"
c. A, Braley said: 81 received an Until
nation that amove was on foot when the
interest was defaulted to secure the ap-
ointment Of an Eastern receiver. We
hen determined to keep the road in the
lands of Its friends and in the place where
t originated Kansas city enterprise and
Kansas City receiver should control It's