The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-01
RECEIVER FOR B. 60. S. w.
JUDsON HARMON APPOINTED BY THE
UNITED STATES COURT.
William Greene Not Named, as EX-
Dected-The Road to BE CONSOLE
dated with the II. a. o.

CINCINNATI, Dec. 31-The Circuit Court
of the United States at Cincinnati to-day. ON
the application of the Mercantile Trust Com
pany, of New York, appointed Hon. Judson
Harmon of Cincinnati former attorney gen
eraI of the United States. receiver of the
Baltimore & Ohio Southwestern Railway
Company c. c. Deming, of New York, and
j. w Warrington, of Cincinnati, appeared
for the Mercantile Trust Company, of New
York, and Herbert Z. Turner for the Farm
ers Loan and Trust Company, of New
York, and Edward ColSton, general counsel
for the railway company. consented TO the
appointment Judge Harmon has been gen
eral counsel of the company for years ana
was a member of Clevelands Cabinet. his
appointment has given great satisfaction, as
he is very conservative with the property
and has been for years associated as counsel
for leading railroads and corporations.
1t is expected that the receivership will
be of short duration, as the plan which was
promulgated for the reorganization of the
property will be speedily consummated. IN
der this plan ample provision is made for
moneys necessary to make substantial I'M
provements of the property, which, 1t is eX-
pected, will put it in a position to be profita-
bly, and advantageously operated. The plan
protects every interest, even to the pay
ment of coupons due jan l. as the syndicate
will pay face value of such coupons in cash
on all bonds deposited under the plan. Mr..
Edward r. Bacon, president, and Mr.. VIM.
M. Greene, vice president of the company,
will continue in their respective offices, and
Mr.. Greene has been put in charge of opera
ton under the receiver, the same as he oc-
cupied as vice president of the company.
he bo1 1Ide INF
for over $4,000 before Judge Rufus Smith,
of the Superior Court, the attorneys of the
trust companies this afternoon appeared in
the Federal Court and filed the usual appli-
cation for a receivership, based on the action
just taken in the state court After hear
ing in chambers, Judge Thompson appointed
Judson Harmon as receiver to take effect at
once. 1t was not until 5 p. m. that Judge
Harmon qualified as receiver by giving
bond for 100000, with the United States
Fidelity and Guarantee Company, of Balti
more, as his surety. There was a Lively
scene around Judge A. G. Thompsons court
from the time that Harmon was appointed,
at p. M, until he qualified and took pos
session two hours later. 1t was currently
reported that President Bacon and Vice
PRESIDENT Greene would be appointed as the
coreceiVeIS. 1t is understood that the court
was aVerse to appointing any one who had
been connected with the management of the
interested agreed on JudSon Harmon, gen
eral counsel for the company. When this
appointment was first announced it was still
considered among the proba bilities that Vice
President Green might be associated with
Judge Harmon, as Mr.. Greene has been in
charge of the operations of the property for
only a few weeks, having come here from
Baltimore, where he was general manager
of the Baltimore & Ohio. The delay from
p IN. to ) p. m. in Judge Harmon qualify
ing was not due so much to conferences over
an an associate receiver as to the fact that
Judge Harmon was not at first disposed
to accept the appointment, and when he'was
sent for at D. m. he did not qualify After
conferences with the attorneys of the trust
companies and others Judge Harmon APP
peared before Judge Thompson again about
p. m; and qualified by giving bond, after
which he proceeded to the general offices of
the railroad company and formally took
possession after being in conference with
president Bacon and Vice President Greene.
Judge Harmon is the senior member of
the law firm of Harmon, Colston Gold
smith & Hoadly, and remains in the prac-
tice Of law, as he does not expect this re-
ownership to continue longer than to next
March, and probably not half that long
Harmon was on the Superior bench for