The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-10-11
PRICE ONR CENT.
M'DBRMOPP THE RECEIVER.
Named to Take Charge of the City
and Suburban Railway.

President of the Road Appointed
by Justice bradley Despite the
Opposition Of the Minority In
tereStS-Bond Fixed at 100000.
Allen l. McDermott was today appoint
ed receiver Of the city and Suburban Rail-
way. one Of the constituent companies Of
the Washington Traction and Electric
Syndicate. His bond was fixed in the
sum of $1,000 and he win Immediate
ly take charge Of the affairs Of
the property as an officer Of the
District Supreme Court. Mr.. McDer-
mott is President Of the City and Subur-
ban. He was formerly President Of the
Washington Traction and Electric Com
pany and is now receiver for that con-
cern. under the order OF the Virginia
courts. The present appointment there
fore. is entirely in line with the plan Of
procedure looking 90 a reorganization OF
the syndicate system. which the control-
ing interests Of the system are under
stood 10 be carrying out
Justice Bradley who appointed the re-
ceiyer today ignored the application for a
receiver filed a month ago by a number
Of the minority stockholders Of the city
and Suburban Line and made the ap-
pointment on the application Of the syn
dicate interests filed only two weeks ago
This action is construed TO mean that the
court considers the syndicate the right
fuI manager Of the affairs Of the eompa-
ny, and entitled 10 take such action as it
may see lit toward disposing Of it. by
sale OF otherwise.
The appointments Of the receiver for the
City and Suburban grows out Of the fe-
tiuon Of tine United States Mortgage and
Trust Company. the United States Elec-
tric Lighting Company. the Anacostia and
Potomac River Railroad Company, and
the Columbia Railway Company. judg-
ment creditors TO an amount aggregatiug
S24 90 These companies were represent
ed by 8IcKenuey & Flannery as coun-
sci. Judgment was obtained by these
companies some time ago for this sum
for moneys loaned the City and suburb
an or notes which were not paid when
due.
Messrs. Hamilton & Colbert and Leon
Tobriner represented the minority stock
holders OF the company, and their petit
tion for receiver asked the court TO de-
lay action in the matter until Tuesday
next. in order that some phases OF the
controversy might be presented
Mr.. McKenney, representing the judg-
menJ creditors. the syndicate, informed
the court that Charles F. Williams John
F. Shea. and stephen Gatti. the minority
stockholders, had filed a petition similar
10 that presented by the creditors. n
which tEey alleged that the road was In
solvent and asked for the appointment OF
a receiver Under the circumstances. con-
sideriug the length Of time which had
elapsed since the fling OF that peti-sOn by
the minority stockholders and the pub
licity which the matter had been given
by the local press Mr.. Mckenuey stated
that he saw no reason 10 delay action
The court cOinclded with this view Of the
matter and named Mr. AIcDermott as the
receiver, requiring him 20 give bond IN
the sum Of $4,000 for the performance OF
his duties.
j. j. Darlington. counsel for the City
and Suburban Railway Company. was
present but made no objection 20 the nam
ing OF a receiver for the road.
IL is understood that the syndicate in
terests intend to ask that the City and
Suburban be sold at auction by the re-
ceiver- If this is done the syndicate viii
be able, by buying IN the property for
the amount OF the bonds Of the company.
10 keep the minority stockholders out Of
any benefits