The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-03-05
ANSWERED. NJ
DEMURRER |. II
Flied OH Part Of State ii Coli
nection h6Appointmcl1t
of Receiver.
.coLLusIo N \! IS CHARGED e
Declares That the Road LAS
< Earned EEnough for ss'ee'v'r Several n.
Years to Pay Dividends.

Especial to The Tin1es-
I,Ai,I1IC Ir. N. e., March d.--Atto rney-
General Gllnier flied in tho United STATES
District Court tlils morning the answer
and demurrer OH the part Of TIC state
Ia the complaint Of *. s. Finch, OF
New1Yorls, oil which Judge .Purneli Z, APP
pointed Captain v. n. NfcBce receiver
"a" tho Atlantic and North a Carolina
RAILROAD I. It is about five columns and
sctsl ont that Finch Is not n stoo kh0luet
according to tho records OF tho company
nj the time the application was made;
that there was collision between h1nch
and NcBee showl, by the manner tlc
stock was gotten, the hnsty withdrawal OF
E1EcBee's bid to lease tho road ana the
application for the receiver.
contention Is inado that the court mas
no jurisdiction, for tho reason that stock
held by Finch Is worth less than 1000,
only si,775 at s35 per share THAT the
road hns been earning enough Tor sev-
eral years to pay dividends but the
profits lave by order or tho directors
been applied to improve mcnls.
The answer AYERS that the road earned
net SIS, 1925 in 1908 and similarly large
amounts during tho three years previous
that the improved conditions have al
ready induced the tender or bids tic lease
tho property TINT would average s per
cent. Ion tho stock, and that IN all rnat-
ters pertaining to the road the Governor
has been actunted by q desire to obs
tain tho best results for the State and
private stockholders. 85s
,rle hearing Is to be March 10th, by
Judges Smonton aud Purnell.
WANT BETTER DEPICTS.
Manufacturers Club. of High Point, has
applied to the & Corporation Commission
for a visitation by the commission TO In
syestigatef tho needs Of the town for more
adequate freight and passenger denots.
rho complaint is that tho freight depot
has been finished seven months but has,
owing to litigation, not yet been opened
They complain, too, that the passenger,
depot Is far from adequate to the needs
of the place. No date for the investiga-
ton has yet been made.
Tho State Auditor issued warrants on
the State TREASURY for the amounts ap.
5portioned to the various counties out OF
tho second hundred thousand dollars to
bring the school terms in those counties
ZIP to the four months minimum limit
There are fifty-seven counties that re-
lceive appointments, tho other counties
OF the State having money Of their own
to run the schools four months or longer
The largest amount to any county Is TO
Cleveland, which gets $4,000. The total
amount paid out Is sS9,943.24
The Secretary Of State charters the fol-
lowing enterprises: Ezell &, Myers CO., OF
sCharlotte. with $4,000 capital authorized
aud $1,000 subscribed, by ]. j. Ezell, ~
81 and Rawlinson Myers. The company
Will deal n#painters', builders and deco
rators' materials. sa8af. E
The Bowers-Wh!te II,mbcr Cos, Of Scot
land Neck With $4,000 capital
The Thompson pesram Co, OF ,Stanly
Creek, CASTOR county, with $500 capi'
tai authorized and $4,000 subscribed by
W.. G. Thompson, Il. L. Pegraln and oth-
ers, The company will doin general mer--
camilla business. \,
The Murphy IN ca Furniture Coz with
$50, 900 capital authorized and $4,000 sub
scribed by r. r. Cooper and Others to
operate lumber mills and a furniture fac
tory. M afBl 4{g, A u - p 4,
The stotall Manufacturing CO.. stovall,
Granville county. The capital is $4,000
and the principal incorporators are ~
B. Patrick and d. a. Burweli.