Daily press. [volume] (Newport News, Va.) 1896-current, 1906-02-08
Mr., Mason is to Receive $1,000
and Dr.. Perkins $1,000 as
Pay for Their Work.
R. G. B|ckFoRD GETS $4,000
Meosrs. Nelms g. Wise Awarded
$7,5oo-The Commissioners OF. the
Sale viii Each Receive $780,. v.
Rickford, Auctloneer, Gets $500
Mr.. Mason to Pay Receivers Bills.

An announcement that will prove
of much interest to this end Of the
Peninsula Is that the final decree
in the Hampton Roads Railway sale
has been prepared and that within
short time now the creditors of
the receivers will receive checks for
their money.
According to reliable information.
the decree has been agreed upon
and settles the questions of the re-
ceivers' Fay, the attorneys fees and
other matters that have been giving
the court much concern.
Receivers Get $4,000.
II is said that the court in the
decree allows MIR. r. |. a. Mason.
enc OF the receivers, the sum of
$1,000. while DR.. Carter Perkins. of
Newport News, the co-receivcr, is to
be paid 5000 for his services. MIR.
Mason is also allowed in the neigh
borhood Of 100000 with which to pay
off the Indebtedness of the receivers.
not including, of course. the receiv.
ers' certificates
Mr.. Robert G.. Bickford. the attor-
nev tcr the receivers, is awarded the
sum OF $4,000. while Messrs. Nelms
''oSb NouiioCi IUc SlOcKIlOlUGrS.
are to receive $500 The ATTORNEYS
for the Provident Trust Company of
Lancaster. Pa, are allowed 81 900
while the trust company is allowed
$500 as commission for loating the
receivers loans.
Auctionecr Allowed $500.
Mr.. James " Bickford, the auc-
tioneer who scld the road to the
Hampton Roads Traction Company, is
awarded the sum of $500 for his SER
vices and Messrs. William G.. l..
Taliaferro. w. j. helms, Robert G..
Bickford and Goodrich Hatton. the
four commissioners of the sale. are
each given $3.50 for their services.
Mr.. Robert &. Bickford filed
claim fer services as counsel for the
bondholders in addition to the S10,-
600 awarded him and this claim was
referred to special commission
Mr.. Henry Little, the special CON-
missioner, of Norfolk. named by the
court to take an account of the as
sets and liabilities of the old COM
pany. is to receive $4,000 for his
work. including the stenographers'
fee.
Mason to Pay Debs.
The order further directs that Mr..
Mason shall pay off the receivers
Indebtedness and it is likely that he
; VIII begin sending out checks to the
creditors within a week or ten
days.
BY his clever business methods Mr..
Mason saved the road from going
deeper into debt and his administra-
tion of the affairs of the company
proved highly satisfactory to Judge
Waddill. Mr.. Mason was ably as
sisted in his task by DR.. Carter Per-
kins, of Newport News. who was
named as a co-receiver about eighteen
months ago.
Enormous Amount Expended.
The enormous amount of money
sunk by the promoters of the Hamp.
ton Roads Railway and Electric Com
pany may never he fully known here,
but 1t is understood that the project
proved the financial ruin of many
men In Pennsylvania.
When the road was sold at public
auction it was bid in by the commit
tee of the bondholders. 1t brought
s250,O00 but when all the claims
against the road are paid. it is not
likely that much will be left for the
stockholders.