Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-08-07
RAILWAY FILES TRUST DEED
W., A. AND FALLS, CHURCH COM
PANY's OBLIGATION.
Conveyance Of Rights and Franchises
to Secure Certain Creditors.
Comment Of Attorneys

The Washington. Arlington and Falls
Church Railway Company late yesterday
afternoon placed on record here a deed OF
trust conveying all its rights, franchises
and property to William H. Clarke of Phila-
delphia to secure notes made by the COM
pany at different dates aggregating $4,000.
OF these notes. which are payable on de-
mand. $31, 800 is held by the Western Land
Association of Minnesota and 500, 500 by
Lydia s. Hinchman.
A similar paper covering the same
amounts and made payable to the same
parties was filed by the company yesterday
afternoon in the Office of the circuit court
Of Alexandria county, Va 1t is alleged that
the transaction created considerable excite
ment among the parties who have filed
suits for damages growing out of the re-
cent wreck on the railroad mentioned near
Clarendon There was a variety or views
expressed as to the purpose In view. and
the fear was expressed that a foreclosure.
If ordered would result in cutting out all
tbs claimants for damages.
Covers Old Indebtedness.
In speaking of the mortgage transaction
this morning, John s. Barbour, of the law
firm of Moore, Barbour & Keith OF Fair
fax Court House, counsel for the railway
company said that the trust Of $4,000 was
represented in nine notes, part Of them Is
sued to Mrs. Lydia Hinchmann of Philadei-
pha and part of them to the Western
Land Association. Mr.. Barbour declared
the additional mortgage upon the railway
property was intended to cover an old in
debtedness incurred through the construc-
ton of the Clarendon branch.
1T was to be expected that some security
would be given to the creditors Of the cor
poration." he continued land that IL what
these mortgage notes represent
Mr.. Barbour said the stockholders Of the
office yesterday. took steps to secure the
payment of all damage claims arising from
the recent wreck near Clarendon, by ap-
pointing a committee to investigate the
range. If possible. basis Of settlement
This committee will report at an adjourned
meeting to be held in September.
Mr.. Moncure's View.
widely different view Of the mortgage
deal was taken by Attorney r. c. L. Mon
cure, who represents the interests of the
patrons Of the Washington. Arlington and
Falls Church railway. and who Is counsel
for several of the wreck victims. 1--WE do
not like the looks of this transaction he
said, land there Will be a meeting of all
attorneys whose clients have claims against
the road at my office in the Alexandria
mean to discover just what Is behind this
new mortgage, and 1t is not entirely out
side the bounds Of possibility that applica-
tons may be made to force a receivership,
and thus safeguard the interests Of the
victims Of the wreck. many Of whom are
in dire straits owing to the accumulat ton
OF bills from physicians and others and
their inability to do any work"
Mr.. Moncure pointed to the fact that this
latest mortgage increases the Indebtedness
OF the company to more than 800 co. and
because the new notes have been made
payable on demand he argues, 1t may be
tuted at any time. thus securing the pay
ment of these prior liens before any dam
age claims are settled
Mrs. Lydia Hinchmann, holder of part
the president of the Washington Arlington
and Falls Church Railway. and the West
ern Land Association is said to be a COM
pany in which one Of President Hinch-
mann's sons Is largely Interested.
Object Of Meeting Tomorrow.
Crandal Mackey. attorney, representing a
number Of persons who have filed suits
against the Washington, Arlington and
Falls Church railway on account of the
Clarendon wreck. stated today that as a
result of the third mortgage which that
company Is said to have recorded against
its property there will be q meeting at
Ing, Of those who have filed suits against
the company, at which meeting the chief
thing will be to decide upon steps to deter
mine the character Of this third mortgage.
Mr. Mackey stated that he knows little
about this last mortgage other than what
he has seen In the pnpers and the further
fact that 1t was filed in Alexandria county
yesterday afternoon and in the district
court today.
Mr.. Mackey says the company has two
mortgages representing 100000 and with
this third mortgage the total amount is
$361. GOO. The total amount of damages
asked for by Mr. Mackey's clients. accord
ing to his statement, Is $6O.OOO!
special dispatch to The Star today
states that no information reYa riding the
transaction could be obtained at the gen
eral office Of the company in Philadelphia
The Messrs. Hinchmann, father and son, are
both reported to be at some point on the
seashore-the place not being designated
and those left In charge Of the business
were unable to make a statement. 1t -
said President Hinchmann has given orders
that no reporters are to be admitted to his