Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1910-01-11

Central railroad regret very much the
necessity of a receivership, but in
view of the pending suits and the in
sistent demands of various creditors
no other course remained open"
This was the way the officials OF
the New Mexican Central railroad
took the action of Judge McFie when
he appointed Charles c. Murray of
Pittsburg and formerly of Chicago,
and who has been the treasurer OF
the road for the past six months, re-
ceiver of the railroad. He was ap-
poiuted receiver at o'clock yester-
day afternoon.
The appointment of receiver was
the result of the application of the
Independent Steel and Wire Company
of Pittsburg and which held a $12,-
600 claim against the road.
The news of the receivership last
night did not cause great surprise for
it was generally known for some
time that something had to drop" in
regard to the affairs of the road,
which had many creditors, it is said.
On Saturday, again yesterday morn,
ing and finally yesterday afternoon
creditors of the road were apparent
ly busy with matters which they did
not discuss in public and it was rum
ored that the road was to be sold to
eastern capitalists. This rumor, how,
ever could not be confirmed and then
a receivership was limited it. At the
final meeting yesterday afternoon the
plaintiffs were represented by Judge
Edward A. Mann and also by Attorney
John S. Wendt of Pittsburg who rep
resented also many bond holders. At
torney E. w. Dobson of Albuquerque
appeared for the company at the
hearing before Judge McFie. A mum
ber of creditors it is said were rep
resented by counsel here, and the
hotel registers showed fine array o.
legal talent in town for several days
but they were not formally brough
into the case.
! The railroad did not oppose the ap
plication for a receivershfp, but flee
an answer admitting the roads in
solvency, the claim of the plaintiff
and large Indebtedness.
Judge MvFie accordingly decided
that the need of a receiver was plain
ly indicated and appointed Mr.. Muir
ray whose selection it is alleged was
favored by several creditors of the
road His bond was fixed at $4,000
In speaking of the appointment O
Mr.. Murray Judge McFie said las
night: II understand that his worl
as treasurer of the road has beer
quite satisfactory, in that the road ha
become a paying business and i
would seem that he will be able tt
do still more for the road"
1t was rumored that there wer'
several men under consideration al
receiver for the road and that John P
Wagner, the well known civil engin
eer of this city and who has don
much railroad reconstruction work il
the east was among those mentioned
Claims Presented.
A number of claims were pre-
sented and partially discussed. bu
no action was taken. The matter O
litigation as to the rights of the othe
claimants against the road will b.
taken up later, it was stated on goo
authority today. 1t is also said tha
the filing of petition for receiver
ship was a "coup d'etat" sprung a
The eleventh hour for the creditor
Of the road had already obliged them
selves to take no judgment agains
the road until 80 days had elapsed an
the Goth day is today. For the pas
three months therefore efforts hav
been made to straighten out the al
fairs of the road but finding the kno
too hard to unite. the sword of tn
law was finally resorted to in order t
cut ii.
While none of the officers of tn
road has given out personal state
ment on the appointment of a recei1
er, the following is joint announce
ment made on behalf of the roads O
flclalS: