Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1910-01-11
NEW MEXICO CENTRAL RAILROAD
IN HANDS Of A RECEIVER
Application of Independent Steel and Wire Company of
Pittsburg Causes Judge McFie to Appoint Charles c.
Murray the Roads Treasurer
OFFICERS or COMPANY HOPE RECENERsHP IS TEMPORARY
And In Declare They Are Sangune Road VIII Finally
Be Built to Abuquerque-No Changes Likely
Among Employees.

Ou dppIlCdlIOH VI luG independent
Steel and Wire Company, h. A. Mann
its attorney, a receiver was appoint
Ell by Judge McFie this afternoon for
the New Mexico Central railroad-the
receiver being Charles C. Murray who
has been treasurer of the company for
the last six months.
The company was represented by
E, w. Dobson its attorney and in it's
answer admitted the allegations of
tne plaintiffs bill and consented to
the appointment of the receiver. Neill
B. Field Attorney General Clancy and
Fl. B. FERGUSON, representing GER
tain creditors and John S. Wendt of
PittsDurg, representing the bond
holders, were present at the hearing.
The bond was fixed at $4,000 and i'm
mediately given.
The officers of the company regret
very much the necessity of a receiver.
ship, but in view of pending suits and
the insistent demands of various cred
itors, no other course remained open
'The officers of the company hope
the receiyership will only be temper
ary and that negotiations now pend
ing will either result in the reorgani.
zation of the company or the obtain
ing of sufficient funds to satisfy the
claims of all creditors.
THE officers of the company are
still sanguine that negotiations now
pending will result in the building of
the road to albuquerque
so far as is known their is no dis
position on the part of the receiver
to make any material changes in the
personnel of the employees of the
road"
Prichard Opposes Selection.
Col. G. w. Prichard, attorney for
certain cerditors of the road, and said
to represent claims aggregating $685.
0c0 stated today that the selection of
M<.FMIray, treasurer of the road and
a resident of Pittsburg, is unsatis-
factory to him. II do not favor the
! selection of a man as receiver for the
New Mexico Central railroad or for
any other corporation doing business
in this territory, when such man is
J not resident of the territory The
reasons are apparent. | think a man
residing here and in close touch with
i the roads affairs could do better work
than one who is a nonresident"
| Asked is it is not true that ne him
self had asked to be appointed re-
ceiver for the road, the colonel smil,
ing admitted that it is true.
! Colonel Prichard, whose offices are
in the Laughlin building, represents
the Hicks Locomotive Car Works OF
Chicago for $4,000; Harry S. Friday
! on a judgment of $4,000; Robert Law
formerly president of the New Mexi
co Central railroad for a claim of sal
ary alleged due him for 1000; Rob
ert Law, also in the matter of a suit
against the same road for $4,000 on
alleged undelivered securities.
History of the Road.
| The New Mexico Central railroad
was built in 1902 and 1908 and oper
ated the first of the year 1904. 1t ex
tends from Santa Fe to Torrance, {
distance of 116 miles. The builders
of the road were Pittsburg capitalists
Just what the estimated value of thu
] road is or was has not been given ou
by officers of the company interview
ed yesterday.
The rolling stock of the road is sait
to be run down considerably how
ever, though lately the road has beef
placed on paying basis.
The Officers.
The officers of the road and thei
addresses are as follows:
Harrison Nesbit, president, Pitts
burg, Penn; w. S. Hopewell, vic'
president, Albuquerque, N. M; Johl
B. Finley chairman executive com
mittee, Francis j. Torrance, secre
tary, C. c. Murray, treasurer, John
Wendt, general counsel, Pittsburg
Penn; H. A. Coomer, general Ian
ager, and E. R. Paul, acting auditor
Santa Fe, N. M.