Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-09-09
MANY RuMoRo AFLoAT ~ rc
FINAL oisPos,rioN OF ALLAN.
TIC, NORTHERN 4 SOUTHERN.
FARMERS ON NORTH END
WILL PROTECT INTERESTS
Have Raised Funds to Prevent Bio
Corporations From oobbiins Road
Southern Farmers Without Protse.
tien-ciairns Of Burlington Road
Thrsatsn Complications.
Special to Times Republican.

CouHCH bluIS, sept. S.@lne near
approach OF the day for the receiver
ship sale Of the Atlantic, Northern
and Southern railroad, a line. built
almost entirely from funds advanced
by the farmers along the route. and
because Of which has come to be
known as the Farmers railroad, brings
to light numerous rumors concerning
the fate Of the line. the latest and
most important being to the effect thai
leading transcontinental railroad
will have bidders at the sale and that
the road is wanted in connection with
line to be inaugurated from Man
itoba to Galveston or Port Arthur,
planned to be ready for operation with
the completion Of the Panama canal.
Any sale that will reimburse the
farmers for the money which they have
put into 1t, something close to s1,OO0,-
900, will not be antagonized by them,
but sale planned to enrich the pock-
cts of some big corporation will be
fought and 1t is said today that the
farmers on the north end Of the line
have the money in sight with which
to protect their interests. 1t is said
that the stockholders on the south end
have not been so fortunate and this
fact may result in embarra ssment but
the order of Judge Arthur that the bids
must be submitted in separate parts
and for the north and south ends of the
line separately, IS expected to pro-
tect the, farmers on the north end
Question Of Priority Of Claims.
Referee Clovis filed a report with the
court yesterday in which he places the
claims against the line in the order
Of their priority, in accordance with
his views OF the case. In this re-
port the referee makes all labor claims,
boarding house keepers bills and such
like first liens upon the property to be
satisfied before anything else is paid.
In regard to the claim Of Ratten-
berg. Ross and Judd. promoters Of the
railroad line. who claim the road owes
them $4S.791. the referee holds that
the men are not entitled to mechan-
les lien, but recommends that gen.
eral judgment be issued to them to-
gether with interest at per cent. The
same recommendation is made with
reference to claim of the Rock Is
land Railroad Company Of about $4,000
and a similar claim of the Burlington
railroad.
A general Judgment sounded so good
to friends OF the promoters that many
OF them congratulated Rattenberg, Ross
and Judd on their good luck in getting
a sight Of their money To this Hans
Rattenberg today took the most pessi-
mistic view of the situation concern
ing their claim. He said they did not
expect to realize If the referees report
is Endorsed by the court next Monday,
single cent from their claim. Rat
tenberg said the general estimate
placed upon their claim by the public
under the terms of the referees re-
port, is erroneous and that general
Judgment means nothing unless the
road sold for big sum Of money.
1t is practically certain that the
Rock Island Railroad Company will ap
peal from the decision of the referee
should that decision be upheld by the
court when It convenes here Monday
to pass upon the A. NJ, and S. affairs.
And should the Rock Island appeal the
case will have to be taken to the SUI
preme court, which will take a good
deal of time and tie up the tax money
and other funds in the receivers hands
for an indefinite period. Many believe
that the Rock Island attorneys will
carry the case to the highest courts IN
the land rather than back down from
the position they have taken with ref
erence to their claims.
Complications From Burlington Claim.
The claim Of the Burlington railroad
also further complexities or threatens
to complicate matters. 1t is claim
also against the tax money in the
hands of Receiver Harlan This claim
in hA fo1a f,,fo nd
be considered in whatever action the
district court takes with reference 60
a sale.
Judge Arthur will be in Atlantic
morning to take up the ref
eree's report, and this being the date
set for the sale of the road by Re-
ceiver Harlan 1t must be acted upon.
1t is expected that a big battle will
enSue,