Smyrna times., 1912-10-16
JARDINE HAS HARD LUCK
WITH HIS BOAT VENTURES
STEAMER ALPHA SEIZED FRIDAY
ON A CLAIM OF $e,225
Not Daunted, He Works About to Re-
organize Company With More Flat
tering Prospects Than Ever

tering Prospects Than Ever
A. E. Jardine, formerly of SMYRNA.
and for a number of years at the
head of the Smyrna & Philadelphia
transportation Company, figured in
an exciting chase last Friday to
secure possession of the steamer
Alpha, of the Atlantic City Trans
portation Company, at Atlantic City,
says the Wilmington Sunday Star.
Mr.. Jardine, is receiver of the COM
pany. Deputy U. S. Marshall Phillip
Schmidt, of Camden, N j., repres-
enting the Camden ship Building
Co., after II hours chase beat
Jardine out in getting possession of
the Alpha. Jardine at once protest
ed the race, but Schmidt and the
shipbuilding company are standing
pat, assuming position that it will
take legal procedure to straignten
out. The Alpha has been carrying
freight between Philadelphia and
Atlantic City for a number of years.
Last spring the Company decided to
have the Alpha overhauled, and she
was turned over to the Camden
Shipbuilding Company for repairs.
Shipbuilding Co. Hold Claim of So ,225
About the same time the bill for
a new steamer, built for carrying
passengers between New York and
Atlantic City, was handed to the
Transportation Company. This was
the beginning of the financial diff
Guilty and when the Camden Ship
building Company handed over a bill
of SO, 225 for placing the Alpha in
first-class condition her owners were
not ready to meet it. 1t became
evident that a receiver was inevitable
and Attorneys S. Conrad OFT and John
H. Carr libeled the boat. Shortly
afterward the other creditors busted
themselves, with the result that Mr..
Jardine president and general manager
of the Transportation Company, was
appointed its receiver. Attorneys
Robertson and Chandler acting for the
creditors notified Jardine to qualify
at once and proceed to take possession
of the Alpha and other property
Marshall Olcott, of Trenton lost no
time in notifying Schmidt to take
possession of the steamer in the
interests of the shipbuilding company
and the chase for possession began as
above mentioned. Deputy Schmidt
won out at Atlantic City at three
O'Clock in the morning taking posses
sion of the Alpha as she landed at
the wharf Later Jardine appeared.
He started to order the crew around,
and Schmidt started to explain.
Jardine listened, but he left the boat
only under protests. The attorneys
for the shipbuilding company declare
that no power in or out of the courts
can take the boat away front hem.
Jardine's Company to Reorganize
Financial embarrassments of the
steamer company that has been run
ming various steamers in and out of
Atlantic City will result in re-
organization of the company, says the
Philadelphia North American. This
will be done with greatly increased
capital, and will place the boat traffic
in and out of Atlantic City on much
better financial basis. The success
of their New York boat the new
passenger steamer Atlantic City
has awakened local capitalists
to the possibilities, and a new and
much stronger company is to be form
ed upon the ruins of the old. Various
conferences have already been held
with this in view. Heretofore the
business has been conducted under
great handicap, for the loss of two
steamers and the injury of a third,
all in brief space of time, put
burden of Indebtedness over the
company. What will probably result
is bringing together of the creditors
and the funding of the indebtedness
with the supply of enough capital to
construct number of steamers like
the Atlantic City, so that regular
service between New York and this
city may be maintained as soon as
deeper channel is constructed.
Meantime, under the rceeivership, the
boats are to be run on the usual
winter schedule. Experimental work
on the inlet channel is to be under
taken by the city at an expense OF
$25OO a month. A sand pump will
be used to agitate the sand, and an
effort made to permit the flow OF the
tide to do its part in deepening the
channel. The government IS TO
construct "sand sucker" dredge.
Chestnutting Parties Becoming,Popu'ar
ChestnuttinQ parties is now the ord