New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1917-08-31
REMOVAL OF
RECEIVER ELY
is DEMANDED
PETITION SAYS HE HAS
SPENT $I4,94O.6S RAIL
ROAD FUNDS FOR PERSON
AL AND TRAVELLING EX-
PENSES FOR HIS BENEFIT

{ NI4sC-1 = ~ As AAAfJ S1lAN LA L l.
I Attorney Francis c. Wilson, attor-
ney for the Pittsburg Trust Company
has filed petition in the district
court for the removal OF Ralph c.
Ely as Receiver of the New Mex
leo Central railroad which sets out
numerous specific reasons why he
should not be longer entrusted with
the management of that important
trust. Among the improper actions
of Mr. Ely, charged in the petition
are the following:
l. Since the removal of Charles c.
Murray as receiver and the appoint
ment of Ralph c. Ety. he has drawn
against the trust fund in his hands
as such receiver up to the lst day
of July, 1917, the following amounts !:
February, 1915, $467OO; March, 1915,
$475.0O; April, 1915, $25000; May, 1915,
$4,000; June, 1915, $4,000; July, 1915,
$4,000; August, 1915, $4,000; Scptem-
Der, 1915, $457.50; October 1915, $402
50; November, 1915, $47665; Decem-
Der, 1915, $l52712; January, 1916,
$65O9l; February, 1916. $4,000; March
1915, 10000; April, 1916, $3.50; May,
1916, $45OOO; June, 1916, $65OOO; July,
1916, $540O; August, 1916, $27500;
September, 1916, ssos.OO; October,
1916, $625.OO; November, 1916, $65000;
December, 1916, $4,000; January, 1917
$4,000; February, 1917. $4,000; March
1917, $95000; April. 1917, $77500; May,
1917, $650OO; June, 1917, $650OO; to-
tai, $l494O68
That the amounts have been drawn
by said Ralph c. Ely as receiver ont
of the trust fund in his hands with
out authority of any character and
for no authrized purposes, that such
amounts were so drawn solely on
account of his personal interests and
needs and operate to place him in
the position of a debtor to the trust
fund in his hands, all of which has
been illegal and without right, and to
the detriment of the Pittsburg Trust
company as trustee for the bond
holders, or any other creditors. pre-
ferred or otherwise, who are inter
ested, and said sums are wholly in
excess of any possible amount which
the said receiver could hope to OBJ
tain in any future allowance or al
lowance by this court for his serv-
ices as such receiver; and in the
event of his being unable to repay
any amount or amoAnts to said
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