Putnam patriot., 1919-10-03
RECEIVER FOR
 TROLLEY COMPANY
Mortar F. Plant Estate Owns Over 90 Per Cent of Prop
 erty
President Perkins Receives the Alp.
 pointment

The Shore Line Electric Railway Co.,. which operates all trolley lines in eastern Connecticut, joined the large majority of trolley lines in the country Wednesday morning. when it's financial difficulties brought on an ap- plication for a receiver which was made at the superior court in New London before Judge Joel H. Reed.
 The hearing on the application was held in chambers and Judge Reed ap- pointed Robert w. Perkins of Nor wich, president of the company, as the temporary receiver, who is to qualify by filing a bond for S5o,o00.
 In statement made Wednesday evening Mir. Perkins said that the owners of the Shore Line have se- cured the appointment of receiver for the protection of the creditors. The condition under which the com pany has been laboring has been em- phasized by the strike, and would al- so have been emphasized, he said, had an increase in wages been granted, and what is to be the future of the properties in eastern Connecticut is a problem whose solution will demand cooperation of all who are ill any way interested in continuing trolley trans portation.
 The application was brought by the United States Trust Go. of New York and others, consisting of Mae Caldwell Haywood, widow of Morton F. Plant, Henry Bradley Plant, son of Mr. Plant, Francis De c. Sullivan and George L. Shearer, executors of the will of MT. Plant. Attorney c. B. Whittlesey of New London appeared for the petitioners and Attorney Ed ward NJ. Day of New Haven for the company.
 A hearing is to be held regarding the matter in New London Oct. IT at 9 o'clock in the forenoon. This meet ing, like the one held Wednesday, will be followed by an open meeting in court at the November session of the superior court in Norwich,
 The application states that the es- tate owns 6,921 shares of the 1000 shares of common stock, 2.S98 shares of the 8 ,000 shares of preferred stock, both at par value of $100, the $2,- 725,000 mortgage and outstanding bonds, $3,46O,000 of the $3,500,0 900 in debentures and practically over 90 per cent of all the awnings of the company.
 The plaintiffs set forth that the outstanding accounts must be paid and that actions are threatened that would interfere with the complete op- eration of the road and that it's assets are in danger of waste through litiga- ton and attachments.
 The plaintiffs allege that there IS urgent need of a receiver to take pos session of the property and franchis- es in order to protect the interests of the creditors and stockholders.
 In the superior court at Westerly late Wednesday afternoon Judge Her bert w. Rathbun, acting for the exec utors of the estate of Morton F. Plant, presented a petition for the appoint ment in Rhode Island of an ancillary receiver to take over the properties of the Shore Line Electric Railway Co. He stated that Robert w. Perkins had just teen appointed revolver by judge of the superior court for New London county for the Connecticut properties under bond of $50,000. The properties in Rhode Island in- clude the lines between Westerly, Watch Hill, Pleasant View, Weeka- pang, Ashaway and part of the Nor wich and Westerly system and al pur terances.
 Judge Dunn entered decree ap- pointing Robert W. Perkins tempor- ary ancillary receiver with power to operate road and make contracts for q period of three months. Bond si5,- 900. John J. Dunn represented the Shore Line Electric Railway Go.