Evening star., 1932-01-31
RECEIVERS NAMED
FOR v. & D. D. RWy.
Line to Continue in Opera
ton, AppointeeS Say,
After Court Move.
BY a STAFF Correspondent of The Star.

BY a staff Correspondent of The Star.
ROSSLYN. Va, January 30.-Re-
ceivers for the washington & Old
Dominion Railway Co. were appointed
today by Judge Walter T. Mccarthy Of
the Circuit Court sitting at Fairfax.
The receivers, Wilton j. Lambert, preSl-
dent of the road and Washington at
tOrney, and former Senator Davis
ElkinS of West Virginia, executed bond
in the amount of $4,000. The re-
ceivership papers were filed by Wilson
T Farr Commemorative attorney Of
Fairfax County and attorney for the
road. on behalf Of the owners.
The control Of the stock Of the COM
pany now lies with the ElkinS family,
represented by former Senator Elkins,
it was stated today by Mr. Lambert.
Formerly more than 81 per cent Of the
stock was held by the Mclean estate,
and about As per cent by Elkins, but
an order of the District Of Columbia
Supreme Court last week directed that
the Mclean stock be turned over to
Senator Elkins, which has been done,
giving him the controlling interest. Mr.
Lambert represents the interests Of the
Mclean estate in the matter, he said.
Asked by Owners.
The receivership was asked by the
owners in an effort to work out the
affairs of the railway company, which
have been in poor financial condition
for some time, Mr.. Lambert stated. The
road will continue to operate and no
curtaiIment of service is planned at
this time. he said, although economies
of operation are expected to be worked
out.
THE receivers will try TO work out
the problems of the railway company
and put it on its feet" Mr. Lambert
stated. The road has been falling back
financially for several years he said,
and up until a court order last Sum-
mer forbid it considerable money was
put into the road by the Mclean estate
to enable it to continue operation.
The appointment Of the receivers is
not expected to affect the agreement
between the w. & O. D. and the South
ern Railway Co. under which the tracks
of the Bluemont division are leased
from the latter road, so long as the
road continues in operation, Mr.. Lam
bert stated.
The Great Falls division trackage is
owned by the line, as is its principal
terminal at ROsslyn. The company also
has Offices at Thirty-first and M streets,
Washington where the general execu-
tive work is carried on.
Company Formed in 1919.
The Washington 81 Old Dominion
line, once known as the Washington,
Ohio and Western, has been in exist
enCe as a short line railroad since 1912.
Prior to that time the Bluemont divis-
ion was operated by the Southern Rail
way Co. With the formation of the
new company the line to BluemOnt so
miles from Washington in the heart
Of the mountain section of Virginia,
was electrified at a cost of approxi-
mately 100000 and joined with the
electric line to Great Falls, IA miles
west Of Washington.
Inroads made on both the passenger
and freight traffic of the line by bus
companies was given by officials as the
cause of the gradual decrease in both
passenger and freight traffic. Recently
the road announced reductions in pas
senger fares to the lowest point in its
history in an effort to secure more
passenger traffic.