The herald and news. (Newberry S.C.) 1903-1937, January 07, 1908, Page SIX, Image 6
SEABOARD RECEIVERS AP
POINTED.
Warfield and Williams Take Charge
of the Road-Judge Pritchard
Enters Decree at Richmond
Placing the Property in
the Hands of Two
Receivers.
Richmond, Va., January 2.-Judge
Pritchard, Judge of the United Sta
tes circuit court, entered a decree to
day naming S. Davies Warfield, of
Baltimore, and R. Lancaster Wil
liams, of Richmond, as receivers to
take immediate possession of the pro
perty of the Seaboard Air Line rail
road. The bond of each was fixed
at $50,000. By the decree the receiv
ers are empowered to borrow money
if needful to pay auch rental as may
become due, purchase cars, etc., and
pay for labor and supplies, but not
for any other purpose without an or
der of the court having prim:ry jur
isdiction. They are ordered to pay
forthwith all instalments and inter
ests that were due and payable Jan
uary 1, 190S, notes or trust equip
ment certificates and all coupons and
interest maturing Ja;uary 1, 1'08,
on the first mortgage bonds of the
Seaboard Air Line, and anibraced
roads suci as the Raleigh and Gas
ton, Raleigh and Augusta Air Line,
the Georgia-Carolina and the eon
solidated mortgage bonds of the Car
olina Central.
The language of the decree regard
ing payment of interest is that the
receivers "are hereby ordered to
pay forthwith all instalments and
interest that were payable January
1, 1908, or on any equipmemt notes
or equipment trust certificates of the
Seaboard Air tine, or of all of its
subsidiary companies; and all cou
pons and interest maturing; or that
matured January 1, 1908, on the fist
mortgage bonds of the Seaboard Air
Line Company, the Raleigh and Gas
ton Railroad, the Raleigh and Augus
ta Air Line, the Georgia-Carolina and
Northern Railroad, gnd the Florida
Central and Peninsula Company, and
of the first consolidated mortgage of
the Carolina Central and of the
Georgia, Alabama and Florida Cen
tral and Peninsula Railroad Com
'pany, and the first mortgage bonds
of the florida West Shore R.ailway,
and the first mortgage land grant ex
tension bonds of the Florida Central
and Peninsula Company.''
The receivers are dicted to bor
row money to make such payments.
The receivers also are directed to
take immediate possession of all and
singular the property of- the corpora
tion in all states, and to continue
the operation of the railroad system,
and to run and operate tne said rail
roads and such other -property as is
held by the corporation and in such
manner as will in their judgment
produce the best results, and to ex
.ercise the authority and franchises of
the complainant and ito conduct sys
tematically the business occupation
of a common carrier of the passen
gers and freight. They also are or
.dered to direct and protect the rail
way property as it has formerly been
controlled, so that it may be advian
tageously used and developed.
They are empowered to employ
and discharge aid moreover to fix
athe compensationi of sueh employees,
1eounsel, lawyers, supesrintendents,
sagents, etc., as are needed for the
idischarge of their duties. In reply
to inquiries by a representative of
the Associated Press, John L. Wil
ilams & Sons, one of the partners of
'which firm John L. Williams, was
mnade one of the receivers, expressed
themselves as very 'well satisfied
with the situation, whieh they be
Gikve will quickly lead to a complete
4reorganization of the management
land so enalble the property to resume
its position in thre upbuilding of the
south. They view the present ar
'rangements as. a union of the Wil
liams interests in the system, which
:heretofore have be-en strongly anta
gonized, and the preliminary steps
rtoward harmonious action for devel
~opment and the earning of profits.
iThe title of the case in which the de
tcree is entered is: ''Se2board Air
'Line Railway Company, against the
Continental Trust Company as trus
tee under the first mortgage made by
:the Seaboard Air Line Railway, de
ifendant.''
The bill filed in the caso gives a
tabulated financial statement of the
$Seaiboard -earnings and charges of
the three last fiscal years, including
its water lines and not including th
titlanta and Birmingham Air Line
Railway, thle Tallahassee, Peire'e and
Southeastern Railway, the Florida
'East Railway and the Plant City,
Arcade and Gulf Railway, and adds:
"It thrs appea2rs that while the in
ercare in gross earnings from opera
tir' for the year ending Junre 30.
'1906. over the pecedir- year wa-s
i$1,598,076, the increase f r the same
* prioa in operating iepta:ses and
the increase in gross earnlings from
.operations for the jcar eading June
30, 1907, over the precedi.ig year was
$1,404,162.S3, the inc ease in opera
.ting expenses au. iaxes was $2,514,
'559.93, more than $1,000,000 in ex
teess of the increase in earnings.
The action of the court caused no
<surprise in Richmond, as it was
'known here that the petition was
presented at Danville on the previous
snight and would certainly be grant
-ed.
Messrs. Wm. R. Byrn, of New
York, representing the railway and
interests; Samuel Untermeyer, of
New York, counsel for the Continen
-tal Trust Company; Juage Leigh R.
Watts, of Portsmouth, general coun
sel for the Seaboard, and Hon. Eppa
Hunton, Jr., of Richmond, went to
'Danville Wednesday nibght, me'
'Judge Pritchard and returned with
'him to Richmond today. The matter
was decided some time early in morn
ing and Clerk Joseph P. Brady en
tered the decree -shortly after 10
'o'clock.
This afternoon Edwin T. Baert
jer. counsel for a committee of Balti
more bondholders independent of the
interests rep'esented by Messrs. Wil
'liams and Warfield, appeared before
'Judge Pritchard and submitted a
third receiver. He urged no obj"c
tion to the appointments already
made, but asked that Gustavus Ober,
a Baltimore banker, be made a thir3
receiver.
In continuing the motion until
January 14 Judge Pritchard observ
'ed that if another receiver was to be
appointed he thought he should be
chosen by the court independent of
any suggestion from the interest mak
ing the application..
The bill in equity filed by the rail
way company is a voluminous docu' i
ment, and it sets out in much detail 4
the reasons why receivership proceed- a
ings are looked upon as necessary.
REPUBLICAN CONVENTION.
None of the Candidates Certain of
Nomination-An Open Field
So Far.
Washingion, Jan. 6.- (Special)
The Republican National convention,
when it meets in Chicago on June
16, will contain 980 'delegiates. This 1
number was fixed when the R:epubli
can National committee m-et here in
Washington, on December 6, and al
lotted two delegates to each of the
territories. Each state has two del-1
sgat'es for every senator and repre
sebativ'e in congress.
It will take 491 votes, a majority,
to nominate. None of the candidat
es mentioned has anything approxi
mating the number of votes necss
sary. No delegates have been elket
ed or 'even pledged by the action of
party convention to, Secretary Wil
liam H. .Taft, except six from Alas
ka, and this number has been eut
down to two 'by action of the nation
al committee. Grave doubts are en
tertained as to whether Thft will get
a majority of the delegates from
.Ohi\ his own state. The 54 votes
of Illinois, are committed to Joseph
G. Cannon, and in addition, two dale
gates have been elected and instruet
lel jr him ini the eighth Michigan
district. However, under 'the' call of
the national committee, thlse 'two
delegates must be elected over again.
Vice President C,harles W. Fair
banks will get 30 votes of Indiana,
and Senator Lafollette is expected
to have Wisconsin's 26 votes. G~ov.
Hughes of New York is far from as
sered of the 78 votes of that state.
~Senator Philander C. Knox, of
Pennsylvania, hias the 68 votes of
that staite pledged to him by the un
animous action of the Republican
state convention. He thus has more
real, visible strength than any otaer
candidate. His record in the Roose
velt cabinet and in senate has male
~im strong in all parts of the coun
try so that there are several other
state delegations that consistently
can be placed to his credit. The vast
majority of states are fighting ter
ritory for all the candidates. Sena
tor Knox's fri'ends are aetively en
gaed in laying his claim's before the
voters and they expect him to go in
t the convention with a formidable
nmber of delegates supporting him.
From the first the Knox people hays
refrained from any sort of pyrotech
nical politics and the steady growth
of his strength is leaving a more sub
stantial impression' than that of any
other candidate.
When They Are Quiet.
Bohemian.
I like to go to church.
Why?
WVell, it 's comforting to see a man
keep a hundred women or so. quiet
FAMOUS TRIAL.
Man Accused of Complicity in Goe
bel's Murder Pleased With the
Outcome.
Georgetown, Ky., Jan. 4.-After
being out more than 48 hours the
jury in the cate of Caleb Powers,
tried on a chat of complicity in
the murder of William Goebel, today
reprrted for the second time that
they were unable to agree upon a
verdict and were discharged by
Judge Morris.
This was the fourth trial of Pow
ers. In two of the former trials
Powers was convicted and sentenc
ed to life imprisonment and in the
third trial he was also convicted and
given a death sentence.
The jury stood 10 for acquittal and
two for conviction. Foreman J. L.
Price and J. W. Renaker, a juror
tom Harrison county, Ireld out for
conviction.
Powers was showered with con
gratulaticns. He said:
"I am pleased."
There came near being an acquit
tal today. Mr. Renaker made a pro
position to Mr. Price to vote for ac
rluittal. Price held out. althongh a
sick man. Renaker thereupon said
e would vote with Price. C. J. Mar
shall first voted for conviction, but
soon changed. The jurors were great
ly wrought up. There was much ill
reeling among them. After the ver
lict was read in court bwo of the ju
rors shook Powers by the hand and
ictually cried.
Judge Morris overruled the motion
Eor bail. He fixed July 6 as the date
or the next trial.
In their appeal for bail Powers'
ittorneys pleaded ill health of the
risoner.
Few criminal trials have attracted
nore attention than has the case of
_aleb Powers, who 'eight years ago
vas just entering on his term as sec
-etary of state when William Goebel,
)emocratie contestant in the guber
iatiorial contest then pendding be
%ore the Kentucky legislature, was
;hot and killed at Frankfort, the
;hot having apparently been fired
'rom a window of the executive of
ice. Powers was arrested and for
1early eight years has been in var
ous jails in this state, part of the
ime as a state ,prisoner and part of
he time as federal prisoner. Pow
~rs was charged with being an acces
ory before thg fact and the open
vindow in his office has played a
arge part in the various prosecu
;ions. For more than four years he
as not been brought to trial, his
mses having gone through various
tages in state and federal courts, in
~luing the supreme cour't of the
Jnited States, which, however, re
nanded the case to the state courts.
[he present trial has continued for
;even weeks.
DRINKS POISON.
Jnknown Man at Little Mountiin
Gave Name of Wade.
[he State.
Prosperity, Jan 4.-A well dressed
nan got off the train at Little Moun
;ain Friday evening and went to the
iotel. He gave his name as Wade
md represented himself as a solicit
.ng agent for the Seaboard Air
2ne.
In conversation he said he was
riy much interested in the rec'eiver
hip- of the .Seasboard Air Line and
;eeed wrou'ght up abo.ut it. Not
soming to breakfast the proprietor
rent to his room about 9 o 'clock and
'ond him un'conscious with an emp
;y bottle containing some drug by his
ed. A physician was called in at
ne and every effort is being made
;o save his life. There was nothing
) his ,person to show who he is. He
iad no, money. On his hat band the
ame. ''Dr. J. H. Johnson'' is cut,
;he same name being written with a
en. The hat had been purchased in
reensboro, N. C. He claimed his
2me was Chester. Nothing is known
f him there, nor by the Seaboa-d
Air Line railway. The physician
hinks he will be able to save his life.
Ee has worked with him all day.
It was stated in this city last night
hat .a man was employed by the Sea
board by the name of J. H. John
son, holding the position of fire
daim agent. This could not be ver
ified, however.
Daughters of Confederacy.
Program for meeting of Drayton
Rutherford Chapter, U. D. 0., Jan. 7,
1908.
Roll call to be answered in the life
of Jackson.
Sketch of Jackson's life-Mrs. S.
B. Aull.
Numerous incidentseconnected with
Jackson's life-Mrs. A. T. Brown.
Reading, '''Sto.newall Jackson's
Wa."-Mrs W. K. Sligh
TRADE MARK
REGISTERED
the standar<
Gua
ij Nor
toes 4Co. o
FOR
A LL S
CREATION
The one
greof
focil AOe
uchescn
pains in
bestKn
vRtADE MARN - Kn
Knoa
You
2~ Mnmu~IftfUd~~ Books
AtWholesale Prices lectior
Bananas,
Oranges,.
Apples,
and all sorts of Fruits . '
-omemade Queen
Candy.
THRO. AIWBRY Skirts,
CARLESTON & WESTERN CAHR
O1INA EY Em brc
bed. '5 in effcct 1 ovemier d, 1907 -40 in.
. Newberry(C .5 & L.) a:4M p. m..
. Laurens 1 :C2 p. m. -C ;
. Laurens (C. & W. C.) 2:15 p. m. '1JIIn,
.Greenville 3:40 p. m.
. Laurens 2:07 p. m. White
. Spartanburg 3.35 p. m.
. Spartanburg (So. Ry.) 3:40 p. m. Nottin
. Hendersonville 6:25 p. m.
. Asheville 7:30 p. mn. Cur
. Laurens (C. & W. C.) 2:00 p. m. UE
. Greenwood 2:56 p. m.
. McCormick 3:55 p. mn. LienD&
. Augusta 5:40 p. in.
bote: The above arrivals and de- N api
prtures, as well asconnections with
oter companies. are given as infor
mation, and are not guaranteed.
Ernest Williams, 1
Cen. Pass. Agt., K
Augusta, Ga. C
Geo. T. Bryan, I
Greenville, S. C.
Gen. Argt.
MADE
- WITH
FISH
'or
hree years
I of the South
+ + r J .
ec fish guano.
Royte pti
"14
[ the Yea ight
-:- BY -:
La a CashAccount!
ur how much you spend.
Al for what you spend it.
will find a full line of-Blank
at the Book ~Store. Call
e them and make your se
MYS' BOOK STORE,
NEWBERRY, S. C.
I I.O!E CO.
Under Muslins lead the
white sale.
iME MONDAY EARLY.
Corset Covers, Drawers
Gowns and Sets.
>ideries . . 25c. yd.
Lingerie Cloth .1 l6c. yd.
Sheer Lawns . 1 14c. yd.
Waistings 25and2-2c.cyd.
gham and Irish Point Lace
ains 68c. to $7550 pr. pair.
Dam ask, neat designs, with
dns to mnatch.
6. S.MOWERCO.