OCR Text |
Show TRYING TO PUT THE S ll ROAD JNJTS FEET I President ofXDenvcr, Laramie & "Northwestern in New r'H York With New Plan. I i-H Special to The Tribune. ,i "L N'EW YORK. Nov. Yi. V.'illiam 13. ' H Green, president of the Donvcr, Laramie 'IHI & Northwestern, is In New York in the fj interest of a project which Is expected, to ' h! provoke a strenuous fight between con- JLW fllcUiig interests for control ot- the prop- J LA city now in the hands of rccclvcra, rep- i ll resenting bondholders and creditors, lt I Hi is the reported purpose of Mr. Green to endeavor to interest Important holders 1 of the company's securities In an effort I Hi for the removal of Marshall 13. Smith ns ( one of the receivers and tho appoint- i mailt of Mr. Green in his place. ; 'M The other receiver is the Continental TriiKt company, the president of which, . John VL Sprlnprcr. In reported to be ne- , gotiatliip: with Chlcatro financiers for Uu v. .M purehaHc of the road in case its alc Is fH ordered by the court, as seems likely, f"" 'M unJcSH the stockholders arce to thn k. proposition of President Green and other ' .M offlccrfl for levy In? an assessment of In per cent on their holdings, to wipe out 'H tho floating debt and relieve the road of , the receivership. Many of the stock- -M holders are ?ald to have agreed to th' proposition, and Mr. Green believes that ''mm enough money can be raised In a few -M weeks to pay off all obllcaUona. Jn the I'HI meantime the receivers have been ureas- -U intr for n settlement and threatening to apply to the court for an order of sal. , 1 |