| Show SEABOARD AIR LINE RAILROAD TROUBLES Richmond Vu Jan 1 Counsel for forthe forthe 61 the Seaboard Air All Lino LIllO Railroad com company compan company pany pan and creditors of the company applied this afternoon to United Stales States District Judge Waddell for Cor the appointment of receivers and subsequently agreed to mako make ahi to Judge Pritchard of the United States circuit dr court COUlt and obviate the Iho thone ne of oc securing an ancillary doer do 10 domo er mo m through which the th lines of the tho erl pan operate With this thill end ond In 1 Judge Leigh LelAh R Watts general counsel chalet el of ot the tho Seaboard with other left for tOI Danville nt at S SiO 0 on oat p a special train to moot moet JUdge Pritchard at it that thai point It hav Int ing In been bean learned that he was Will on his hili wa Way ay to Richmond to consider the tho mat rant ter tomorrow Judge an announced that thai he would Iho tho receivers r on certain condition conditions but Iut It Itus ItaaS aaS us thought hest to go to a IL court with larger jurisdiction In March the Iho Seaboard made an with the Continental Tr st company of or Baltimore nod tho tiro N York Trust company of this city to extend UH Its 1 Issue of mort gage g ge and ond collateral C G per ler cent bonds bonel all nil duo due that month to May Mu 1 1108 lOS 10 e company his has outstanding SJ of preferred stuck stock and of common stock On June Juno 30 1906 tho the therul road rul had hodl a funded debt of ot QUO It owns own miles of road and anda a total of owned and operated lines linos of 2011 2611 JG 11 miles The main line lino extends tram front Va nod and Portsmouth Va Vu a to Tampa FIn Flo In the tho numerous branches It was w as or under Its present corporate c title In 1800 1000 Some Seine Sometime time limo lutes later a It holding concern tho Sea Seo Seaboard board company was formed with 72 capital to manage manago the tho securities ties tics of the system The rho Seaboard was waR In hit the thick of ot the southern rate war It at prat re rc refused fused to 10 submit to the hillo rate bv by b several of at tho southern states slates last August J M 11 Barr Durr for former titer mer president of ot tho the road rondo declared under oath at the tho federal Inquiry in inthis inthis this city that hail the tho rate rato was The Tho toad road finally submitted to 10 tho the rato rate Tho The government recently took steps to prosecute tho the Seaboard for Cor being In tho the alleged bituminous dom Com Combine om blue bine blueIt billeIt It was stated tonight that thero there would bo ho no default In Interest on the tho ther fi r pet por cent bond coupons which fell Cell duo on New Years Tears arrangements arran having hav havIng Ing InA been made mude with the New Neu York bunkers hunkers to advance tho the funds |
