Show t Receivers Appointed fo for i. i Gould Terminal Company I a. a 5 New York May 2 29 F. F. F. F K ke president o of the First National bank hank bankS S of oI Pittsburg an and H. H W AN e were appointed receives receivers lS this afternoon arerI alter after S Terminal erini I i noon of the Wabash nal irni company b by tho the United States t circuit cir clr- cir cir- ln bond cult court at pittsburg Tho rho I was wa fixed at 2 Mr Ir will wi have charge of ur the an and andI I r I Mr Ir McMasters will wH operate the property prop prop- erty of which he is 15 at present genA general gen gen- eral superintendent ent Jj A 1 erl In New ew York a u protective c committee commit commit- t S tee teo was formed in behalf bohal of ur the tie holder holders hold hud of uC the first mortgage four per cent er ers bonds bond Tho Thu committee is composed S J of oC J. J N. N Wallace pr president of oC the Cene Central Cen Cell e S. S rd ru Trust l company chairman Paul Morton Murton Haley Fisk Harry Gordon Abbott Myron T Myron r 1 Herrick and andS George B. B Butler II It I Is the default of ot S S Interest on these bonds amounting 2 1 has forced the thc that i. i t to about receivership o Announcement of the thc courts court action ac ac- ac- ac at tion tiomi was not ma made o until after tho ho stock S wat lon J 5 market closed but buL It It was known early In day day- that tat this thit- action acton would woul be bo l' l taken The rue belief prevailed that this r ici represents th the worst In regard to lo the Gould securities The Flie Wabash PilLs burg burs Terminal company compan was way reorganized reorganized nn and amid Its itis II rua toad road was built hult to furnish an entrance into Pittsburg for fUl the Iho Gould Could railroads s. s with which Andrew Andiew Carnegie made a n contract for Cor a very large lare tonnage of ur steel on con condition that the road was constructed into that city cly This contract was mn made e bu- bu o foro the lie stool steel trust was organized The Pennsylvania railroad placed such luch In the wa way of construction construe construe- thou tion ton that it I was wat extremely rely cost costly an anIt and it has lies not been able to earn eur Its fixed char charges cs The Wabash rg Terminal Termine Ter Ter- mine minal company was incorporated for Cor U stock and lies haw issued Issue bonds amounting to I |