Show RR BANKRUPTCY ACTION PROBED Byram Admits He Bought Stock After Receiver Receiver- Receivership Receivership ship NEW YORK Jan Jao By 9 By The Associated Press The Press Th Chicago and St St Paul railroad dIrectors had bad planned a receiver receIver- receivership receIvershIp ship two or three weeks they voted the th road Into bank bank- bankruptcy bankruptcy H E Byram prell ide nt testified today before the Interstate commis commIs- commIssIon commission sion The Th admission was waa made mad durIng a lengthy cross examination by Nathan L Miller former governor or New York who la Is counsel tor tora fora a bond holders committee at- at attempting at tempting to show the road mIght have been saved At the th directors which voted the tho receivership Mr lr Byram saId a printed form waa WIla presented only the name of ot a creditor to make mak it a complete receivership bill The name nam of the Binkley Coal company wu filled In Several other admissions were mado by Mr Byram on one that he had himself purchased 1000 shares of ot th the roads road's stock stock- after he becam Became a receiver and that the stock soon afterward rose In value He lIe also denied knowledge of various plans by New York finan fInan- financiers fInanciers ciers to save the road when Its financial difficulties became known and before It waa Va n kno that its directors already had de- de decIded de decided on a receivership At the th close of today's hear hear- hearIng hear Ing Mr Miller asked Commission Commissioner er Co Cox the th presiding commis commissioner to I a corps Of Or en- en engineers en and accountant to deter deter- determIne determine mine whether the th St Paul wu justified in the th ot of Its finan financial cial condition In acquIrIng control of the th Terre Haute and Gary roads and It If the tho retention of those roads at present time tim was Vas for forthe forth the best Interests of o the security holders His reply brought objections from counsel of ot tho th road but CommIssIoner Cox asserted that experts would be b called upon to tomake tomake make an exhaustive study ot of the whole failure |