GUARANTY TRUST CO. v. SEABOARD AIR LINE RY. CO.

Nos. 213, 214, 228, 229, 172-174, 237, 238.

53 F.Supp. 672 (1943)

GUARANTY TRUST CO. OF NEW YORK et al. v. SEABOARD AIR LINE RY. CO. et al., and eight other cases.

District Court, E. D. Virginia.

December 15, 1943.


Attorney(s) appearing for the Case

W. R. C. Cocke, of Norfolk, Va., Willkie, Owen, Otis, Farr & Gallagher, Harold J. Gallagher, and Lewis F. Carroll, all of New York City, for Receivers.

F. P. Fleming, of Jacksonville, Fla., for receivers in Fifth Judicial Circuit.

Venable Baetjer & Howard and Joseph France, all of Baltimore, Md., for Underlying Bondholders' Committee.

Sullivan & Cromwell and DeLano Andrews, all of New York City, for First and Consolidated Bondholders Committee.

Davis, Polk, Wardwell, Sunderland & Kiendl and Edwin S. S. Sunderland, all of New York City, for Guaranty Trust Co. of New York and Merrel P. Callaway.

Van Vorst, Siegel & Smith, and Arthur B. Brenner, all of New York City, for Refunding Mortgage Bondholders Committee.

Humes, Buck, Smith & Stowell and Irwin L. Tappen, all of New York City, for New York Trust Co.

Baird, White & Lanning and George M. Lanning, all of Norfolk, Va., for Seaboard Refunding Mortgage Trustee.

Niles, Barton, Morrow & Yost and Carlyle Barton, all of Baltimore, Md., for Maryland Trust Co.

Eugene J. Conroy, of Newark, N. J., for Prudential Life Ins. Co.

Root, Clark, Buckner & Ballantine and Lyman M. Tondel, Jr., all of New York City, for New York Life Ins. Co.

Williams, Mullen & Hazelgrove, Lewis C. Williams, and Ralph T. Catterall, all of Richmond, Va., for Equitable Life Assur. Soc. and other holders of Atlanta-Birmingham bonds.

Davies, Auerbach, Cornell & Hardy and H. C. McCollom, all of New York City, for Irving Trust Co.

Mitchell, Capron, Marsh, Angulo & Cooney and Edward E. Watts, Jr., all of New York City, for City Bank Farmers Trust Co.

Jennings & Watts and Olin E. Watts, all of Jacksonville, Fla., for Barnett Nat. Bank.

A. Mitnovetz, of New York City, and Harry O. Levin, of Baltimore, Md., for Protective Committee, Georgia & Alabama 5s 1945.

Piper, Watkins & Avirett and James Piper, all of Baltimore, Md., for Baltimore Nat. Bank.

Smith & Cross and Eben J. D. Cross, all of Baltimore, Md., for Mercantile Trust Co.

Edmund S. Ruffin & Sons and Robert D. Ruffin, all of Norfolk, Va., for trustees under underlying mortgages of Raleigh & Gaston and others.

Meredith & Meredith and Bernard Meredith, all of Richmond, Va., for Mercantile Trust Co.

Paul R. Kach, of Baltimore, Md., for Mercantile Trust Co.

Clarence K. Bowie, of Baltimore, Md., for the Bondholders' Committee of Tampa & Gulf Coast R. R. 1st 5s of 1953.

Marshall, Carey & Doub and R. E. Lee Marshall, all of Baltimore, Md., for Bondholders Committee of Tampa Northern R. R.

Chadbourne, Hunt, Jaeckel & Brown and Alfred H. Phillips, all of New York City, for Seaboard-All Florida Bondholders Committee.

Joseph S. Nye, Chairman of Georgia, Florida & Alabama (6s, 1952) Committee.

J. Paul Schmidt, of Baltimore, Md., and Philip B. Wershil, of New York City, for Adjustment Bondholders Group.

Wm. H. B. Simpson, of Greenville, S. C., for himself and other security holders.

Chalmers E. Wessinger, for himself and other common stockholders.


CHESNUT, District Judge.

The Seaboard Air Line Railway Company has been in receivership in this court for nearly thirteen years. Ancillary receivership proceedings have similarly been pending in the District Court of the United States for the Southern District of Florida. During this period several efforts have been made by the court to effect a plan of reorganization. In 1935 the court instructed the Receivers (Messrs. Legh R. Powell and Col. Henry W. Anderson) to...

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