News of the year 1923 of the Midland Pennsylvania Railroad is presented here as reported in area newspapers.
For all previous articles on this doomed project, see: Midland Pennsylvania Railroad.
_____________________________________
From the Harrisburg Telegraph, 18 October 1923:
NOTICE
Notice is hereby given that the undersigned, appointed trustee by the Court of Common Pleas of Dauphin County, to make sale of the property of the Midland Pennsylvania Railroad Company, has filed its second account in the prothonotary’s office of said court, said accounting showing a balance of $799.26, being the proceeds of the collection, by virtue of a deficiency judgment what was entered in the original proceeding of certain money that was on deposit by said Midland Pennsylvania Railroad Company, and that application will be made to the said court, sitting at Harrisburg, for the confirmation thereof on Monday, the 22nd day of October 1923, at 10 o’clock a.m.
Unless exceptions be filed before the date specified the account may then be confirmed and if confirmed distribution may then be made.
Under the original decree all claims not presented on or before said date may be forever barred from participation I the fund for distribution.
Commonwealth Title Insurance and Trust Company, N. W. Corner 12th and Chestnut Streets. Philadelphia, Pennsylvania, Trustee
FREDERICK C. NEWBOURG JR., Philadelphia, Pennsylvania; C. H. BERGNER, Harrisburg, Pennsylvania, Attorneys.
_____________________________________
From the Harrisburg Telegraph, 22 October 1923; also Shamokin News-Dispatch, 24 October 1923:
GET CENT ON $10 IN BELATED SETTLEMENT
Two years after a public sale of all property of the Midland Pennsylvania Railroad Company, to settle the affairs of the defunct organization, it was found that there was a bank balance to its credit amounting to $779. Counsel appeared in court today to get permission to distribute the money to creditors, who had claims of $793,000. Each will receive about 1c for each $10 in claims. The corporation had been organized for the purpose of building a railroad from Millersburg to Ashland, which was never completed.
_____________________________________
From the Harrisburg Evening News, 22 October 1923:
Distribute Bank Account Of Bankrupt Railroad
The Dauphin County courts today granted an order permitting the trustee of the insolvent Midland Pennsylvania Railroad Company to distribute $779 among creditors of the company. The money was not discovered by the trustee until after he had made his final accounting some years ago.
____________________________________
News stories from Newspapers.com and from on-line resources of the Free Library of Philadelphia.
Corrections and additional information should be added as comments to this post.