N&W in 1912--DT&I

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Fri May 25 17:08:57 EDT 2012

Bluefield Daily Telegraph
Fri., May 10, 1912

No Definite Information, However, Regarding Detroit, Toledo and Ironton Receivership
Although there is no definite information regarding the receivership of the Detroit, Toledo and Ironton railroad, it is generally believed among local railroad men that George P. Johnson will accept the position and that he will be appointed by the court to succeed the present receivers. This belief follows the knowledge that the bankers who favor the change in receivership of the road are anxious that Mr. Johnson should take the place and have signified their intention to yield to his wishes in matters which were at issue.
If Mr. Johnson does take the place it is very likely that he will be able to pull the road out of its present financial difficulties and if this is done it is believed the Norfolk arid Western will be given the first right of purchase in case the road should be offered for sale.
[Johnson was General Superintendent, Western General Division N&W.]

Gordon Hamilton

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