Page:Federal Reporter, 1st Series, Volume 8.djvu/75

FAKMBBS' LOAN & TBTJST CO. V. OENTIUL B. OF lOWA. 61 �in writing from the circuit judge, (Honorable John P. Dillon,) whioh, among other things, directed as follows : �" It is not expected that you will serve as superintendant. You will con- tinue the i»resent superintendent, or employ anotlier, as yotir judgment dic- tates, on the best terms that will secure a good man." �The petitioner served as receiver during a period of two years and three and one-half months. From January 1, 1876, until May 1, 1877, he had no general superintendent,: and performed, during that period of 15 months, the duties of a general superintendent in addi- tion to those of the receivership. By petitioner's direction the du- ties of the offices of auditor and cashier were united in one person, whereby a saving to the company of about $100 par month waa effected. The petitioner, upon entering upon his duties, reduced the salaries of all officers and employes under him 10 per cent. Th© company had an attorney employed at $60 per month salary and $20 per day additional when actually employed in court. The petitioner attended in person to some of the legal business of the company, being engaged in this way for aibout 30 days. In the disburse- ment of the revenues of the road during his administration, the pe- titioner applied to the payment of debts contracted by his predeces- sor during his receivership the sum of $280,000. After petitioner's appointment the court and parties interested in the main suit re- qiiired frequent statements and reports of the accounta in the gen- erai office of the road, which called for a greater amount of time and labor on the part of petitioner than would be required ordinarily at the hands of a receiver. During petitioner's service his general health and eye-sight became much impaired, and it appears that in the discharge of his duties the petitioner was frequently called to travel on the trains and to break his rest at night. �The master finds the foregoing facts, and also reports that peti- tioner had effected a saving in the expenses, under various heads, in his operation of the road, compared with the similar expenses of his predecessor, of $85,000 in about 18 months. On the part of com- plainant the master finds that there is still a large balance unset- tled on the final account of petitioner as receiver. This balance con- sists of three items : �(1) An item of $4,000 expended by the receiver to purchase, for the beneflt of the company, a half interest in an uncompleted railroad, known as th© "Farmers' Union Railroad," and this without application to, or order or ap- proval of, this court. (2) An item of $1,177.90, being a note of the " lowa Terra-Cotta and Fire-Clay Company," received in payment of freights due the company as cash, and credited to the receiver in his accounts as sueh. This ��� �