Rensselaer Republican, Volume 25, Number 27, Rensselaer, Jasper County, 2 March 1893 — READING RAILROAD’S RUIN. [ARTICLE]

READING RAILROAD’S RUIN.

Manipnlatlon of the Stock Market Force* it Into the Hands of Receivers. The tremendous liquidation of Reading securities which began last week, continued Monday on the New York Stock Exchange amid scenes of unparalelled excitement. and theslaughter was continued. The tension of the market was terrific. Some failures resulted. The cause of the decline in Reading is attributed to adverse influences of the Vanderbilts. A meeting of the Board of Directors was held at Philadelphia, Monday, ancT application for receivers was made to the U. S. District Court. The Court granted petition and appointed A. A. McLeod, Edward Paxton and E. P. Wilbur.