Charlevoix—The Boyne City, Alpena Gaylord Railroad receivership has been settled in Circuit Court here by Judge Parm C. Gilbert, with acceptance of the $100 bid of Earl Stragh-tead and Henry Lee, of Boyne City, for the property. The railroad, now operating between Boyne City* and Boyne Palls, formerly extended across Upper Michigan to Alpena. It was built by the W. H.. White interests to serve their lumber mills at Boyne City.