The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-03-22
The Nicaragua Transit Company Dtfficuiti'
SUPREME coUnr-sErHBAL TERM.

Before Hon Jueses N,ichsll. Roosevelt and Dawes
ROOSEVELT J.-Wn Poten &C. TIE dccessorV T,atf
Company and VanderbW and others Jhe order Appssed
from directed amoag other things Ina, edward CoSies
E,a counsellor NJ sw upon fling undertaking In the usual
form the Of s<o0o0 with approved suretes be ap
pointed receiver" and that such 10 receive and tase
Of the four STEAMSHIPS named resoectysy u.
ard hoo the subec, to The further order Of this
Ss ns 1s ye9 e no sges 70 Ss
dsman his order De not On hra and iu
Ssss 90 % we sa or u SUCH @
purpose ARD yet enons IN eiect me 500
Tor lie Of winch hsd been the ordinary
ur 10 rive ample :. eur,yI not oaly ecas Ia.
any, hui scuA diets ties Of Of
With 20 syer@s besides End sS n. sqsss9n even Of in
were ghe whole Of he plslnns which the posses
and q four costly steamships OF The yspe probably OF
s ISys 'psp % 9sns III epsD.r On
e az, :, sssa ~ oompS
ccrporon fbis attachment when served gave The PLATA
,as Is. scnpapv had me 10 ne on H.
sus5 LEO sns 70 eve Erssasr ss he iSsai ao
iyrg on two pnse proceecss 70 n. SANE court tor ne
c,rbe s ihes uaki ccrtalo he
piati Vanderbilt they sAJ-hrUuga Morsan and Hoyt as
Sosd rss due % ,Ss saoan Of s6o and sno,hsr direct
BIN smcaS, % .sysrs Inndred tboasaSd ios more
snd which beg 90 not N terms teay ou SIMPLY say ~ a
pie uoTu son siv- . the amount Of such advance, or
se aeily o. ssia lien Tbs certainly As ps.tlas no
where effort hss neep msd. 30 obua knowledse.
dors II he conpany having recovered judgments he
semavd. h.y. sued sIseaaogs rsqa'Ss +. sheriff 2 s.a
could BE- sod Dee q OC5d q ns.nsA1s "SSs 0nS nu en-
bm ,eiacbs e1eeSOs. and s..ssmsn but should
DE nrs o. be company IN Ss NSses Sss .s% is s
Claims sd lens s.% se. Of etssnSss SSs he
pNye~the same vii not prolHce ihaa nominal
amount on this statement m:S ~ we ps.sssn, hen
defence What pre.enee claim Is there for dsposscsns
,ssyne i sSu ss' i asi s,
a general creditor OF sub.eduen, dss for 81 WQi fse
sS' s .a b uss ca re & e e. Y.
6 ne ss S Ss and Ne p.s s K. SS s s
ssss. e eogs SsS &c. Ores e he sI' % S..gs
Possess.on, sfer forfeiture ccnstuies ths essential
siem,ft 3, cAsnei morgsss. II Il The Ryec.s,
Which The c'estor usually makes bis lcsc. and
S sSsn h ss To deprive h ~ vsoai q
n pair he rhgset cfs ysd cntracs sproceedng beyond
ss uls X. p Ss,f sD s S' V,roa appears oy
"a % a IN H. me- s 81 Sd pfe S
Der sdyspcs. gave HIN ssecuriy another mortgage coz
sS . su & "" se su ssys n:
e.1Sc sVd ms ISsss' q s s s d too .ss%
remand and that IN virtue 2f sch ,Igls'na be nmsd
ceedne vas insuted Be ber alleges thai bis advances
s,cur,d By DC lss roorgsse srnogn, tsl 81 beside.
s@r:5y g.. ags ..d sn.on.UE IN the as.,ss.e :.
70 him BY the company Of nearly half million oil
6ois- II then supears without going into fuvther
cs'Al-, that the pisiniss ocrnpv no better position IN
seert and the Prometheus thar hey do In
reerf nee he other tvo Of the four and that the
direction receverrhip direct Infringement 81 the de
fndsnts vested rights and .. imsng he q his
scte strong in the one case ~ IN the other Van
rsrh not disp uted OF his ability 10 respond
sboui be plaintiffs IN the result establish heir claim ther
70 question And Al there Il is fully me, his tender
IN double the value Of the SHIPS preferred Ia
supple Of teooo IN abide the final Judgment There
therefore not only legal right but occasion for
Arbitrary summary interference by the court Preim
rary ipunctons receivershps already stated are IN
iuucicrs and something stringent sase - be afant
ed IN caution and only 10 OF pressing apparen
Necessity Their supposed too free of he
o the destructsp Of The late Cour OF ChaDcsry and
tlsted In, IL feared viii ultimately cad Ia her dcs
ton The order appealed fcm reverssdform OF reversal
be settled by one oftbe Judges