Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1871-01-27
The Alexandria and Fredericksbure Rail-

The Committee on Roads, to whom was re-
fsrred the resolution Of inquiry into the or
ganization and affairs 81 the Alexandria and
Fredericksburg Railroad Company. submitted
report, as to tia result Of the investigation,
to the Virginia House Of Delegates Oh Friday
last, which was ordered IT, be printed. The
majority report, after review Of the orgaui-
cation Of the company, says:
"The above answers all the inquiries pro-
pounded by your resolution, and, after a care
full review ii all the evidence, your committee
are bound to conclude that the original or
gapization was illegal aud fraudulent; but
your committee find nothing to show that the
present owners Of the purchase, G. B. Rob-
erts and associates, were in colusion with, or
had any Knowledge Of, any fraud perpetrated
by the original corporators, and. believe that
they are innocent purchasers for value, and
should not be disturbed in the enjoyment OF
all the rights thus acquired"
A minority report was also submitted, 10
which an elaborate review of all the evidence
adduced before the committee is set forth aud
commented upon, and which concludes at
follows:
"Your committee deem it proper further t..
report that there is nothing whatever in the
evidence adduced at all calculated to excite
the faintest suspision Of want Of the mos,
perfect integrity and gond faith ON the part
Of George 3. Roberts and his associates. Aud
if it should be tlle3opiniun OF the House that
there was irregularity, illegaity or fraud in
the original organization Of the company, and
that the same were caused by the act approved
June Oath. 1870, then your committee recon-
mend that such action shall be taken il re-
gard thereto as will fully. protect George B.
Roberts and bis associates in their rights oi
property, aud insure the completion at all
early day of an ALI rail through line from the
city Of Richmonds 70 the cities Of the North. u
An Important Bankrupt Decision.
The case of John Sedgwick, assignee. o.
James r. Place and others is, perhaps, says
most important Of any which has arisen un-
der the bankruptlaw. The plaintiff, as as
signee in bankruptcy, sought to recover the
assets Of the bankrupt firm in the hands OF
assignees appointed by State courts. besides
large sums previously settled by the bank
rupts on their wives. For multiplicity of facts
aud details and legal questions this suit stand.
prominent among the cases in bankruptcy
The counsel for the respective parties interests
have devoted great deal Of learning and q.
bility to the subject for two years past, which
resulted in the setting aside Of the assignment,
made under tbs State law, and in recovering
a settlement of $4,000 from tho wife Of
Sparkman, one Of the bankrupts. The plain
tiff also obtained decree in his favor as re-
spects all the property soughtto be recovered
except the house on the corner of Forty-sev-
enth street and Fifth avenue. and the furni-
ture therein contained, which, settled on
the wife of James K. Place. another of the
bankrupts, and which were claimed by j. L.
Phipps &nCo., by transfer from Mrs. Place.
The court decided hi favor f the plaintiff as
to all the defendants except Phipps & Co.,
but in their favor against the plaintiff
Pbipps q Co., by the decision, are entitled to
the Fifth avenue property and the furniture
and tina proceeds thereof, aud recover their
costs out Of the fund against the plaintiff. 1t
is understood that Judge Blacbiord is writing
an opinion 10 this case. which will settle new
aud important questions which have arisen
Funder the bankrupt act.