, 1873-04-26
oo,tragomont. Thcir placoa havo boon 1llo1 by
othora during thelr absonco, md tho supply Of
p4B maintained.
RAILROAD NEWS.
important Decision Concerning a
kentucky IRntlrontt--Othor No1vs.

important Decision OoncorninV n
kentucky Nnilron1.-Othor Noxvs.
CINCINNATI, O., April 25.-.Prlvato diapatchoa
atst!us @ thas tho Kehtaety @ Court Of Hppoals had
rendered q decision in tho celebrated caso Of tho
Coyington & Lexington Railway Company
against tho horB and ndmlnistrators OF II. D.
Bowler md othors, who, since 1860, havs, hold
tho rond by virtue Of D purchase at Boie do
crood by tho Fayotto County Circuit Court to
satisfy tho Trustee Of tito necond mort
gago bonda. The dociaion OF tho Court is
that tho hoirs Of Bowlor do not hold tue roaa IN
company, and that tho Commiasfonora appoilnt-
cd BY tho proper courta shall adjuat tho claims
botwoen tho Bowler hoira and the Company from
tho date Of transfor, in 1882 to tho date o1 tho
inBton Company. Tho decision OF tho Court
rag unanimous.
rho building Of tho road was commenced In
1850, under State ohartor, With 81, $780, ooo stoek
thoir amount in stock were obtained as follows:
Cincinnati, o., md Bourbon County, Ky., each
@100000; Coyington aud Fayotto County, Ky,
Tsaaet9n snoss osqnt y b2 E 10
Ths 1hs'' bonds ss w" wore isssoa as follows:
g.gc, si,oo66, ,666 II tIirsa, ia, $ooo,o0o; income
is57, tho road soourod prosperous business, 1t
tho close Of which period tho Board suspended
tho payment OF tho inteeost on tho above
1000 securities. EARLY In 1868, tho Directors
holders Of tho first and socond mortgage bonda
to consent to q postponement Of tho interest on
these bonds Tor ono year. r. 1853; comnittoo M
Of Directors reported BY printed circular h to tho
NODDED to mako tho road flrst.olaaa.. 4 fow
months lator, Jamca Winslow, Trustee. foro-
closed ono first mortgage bonds, and obtained
docrco in tho Fayotto Court for = sale OF tho
road. In October, 1855 1t waa sold to Bowler,
Bowler, at tic timo ho bought, owned 81, 1877, 900
OF securities, mono OF t]lom second mortgage
bonds. An entirely new Board Of Directors, OK
copting ono man, was elected Immediately after.
The Stockholders held ,m,eoting and refused
purchasers until the war when tho Government
took possession Of it. After tho war, tho suit,
which has just boon decided, MAS started BY tho
Company In tho Kenton Circuit Court. Failing
eighteen months ago nearly. t was argued for
the Company BY tho Hons. Horny stanbory,
Stanley Matthew'S, John r. Fisk, md 9TH
ers, and M for tho dotondants, BY a; 9.
and q. Il. McKeo. Tho lion. George Il: Pondleton
was preBont to represent tho heirs, but did not
argue. Tho arguments Of tho plaintiffs counsel
we're that Bowler, at tho timo Of tho purchhse,
occupying position Of trustee to tito Company,
whotGer aoting in good or bad faith, could hold
tho road only in tho capacity OF a trustee to tho
Company.
Tho mandate, fixing tho basis for . settlo.
mont of tho accounts between the parties, will
be prepared and filed In o fow days.
Special Dtspatch to tbs Chicago tribune.
JOLIET, April 25.-Two surveys for tho limo OF
tho Joliet L Valparaiso Railway have been COM
pleted. As aoon az q choice Of route shall have
boon made, work will be commenced.
Special Dfspasch to Tbs Chicago TRIBUNE.
LA8ALLE, April 25.--The surveyors OF tho
route for tho Chicago AIillington & Western
Railway hare extended thoir work to this city,
md report maximum grade Of forty feet to tho
mile.
New YonR, April 25-Tlo officers Of tho New
York, Weat Shore and Chicago nailroad state
that the corporation has boon roorganized with Q
view to prosecuting tho enterprise. The capital
ia to bo Increased to $4,000 900. An agent ia now
In Europe negotiating tho aalo ol securities The
rond viii be competing line with tho Now Yorl,
Central d Hudson River Railroad on tho west
shore OF the Hudson Riyor.
Rumors prevail that the Eric Investigating
Committee will presont bill to the Legislature
prohibiting the formation Of any closer relations
between tho Eric l. Atlantic j. Great Western
Railroads. Tho Erie will not object, it iB said
if tho application Of tho bill is mado Ecnoral.
FoRTaEss MONROE Va., April 25.-rhe Engi:
moor Corps, undcr Mat. Temple, have co.nploted
the survey Of the Chesapeake Il Ohio Railroad te
York.