, 1873-05-27

1873.
John Dur, Of Boston, Tr1.steoa Under Tho so:ealed
angrens orHsge J9nn m q nn ne nss 1ns,
tho Go-caflel income-bond mortgage.
Congress- authorizing tho suit, tho different meta
cronting these corporatlong, tho organization Of
Of tho Company, md completion OF tho road, and
aays THO conditions and stip,llations for making
tho worka moro ootnpoto, Iii conformity with THO
saia acts Of Congress, 1layo not boon performed
md complied With to tho satisfaction Of tho
Unitosl staton. A Board appointed by tho Prosi-
turo Of s., $50. 100 to mako II, conform
to 1aw. Tho Company. Las fntlca to pay
tho intcront, which 1ias acorucd aud iH
United States In It's behalf, by which default, It,
OH tho lat Of January Inst. owed tho Govor1-
ity On eaid bonds s39,455, 221 u. Iho whole @
sSs, /! ss ps esisff ie Sss Sa %
iukoroHt thereon. bf its lnnt-grant bonds,
amounting to s1o, ,ooo, thcre still remain nm,
paid 50, 600, and tho Company claims tho
gt Ito 70 soss e Of % aua aatDGh Z ho thi qs sSsis'
tlluB oxhnuating the SECURITY Of tho United
ststes for tho repayment Of their bonds. Ton
millions Income bonds "ro outstanding, as vol
.pany has floating debt Of 90, ,000, 900 and OUT
| standing stock to tho amount OF ESQ, ,762,300.
The bill claimn that Tho lease of tho Oompapys
coal lanla is Illegal; TINT tl,c arrangement no- M
Telegraph Company Is fraudulent dey}ce to
make money for tho managers nnd deprive tho
Unitod Statos of its lawful security md 3D.
vantage from tho saia telegraph. Tho bill a}1o
claims TINT the arrangement With tho pullnlan
| 5'ntnE1 f}rT
tho Car Company obtained privileges atld profits
from tic said Railroad Company not
for tho .interebt Of tho Company to giyo, aud
BY which tho managers and Stockholders Of tho
Raid Railroad Company or some Of tIlosn fsaadu-
1out1y obtain for themselves profits for tho uBo
Of tho rosd which, in, equity, belong to tho
natlroad Company; that tho agreement with
lent. Tho bill also c}aimB TINT tho Union Pa
co is inHo1vont TINT tho cost Of tho railroad and
telegraph line was considerably less thnn ono-ha}f
th o. 5toe
pany outstanding that tho larger part Of tho
stock ind bonds Of tho Company before mon-
tionod was iaaued in tho nanso Of the Company
pany, but to enrich themselves in a manner md
for purposes unauthorized by law. largo ma-
jority Of tho stock now habitual1y voted upon rs
Of right in oloctiug officers and controll-
Ing tho affairs Of tho Company y
by law, which WAS never patd for in
cash or IN any other thing Of Nh equivalent
co., - rana hnStn.{;v i, ,sn, ~
% ,toea 10 usou ~ tt'n ~ Hn5us t.s
tv;fi,o,,t iorful mntinn W. as1oo,ata cons;Jnra
ton. Tho earnings hayo not beon sufficient to
uy o o na cloaa,a vi n % s
nps pn for c,ind vii hn an n ~? n sa,,.
tember 1s74 bt 'v 10 w." f,na ~ o hpva ~ hepr, 1sl
psoVttdea % Of III; aro aeoumn,atg 1or , Glt9ol i
NOV 'too nho iras, nr, ~ tLo pa54@en' ~ y. e":u ,a -
to ~, M1 ~ ~ ,I"t so 4seuio ;tt'
w., tr@ ae"e a."aa - IT, Wa,
;,,soiynnt md ob}irn1 to dnnani, on tonnnrnry
TO e'yG pDea a ea & {FSe
pending on tloir personal credit TO znyo It from
banKruntcy, ind mako profit by loaninc it.mono,
+ for high interest and comnlssion Tho iii alat
eontrnot @ eotsnut woro oxcotaive that fraud,,.
!, iont allot1ncnts OF stock woro made to tic
, Credit Mobilier; that tho management Of til,
salroad a,.d Credit Mobil;or wore tho snnao tia
O lloxie contrect; that tho Amcs contract was
!, direct spoltntion to tho ainount Of s9,U00,0O0
: tllat tho land-grant and income bonds wer
! fraudu1o'ltly issuct md disposed Of among til
with Hoxio, An,cs, and Davis wero invalid, AM
q tho isauo Of tho stock and bonda fraudu
= lent. That neither tho Crodit Mo'i]ier no
tho Trustees 1f eyer paid nny aubscr'ptona to Il!
STOCK or the Union taci1lo lsoau LINZ tno sol
= Union Pacific Company hns not settled witl, tn
t Crodit hlobl]or for tile pretended porformanc
8 Of tho uoxio contract. and with tho aaid Tfue
: toes for tho pretended performance Of tho :, &C
i called OakeB A1nes and Davis contracts, but tli
u acconnta Of the said railroad company with til
;: said contracts and with the said parties renal
I. open and unsettled. with largo. bnlauce
t. claimed bp said parties against til
% | said railroad: TINT oil Ruch rrateuda
i payment for subscriptions growing OF
~ Of tho unlawful md fraudulent TRANSACTION
i herein act forth arc void and Of no offect al.
:. said pretended balances arc fictitious and shoul
10 not be allowed.
% Il Ia also claimed TINT upyard of 81 900, OF
K woro ,yronrf,llly annronriatcd in PROCURING lce
/. ]ation mud Influencing public oilfcors tIat iii
+ tributiops OF tho asaeta Of tic roati hayo bee
=: maio to tho amount Of ait 000, 600 in Q.
D. coss Of tic figures already named, OF
i, that tho stock and bonda 60 distribute
!. aro still hold by tho defendants. That tho col
= dition OF tl1o roal is uucil that it may bo so