, 1873-07-17
ST. PAUL AND PACIFIC RAIL WAYS.
Proceedings in Bankruptcy 1usti-
tNtets g. ;

o.. FAuL AsD fAC!tlG HAlLWA1S.
Proceedings in bankruptcy ansti-
tinted. &C.,
From tho St. Puui Dtspateh, JuYp14.
Thoro waa to-day fled, in tho Circuit court Of
the United Statos for tho District Of Minnesota
bill Of complaint by John s. Kennody, Henry
N. Dakor aud John s. 13arnes (,Tohn s. Konnedy
& Coy. Of Now York City, atong on bollnif Of
tonlsolYes and an holders Of bontla Of tho First
Division Of tho st. Paul & paoino Railrond Com
pa,iy and tho st. Paul l. Pacific Railroad COM
whf P.. s9mglelnt e directed agsnst the
Il paoiae lailroad Company, tito First Division
OF tho st. Paul Il Pacific Railroad Company, and
tho Trustees Of the several mortgages upon tho
property Of tho two 1ast-namod Companies. Tho
pnrropo of tho complaint is for having tho prop
erty Of tho two laHt-named Companies placed In
charge Of q Receiver. Tho PLAINTIFF solicitors
ere doorgo L. OtH, Gilillan Il Williams, and
Gilman, olough u Wilde, all Of st. ranl.
Among the allegations and charges Of tho bill
OF complaint aro tho following
That tho bonded indebtedness Of tho Eirnt Di-
follows:
On branch line. st. pail to Wa.ab 2,750,000
On extension Lines Of St. 7. l. r, 81. Cloud
to st. Vincent distance Of about sl0
miles, aid Watab to Brninord, about GO
miles, 10, 600
That on or about April l, 1871, tho ST. Paul
Company. having no property except it's fran
Cuse luE Uul1lS Hull u4tGuHl0H utlt8 anu 1ea ltl
torogt in tho lands npporsaining thereto undor
tho Congregational grant, ontored into a contract
with tho First Division Company, whereby tho
latter agrood to construct, fully complete aud
equip tho extension = lines, and to take
years.. To raise tho noana to build tho limos
named. The First Division Company was to
and did execute its bonds to the amount Of $t5,-
100000, to secure which bonds the st. Paul COM
pany was to md did mako trust decd or mort
gaGe upon its property, lands to bo acquired,
and franchises In said extension lines. That tho
said agreement, leaae, md mortgage wore all
one transaotion. Tint it was expressly agreed
that oil tho proceeds OF said bonds should lo
uRed in the construction and equipment of tho
extension 1ino6-tl1e security for the bonds do
ponoing wholly upon tho completion of said
lines so aa to socuro tile lands appertaining
thereto.
Tint arrangements wore at that timo malo on
tho fhlth Of tho nbovo described agreement to
negotiate tho bondu in Amsterdam, Holland,
whore all tho other bonds Of tho First Division
Company and the st. Paul Company woro and
Rro now held.
That nt this timc tho Northern Pacific Coupauy
owns nearly all tho stock Of the First Division
and Tho st. Paul Companies, and has constituted
their D9ards Of T. Directors nlainly Of Directors Of
long timc past, and now, tho management and
control OF tho finances, lands, aud property Of
tho two other Companies has baen exercised by
tho Northern Pacific Company throughita oflicors
and agents.
,nonaaor5 ~ ~ 1sirst 4S;a,a VI sne onlcers anu
acni5u I'm nronor non,a. ~ a,stoas' ~ 1 hos
oou 9roo 81 40 ~ ~ - H., as nad
int martot l., 1bo arrn ~ 1e91 say ~ poas upon
mal ta sewn ~ n ,,nt ~ -, - . as "aInnoiu"
oae,,o1 o 1,os o,e,,,raa 'n 't " nns yeas' IN
hnuIa MI II, rchaoa af 1ra,, ~ H. y. .ho
a;nn 1naa ~ aa,uo fo%r ,,;i1;n .o - o % naton
Thot 90 annn ~ 0 na thn honin .md ~ ota aotats.
na1,ora noro roco;vod IN A,natnr3a. ''Sa 4 p.op9r
ao r,t m H. naernt ~ ,nd 1n aaa mn o ponas
wore ncrntintod reoiiznr oomt se NJ 0aa so nnn
nna +tot ~ s,et1a , - c,nno nm ?o'ooo,uoo.
wa aiyoncoa IN csno a. aa aa",pt ~ ~ money %
main;nn hnna .r1;d 11ero pot 1,onat;..o ~ ''1 ~
t],at Ill ~ aa;1 rrnccoa ornont 81 .'ar @ a
aorvn ~ ," intnro.t ro t ~ p.l cent r.
First Divaayn Gomn"nr ~ In ,'and u.ei ~ 'no
tho Anrj acree,noit i, conatrcinn tIo "
''sT Thnt LIE; oo;d ,rocooda ~ a,;,, how'd,
ploi to tho construoton Of tho two Ua ~