, 1874-01-26
Tho G., Is. s. @. Railroad Files q
Bill.
It Objects to Paying Taxes on Capital
Stock.
4 Hotel Caso.--Bnnkruptcy 1tems..-Nc,S
Suits.

hnt 6flko6 That IL la8 lA8ueu nnQ aOu CcTtlHSAtob
Of stock amounting to 51S, ,052, ,0i0,-ita originna
stock being by law lxod at 100000, with PRIV
ilege Of increasing to any Sum not exceeding
tho amount to 10 expended on acoouut Of said
road. It's indebtedness on tho 1st Of Afay,
1879, and for which 1t Ias Issued ita bonds,
amounted to Gil, hos, ,475, which has boon used
In various ways for tho benefit Of the Company.
At that time, tho road and tangible property
connected Herewith represented tho whole
amount Of indebtedness md stock sold, and
except -. that: Prior q tic LIST q! oi
American Central Railroad, tie Dixon, Peoria
Il Hannibal, tho OTTAWA, Oswogo y Fox River
Valley, the Illinois Grand Trunk, tho paoria d
Hannibal, the Carthage burlington, tho
Quincy i Warsaw, iu Illinois, and the Kcokuk l.
St. Paul Railroad iu Iowa. w1oBo indebtedness
amounts in tile aggregate to sc, ,00o. md tho
bonds Ut which wero owned by various PARTIES,
but nouo by complainant, nor WIS it liable to
pay thoir indobtodness. M :, May !, TIC company's
tho iliifaront townships in Cook County as fol-
| lowbs
Personal property other than rollng-stock.s s,oso0s
Lands a1 lots, other than right Of way.. l3 42ioo
Total .sl3s, 4ul.es
This included al except railroad track mud
| rolling-stocG. The State Doaru faiaed tho ynlu-
alton Of tho poraonal property from 81, 980 G8 to
| :rlo State Dourd also aHBoascd: ..
Upon right Of way. 1904
Upon ulat1t lrack. !lI,.s!
Upon she-trucks. ..................... 176,G34
Upon rolling 64,133
Total. .8353,683
| Mn1lluE tho total assessment (npt including
capital stock tax) $685., ,6aD. Tho snmo pro-
ccodings wero done In twenty othor counties,
| being Ill those in which complainant Ind prop
! orty, aud making the total amount assessed
against It e11 ,3l5.644 Complainant states that
it iH willing to pay tue taxes OIL all itH property
Ms 80 assessed except $299, ,799, hcing the sum
Mt which its capital stock was estimated in Cook
County. Tho totnl value Of tho capital stock in
the stato was put at el5.429, ,S57, which
ia IN amount in c1ccss Of any property bolong-
| ing to complainant 1ta franchieB aro not OK
elusive, and havo not, in fnct boon asscsBod by
tho State Board but oil tho tax assessed Aas been
| on tho tangible property of complainant, and OIL
tho pretended value Of its capital stock, ascer-
by combining tho amount Of certificates
| Of outstanding STOCK, ita boudod debt, aud tho
bonded debt OF tho companies leased by COM
| plainant.
tion and tint tlio asBessnont OH tho capital stock
! may Eo dcorccd to bo void. a formal demurrer
! was alcd, tho bill dismissed. IN appeal taken,
and tho caso will follow in tho footsteps Of its
! many predecessors to tile Supreme Court
BY the schedule fled, it is found that the
Company owns 291 locomotives and G,8s0 cars.
including passenger, cattle, coal, pay, and hand-
| cars. The length OF the rnain track ia 1909
| miles. Very few new points arc made, tho Conn.,
| pany being willing to pay the 6S per cent i'll
| creased valuation on personal property and the
107 per cent roal estato, but only objcctiug to
| the assessment Oh capitnl stock.
B.J. WALKER.
| The Hburrinn Banking Association recovered
| Judgment in the Superior Court yesterday
aganst Samuel J. Walker for s2o, ,29S.19 by coli
! fossion. The note was for $4,000, nando in
September, 1879, and payable. on demand
| Only Friday the WAulioHlA National Bank re-
coyored judgment, also by confession, for
! *3,205.12.
| CANNOT KEEr HOTEL.
| Matilda WilliBton aud Goorge Wjiston fled O
rick II. Smith aud the MorcAnnts, Farmers, and
! Mechanics Savings Bank. Complainants nllcgo
that Oh the 22d Of December George Will!ston
agreed to buy for 81, 500 one-half interest from
Milwaukee. Smith rcproscntel that tho hotol
was good and paying, one, with about tity
fcrroa bnnh neeonnt Of S3so.so ~ ssaa M9T-
shortly afterwards discovered tllat Smith lall
cheated him, and demanded recbnveynnce aud
trnusfar, but ii. vain. To add insult to in-
jury, Smith has driven both tho compainants
out Of tho hotel aud refused to permit them to
stay longer. Or to have any settlement Willis.
ton therefore iuvokes tic aid OF n court OF
equity, and asks an injunction against Smith to
prevent him from drawing the money, Or the
| DaHk from 1}AtlEE' lti AIid N|ao luf Au uCEouus'
The injunction wna granted by Judge Moore,
under i boud for $3.50.
| UNITED BTATEs COURTS.
The Fnrnars' Joint Stock Insurance Company
bogau suit in debt Oh bond against Peter i.
Westlnll, executor of the lust will aud teata-
mcnt OF Alexander y. Williams, laying damages
at 81 QUO. It appears that Williams, In Lis life
time, hatl aigned bon1 for the faithful perform
ance by one John II. Buell. of his duties AZ
agent Of the plaintiff. Duolt having -pocketcd
s0ne Of his receiptH, Williams became liube.
DAaKnurTUY 1rEMs.
4 discharge WIS issued to 1ohu 4, Poor.
An orlor WIS nlslc for tho examination oil
tho banLrupts Walter Van Velzer OF nl.
SUPERIOR COURT IN BRIEF.
John seoloy Walor enterol up Judgment by
confession agaiust William g. Waller for
IL ,537.10.
Charles Nash and Richard 4. Bur!e filed bill
II. Reynolds. Ii appoara TINT in April, 1879
complaiuantH conveyed their stock Of boots ant
slloos to defendants in trust to pay debt due
tLem, Defendants havo sold the stock, bu
failed to make return, aud compIalnAutB aBl
for it and roconyoyance.
o1nculT COURT.
Kimball and Sheridan commenced q suit In hs
sumpsit agaiuAt Thomas Sheridan. The sui
was began Friday, but suppressed for service.
David Cole md Charles j. Colo brought sui
for 81 900 agaiuHt Robert Il. Meredith and Gath
. arine tlorctith.
George Olonhouser sued Arthur Britton 10
$500.
William O. Dca1tnan began auit againn
Louis Miller and John j. Alotz, claiming VI. .500
LIVINGSTON COUNTY CHANGERS.
, Correspondence Of I'Ae Ch,eago Tribune.