The New York herald., 1874-07-17
CENTRAL BRANCH UNION PACIFIC
RAILROAD.

IN 1867 ssnator Pomeroy, of Kansas, and Willis
Gaylord, OF New York, 1t IL said owned the fran
cnse OF the Central Branch Union Pacific Railroad,
then known as the Atchison and Pixies Peak Rail
road These two gentlemen, as further alleged.
obtained an assignment from the Hannibal ana ST.
Joseph Railroad, OF Missouri OF its rights under
che Pacific Railroad laws OF the United States,
which rights were grants from the United States
OF 900 900 in United States bonds end large land
subsidies for 100 miles OF the ROAD running west
from the Missouri River. They associated subse-
ouently with them James Wadsworth, Eningham
g. Nichols, Ralph NJ Pomeroy, William Osborn and
others. and made tract for the building OF
this 100 miles OF road In the OF one OF their
uumDer, william Osborn, whereby the company
was to give to OSBORN all ITS land subsidy, all the
bonds Il should receive from the United States
AL the bonds the railroad company was Itself
entitled 10 issue aud all its stock not otherwise
disposed Of amounting, it WAS estimated in value
90 more than double the cost OF building the road
1t Is further claimed that Osborn then assigned
seven -eighths OF this contract TO his copartners
Pomeroy, Wadswortn, Gaylord. Nichols and Others
VINO executed an agreement among themselves
each 10 be found by the acts OF a majority in
interest; that they also appointed from among
themselves an executive committee, who should,
among other things, receive the lands and other
property the parties were entitled to In trust for
rhe parties; that 0scorn went out to superlntend
che building OF the road; that there was an agree
be should purchase on their joint behalf eYaflahle
lands TO be LAID out IN town sites, TO be disposed
OF Tor their Joint profit; that the road finished
IL lS6H at an immense prOht that the parties
were hungry lof more: that they resolved 10 en-
Qoy counsel and disburse money, and appointed
committee from among their number to carry out
bner resolve: that 10 con vince the authorities at
washington that they had right to extend their
road and receive further subsidies IN lands and
bonds, or. rather that the railroad company had
such right, the parties to the contract OF course
owned all the stock In the railroad and so we're
the stockholders Of the read and some Of them
we're its officers; That ever since this they have
prosecuted their claims before the depar tments at
washington and before Congress; that Congress
10 granting suosliy 20 thus road, limited it to 100
miles thereof that their claims have been rejected
by both Congress and the departments, and again
and again renewed and still pressed; and that all
this has delayed an accounting between the Execu-
TIVE Comuittee ana the parties in interest some
OF whom nave become impatient. Mr. Samuel l..
Vredwel', one or these parties, filed his COMPLAINT
in the Supreme Coult for an accounting, and yes
terday moved, be ore Judge Lawrence, IN supreme
Court, Chambers, for the appointment Of a re-
celver; bat the Executive Committee it appears.
40 not want 10 account, and they do not want any
receiver appointed, curiously alleging as one OF
the reasons that there would be nothing the re-
Ceiver 10 take.
After readlng the papers and hearing arguments
or Mr.. Samuel {. Mount, on behalf OF Mr.. 1redwell
ana 0i Mr. Daniel I. Walden, on behalf OF the EX-
ecutlve Committee, Judge Lawrence took the pa
pers reserying his decision.