, 1874-01-08
RAILROAD NEWS.
Facts Developed Respecting The
Springfield t. Illinois South.
eastern,
Alleged Heavy Steal in the Decatur, Sui.
1iyan & mattoon Enterprise.
Other Railroad Items.
Tho Springfield d Illinois Southcas&-
crn-sDocfatur, Sullivan a. mAtto0n--
Paris d Decatur.

Tho Springfield d Illinois Southca8t-
crn-.Docntur, Sullivan g. ma1toon--
Paris d Decatur.
speciat Dispateh II The chicaao Tribune.
SPRINGFIELD, ILL.,, Jim. 1.-THE motion to ap-
point Receiver for the Springfield J. Illinois
southeaatoru Railroad was made to-day, mud
Judge Tfcat took tho caso undor adviaomont.
Tho facts developed In tho case are that John
Blooagood & Co., who apply for tho appointment
of Receiver, arc tho owners Of So, 700, 900 Of
tue mortgage bonds. leavlug s70o,00o Of the
bonded debt in the hands Of other parties It
soomB that 0lr. Dunn, Of tho firm of H.
b. Clatlin i Co., of New York, Ia
tho owner Of $4,000, upon which ho
Ind heretofore sued tho Company, aud OBJ
tanned {. judgment for accrued coupon interest,
amounting to $1,000. He was proceeding to
vent ono bondLoldor getting the advantage Of
another, as would be tue case should 10 succeed
in collecting his judgment. Bloodgood l. Co,
tilo this bill to got Receiver appointed, with
instructions to pay, first. the payroll Of tho
to apply tho ezcoszs, zs' If any, ~ to til, tie
payment Of tho interest on tho bonds
pro rata. Tho only poraopH who object
M at al to the nppointmentment OF q Receiver are
tho attorneys Of Dunn. The Nailroad Company
does not 1esiat it. The arrears Of tho Company
upon its floating debt, consisting Of operating
expanHes, supplies, and repairs, nro s280, 900.
The next ln order is tho Decatur, Sullivan 4
Matloon Railroad. This road was chartered to
DO built from Mattoon TO Decatur, 40 miles, and
morsgagod for Sl9, 600 per milo to tho Fnr1nols'
Lonti Il Afuat Company of Nov:
York. All tho bonds secured by tho mort
gage woro issued but only 40 miles of tho
road built-trom Aattoon to Doltol,. The Com
pany was afterwards consolidated with the CHI
cn6o Illinois Southern hallway Co,at,aur, ,and.
another los Of mortgage bonds: iosuGd,:tt no
more work waB done on tho road. Tho Pa,iB d
Decatur Railroad rau within three. miles Of Dol
ton, and built branch from thcir road to con-
meet tho Decatur, Sullivan & Mastoon Railroad
with it. and leased tho lnttor road from tho Chi
cago d. Illinois Southern Railroad COMPANY.
which company hns paid no interest on
any OF tue mortgage bonds, and tho
payment Of rental by tho Paris d Decatur
Hailroad has boon galniBhoed by creditors of. tho
chicago d Illinois Southern Railway Company,
The Farmers Loan l. Trust Company now apply
for dectoo Of foreclosure OF the nprkgago
made by the Chicago & 1llinoia Southern nail-
road Company, and by tho Decatur, Sullivan i,
Mattoon 1tailtaad Company. aud for tho appoint.
1nont OF Receiver pondtug tho foreclosure. It
is said this ease, when*t comes to trlal, will de-
volop the biggest soal yet porpotratod in railroad
building under tho Grab.law. It will probably
be heard in week or two.
In connection with the Paris L Decatur Rail-
road, statements copied into Chicngo papors
from tho Now York Times Of Jan. s. that tho
pnris d. Decatur Railroad lad not paid itB in
torost on Jan. l, was, 1t is elainled, incorrect.
1tg coupons were promptly paid in gold at tho
office Of Grnnt Brothers Il Co., London, and
also at tho Agency Of the Company No. 34G
Canal stroct, Now York.