The Tipton advertiser., 1875-12-02

Rsresaly 10 gave the account q
The 6iir9 Of liens On The G., 9. : W
for es5,OO0. Now, that hen ha.
brought he matters Of the railroad
TO . focus. o. will be seen BY the fos'
lowing from the Clinton Age The
road has . good Receiver. anyhow:
The application Of the Joliet Iron
and Steel Company upon i,s petition
6led in the District Court OF this
cousty last week for the appointment
of ! receiver for the Chicago, Clinton
& Western Railroad, during the
oeuaency Of its suits to enforce its
mechanics lien FOR $4,000 against
said railroad company, and the Iowa
Southwestern Construction Co, came
up for hearing before Judge Hayes
this morning. H. Crawford, Of Chic
ago, appeared as attorney for plain
lid, and Judge Young, of this city,
the attorney Of Mr.. Hinckley, appear.
ed, for the Construction company.
The petition, among other things,
alleges the insolvency Of both the
railroad company and the construct
ion company, aud that the parties
composing the railroad company have
not contributed. al told, sum ex-
ceeding $500 to said railroad CON-
pany.
Upon hearing the allegations aad
proofs, Judge Hayes appointed Z ii.
Thayer Receiver of the entire line
Of railroad and OF all property OF the
said railroad company. Judge Thay
er thereupon duly qualified IS Receiv-
er, By taking the oath prescribed BY
Law and giving bond as ordered bv
the court, W.. Young and CLANCY
Lamb becoming bis sureties.
II is probable that Mr.. Hinckley
will in due time intervene in this
suit and the question Of his rights in
the railroad aud premises viii doubt
less be raised and determined. The
Board Of Directors TO = great extent
have lost confidence in Mr.. Hinck-
ley's ability to build this road and
claim that he has forfeited all bis
rights therein. But while Mr. Hinck-
ley has not in al respects fulfilled his
engagements to construct the road,
yet be has completed eighteen miles
of track and has over forty miles
ready for the ties, and has invested
over $500, 900 in the road. which in
vestment be will make hard strug-
gle to preserve. But As this invest
ment is useless without further ex-
penditure Of money, it is Mr.. Hinck-
iey's intention to make arrangements
to commence work early in the spring
and during the year to build the
road to Iowa City and At least forty
miles south and west Of Iowa City,
into the English River country; and
to this end application will doubtless
be made At an early day asking the
Court to authorize the Receiver to
for completion of the line
unless satisfactory arrangements are
made with the Board of Directors.
The friends of Mr.. Hinckley in
Clinton have not lost faith in his abil-
ity to complete the line. As before
stated, Mr.. Hinckley has been pros
trated and confined to his room for a.
bout two months, and has not been
able to give his large business inter-
ests any attention until recently.
The most remarkable fact in con-
nection with this Chicago, Clinton &
Western railroad, rs alleged in this
last petition of the Joliet company,
10 the simple fact that Mr.. Hinckley
has invested 100000 in the road,
while the other members Of the com
pany have not put 10 to exceed FIVE
hundred dollars. This fact alone, if
true, should entitle Mr.. Hinckley to
rights above al other individuals,
and leniency in building the road, as
no one maa will be benefited more
by its consumnation, or injured more
BY its abandonment, than Mr.. Francis
E. Hinckley.