, 1876-05-28
RAILROAD NEWS.
Application for a Receiver for the
Chicago & Pacific.
THE CHICAGO g. PACIFIC.

| noon IN the unlteo olates eneu1t oou.s . paaa @
Lackawanna Iron anu Coa Company " W.. 49,.
sylvania, the Delaware, Lackawanna q western
~ i4 r,MR xipny r es yor c;tv Me Moses TAYLOR
a. 10y A1n1 y. ".,..c pI.;, - R1a;r.tn,vn
o. Nc" 1 or4s, anu oonn O. oIan1 -
n. j., against the Chicago d Facinc haAfo" "
Company, Thomas s. Dobbins, George .
;u,',t;an ~ ana +ho ,nno;nt mont If n Kereiyer
1une1lon u. n'a sn' app .'t 49,. +na c;,;"aan 8
4ue cou ses ou' tAAs WV o :.
Pasidc Railroad Company was organized il
1865, under tho name Of the Atlantic q Pacific
road @ across the State Of Illinois from Indiana 10
tic Mississippi River The original capital stock
vas S30UOuUO, which was aiterwarl increased
to $4,00U,O5O The road then gave mortgage,
Oct l, 1877, to the New York State Loan and
$1,000 each. Two thousand bonds we're then
issued aud another mortgage given to secure
them III November, 1S1i. The first mortgage
was executed by Il. II. Hough, the President Ut
that tiAc, aud w. L. Hughes, and
the sccoud mortgage was executed by
Thomas S. Dobbins, President, and W. I.
Hughes Secretary. The only difference bc-
tween the two mortgages seems to have been
that the second was given to secure 2, ,oVo
bonds, but covered property acquired subse-
uucnt to tile time tie 1irst 1nortgag Was made.
An arrangement was subsequently, made by
which the Company agreed not to issue morc
than o,UOO bonds III all The Lackawanna Iron
and Coal Company states that it is the
~ ~. I:a;road Comnonv. one for
S111 l31 &C. dated March II, 1915, and payable in
SIX months, another note for Sill, ,0l6.33. dated
Juue II, 1915, aud payable in four months, and
Il third for $I13,6l5.T, dated Sept. II, 1879,
Ky M,;ar ~ ~ X P";t;c Roiirna drnositc.l With
tiIe irt,u Ind Coal Company $50 frst-1uortgage
bonds for 81 ,0M each, 2H bunds being pledged
Tor % Zach, note.
MUSES. t;'ap'. aop. T. p,.;d;r r,roati cn,n-
1,e no1es u @ Luz Etr ~ .Sio ~, lated Nav IS
panys oue iol Fto'1e' .,n~the .y,+horr
lst5 PAYABLE IN lour n9s5ss 9s ,,1ah3c aStnSa e.
for slo,' udleo t,,;rI fnr, liz: liz nm date.i
four lnonsns anu shlo ~ ,n ,,e a.lu'
june -, toto' pa1aots ~ ~ 'aa+od inna' a.
1ourth 1or Inc ss1ne a1uouut1 uGu at.i It,. Je
1S85 due II fonr niontns' u'u W. .an, 'lhem1
for oatem oune @ ~ to.', .ra is,l.i api
BY loo tirstluortsase D1nas.
The National City bahh owns toul noles a.es ~ o.
the same Kia!lroad Sonipan5, eucu lo5 eLo,2ooo2,
three aateu e1ay l.. ui0 onG-ta5 10y 1o.'. .tl1u
payable IN Tour mont1s aiter d4tG:, T., ~ tnese
notes OF the City balh ana ol 1a}los ~e9e eie
given III renewal o1 Us many liotes 1or e1U,oVo
each which 1cll que III tsossmoer PfSceulns,
and we're not paul at maLu1lty, ano tne notes !'
held By tue Iron and Coal company Sere ~ iike, e
wise given IN renewal OF hotes lor elos,soo;0o ;G
each which lad not been palu az 1hat1f1ty: -
secure the notes Of the Glty Bunk, 1t holds E'o
1rst-lnortgagc bonus OF thc ROAD.
ghr i}e4l-Afare, LackaWannA u western Kali
road Company also claims to o. M gredltor OF the
railroad to the amount Of S5O,58o.!3 on three
notes, two dated June y, 1919, and due Sept.
20. 1875 secured bY nlty-nve nrst-mortSaSe
bonds Of the road. .-..:
JOHN $. BLAIR
likewise represents that he holds fye notes OF
the same unfortunate road for the sum Of s1o,-
3333 33 each an made IN the spring ana summer
OF 1870, due III tour and SIX months, and secured
by 1nnty drst-'nort5a9e bonus of tue Company
AL thc notes gwen 10 tue LaekaWanna Iron
and Coal company were II payment OF IRON rails
furnished to the road The notes given to the
Delaware, LacknWanna western Kallroad
COMPANY were for & ,fo1 @ Iassen1ngs. m those g1yen
70 the National BANK, MOSES Taylor, anu John
$. Blair were IN payment ot moucy loaned the
ruau, and USED III us SonStfuctlon. Inc COM
plainants alleSe that az THESE notes are long
overdue; that the ponds nave no market
value, and cannot De SOLD: and that no
interest has been pam On ihcm; l!clr only"ay
th collection ot the nt f 1 hnna
AMI claim to he entitled to the interest falling
due to be applied on their debts. The New
York State Loan and trust company has dis
u.