The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-06-06

Tine NORTH LOUISIANA AND TExAl
RAILROAD CASE.
THE UNITED STATES CIRCUIT COURT
DISTRICT or LOUISIANA
0enry Il. jackson Ct ais. vs.. John T
- Labelling ct aIs-No. eOS5.
In Equity: Heard upon exceptions to tn,
decree Is made in the case By the Suprem.
Court 81 the United States ut its October. term o.
and the decree Of tho supreme Court Is founo
on pages sy4. 636. The decree rsverses the DC.
n the wIsS S cVa Dr aa nss Of apd
enss as s. "a tSs rsrosd compsns to John Hay
valid len Upon UPON t i property u The rsiirosl
soas ha SOndRSdsss \ aesp5ss ths t snd
~ a ssO0s claimed e b P ssDSrsn q mi
nndcr s iEeir sa I titis to The properly Or
4: ss:: g ~; J s. AVA Eh n s S,ss. e u
fIereoi. and to order the properly covered BY the
Us bona iide bondholders secured By the NOR :
{ GaGo. and. secondly, for the benefit 81 other
cI3ditorg Of said com pHny and IL st9cknolder I.
Ine mn ,. and last clause q 'ne uecr0e e =
land It IL further ordered and decreed that
0o ae1endanm 20 account s iof az IN. money anu
% sold 20 them or any Of them. Or from Its pro-
nes of Income. recevng n their account s IN, sucn
Nm ~ ~ c NJ. fhev srs. entitled ~
aea that they pay and deliver g -, sc S
s ~ SUM ac'o VI Wing may W iounu ouo
Under this clause Of the decree an order Of
Isz0ke. ~ wsss nauo - s. 2. s Isu, i -
We sx. ~no' on s"n - io'o n'o'
AecoruinR 70 tne leport sne kr0ss oatnings, u
tno lailTuu aoccivou y! ..p 10 onua5 Lvu ~
Ia ~ l ..is ia srsrtv ~ Ina rniIr s coms
10y ~ nue. Wy tsvpe nv -. my ov
e1x csv st yH.t ~ sss.l,s,.s ~ ,s ~. ~.
yesxa y. hmu snhs LuuS s ., anu ms assoc
Op Thy other hand the master T. repsr,s s
- Sccauot si"win1 ihsf thew have 81 nsiId.,d IN
C0nstsuctlon md repairs l0r tns purpose u put,
un8 tno Istoau "a sncn vVn e1s ~ s so IN
ogeraseus W. sum ~ ssssoa 90 ~. Saa III
acsS cum q s.Slssi u These swo last men
u4med snms s 2. 70 s,Sse, w w. 81
Tne mas:sr nfsnef reports snst 1 nu0ssnG ano
80 e4oss q tnest expenu ~ Vvor ' etr w.
@aoe w ~ " u F "a n IA 81 m U ts
sH Y ~. - ~ Hn ~ 80. 4ma III. ths
oyer end above ell REQ ipts from tho railroad
nS s does ~ nj sppssr b. the masters re-
port ~ Let = tnat !, ana Ms associates
paid by them On money borrowed to put the
railroad 10 running conditlon.
Tnq report says: rhe excess OF actual ex-
p0nditures over actual receipts ~ 49, 80 s9 dis
amlned these accounts and vouchers with y view
to pass upon tneir absolute validity or whether
purpose than To answer the matter. referred |
inc MIN paragraph 81 tne decree 0lrects the
defendanH 70 SHOW what money mas come into |
their hAuus income ana proflts. and 10 account
entitlsd %. The testimony shows sufficiently
nco@s l q vss wv without large sausndtu ss
psodis ana inco@s were nearly equal e \ ihe s.
there was 40 in .s or ? onts , from the roai
which oluAled tho necessary outlays Tor con,
& aS fs ao snad
70 claim 70 ....unefation unler that paragraph OF
the decree"
both compassionate aMd deten ianis.
me In.i lain Question raised ~ tnese exceptions
aIe si e lawn. Been decided BY tho Supreme
associates were possess II n bad falth. w1ethsr
entitled e. pay for the improvements and re-
paars @ snym piace t upon r inc psoperty AZ
counting = the same lime lor income anu pronts
and probe Of the property while In their haads,
the defendants are entitled 70 interest on the
money expended by them IN improvements anu
reHaire
These questions. mainly inc nrst; were argued
orally during an entire day. and l have bsen
favored With I'VE elaborate printed briefs. la
which the questions are discussed with great
ability and learning
There seems g nave neen on tne part OF coun-
sci no a.Svmpt y reconclle the connctlng de-
the questions ~ Issue. 1t has rather BEEN
struggle ~ each side 70 see wnicn pulu cite the
greater numbor u DECISIONS IavorlnR H6 views
10th parties nave sucoeeueu IN CALM! 10 the
attention Of the court large number OF cases
tainiug their opposing views. and the conflict Oh
the decisions seems TO nave contlnued down 70
the present time 10. t8@.
I am relieved from the task OF attempting to ,
reConcile thsse dectetnns. The question what Is
the iursprudence q this State upon the points
has .bsen PASSED upon by II In the case Of