The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-04
SUPREME COURT NOTES.

| WAsHINGT n, Jan. 3.-There we're no decisions
in the supreme Court to-day.
The written opinion Of the Court in the case O
T. Richards and others as inst the Chesapeake
and Ono Railroad Company, which was argued
before the Ul.ted States Circuit Court for the
| Eastern District OF Virginia, on the 2lst OF De-
cember last, Chief Justice Waite, of the United
states Supreme Court, sitting with Circuit Judge
Bond, was delivered this morning by Judge
| Bond, in Alexandria, Va, Chief Justice Waite.
though absent, concurring IN the opinion.
There were present, Hon. VIM. NJ. Evarts, ex-
Judge Shipman and Mr.. Stoors, Of New York;
| Judge Robertson and Judge Crump, Of Virginia,
representing the company and the creditors I'M
der varlou, mortgages, and Col. Gordon, Messrs.
oteeger, Smooth, Jones and Smith, OF Virginia,
representing several bondhOlders resisting the
application Of the company.
1t will be remembered that upon the ex parte
| statement of richards, who originally brou sht
the suit, Henry Tyson, of Baltimore, was APP
pointed receiver OF the road in November last,
by Judge Bond of the United States Circuit
Court. subsequently the trustees, under the six
per cent mortgage, made application to the State
courts OF Virginia and West Virginia, for the ap-
polntment VI receiver to wind up the affairs OF
the company, and under this applicat on Gen.
VIM. G. Wickham Vice President of the road was
app )inted receiver
The questions before the United States Court
to-day were, first, q motion to dismiss the suit
from the United States Court for want OF juris-
dictlon Both the plaintiff present, and indis-
STATE. Second, motion of the plaintiffs them
selves to be allowed to enter the common order of
dscontinuance that they might be able to pro.
coed III the state courts whose jurisdiction was
unque5tlnned
Judge Bond after full review of the case aud
the action OF his court heretofore taken in the
matter, announced that an order would be is.
sued directing the Receiver appointed by him
(Tyson) to settle his accounts on or before day
to be fixed, whereupOn he will be DISCHARGED
IN in ha Stoto
courts according to the decree Of large maj or-
ity OF the creditors OF each class. The effect
OF this decision will be to place the az
fairs Of the road IN the hands Of Gen.
Wickham, the Receiver appointed by the State
courts. After the decision had been read
Mr.. Evarts inquired what day would be fixed
for the receiver to settle his accounts? Judge
Bond replied that this could be agreed upon by
counsel, and after conference between them the
10th inst. was fixed upon as the time by which
the receiver must SETTLE and an order directing
him to do 80 will be made Immediately.
As soon as the road passes into the hands OF
Gen. Wi khan those most interested in it will |
proceed to a foreclosure of the mortgages and
the interest VI all classes of creditors and reor
ganized upon plan generally satisfactory. The |
Chesapeake and Ohio Railroad extends from |
to he Ohio River, and was constructed |
1t cost of about S27, 100000.
1t is regarded a. one OF the best constructed |
roads in the country 1t is stated that three
'ourths OF all the creditors of the road are favor
able to the foreclosure of the mortgages and set
dement's of affairs by the State Courts, in accord
lnce with the decision Of the United States Court
20 day.
The Internal Revenue Agent experimenting
he government sales CT lands in South Carolina
or non-payment Of direct taxes, reports to the
department. that the town property in Beaufort,
J. a., belonging to the government was sold on
December 3Oth for 5000, which is considered q
air price under the circums tances. The sales
It Hilton Head and other sea islands for the same
'ause WAS to be commenced Immediately, and it
vas anticipated that good prices would be re-
LliZed.