New-York tribune., 1877-11-26

money by Mr.. Jewctt; that the orders were made with;
Loan ng and Tst ompany kpownS the esahty OF the
proceedings consented To them They charge that NJ
Jewetis inanagcment as receiver has been corrupt.
waseflil and improper. In that sut an injunction was
granted restraining the trustees from foreocsng the
first consolidated mortgage and from paying interest on
the bonds the Farmers Loan and Trust Company con-
The Complaint declares that the Farmers Loan and
Trust Company, knowing all these facts. brought sut
TO foreoose both the first and second consolidated mort
cages and asked 10 have a the orders in the People
suit made orders in that suit IL then charges that part
Of the bOndhodcrs under both mortgages having agreed
10 scheme of reconstruction, have combined Win MI.
Jewctt 10 the other bOndhOdeIs into acquScence
IN H. though it involves the poslponement OF the paw
ment OF three years interest Tor forty years also that
the Trust Company has entered into this conOinaOh
and has procured orders to aid It, aud especially an OF
der allowing the company to paw ha.f years interest," 10
the hrs consolidated mortgage bondho1ers WI"
70 TIC scheme This. The complaint charges was 'io'a
tion o. re Trust Conpluys duty as trustee. e,d an
On September "a 1877. the Trust Company hlcd an
amended complaint dIsclaiming any intention Oh IOre
closing The first consolidated morigGSe, as pnSov, p
solely on tie second mortgage. ana on NoFenner -
1877 o decree in foreclosure was entered uhder tne
amended complaint on the second coneonul.eu ~ ncI ~
gage. The complaint charges that certain eauseS 3 t
decree arc iuequabe an oppressive 10 the hoIes 0,
the hrs cOns0idaed mortgage Dohus' the hu,eIS W
S3OOoOOO o. which. Is averrtd nave not haseheu 10
tie scheme The complaint iurihcr charges tlt tII ,i
Trust Company has aided MT Jcwctt 10 create Ina
encumbances tO the amount of S,I5O0OOO, aud has Al
lowed him 10 conduct the business III corrupt ana
Tie rrayer Of The complaint is that accouniing be
made Of the bonds secured by the first consolidated r
cage 1ha the farl1ers Loan ana trust Oolnp"n3 tt
noYeq as trustee; that new trustee be apgohlel nt
the Farmers Loan and Trust Company be uecl.r'u V
tied to no compensation that the new uGsue lake
possession Of the mortgaged property that the furhcr
prosecution of the Farmers Loan and IrlS5 COMPANY
suit DC euloncd and that company prohibited IRON W NJ
ug any suit ia regard 20 the first mortgage or iro eIoc
ing The consent C DOnGhOlder; thai receiver 10 ~ ono
appointed that judgment ~ foreclosure anu ehe pc VI
tered ana decree That the Erie Railway company MAKE
decd OF its property TO the purchaser on the SAFE
The representatives Of the plaintiffs give the Iol0W-
ing reason Tor bringing the suit IN mouFoe Iouh9
instead Of i'm New York They sly mat they "ouu law
preferred bring the suit in Ncw-N ofk Cfy, Dut,
in consequence Of the DOUBT expressed ny
their counsel whether under The provision OF inc Coue
u would be legal 10 the ~ New-lor ana ~ con
sequence the necessity that the proceedings shOnd
be taken county along the line 0i tie ROAD te
su has been brought at Rochester as being the most
convenient point Tor all PARTIES 80
IL reported Wal-s on Saturday TINT the uelat-
ure OF jenkins Van Schack, 0r Europe, had relation 10
the dissCusous among the English hOndhOldeTs.
Fletcher West tray on behalf Of William Fletcher ana
Others foreign OF Eric bonds, applied 10 judge
Lawrence n supreme Court Chambers on Saturday i0r
order that Hugh j. Jevett execute release 10 ne
United States o. all claims for income tax litgaiF
assessed The Supreme Court h5s deoceI hat The ~
come tax on bonds held bY foreigners was hesalY
CXacted but under the Treasury resua IONS II cannot be
repaid TO thus. whose interest 70 was dethced
without the of TIL company or lis representa-
tive Judge Lawrence directed a 4eIeTence