The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1877-05-21

In conclusion, an application will be shortly
made to the courts by the first mortgage bond
holders for the appointment of receiver or re-
city Of Portland, or other parties. If the court
see good reason for such appointment, the
nrst mortgage bondholders will accept as a
single receiver any competent railroad mana
| ger hitherto unconnected with the road, upon
Whom all other parties in interest will agree.
In case three receivers are decided upon, they
Will claim the nomination of one. In their bill
| In equity praying for receivers, they ask that
separate accounts shall be kept and separate
| divisions of amounts to be expended for re-
pairs, &C., such amounts to be allowed to each
section, out of its own earnings and not other
wise: They do not claim, for example, the net
earnings of the second division, should there
prove to be any, and they claim only so much
OF the earnings of their division as shall pay its
running expenses, necessary repairs, interest
on their mortgage, with proper allowance for
| previous earnings which should have been ex-
pended in repairs to their division, but which
nave actually gone into construction, repairs
and other charges elsewhere. Other earnings,
should there BIS any would, of course, belong to
the second mortgage.
Such are the views of the first mortgage
bondbolders Of the Z. & o. L. r. Co. as ex-
pressed in their recent meetings. and shown in
the votes which they have passed for the guild
2nce of their trustees. Their interest in the
enterprise is certainly sufti ciently large to en-
title their opinions TO some weight, and their
action likewise shows their unwillingness to
| force proceedings or to press their undisputed
rights to the disadvantage of any other secured
creditor of the company They have now, how
ever, fully determined to take all necessary le-
| gal steps, friendly if possible, adverse, if they
are driven to them, to protect their property
| to guard their rights and keep earnings which
are their just due, from being diverted to con-
| struction expenses or repairs OF sections not
covered by their mortgage or to the payment
secondary their
OWE. First MORTGAGE BoNDHOLDER.
TEMPERANCE MEETINGs.-Several i'm POI tant
tempera &c MEET ngs were he'd in cur city
yesterday, under the auspices Of the Good
Templars. At Congress Square church in the
evening Col. John j. Hickman of Kentucky,
the chief Officer. of the Order, delivered very
eloquent ard instructive address to large
audience
AT the Chestnut street Methodist church
Bev Mr. Satterlee of Minnesota, preached in
the afternoon, and in the evening lectured
upon the subject of temperance. Mr. Mechem
Of Kansas and others also spoke.
at Congress st. Methodist church, in the
evening, Hon. Samuel d. Hastings Past R.
W. Chief Templar delivered very interest
Ing duuresS. heN. James WeDD Oi CallIOgDla.
and others also participated in the meeting
Meetings were also held at Ferry Village,
Knightvile, Stroudwater, and at other points,
which were addressed by "Father Harmon, %
Messrs Scott Of st. Louis, Draper and Sutton
Of New York, and others.
The various Sunday schools were largely
attended during the day by the visiting Good
Templars.
The Reform Club held very interesting
meeting last evening which was addressed by
members of the Club and Mrs. Partingtou.
A temperance meeting of usual interest was
held in Stroudwater Hall. under the auspices
of the W. G. 7. U. of that place last evening.
Eloquent and interesting addresses were made
by Mr.. Winter of Connecticut, and Mr.. Finch
of New York.
The Temperance meetog at Congress Hall
last evening was crowded Interesting and
enthusiastic add resses were made by Messrs.
Scott of Missouri, Farwell of this state, Need
ham of Kentucky, O'Donald of New York,
Campbell Of Kansas, Mrs. O'Donald of New
York. Mr.. Blackstone presided at the piano;
also Mrs. Brookbanks of Indiana, sung the
hymn entitled "Sowing the Seed" which was
finely rendered. Several signed the pledge
Tuesday morning at 10 o'clock the sessions
OF the Right Worthy Grand Ledge of Good
Templars commence at Congress Hall, and
will continue during the week, day and even
ino