The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-07-23

therefore amount preferred The
NO :. ~ .hs pr"s sna
y s 81 &, .sa
ssIa has has ana = s.n Is
s:iaF p..s.Is..y ssSsa. d.ss: s.ssH.
Sdvanes OF earrons Virsuaiix from .ntn,u gaming.
the built .A nile: sadi.ion., road
and has also sxpsnaed con.,dsrAsis sum. in the
eities for the shipnseni OF IT'S coal. whie. we'll
10 ns . .. aD
y o. the other Goals found on she Paehc coast he Com
sra -aiiro.a Company .. Min"s:o.. 9 new road
c"nssisatins "a impoTsns INK in direct With
unsapoiis aud 81 Paul This road runs from Braasrd
and has been leased 70 the NslsLsra Pacific on
s,.mares Though paEo,s Ias been put thorough
ass ~ an. me %
Tor the winters With he rapid cancellation OF
opa,ent OF the net earnings. While the road Is being
seems ~ no near. iemos Of time When DIVIDENDS
be earned aud paid nnon pse'sfrsa stock NO. an maa
hard extension OF time Is granted even without the
smpOssa and tie great ~oK
s S .isa s found esss S1 ns now
tuis ss WORK therefore even N the aossnes 81 essa-
view the situation aud prosperity ot 'n rArosa other
preferred stock orders oil
committee or set apart tor creditors who have no. yet "e
preferred rocs which ARE Tor distribution ihs
been the change produced by the favorable
Of events that the common was At on.
subject Of heavy clam against the
Of this report for raneng ro 81 So
~ the &c a n
p is7s '' '"'A " '''''s' ''' A'''' ''''~'''
The relation OF J ~ Cooke Co TO toe government
during led 10 q variety OF traDsacuops and
accounts with the United States and tho several de-
partments oil the government and these resulted in
the government appearing as creditor Tor number
OF large amounts AS the Uuted states Is, under the
laws, preferred creditor Defre the payment OF any
dividend committee tst IT tn, ir duty
to .xA IN inc III Csc accounts win special
lDer allowances II there appeared tar ground TOR
Cposlt luu Among these ciai most form
was the Navy Department against the INDIVIDUAL
estate OF the pprners which amounted 10 $32S POI 2S
nd winch alter much tiya lion was dec,ded In iavor
OF the government and which II beng paid ron tue
private estates OF tue partners as last as the assets are
realized.
Concerning Ogoutz ana Gibraltar. Two famous pieces
Of palatial FOLLY, the report says
GIBRALTAR.
Repeated efforts have been this property
private sale Ia 1875 advertised public
Coz cousss ars osao
vile ind saaau.sy The property was offered on The day
This property has had the constant attention the
In p ls.a AFTER ~ ~s par
committee directed the trustee to advertise Ogonts with
u.s. 1873 limit $40 cJo but Msssr. Clayton Nori. and
the $40 and the effort tailed.
Several since been made sell the prop
erts Al private sale. ~. Without .ncees.
and the comuittse dirsctsa the TO soil any or
the iaud not Included IN The limits OF osonts
Aeeordngly lots 81 and 10 sold Mr.. Deli Nobit
And lots s. g. 4 so sold Mr.. Jacob Loeb
there are three SIN ali farms Washing
lane lot Of about fifteen acres Of very desirable
m.s.oa coach house ana s;s'ps green houses
ACRES OF Ian y.
WESTERN uNMPRovED LANDS
corrected list OF the un'mprovei lands In the
OF acres to DO 70. 1856 very ttis OF winch TO- 1888
xcres) sold or ga acres OF Iowa land the
THE wIsrJEy CLAIM.
Concerning this enormous Claim against the estate
Of ". G. Moorhead the trustee says:
The Wiejen or e Paul and Pacific bondholders' claim
arose, above IN ntioued. from Mr Moorheads double
position - n .gen, ana .%a IRON the
0. Mr.. Moornead. eng member OF the nrn IN
with the proceeds OF sales ist Paul facIhs
The proof as presented by wieusn. &C. on behalf Of
themseve nna oass oondhodsr, .s"ns the hrn estate
r Moornesd Tor an amount exceeding OO,ot
o l "a ss as Nv i.s terms To- cover and
Dind the its Deiny
laid from the moment Of its acquisition 4 large
thu. eport purchased IL knssna VITO
cepts from sales OF bonds issued under this
agent s. '0A' When it resehed sIs side it was: ioaad
Thai the en'e,prv ,aw, ,ne $50, ma,
OF IT, While large sums aSe ~. c"ns .no Son
tractors. such @s De uIAu W. ano ~
&C. r. an aosos;s s,opp~ss OF ,ae w.rE !. wa;
decided py the on,cers oi .ns Io"a W anu
Lipmzn kosenthzi C1., nrm IN Amsterunm wuo were
supposed 10 he tae Oh Inc tnt
IL necessary 10 raise money " - nis on IN o'uer
the cohstuetioh VI sue hecoruusy
and by the agreement IS was supposru OF ~ concehea
Mr. Moorhead sofa the IRON 70 so"Hru roote W. owhom
jay Cooke Co. supplied tne money ' ,e pucnsse -
ABOVE la spessus Va sns 30
thus obtained was uuy pAie 20 ne "rn anu o.ner
eontacois Inc IRON passeu nso .u nsos VI jay oooke
McCuli"ch So anu aler sIu W "e ~ NY pepst1uep
After the failure SUITS eay were oy .ae
ae.s " ."e suPpcseu
agents, ana Claiming mat n,s sno % IRON was VI
trust W mr. "I Ne, ~, y 80. 80 - ~ "a. SIas
his partners were Affected win no khoseu-e o 1he IRON
b-ing subJeyt 70 Tue nen pi 'ns l.sase .oy MS.
claimed "nich was ueneo ,nat the p.oeeus " .e sMes
OF iron had pei Ia ~. ., ,ae ., We %
To the payment o SHhns ot W snos,e wv
zion OF the st. au aud facinc on when their bonds were
not secured ine aee'son =, Tug , I ., a,ew
YORK was tnat Hc o"su ".u a.. ~.
this iror bona rds ana Without notice ana mat tnsn
title could not Ne "ssaed, uus .hes s co3~o w. Jay
Cooke Mcsuoch Co., a"a Ar. Mo"rsnea NJ .ere respon-
sibe TO the oondhoair OF Tue %. su anu or .us