The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-14
IMPORTANT RAILROAD LITIGATION.
FIGHT oven TIE COLUMBUS, cBIcaao AND
INDIANA yOEsrsAl RoAD-srATEMExr OF
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ian-so1 ~ ,srg NEwroRT, R. L., August Is 1878
; This morning Associate Justice Harlan opened q
the state House . special session OF tho Cir
Quit Court Of Indhnaa Tor the purpose OF
hearing arsumcnss In auusssrtans wssssrn rsi,road
case In which ase tavolvsA sny insscats gu estio No
as 70 she right Of railway oompaniss certain States
TO lsaes thoir roads, and there 10 also depend
Ing upon the case q very large amount of
money. Owing y TO, tho, Bbssnee Of somc Of
. the counsel the court was W adjourned until
tomorrow The parties 70 the SUIT are the Ptssburg.
. Cincinnati and 81 Louis Rsilroad Company, com.
plainants, ami the defendants the Columbus
Chicago and Indiana Central Railroad Com
pany, Messra Roosevelt 70 aud sFosdiek, who
are trustsos Of . nrst. consolidated mortgage
given by tho Columbus, Chicago, and Indiana
Central Ra,lrosd cgmpssy ,ss renasyisssAs k.sss
ssss q S % Ed sea Ss paes
tween R,cnmsad. d., And Nsvs.sHs,. lid "a
isss sl sI s. ssssss @ !: ss IS
anoultsg - shons. ooeooo !, ~ iis
On February 1869, the Columbus. Chicago Snd In
diana Csnsral Railreads Company made . lease Of rs
road, &c. to the Pitssburs, oise,naati and 81
wIse6 Jesse me Issss: seresd to .' op :.
Rate the road tor ninety. years, renewable
s:sss. r. s f :, r. p.s ' :,
the lessee SO sasi 70 inset, the interest on
the bondsl debs o. the ,Colnmhps, CHICAGO
sod lndtilA Central RAilroaA Company 70 the
extent OF SEQ coo 0O0 and under the Tease entered
into posssss,on aad commsncsd shs opsfason Of the
road A lew months afterward, the road not being In
she condisn represented an amended tense and con-
tract agreed upon. to take effect February 1870
Tho sssss coutinued To work the road until the TALL
Of 1874 when the lessor having tailed up that
TO perform the covenant entered into TO reduce
solute Indebtedness $15 82l 900 she lessee gave
ttce that guless thaS wassdonc on or before July
1875 shoutd t1ass 1.-The leaes, ~ rssctnded and
should take Judicial proceedings upon that basis, xud
mi. rss:
in ,ho United" ,st.sss Oirsal. couf. ID fnl
dianapolis, and also LIN ~ CHcsnGAA' Ah6" cbil
caso, alleging that Il had oommsusa" u
breach Of the conditions OF she mortgage IN not
makiog the requisite payment for the sinking
fond, and prayed for recover On the Same
day the Columbus, Chicago and Indiana Gen.
trail Railroad Company voiuutsriiy appcsrsd,
ana an order Was granted appointing MsssrG
Roosevelt & Fosdkok, tue eompisinantS receivers,
but stipulated that they should net Tor the present
natl ana 81 Louis COMPANY Roosevelt 4 Fesdsck
have Aica y csoss-b,ii IN tho suit in when
all propositions on the par, OF complaiDsnts
roversd, and thoy ask tor decree against Penn
syivauia Railway Company for the aPScaragss OF rens
according 20 thc guaranteed mJninAums. winch
amount 10 probably over s., o0o, COO ''n1fs
% DIsrIN0uIsHxD CouNsRI-
Counsel for the compliments Senator Stanley
Matthew'S Mr. John Scott, she general counsel OF the
Thomas Hendricks On the part or defer dan e
the case Will be argued by Judge George HeadIy, Of
Cincinnati; Senator McDonaid, Of Indiana, and Mr,
6OuShmayd. Of New York.