Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1879-05-29
From Charleston.

| re- i
CHARLESTON, May 23.--Ex- United Statos
District Attorney Corbin, who is here as
counsel in tho railroad cases before Chief
Justice Waite, was held to bail to day, at the
instance Of tho Attorney General of the Stato,
in q civil suit pending against him for recovery
Of $24.0 600. The origin of the suit s rs follows:
In 1875 tho State retained Corbin to prose.
cute q claim against phosphate mining
company for phosphate royalty duo tho Stale.
A judgment for $4,000 was recorded and
Corbin paid into the State Treasury 200 dol
lars, retaining the balance. which he claimed
as counsel fees. The State proposes to allow
him only $3 900 and expenses. which was the
reward of q referee, as his fec and the present
suit against him was instituted for $4,000.
Corbin gavo satisfactory bond to answer tho
suit and abide tho process Of tho Court.
In the mattor of tho South Carolina Rail.
road in the United States Court to.day, tho
following orders, consented to by all tho
counsel, were made: That tho holders of frat
mortgage bonds pledged as collateral security
for tho debts Of tho company prior to the date
of tho second mortgage, October /, 1878, and
continued in pledge for tho Same debts or
removal or their extension, are entitled to
hold them against this oomplaintants rs valid
securities entitled to the benefits of the first
mortgages that those holding first mortgage
bonds will DO admitted to share in the dis.
trbution of funds by tho Receiver by pays
| ment of interest, but that tho Injunction as
to the pledged or hypothecatod bonds bo con
tinued in order to preserve tho rights Of the
cumplaintants, and tho amount received by
the defendant for interest shall DO credited
upon tho evidences Of Indebtedness; that tho
detached first mortgage coupons held by G.
w. Williams and others, maturing July lst
1877, and January lst 1873, which woro
bought by them with their own money, which
has not been repaid, are valid securities md
the injunction rs to them is dissolved. Tho
motion to dissolve the injunction as to thu
hypothecatcd second mortgage bonds is denied
and tho injunction is continued; that tho
Receiver ray out of the funds in his posses-
sion S3G,332 Of tho first mortgage coupons
duo July lst, 1878, and January lst, 1879,
held by G. w. Williams and others and tho
remaining like amount on or before January
lst, 1880; that the Receiver pny forthwith tho
interest duo July ist, 1878, and Junu,
ary lst 1879, OH the whole of
tho first mortgage bonds of tho company, tho
coupons payable in London to bo paid through
Barring Bros; that the Receiver DC authorized
to extend the track of tho road to tho Cooper
River and construct tho necessary wharf.
In tho matter of the Greenvillo and Colum.
Railroad the Court declines to appoint O
Receiver, holding that the proceedings in tho
State Court was instituted in good faith and
for the purpose of establishing the priority Of
the States statutory lien over the second
mortgage bunds.
In tho matter Of tho Union Trust Company
os. the Port Royal Railroad, the Court held
that tho mortgage given by the road to tho |
Trust Company was properly recorded under
the lawsof Gcorgia, and is prior to tho judg-
mcnt held by tho Summcrvllc and Augusta
Railroad. Tho sale Of tho Port Royal Rail,
road was confirmed and tho Receiver dis.
charged.