New-York tribune., 1879-03-31
THE COURTS.

III II NOO IL ~
u,rD1T MOBTLIER SCANDALS REVIVED
O..,,>, Pacific RAILROAD COMPANY SUES TIE
I'M ,c,ycrp,Is IN TIE CREDIT MoBIIIFR FOR Ihf
MN rR,rpULEXT PROFITS RECEIVED Bl
THIN co.,,,,o,,,- hoe
The Union Pacific Railroad company has
- rnon Henry :. McComb the summons ana com.
- in an action 10 have him reiuhd the sums Vi
~ ub ch il is alleged he received as ms snare {" 'ne
ats of The Credit Mobilier OF America "nIcn
W - .-,o,oa the railroad This is only one OF
80 ~ suts which are to be brought against
Hu r,ors who received similar profits under the
d" Wv ,.o,rostapces all OF which profits it is said,
,utod "a more than S4O,000.000 The recent de-
- ~ the United states Supreme Court that the
coverpn,ept could not sustain any action against the
,od cou,panv on the contracts for the construction
road has removed the last obstacle to the BRING
Ing Of these SUITS $500 ,..h a.,
,n to bv Henry Mcfarland, the treasurer, tells the
old story OF the Credit M0bcr transactions, WhIch mas
On long been familiar the public. II is alleged tha'
McConb was concerned in the HoMe propositions
for the construction Of 247 miles OF the road
tor amounts greatly in excess Of the actual
cost the profits 10 be divided among the conicoeraes
in the Board OF Directors. These propositions were
accented by the Executive Committee in september
1864 After the contract made with HoXie was nc
eepted he assigned IL TO Thomas c. DHrant, Henry =
NcComb c. S. Bushnell, C. A. Lambard and H. W.
GRAY. or the 81 100000 advanced by these persons
for the completion of the work, 1t is ALLEGED that
McComb subscribed 100000 and Duraut SGoo,0oo
II also alleged tnat when me OIen{L {
Of America was, re2Isa!hle|p s iIrSc,d NV Company
controlled the Union P"clnc K.LIVru ,tt Mahiiier
McCOmb subscribed for $50 shares OF the Cred MOeI
STOCK; that he held this during the construction ol tS
road shared in the profits OF the contracts, anu s %
holds the stock The company claims TO nave pdiu le
Credit Mobnicr S12974416 at time When lntIHIlS
NJ the Txccutlye Committee aud Of the Board OF Dec
Tors and the treasurer of the railroad company %elt
large stockholders IN the Credit Mobei M ~ IL
is claimed received $l340OO Of the SGOOOOoO Oh uu-
sdcd ~ capsa of action against McComb is fer the
alleged illegal and fraudulent construction OF ano'nI
13S miles oi railroad further west After "aru' ON O
TONER l. 1867 the parties G. tered mo cOu'laOt
si ~ az on 900. his contract was aftcrward
signed TO trustees Of whom McC0mb was ono, he re-
CclyIne a share from all the subsequent proul@. -.
II is alleged that these wrongful acts wcre
oplv known by the participants until the time
Of the Congressional investigation IN le'0;
that then the railroad company repudiacd the con
tracts and called upon the wronsdoers to male make
restitution that these persons have ncEtI maze
meut, claiming further paNmehlSi tut u.N oi"y mn t
10 settle The company, therefore, asks lA4 an tntAo
contracts be declared void ana ne stt 0tIoe 'mt - "I
account he taken of the amounts McCcmh mas MIUUtE
ullv received, he deereed to pay thelr value;
.-ItiC inS5 W. bI by Iin under tie contracts Emot
Hammond & Kldter are the attorneys ior the pam
CuIv other parties who have been served Win pftIs
in the suits that are be brought against the other
leading participauts in the alleged conspiracy. 4he
actions are brought in the New-York supreme Court
DECISION AGAINSI HE wabash IO-'D'
A decision was rendered on Saturday IL the
Champaign Circuit Court at Urbana. Ill., IN tie SUIT OF
Samuel Mcloy against the wabash Railroad Company
In that suit the plaintiff in behalf Of the holders of the
equipment bonds, asked for the appointment OF re-
cever aud for an adjustment OF the Indebtedness OF the
company From private dispatches received here yes
tcrday IL was learned that, while deuyng the appoint
Incnt of receiver the Judge held that the equipment
bond, were secured by the consolidated mortgaSecx
ecuted in 1S67, and that the plaintiff could proceed 70
obtain Judgment and ask decree OF sale 10 collect he
amount of his claims iu detalt OF payment Ihe as
patches also that the application fora receiver
being only auxiliary 20 the main suit the plantlh VIII
continue the TO fOTeciOse the mort gage NOlccS
have been served upon the company that the plantI
will demand IN examination OF the officers and books OF
the company at Toledo to-day.
that tho company through It's connsel PRO
tested against the order for an examination OF H DOCKS
but the order confirmed by the Court From TINS
examination the plaintiffs expect TO obtain information
that will modify in the Indiana hearing, the judgment
given IN the Illinois Court. The hearing in the Indiana
SUIT will take place on Friday next IN the tOunlalu
CIrcuit Court at COVngtOn.