New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-11-27
THE COURTS.

| GIVING AN ACCOUNT OF HIS TRUST.
| now RAILWAY GRANTS WERE OBTAINED FROM THE
MEXICAN GovERSMKNT-THEIR DISPUTED OWN
ER-HIP
An IMPORTANT motion in a suit In winch
Aaron L. Reid and Others plaintiff ana the Iehuan
epcc Railway Company, Edward Learned the Iehuah
| tepec Interocsan ulroad Company ani others are
defendants argued yesterday before Justice Dono
hue IN the Chambers OF she supreme
Court. In November, 1868 tho Iehuan
tepec Railway Company was Incorporated ID
Vermont by a company organized by Emilio La Lere'
under q decree OF the Republic OF Mexico granting "u
rhority to the company communication Oet"een
the Atlantic and Pacific Oceans across the stnmus Oh
Tebuanepec II improve certain rivers ana 'h'n
connect them by railroad line. The franchises under
the decree were to continue for seventy years Ac
cording the statement OF the plalntlHs coun''i ~
court YESTERDAY, three OF the defendAuts' Messre'
Learned, Babcock and QuIntard maue "'
arrangement with the plaintiffs By WHO"
these three men should become the trustees
Of syndicate composed Of oil the controlling persons
These trustees were hold The stock OF the Tehuana-
pee Railway Company for the benefit OF the syndicate
certain proportions they we're 10 obtain added powers
and franchises the Mexican Government and III
short were do the executive WORE OF the syndicate IN
carving out the railroad scheme. As president
Of tho company aud chairman Of tho Board OF
Trustees. Mr.. Learned employed agents to Sc
cure added grants from the Mexican Govern
ment and these agents had his name inserted
in the grants in place Of the Tehuantepec Railgay
G. The plaintiffs claimed. fuftheI, tiit Nh
Lcarncd instead Oi transferring his grant 10 the ieh
tepeo Railway Company or 10 any peis ms
the syndicate. conveyed II toa MaSSachuse5 eIry y
lion Gale Trhuan pee lntcrorcan Railroad Com
pany, which H. mad organized wlthOu5 ne consen' %
The syndicate. and plan IFS were eXcudcn roN thc
benefits of the arr1ngoncns. lre uotpu ,i rEuu
terday was TO prevent the CARRYING our q" us udi9ic
VolnmnOus alidayiis of bir. Learned III rtpy sci
M that the rights obi aimed by the aDoYenancu agents
from The Mexican Government were granted 10 Mr,
company should oranize,t construct ana OPP
crate railroad telegraph ine provide Tor DY tr
grant grant required the deposit of @lODOOO re
reported members OF tie syndicate ana IL was
agreed that II no assumed the resphs DIV Vi Tue
scheme lie should nave the cOuduc, OF H. Inc
Tehauafepec Interocean Railroad Company was or
ganzad hy hiin to receive benefits 81 the grant
Certificates OF interest in the a-sOcIttlon cdied
The Edward Learned and Associate trustees
have been issued, enu1ng the hoiucis 10 CONVEX, Ine
same into bonds Of the railroad company
+ company has executed mortgage 10 the central
Trlst Company Ncw-York to secure the payment OF
an iSsu, SO OOOOCO OF FIRST mortgage bonds ana euch
raised applied 10 the prosecution O th enter
prise But lci her OF the plan 1s has offered 10 pay
OF Necessary 10 preserve thc grant OF 10
prosecute the enterprise although hey have been IN
vted so 10 do. Ii concluding MS affidavit Mr. Learned
said:
An my efforts devoted to operating under the
possible Then knowledge and approval OF all
Jares who could be consulted including the plantn-:
Rci Smith and FOro the old plan was aDandOhcd ana
tyr new adopted
On inc ani iayits of tho plaintiff, JU stce DonOhuc
recently granted temp Tary injunction restraining the
defendants from taking any further steps Ia the trans
the continuance OF the INJUNCTION ana lor the
appointment Of arrrciycr fer thc rhuanlcpec haiMay
Company. Decision Wa reserved e1rarIndh StefnhS
represented the plaintiffs sHckuey K Shepard The de-