New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-04-23
RAILWAY INTERESTS.
THE READING LITIGATION.

PHILADELPHIA, April %. Counsel fof.
McCalmont Brothers & Co. called the attention OF
Judges McKennan and Butler in the United states Cir
cult Court this morning TO the fact that Mr. GoweB
had given notice to the subscribers for deferred income
bonds bonds would h issued with the rc
deernable feature expunged Counsel for the Phila.
delphia and Reading Company refused to discuss the
publication OF newspaper articles, and left the court
room.
The following form Of the revocation OF the decree o
the United States Circuit Court submitted TO the
Court and will be passed upon tomorrow:
II Is ordered adudged anddecreed that the order made
upon November 1s 1880 in the above entitled cslses
Company and the Farmers and Mechanics Bank against
the philadelphia end Reading Railroad Company IN ref.
issue OF sOcaed deferred bonds be and the
Is hereby revoked.
The decree relating 10 the injunction was as follows:
The motion for an Injunction until final hearing haynt
been argued by counsel aud considered by the court o
l. ordered adudged and decreed that until the hnaI
hearing Of this cause the defendants and each OF them
issuing the deferred income bonds mentioned In the bill
Contract on behalf Of tRS c"rporaton deenani in refer
thereto and from doing any act toward ns
this cause and the exhibits nnesed thereto and known
"a the deferred income bond plan Second, from exc
cutting any mortgage upon the property OF the company,
and from Issuing any bonds or obligations secured by
upon the PTnGpTy Of an f S% SSOs asag sny ec
toward the carrying out Of the scnome OF an rse of
th S r 10 $50 500 q to m be secured By new
mortgage forth and described in the bill and the ex-
In n communication issued to-day, dated Philadelphia
and Reading Railroad Once Mr.. Frank g. Bond. signing
himself president OF the Philadelphia and Reading Rap
road Company, says:
Notice hereby given that having been judc'ly de-
card 10 have been duly elected president Of tbr Pha
dolphin and Reading Railroad Company, have assumed
the duties ~ that Office Mr. Franklin Is. Gowen has
authorized 10 enter into any contracts, or Ia execute any
it, behalf All tJnmuni 'pi,Onr III re-
gard ~ that portion Of the business Of the company
which j. not specially under the charse ana mann -
a- president OF the Philadelphia and Reading Railroad
Company.
PLANS FOR THE ELEVATED LINES.
General Manager Hahn and ef-Engineer
Boiler Of the Manhattan Elevated Railway, yesterday
Chatham square the terminus Of the Second Ayenne
Branch which Il to used by shuttle" trains II was
hoped II AT the new gements would into effect
by May l. but it Is believed that the station at thc
Second ave end OF the bridge will be completed for
week after that time Then the ThrdaSe trans VIII
| run 10 south Ferry.
II wa- reported yesterday that II had been decided TO
reduce the the Second and Ninth Avenue Lines
80 > cents and extend the commission hours on the
Third and sixth Avenue Lines from am Ia lO;SD a. m,
and from D. to y. IL was stated 10y officials OF
the Manhattan Company that the question OF extending
the coun hours had been discussed but stll
undecided while the all day 5cent fare scheme had not
| even been considered. Among other rAnors oreu
lated was that meeting 0f the Manhattan df ctOrs
had been led and had decided to deny the runof maj
ihcrr be preferred stock Issued Ia the extent OK
50 900 900 20 deficiencies, and that ah apltaton
was be mnr for the appointment oi receiver or mo
Metropolitan Elevated. Both rimors were depl,d upon
authority A director Of the Manhattan stated that the
| company earning it, guaranteed bi.dtld, ana
that there would be- DEFICIENCIES; but TO what extent ha
| moi "a