, 1881-01-29
: CENTRAL PACIFIC.

6G1T BROUGHT hf THE UNITED STATES AT.
ToIsxEY-nEaERAL TO RESTRAIN THE pAY-
MESr or TIL: ! ri.t. CENT DIVIDEND.
Special U,pateA to 1ns Chicago Trts,na
NEW YoRK, jan. os.-An Important bin
In equity WIS filed to-day In tho
United Stntes Circuit Court by
Unltel States Acknowledgement Dcyens
nRainst tho Centrat raclhc Railroad
to restrain tho defendants from paying Il div
idcnd OF . per cent. Tho papers were pro-
sented by United States nlstrtct-4Attorney
Woodford, md by consent temporary
Injunction was oriored by Judge Choate.
Tho suit IL Rgafnst tho Central 1'a-
ctflc Railroad Company and also Lolal,tl
Stanford, Charles Crockcr, g. F. Croker, +.
W. Hopkins, Z. II. Miller, Jr,. and W. J.
Huntington, of San Francisco, Cal., a,.d
Collls +. Huntington. Of New York. The
complaint alleges that by virtue Of legisla-
tfon OF Congress III lSUs and 1854 the Cou,->
pany is
INDEBTED tn THE UNITED srArEs
for mid Oh account Of United States bonds
issued to them. and 1T ths conssruc-
tion of their rond to nil amount
which on The :joth of June. 1850,
was 81, ,Gs ea2i.D .D. and at present Is co,lsltl-
ernbiy larger. THIS debt, h0wevor, Ia not yet
payable. but t0Rother with such inturost as
hereafter nIny accr,le vii! become so IN
tic year 1907. By sections Of : the
not Of 1873 It is provided
that the whole amount Of compensation
whEcl, from t!u,e To tlno becomes .lua to tho
tatlroaa for service to thu Government, sl,nil
pe retained by the United States md Applied
by them one-hnlf to the Interest
paid by tic United States upon tte
bontls and the other hnlf to sinking fund to
be established III tic Treasury of tlls United
States. md to be cretlltetl upon tho list Of
Fe6r,ary OF eac,l ycar not only with TINT
amount, but also with sl,soo, ,ooo, or SO much
thereof as with s per cent OF
THE NET EAisN1Ngs or TllK ROAD
and the abaye-iamctl compensation shall
Rnlo,lnt To N per cent OF tho wlo1e
net earnings OF the Company. The bill
further stiues that the stock OF the
Company amounts to s5O,aU3, 200, aud
that upon tho tirst day of january the Com.
paiiy declared II Dividend upon this stock Ut
j. 81 per share. amounting 10 sl.17s,,s.s55, paya-
bio at tho %tllce, q No. 2 Nassau street,
" FelnrS shls ety w.. Hon H. Il, the 5@t ~, a
To- she credit nf c. i. Huntington, $i,UO.W5
WIllcn y c!lnrEeabiu With tho Hen In favor Of
= Na unnteh States, SGT forth til tho statutes uf
ls8s' lilo bill claiHla tl.nt tllb proposed
PAYMENT Of Tllis DIVIDEND
:. L. not a use and disposition af tho property
aud assets OF sail Company III the ordinary
mud iaWfu! course ut lts currunt business il,
Eooa faith and for valuable c0nsIdera-
t!n1i within the meaning OF tic
unlawful disposition pf saclt prUi,erty. And a
violation Ut tho lien c1ean.d by sllcl statuto
IN favor Gf tho United Stntea, md tlleru Is
nat ia y. the hands Of this Company nny
payment Of such dividend: that in
thls respect 1t appenrs from tic tpp01ts III
the G,mpany ftoA tiulu to tine stnce dec,
VI. 1878, ll'stsaI OF u surplus there was
- for dividend purposes III the treasury
amounting to 3Es5 5,87t.37 Tho axgTcnata
e.trpl4s claimed In the Coinpally's ienorts
fur the past two years and d half Is
2943, ,UL6, From this amount Ii is