New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-07
RAILWAY INTERESTS.
DISSATISFIED STOCKHOLDERS.
End OF \ SUIT AGAINST TuE LOUISVILLE AND NAs'-
II

End OF \ SUIT AGAINST THE LOUISVILLE AND NAs''-
VILE EALRoAD COMPANY.
Dispatches received in this city yesterday
by /. H. G.eeu president of he Louisville and Nash
vile Railroad Company announced that Judges Baxter
and KY. In the Untcd -t'es Circuit Court, sitting at
Nashville, mad 'nici the application OF muory st'ck
holders OF the Nashville. CnattanooI aad 81. Louis
Railway Company for the appointment of a receiver
Of that road, ana for injunction restmng the Louis
Vile and Nashville Company !r,In oprsat!n; the road
Iatse dispatches were from President !. H. Porter, 81
the Chattanooga ad. J. W. Thomas, Gene al supern-
eiment Of the sam road and from the counsel II tie
company President Por ers pltch WAS follows:
" iic Judges reused the mouon for receiver aad an
injunction without ar-unen. fom a. oar presentation
Of the fac's IN the anl3ys read to tie Court
WIS decisive of tn question:" The dispatch kOm
SUPERINTENDENT Thom2' confirmed the correctness oftbc
previous message, and aidel: " rhe JUDGES say The
road has been managed economically, honestly and
efficiently" Dispatches Of 70 similar tenor received
also from the counsel OF the ClattauoDga Company.
Other messages contradictory Of these received 1t
the Office " Putnam & Earl who are among the plain
Il Ia thc case but they ressri such al
terms nat more particular information Va, asAcd for
no satisfactory rrpy hed peen received last cyrmIg.
til, SUI was D. gun IN thr iatrr part OF November
1889. b, Johd Thompson IN mas }. Brady aad Putnam
Ear, ID heia OF the minority si,ckh'li"iS "i me
N'>n'lie. Chattanooga and ST. Louis i,awly Company
I1e acton vas Drought III the United states Circuit
,ouII al Ni-l'Hlt, "hd al ahtmItu pnl was u'eu on
December is Tnc cOmplainauts charged that the
Lo1S VIM aga N',nEle Company, Wllch Lll StcutcJ
passed tn De obrr dividend the stock al the Chata
nnOga Con pluy. IN consequence of the msnanagement
ct The properly. They asked that the Louisville aud
Nashville Company b. eni'nfd from operating the
Cnatt oOs 81 Road and from voting on the stock wch
h'i bought; Jney asked, lis1 thet receiver he APP
pointed 10 taSr charge OF tue properly OF tIe Chatia
un1gi Company.
HE hearing oafcd an day Wednesday, and resulted
m The complete vnlIcatlon of the Louisville aud
Nashville mana cement without argument ~ It's behalf
aa STAGED above. report was circulated IN ail-St
late yesterday aftrHOou mar this decision MAS not 'nd
hli tu" pronounced be false bg Offices OF
the Louisville and shyi.lc Company. TIE itcnOs Of
TINS road FL aimed that The decision m this SUIT prtct
CallV ended a. similar sIt brought personally against
members If O. prcscut Board f Directors.
IN prlYte uspatch received late last night from the
counsel 4nr tie mIuur.ty stock oilers, II alleged
nat Court declined to take action dt ti, time as the
was of great import mc' and ought ~ be- hedrd
uncn proof ~ Wa@ int mated y the Court that II
wp.d grant injunction against tie leasing OF he
Cuu3uooca Road Uy tho Louisville and NASHVILLE.
NNIaVts submitted by officers OF tnat COMPANY,
W r, al the hearing yesterday, 40 the J ct thar the
iA4y hal 10 Iuteu.l Of leasing tie property.