The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1883-07-06
3 Ell Al Il, M q



Our citizens on the line of the Maryland
Central Railroad, between Bel Air and Delta,
will be gratilicd TO know that contract has
been made with the McCabe Bros. for the
completion Of the road Ia Delta, and the
work has already been commenced at Bel
Air. In few days Il force Of worlmcn viii
also begin at Delta, and construction will
proceed vigorously at both ends. The con
tractors expect to complete it in four months.
There was filed for record on Saturday in
the Superior Court of Baltimore city, n mort
gage deed from the Mary land Central Rail
road Company 10 Geo. $, Brown and VIM.
w Spence, aa trustees, of its WhoI" line OF
railway and road to Delta, Pa, forty four
cure the payment of coupon bonds TO the
amount OF $500, 600, on or hclulc tie first OF
July, 1893 The bonds, three hundred in
number, are for the sum of ~ ,o0O racll hear
ing interest ut per cent, payable srmi-an-
nnalIy in January and Jnly al each year.
The money To be received from the sale ul the
bonds is tn he expended in completing the
construction and equipment Of the road from
Baltimore to Delta. William IL. Waters,
president, signed the deed ON the part OF the
company, and Mcssrs Brown and Spence
on their own behalf MS trustees The sum OF
$4,000, through hypothecation, was recciv-
cd Iy this transaction, A locomotive will be
shipped to Delta by way OF the Northern
Central and York to facilitate work at that
end of the line.
The bill of complaint against the Maryland
Central Railroad, filed by Mcssrs. Grason and
Grason, on behalf of Cyrus Diler, charging
insolvency and asking fora receiver, was
dismissed in the United States Circuit Court
last Saturday. The answer to the bill was
filed by Judge GiImor II r. Boarman and
Charles +. Fcndall solicitors FOR the company
and sworn to by w. IL. Waters, President
Ii states that Dillcr was paid SAT - lOl
grading, excavation and masonry, and that
it is I'LL that was due him that the respond
ent assumed ali the valid obligations of the
Baltimore and Delta Road ut the time of the
consolidation in August, 1882 that the l'alti-
coupon bonds payable in 1910, secured by
mortgage to Henry W. Archer and John $
Cuttings, trustees, Of which 100000 were
sold and about $l31,03G Hypothetical fol
loans.
Respondent is authorized to issue bonds tG
amountnot exceeding $500, 600, being
lied by its charter To borrow not exceeding
81 5000 but the bonds will not need to ht
put out to an amount over %150,000 perhaps
and it has bud no difficult in getting it,
second mortgage loan taken by capitalists OF
this city and elsewhere and it furnishes
abundant means topay every dollar of its
lust debts and finish the road in Il first rate
manner. Its entire Indebtedness outside OF
the bonded debt is not oyer 5000. III
prnncrty, estate and assets are large, and il
owns its roadway from end To end, from Il
point in Baltimore city 10 Delta, about ii
miles, with supcrsruCturc ami equipment
which have cost SO far, $3.50, 900, aegrcgainn
not less than 81 $50 ,OOO so that the charge
of insolvency is untrue and reckless. 1t is
doing good business SO far as it is in opera
ton, the point reached being the town of Bel
Air and lis completion nj an carly day Ia
Delta is assured Its traffic has grown up
from $3.50 to $500 day. EX-Judgc Gra8on
of counsel for DiIlcr, withdrew the bill OF
complaint, stating that tncy would prosecute
their rights in another court. Henry w
Archer of Hartford county, and Charles f.
FcndaIl of Baltimore county, of counsel for
defendant, were, ON motion of cX-Julge Gil
NOR, admitted the bar of tie United States
Court by Judge Bond, who was on the
bench