New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-17
RAILWAY INTERESTS.
THE LEASE OF THE JERSEY CENTRAL.
READINGS ANSWER TO THr DIN MORE COMPLAINT

READINGS ANSWER TO THn DIN MORE COMPLAINT
fFRoM THE REGULAR CoRREsroNDNr OF The TRIBUSE.l
TRENTON, y. j., Oct 16.-Thc answer OF the
Philadelphia and Reading Railroad Company ana the
Central Railroad Of NewJcrsey to the compliant OF WIZ
lam b. Dinsmore OF New-YOrk, was filed to-day in INC
United States Circuit Court. Mr.. Dinsmore' as dissas
fed stakeholder seeks have the lease OF the Central 10
the Reading set aside.
The answer enters fully into the history OF tue Cen"
prior and during the period of the recelNerShi anu "
serts that the receiver had no experience III laS
railroads became matter Of necessity 10 cio7o 'o
t1rst and the Chancellor said that the only means OF
saving ANYTHING TO the stockholders Of the Central was ny
interesting capitalists connected with the Reading WIN
their friends to purchase large amount ol 'no Ht' VI
the Central with view Of controlling us ORGANIZATION
and efroctng some arrangement between 'ho t"o col
panes to their mutual benefit Accordingly the steps
were taken which finally led to the lease.
Tho answer SAYS No better lease or agreement could
have been made or could now be made for the Stock
holders with any other company OF party OF capitalists
than the one in question" The defendants admit
that the lease is o profitable one Tor the feau'hS'
Tbeydcny that Dinsmorc owns 900 tat
the hooks " the company show him TO own only 800.
Tho defendants assert belief that the lease will produce
10 pr cent and probably more for the Reading and al
loco that instead Of n'uring the Central the acts OF
which the complaint Is made will preserve ana protect
the trust property and greatly enhance Its value ana pro
ductvcucss to tie stockholders. The defendants further
assert that in any event al the complainant can cIin
the value Of his stock and his damages, Whi'A
amount the defendants willing to pay over Il the
counlainapt has any standing court Of equity. The
defendants further allrgc that the lease was no h OF
uncX,cted occurrence, but the natural result 81 ne
orrInres OF several previous years that thc Reading
people began to buy Central stock IN 1873 ana ase,d
II copd he cot ont Of receivers hands, that after tine
election of directors in 1882 It was matter oi pnG
notoriey that the Central had passed INTO the c2hiIot0
the Reading; that at the election OF ls15
the compliments stock was No'ga LOT I,JJ
the stock was also voted in favor Of resolution author
izing the directors 10 conslmnac ne lcS anu ""s uu
voted against the ratification OF the lease at subsequent
meeting ,-..,.,. ,, ,, mon
6S and would necessarily follow the issuing OF tempo
Tag would be- T1inoas to the stoekn6Iders They
deny that the Reading was HVal OF ine central III pns
n debt of Sl7OOOOOOO or is insolycnt. They
deny all charges Of having misled or deceived, ule
bin is "a wauon and malicious untruth, aud the defend
are informed and believe thal inc Gnise "s pt N
G9aI, nat he hi il not exhibited in good faith by
the said complainant for the honest purpose al assert
ing his rights stakeholder, but in the Interest OIL
rival rompauy" and that the said complainant was sat
ised Will the lease and did not desire 20 have IL dis
turbed and had intention of attempting to disturb
Sebaf S Of the Pennsyyana Railroad Company for the
purpose that the suit is, by an Arrangement WIN me
complainant prosecuted by aud for the hcncht o. the
PENNSYLVANIA and at its its expense also that the ada
"A l,Vt ka nTakN
Wits 10 tne DllI ScIo P'oo"''u W '0 '
rOau az us ,bot tho penpsvlvouia rnonopoly
lin, trade from the Central Pennsylvania coal
@ - flJS IL Gping threatened by new lines being
%tt f tic Feeding the Taic OF which Il 10 be thrown
Dull o Stt ~ r. In nreyent fits Increase IN the
9NtI NV ~ III line Thai the ,ut is begun; and that
latILuOs " o., - sJa,l ~ III, Adams Eylrpss -
the COlhPiu'I 10 t iaI5.;, iiT UTnHt- frntn tir
Sncid9l COZ pi t, 49, - mon ipformotjon
PennsylNihld f'auo'l. - tI,at cc5t,in
and belief, ana tAlHCI 20 oy u"lr ~ lL' u; tIc i,
persons closely hIlditu WIN nv IA, -, ,,,d
tcress OF the Pcnhsl wanna hdlii"' " I.i ~ III
intending to luuFe lhc c,Lit VI I'o ~ a. ,r,1
Company OF Nc"Jcl ~ anu 70 u''i, O., 'IIi.r 49,.
shares IN the maj htl' NAV uI'u -, - 1i5 ,ot
shares OF inc sad COMPANY "u mel t ,1, ~ ~ tI,c
own, but which tltl cAl'''u OF Ioi't ~ IN ,, 49,,
future, IL much lower plIc'' '''I 80! f ~,
and that, railing 10 secure 7', q '"il III 49,, az 49,
pCccd they nave procured me conn 10 me l.'
present bill IN the nope ana c.;, ,'' Il5 t i,
ierug WIN the pay HIehI Oh "''u'""' ""''" ''' eau
desired idil .. .. .,.,.,.r., ~. ,.,,.,rl,
III Gowcn, for Nm-cii, sl7 nm 49,, , .ri
which has monopoly ol tIr W I.-l ~, 80 ". r '
OIL tie co"i di" I.I'I- ~ a. ~ - .,r.,r,I man
been ana Us no." lH' 'ltT ."-i W. g. f.gr
aecmcut 10 make secret Ial'S @i l n, az, ~, ,,,
ldNoitN -.it'47' ', ,r, f...t I1. rl.I..