New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-24
HALT ON WEST SHORE LEASE
AN INJUNCTION OBTAINED IN SYRACUSE.


CENTRAL sroCK-wHAr Mr. DEPEw SAYS.
SYRACUSE, Nov. 23.-Justice George \. Ken
nedy. OF the Supreme Court Saturday, motion OF
Louis Marshall, granted injunction restraining tho
NewYorl Central Railroad Company from guaranteeing
$5O0OOo00 bonds Of the West Shore road aud from per-
fecns the lease Of tho West Shore for four hundred
years Mr Marshall represents 329 shares OF the capital
stock o; the Nowlork Central Railroad, all OF which
is owned By Syracuse capitalists.
The injunction Is the growth Of the rejection OF Mr.
Mar'as protest made before the meeting of the drec
tors OF the Central Road IN Albany November L. At
that time he argued shat the leasing OF West Shore by
the Central against public policy, and therefore
void that the statutes OF the state forbid the cousoda-
tion OF parallel and competing lines Of railroad and that
1t would eBta addition Of $50000,00O to tho Central
road and thus dcprccate Central stock.
Although the injunction was granted sa -uriay, the
fact generally known in Wall Street until yester-
day afternoon RunOrs in motion about noon.
but they could not be confirmed for some time because
the in tho not served on the officers of
the NewYork Central until nearly o'clock In the un-
certainty, It was guessed Il, that the Injunction
wouG prevent the foreclosure sale OF the West Shore
road which hal been appointed for to-day Tne conse'
qucuccs oi deay and question about the lease were
magnihed INFO great disasters When was learned that
the order o The simply restrained the New York
Central from leasing the West shore ana guaranteeing
the bonds Ot tho reor-anzed company aud that the
the maiter a. one Of little Importance.
1t was Understood that private dispatches were re-
ceycd In this city late Saturday night, stating hlt
the order Bad been granted The papers reached the city
sunday morning but not served until yesterday
The purrois OF this delay vas clearly explained by
Chaunccy M DereN. Irc'dsnt OF The NeN-lork central
Railroad. who sail last evening:
" II was told yesterday afternoon by prominent
operator In the stock market that the injunction had
been is,n'i and that meeting at the Windsor Ioe! OF
persous Interested In the matter had decided on
course octou for to-day. lie oll me- think. that tho
meeting sill IN session. but that It had decided 10
sell toc, short uutii ocor,. when The notices should
be served. did not pay much attention 10 the story,
hui when served with the papers To day noticed
the time aud t s'iU lacked fifteen minutes of o'clock
recalled re >cr-ation amt remarked to the young
lawyer who served the papers ihat he deserved tho
scycrc.f i-opue lor MS re,kcs1 anticipation ~ the
hour liked by his supcrtors.
"Tao or.ar WIS granted by Judge Kennedy, of Syra-
c,ts.. have known him for many year, as an able
avyer AMI good Judge and % course he lid MT know
the purpose FOR which bis order would DE used. Ihe
cur,us anomaly IN thl, case b, dat 'i the 7'p"o'ooo
West -Lore bond. Stpjuiooo hnd a--en"t To the plan
at the close of bI-ur~- udY. All the creditor oI th'
Wc-t ~aor' company ana the pcfspu' OWNING lU' Uh'-
nli. and equipment have as-.nird To- u IIc ta,.
should fa all thr-r people would hc sent a'k 10
hopeless .usol' 'n'y. Tho road womb li1i ne operate,
the NcwYurs Central stock and boui' Amounting Z"
abpur ~llo.Ouo.ooo none has objected cNcclt 'li. o
ouS go - Indicted to-day uu lis fellow Stockholders
OF tue N,u- York Cei.trH damages To the aWoint oI
OOouCp with FAIR prospect u tue ~il II NlSorouSIy
t,r.l-ecIted N4uu- ont tine entire r1o,oOlpOp OF
Wci -h, bonds ,If biin.s The -u % j. alleged IN rear
that tho str may be u lrrd. bat does not hesitate at ,
vrong ~ umlttcr ot law however thcr' j. no ground
fo- tgo Injunction and have no doubt II VIII De as
solved"
Nr D.prv declined 10 state whether tho foreclosure
sale of the West shore would take place today, OF nn
although De- rrinlbcd that b" pres Iiued 80 Ihe m
Junction a-riu.t the NtTNotk central, NJ S'lld
| ana Their, T.. nothing prevent Mr. vanderbilt
or any Que els" from buyiu. the property. ere .
aucut c,i fctruc's wera held yesterday Ivy oTccF7
~ the Sew York Central aud persons Interested
n tho is pf West shore. u was said by some Ol
these hrt The sAc would not be postponed, but ih't
.nue a. would IC devised hy which tus property could
IT, . nt under tie foreclosure and hcldtn the interests
OF the -,udcttr un % tho injunction had been rtAoVcu'
| A pcf-ou prominently identified with tic west ShoIc
| road said: .,. ...r.
hc uri .nll plan VIII De ciir ont In al s details
and u my opinion before the tmr hNcd ~ tHc A-ttc.
mtt Tho purpose of thi, litigation J. 50 phln mat
h .r, viii difficulty N bringing 10 20 an end Inc
Interest. involved too great tO bc overturned ny q
merely frivolous action OF tl' KIND -ich "'"td7''"Pc
| cannot be endured 800. -, =, ...
The suit wn. begun the names u Elizabeth H. 6erc'
awning 2Gg shares or Ncw-lork Central stock joseph
Ttlkcr and August IAkcr, Jointly OWNING my 7haies'
and Marshal H. Dyer owning ten shares ia" complain
ants ,ou n syracuse and their 3-9 shares OF Stock
were The only ones that voted against the lease at luc
/ .ptrl.l needing of stockuudcr7 h'd NJ .Al"hnS
on Novembcri Tho attorneys FOR the cohpihulH'' :
,r. Icuuv Brooke. Marshall and EuEcr, or y Ti'us',
and Iuu- Marshall represented the Stock AZ the N'ay
meeting ana made the application for The injunction.