New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-10-08
THE TWO READING SUITS.
TESTIMONY IN PHILADELPHIA.
MR. CoRBIN GIVES BoND-FORM OF THE ROBINSON
FORECLOSURES DECREE.
my TELEGRAPH TO THE rRTpUyE.t

MR., CORBIN GIVES BOND-FORM OF THE hobiNooN
FORECLOSURES DECREE
IBr TELEGRAPH TO THE rrrnuyEt
PHILADELPHIA, Oct. z. Examiner POLLOCK
this afternoon heard additional testimony In the FORE
closure suit OF the holders OF the Reading hrst series %
bonds apainst the company william ii. kemble who
is the largest individual holder OF the bonds, teHtihe
that the petition foreclosure had the following sigma
tnes and amounts represented. on February IL last
which was twelve days before the petition was pre-
seuted-
Joseph Wharton. 1920 900: William IL Kemhe.
S35O 900; b ,rker Brothers Co, $4,000; C. l.! hore
Sl5O,OOO &. & II. Borie. $4,000; Jawes MeMhnes'
Si3 900; George 3 Colkett SlO3'O0O; .. Wesley cup
pee, $4,000; L. C. Knight $lOo,OOo' TOTAL
lies, 300.
AFTER got million and half" said Mr. Kemble, we
called meeting and notice was then ser'ed Old MI.
johnson. Joseph Wharton. William j. Mclivaine
Sons and Robert Glendenning signed before February
"a, tor Sl50.0O0 additional"
In answer ~ Mr.. Gowen the witness said that 'ne
paper was served Mr. johnson because he occupie"
.he rostion OF counsel for The bondhoiders
decided to employ him their counsel Also Ibe near
ing was continued until Thursday afternoon next
This afternoon Austin CoIbin personally entereu ns
bond for in the Unteh States Circuit Court
as one OF the receivers OF the Philadelphia anu heaahg
Railroad.
In the United STATES circuit Court this afternoon, be-
fore Judges Bradley and Butler Richard Z. Dale pro
scented proposed decree n the Robinson SUIT against
Beading, FOR foreclosure OF uhuo' WV
eral mortgage The decree drafted by counsel was
read to the court but order made upon IT, Ibe
Judges took paper and Will probably to morrow
morning formal decree aud order Dased upon its
suggestion. ....,..
The OF Mr. Daes proposed decree 10 th,t the
court snail lind That the holders OF more tnan oneue.h
In amount OF the bonds issued under the teneraI mort
gage outstanding have in writing reques Gu tue
Fidelity Company AS trustee to enter upon the mort
gagged property aud sell IN accordance with inc pro
of SAID mortgage and take such steps 10 act anu
may required for the ose ~ enforcing the
rights of the general mortgage bondholdors ana tha'
no. the Ieques made the trustees uiu u
ard 1t and id not enter upon OF take posso
sion of he morga led premises Further the court i 10
tind that the plaintiff Is entitled decree In accordance
PROVISIONS OF the mortgage and for ths pnrose
of ascertsinug the amount OF vOnds ami coupons out
standing which entlle to the security OF tue Ree
mortgage The appointment OF a master TO ascerttih
and report the due the outstanding poh'
priDci al and interes which are entitled 10 us ecuy
Is ASKED for II Is sired that the master when ap
pom ted Will report what liens are prior To the nos
cured by the general mortgage, and 10 dehne Tue hr %
the general gaze upon the ralr0 "a. us Drancnes
leasehold interests, franchises and oher property IN
Guiding property acquired since the execution OF the
general