St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-18
RUMBLE OF THE RAILS.
Judge Cooley Accepts the Wabash Re-
ownership The 0usted Parties
Talk.
Montana People Satisfied With the Re-
duction of Rates Of the Northern
Pacific.
The st. Paul and Minneapolis Passen
ger Association to aeet Next
Monday Morning.
A Yeyy Cold Shoulder Given the
Grand Trunk by the North
western Roads.

CHICAGO, Dec. 17.-Late yesterday after
noon the attorneys ir the Wabash raj way
case were again before Judge Gresham.
with printed drafts of the order to be en-
tered, and a discussion ensued over the
terms of the order. Finding the receiver
ship decided on. the Wabash attorneys ap-
parently concluded to accept the inevitable
and they offered no active opposition. BY
the order. as finally settled. the receivers
bond is fixed at 100000 and he is ap-
pointed to take charge of all the road in
Illinois covered by the thirteen sectional
mortgages and the mortgages OF 1867 and
1879. The receiver is to obey the orders of
the court here as far as the property is under
Judge GreSham'S Jurisdiction. and the orders
OF the other courts only SO far as the prop
erty is under the Jurisdiction Of such courts.
He Is to pay current expenses, taxes, traffic
balances and rents due on leases. and keep
all the rest of the income for the payment
of the bonded debt. or interest. as ordered.
He will not, however. take charge until the
1st Of January. MeSsrs. Humphreys and
Tut are removed, ordered to surrender
possession to Judge Cooley and TO ME an
account of their dOingS in sixty DAYS. A
similar order will be entered in Indianapo-
lis and Julian I. Davies, of New York,
Will make all application either to Judge
jackson or WOlcott. at Toledo. for like
order as to the Wabash lines in Ohio.
Judge Cooley has notified Judge Gresham
of his acceptance of the Wabash receiver
ship. He will be in Chicago Monday to
file his bond.
TOLEDO, O., Dec. 17.-AttOrney Davies.
of New York, representing number of
the Wabash bOndholders. made application
to Judge Walker, of the United States
court, This morning for an order placing
that portion OF the Wabash system within
the state of Ohio in the hands of Receiver
Cooley. Objection was made by n. w.
Swayne on the part of the present manage
ment. who asked to be heard IN opposition.
The court took the matter under advise
ment.
INTERVIEWS AT ST. LOUIS.
ST. LOUIS, Mo-, Dec. IA. A. Tai
mage. general manager, and j. T. How,
eX-general agent of the Wabash, and the
receivers returned from Chicago this morn
ing. accompanied by Judge Phillips, attor-
ney Tor the Central Trust company. In
conversation with reporter, Alr. Tut, one
of the receivers. said he had nothing to say
concerning the condition of Wabash affairs.
He knew no more of the case than the pub
the newspapers. Mr.. Blodgett, general
solicitor of the Wabash, said as attorney
for the receivers he would go before Judge
Treat of the United States district court
here tomorrow morning, and notify him
formally of Judge Gresham's action. Judge
Treat, Mr. BlOGgett says, has no knowledge
of the Gresham decision and appointments
only through the newspapers. After the
matter is laid before him formally Mr..
Blodgett will ask for instructions for the
guidance of the receivers in their future
movements.
JUDGE PHILLIPS STATED
that while the press was proclaiming the
injury done to Gould by the appointment of
the new receiver and the splitting up of the
property, the actual harm is done to lot
OF innocent people who are holders Of
Wabash securities. In regard to the offer
made by Wager Swaine i'll Chicago, lie EN-
phatically declared that it was fair prOpO-
SitiOn. and had it been accepted by Judge
Gresham it would have been infinitely
better for all parties concerned. The
proposition Gen. Swaine made in behalf of
the purchasing committee would have
cleared all immediate drafts except on the
Toledo line, and this the committee offered
to settle when it had the money to settle
with. At the suggestion of the court, Gen.
Swaine waited in Chicago to meet Judge
Cooley. and the two together will arrive in
ST. Louis probably on Monday. Judge
Phillips THINKS that had not Judge Gresham
made up his mind to appoint Judge Cooley,
he would probably have accepted the pur-
chasing committees proposition. Mr.. Tai
mage. when asked as to the future actions
of the Wabash managers, said it was be-
You'd his power to make an intelligent pre-
dictiOn, and he believed no man could tell
what would be done in the premises for
some DAYS yet