New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-14
TO ASK FOR JAY GOULDS EXTRADITION.
EFFORTS OF THE KANSAS PACIFIC BoNDHoIDERs


AGAINST HIM AND MR.. SAGE.
The efforts OF consolidated mort bondholaers of
the Kansas Pacific Railway Company against Jay
ulh ard Russell Sage trustees, have not been relaxed
tho Commercial Advertiser" printed yesterday let
ter to the President from william III. De Lanccy,
counsel for the bondholdcrs, to this effect:
NEw-YoRK. JAN Q, 1888.
To ne Frcsiden,.
The recommendations contained in reports of the
Pacific Railway Commissioners. pending before you
involve serious consequences 10 the holders " consolidated
bonds OF the Kansas !acnc Railway Company. The lien
which The Gocrnment possesses upon large part OF this
property Is sup,rOr rank the consolidated mortgage
and connected with III, priority the Government has ne
night 10 qIre suc sinking fund appropriations irun me
earnings Of the a,ls larihc road VIII secure lis re-
payment Ru>lhcTc ar special circumstances related To
tn inicdc1 consolidated bonds when
entitled the holders the ndugent consideration OF the
Government.
The Pacific Railway Commission devoted considerable
labor the discovery of the facts concerning the spolia
tun OF that ilusi They esalfsh,d that the trustees,
Jay Gould ana Russell Sage took 53oOO0cO Of securities
out o. tie trust and appropriated the proceeds 10 thir
\ copy al the application TO the DistHctAt
fosn-y o. Ncw-YoT tn recovery Of this trust prop
CITY by chi na process well for the punishment OF
the trustees. herewith Submitted
The stoyc Judgment ,;he memorandum Of ex- District.
OF Di-tfict- Atto~i acship for his action thereon
This ac on is on ih' line urged by al the "oVeinmehs
corms-ionoi. md involves the compulsory iesfe
NJ properly arDualnr. with iur'men's' to nc1ty my
uer cegf o. The .earnr ISSUE ~ consolidated bonds OF
tho Kansas Pacific Gaiway 'om'any.
In his crs.o.toa hr id.utiD Of the interests OF the
uG'rd They a-, hu'h creditors Of common aeSuor ai'u
be- respect 81 t.4 ror-nsr 400 miles OF iao'', ,h'
rights OF the -uDO dnate % tho7' pl III.
Govern en- fhe o,h"r hand. Nh" specia s'cuf W
I,aIhoj5-,- leen tal~n iy ii"ir trustees.
m -lDrlirl OF f.. '4r-' assets the c"h-o dai'o "H
Lolici Neu!I q. -i-L'a The siIet requirements
~ tlr Corer.~elt. -,,
IT,. .. o,-,al. 81, .io acoomp, hmcnt ~ this result
cor-l -.- in facf ttst jay Gorf one oi N"
vho va- 10. roripn.t ~ mr~h q tho larger l1f :" wv
trust s ot 90, tho irr'-1le'ion' and 70 'he -
NJ r,t9idi ion 7iir. covering This crime can d. O.-
lleR for ts.a on. h.uH f.erniVe request through u""
,u,f-e th.ur.l- NrcrI-n~ tp the pr"ccdrris IN sun
cases. formal app sfim fof BIS icniiAoh VIII J" "''
laid . for. ro - rarmrn' 81 state 49,, 49,.
r-5,r "a. f,~.. 81. % cifcur~tan submit that the
,o,.o44'ri bandiuii.rs should not be snB-cica 10 W.
tg,4 enforcement or Che lights of The Governments uh'
te ,n ~ Tire trust enable, them 10 'rcuie p"p
,ra,h,rc o. nc assets - tween them ana ih "oNe'
r,.,,r W. ,re, fhlt h- -lHlng fund requirements III
a.. ,,n0s,l o tno kansas Pacific property s"u.H i@''
.n0iriri,t account 90 lnN thr Interest on thc-r luh"I
titi.s until iho l.fr.- compelled to make 'h' '''
hof ard tht to O.. Hef- thus secured nnrpen'h"S
~ tbe nroucrfy irrr~-rd vlth fhe Government lien
very respectfully. - 49, -