New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-06
A COMPROMISE PROBABLE,
THE MERCANTILE TRUST ENONEn

,x. avn. .ar PERHAPS THE BreoKsT
HOLDERS OF MISSOURI AND TEXAS
The applcatiou that was made In behalf Oh tne
hsrchosders of the Miseeur, ks"sss sso aeA"s ma.
way on Friday, for Injunction 70 rcs"sH '0
sutlls Trust Company nom disposine tn any way
=, ~. .,ocr And bords that had been placed in its
hands =. collateral security for notes given to the
Missou,t Pacific was granted by Judge Barrett a.
n M yesterday, and the defendants are rcqu'r"a 20
show cause before Judge Lawrence on ihursas', WY
the Injunction should not DO made permanent '"uso
Barrett said yesterday afternoon that he hao 'ne
papers on Friday night, and though ne aa no' u'"'
The spplcstion he wished before granting IL 70 nave
ethsr testimony ss to the facts in the case and sso
on sccoun, of the large interests involved he wanted
larger bond. r-3
AfBdavits furnishing an amplfcstion of the aver
meuts of the complaint were made yesterday 0!
Simon sterne E E!ley Anderson and Rudoipn "
Nartinsen, and reports and map were also SUI
u,tteA Instead of the bond for $1,000 Originally
proposed, bond for $4,000 was furnished oy
Rudolph v. Nsrtinsen, Of No. 30 Mount Morrisave'
and Jacob de Ncufve. OF No. 10 West Thirty
ct.
THE LIST OF DEFENDANTS
The defendants in the case are enunersteu 40 NV
Missouri, Kansas and Texas Railway Company, tne
Missouri Pacific Railway Company. the in'ernauona
ana Great Northern Railroad Company, The Meesn
TIE Trust Company Jay Gould, George j. Could o
IT. n Clark. A. H. Calef, Russell Sage, H. c. Msrquahu
Thomas r. Eckeft, sidney Dillon, A. L. hophh''
Samuel sloan and Grenville NJ Dodge Those inc
order restrans temporarily from selling Transferring
psrtiue with or encumbcrng tho stock OF the in'er
,,on., and Great Northern Railroad Co., the stock OF
Aha Galveston Houston and Henderson Rlroad Co.
mr. the stock of the Bonneville Bridge Co.. or rom per-
forming any other oct acts preludica 70 inc Par
tia herein and those they represent In rcspeo' 70 h
Iessebold title Of tho Missouri, KanssA ana texas
Railway Co.. in any of its properly mo coin"''o0
supposed that an order would be issued as soon as inc
n,ners wer, PRESENTED and In this repect, 1t was dis
Amounted. II was intimated at tie once oi simon
s,srne counsel for the committee that Judge
bad promised on taking the papers, to give decision
an Monday In the meantime, copy OF the ooui'
plaint on which the application was maze was Win
hold The grounds for the suit arc genefsiy uhaor-
stood however, and the committee insists 'na' 'no
nledcnr OF Missouri Kansas and Texas asscs 10 .no
Missouri Pacific the abrogation OF the lease Oh INC
International and Great Northern were iiioesl
they were done by practically identical boards Oh
directors. 49,,
A .,peuIar error in regard 10 the leases has peen
~eneral,y made They were ratified in May, 1851 ano
IN their terms are sllke-the rental pelhs shnp'
The net earnings The mistake occurs In ths common
assumption that the lcsse Of the lnternaRionA Anu
Crest Northern preceded the purchase OF con,r0i "
the Missouri, Kansas and Texas Contrary " WV
tional road YVES not mode until after the Missouri
Kansas and Texas had acquired tho properly y pui
rbase OF a majority OF the stock 1t would ook a. !,
me present difficulty had been foreseen. IL not actuas
planned from the start The practical operauoh y
The lease has been that the Northboud business on
The International road has been diverted TO the MIS-
sour Kansas and Texas at Taylor. although inc nae
ursl course was TO connection with the iron Moun
tain mad when the International would have %
tanned the advantage of a longer haul -, =,
Nv the cancellation Of the lease, the tralc Wsii ioi
iou tts proper ohannal but the Missouri Kansas arr
Texas viii lose propor1onately. II was REMARKED II
wall street as a strange compile alton that Messrs
Could and sage wore probably the largest holders %
Missouri, Kansas and Texas general mortgage bonas
IL was considered probable that recent iarsc pu
of these issues had made for their account
II these suspicious should prove 10 be correct com
promise between the opposing interests would seem
h Inevitable