The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-06-27
A RECEIVER NAMED.
Lake Shore Taken ont OF North
:ern Pacific Control
rRaFr,c CONTRACT ,LlEoAL.
Sunes asssevd Dse1Ass IN Favor -
1:isssssy ssoekhsiAsss sad 49,
psssss Jhsmss 3. Bssws-

The m p,ieasicn of Thomas Earle. Of VIC
eoyfs land Angus Macintosh. Of this eify.
Tor tsfs. s,posnsnent Of . receiver Ter the
6eatsRe. Lake shore 4 Eastern raiirosd.
"a. Sranted by Judge HanSord in the
vynitssa g.ss~s circuit court yesterday. ana
Thosias Reeves Brown. o! Tscoma. the ex-
Unitld states marshal, was appointed 10
the :,shcs. The application for an sc-
eours ng OF the affairs OF the company Is
also grated, but the p-sision for the aa-
nuirssng az the traffic contract With the
Nor.asra Pacific il not granted. the court
saviffr that the operation OF the lines IN
connect on with the Northern Pacific may
be e5nsinued uader direction OF the re-
eeiyss GA equsfab.s terms. The opinion OF
the bat is As sosloxs.
vr see .sases esreuss Court. District Of wssh-
anstf.S Northern Division -faoaae. kssse es al
~. sSs;tAe. Lsss -a;,.c & t.ssssa 800 rs,a.
and .AEsns Ase.sasesh- ssockaosders ~ tas
Gsatxs, Lake shore & Eastern ksiiway Con.
h~ ossse-n rsrisc EsairnAa cssayxn-. TO en-.
1o:n 4hs further OPERATION OF TIE srss LINES
eos,srsssoas railways By the sAfssf ANGER
sssa3s contract; .os she apsssss nsns o. re- =
said CORPORATIONS vi:h eseh other. Application
Tor ss,as AT snl Of = receiver. grantet.
s1sArscs. LAWS 4 csls ...,.,..
AsHrus cmArxAx Axp A. Et.IElaH.
For oessaasasa
9aris.. District Judge
Itssss studsea the saowing nsds b. the eosa-
MIA aas . and the response Of the defendants
SAsseso, roasaiaed la the psesdiaxs sad All
lxvs;,. asd the arguments 81 eounsei upon the
octsscp szoz for the gpvos at-reas Of . socevcs OF
eho !sssste. Lake essss & Easferu eomcAuy's
sal,A lines and business daring tbs pendency
u t,s!s sast Tas eass 10 Substantially - io.-
tous:
ssSt company wss Incorporated Ia the yesr
1ke: s.ges. the laws Of Washington territory,
vsis < 90 shsres o. stock os 500 each. lilo Of
WA aays seea ies1e1. seattle IL. BY the
srtie.cs g Incorporation, nate the principal
p1s4s O. basincss Of tie compsay. Ii has issued
Int .es@ soaring bonds 70 tae AMOUNT OF 33.sss.-
"a. ses ases ~ mortgage apea al, Of 10 prop
ssss. Vita rsauey raised b. ssls OF sail sonas
ln1s OF standard gange raj say have been coz
seye a;sa and put IN operation extesdinx from
eex:sls 20 tbs foothills of the Cascade rage
81 :: mountains In kiag county. with
. irs7ea extending 10 sumas, on the
bSS1s.ry he.xeea thla state and British Colum-
be- ar sxseadsng from srokaae westward To
paesr port. sxxrwgas'rx about - miles. ana il
aFsekss to bare ~ underlined iaiescss In . belt
Gns ktouad Lake sshiagsoa which has never
bes.s operated ysiaEhi. terminal Grounsa q,
ecxssic have ssso teen acquitted. ana station
6ns 5sags hare been erected 1T ali places on
So Uses where needed la June, 800, the
Ke3ihsra Psrsae Railroad Com2aay purchased
3is1l ~asses OF sais stoss. paying therefor Us
pss:sha.e. snd pnr-uaas 70 "a azrsemsns made
W.s' tee vendors Thereof. has guaranteed pay
sss4s a the psiaeipsi sa1 interest OF all OF said
oess xie. Lake Shore s. Eastern Compsny's bonds.
Ns1nastiy the pufpese OF ihs Northern Pacific
3syfsd CosapAay In acquiring q controlling
Bsfas y Of said stock, WAS TO absorb the prop
ofss. ivs.ness and franchise Of .he Seattle. Lake
Gcssos TIE Northern PAeiac Rsirosd Company II
ncy the general n.na ser Of the seattle, Lake
eA!ss 4 Easiesn Con rany. and . change In the
BY. aus Of TIE latter company has bcen made.
ec4terring upSn tie general manager absolute
eaftssi Of tie cperstion of ss:d railway lines.
Tes dss trussees oi the SEATTLE, Lske shore 4
Esy Compeny are all without individual in
Nfsss IA the eeinpany-mete nominal stock.
hetie-s and representatives Of the Northern Pa.
ess.e Esiiroai Comyaa four of them teing Of
ecs:ts snd sgenss OF said company. The
pfsyecen and other officers are non-re-..
deass .. tho state III Warrington The stock
bod. oi the company which Is by Law required
20 81 sept st the o!'ice Of the company. 10 In
Es;s York. ana the accounts OF the company arr
b<ix kept by employees OF the Northern Pacific
kstroad Company In st. Paul traffic con
trz4 has been catered into between the tvs
eo;spo s,ions which In effect deprives tie seat
1s; Like shore & Eastern Company OF all indie
psasi.nee aud reduces IL 10 the position OF de
peAisai aud feeder OF the Northern Pacific
kS rad Company and obiiga.es 10 to construct
mes Ines of railway aud extensions 1T she die
ta.iab of the Northern Pacific Railroad Con
ps-sy said tssffio coatrset IL by its terms q
cettirue forty wears. aud thereafter stiii 10 eoa
upSse In force until sbsog stei by six months
meter. which practically mskes Its Duration fo
thf legal lifetime OF tho seattle, Lake shore 4
tsSsern Company. TIE action of this eorpoga
hG fsfSta raj N fas h,
IT. bard OF trustees. AMI the minority stoes
hs.siegs have not consented thereto. nor hsy,
th:ss teen cailei upon 10 vots 1T any stock
ttsetets' meeting. otherwise than in the ana u q
siASitsns OF uasssss.
Aae only authority found la tho charter o
tbs Mort bern Pacific Railroad Company TO
wtst has been done ia absorbing rte property
arr franchise of the seattle Lake shore 4 East
era ,ofnpaay and assuming liability tor Il.
he.iei indebtedness Is section IL. ppls n,e scS
hJA provision OF the laws OF this stsis Satacr
lass gsilrosi corporations 10 purchase OF lexs
ap3 osscrsta connecting tines Of railways ia thl
siiss, sRsc,si Mascn =, lssa. iaws of Washing
sDs,na lisa ~. ~. The section of the chsr,e
scj~gfsi 81 reals - ioliewss
sssc. II. And De i; further enacted. that IN
safa company - authorized 10 accept Ia 1t. owi
ost asly grsat, donatson, lean. power. franchise
ais os assistance which may he granted 20 o
ces.teeses upon said company py sha eosgfe.s o
th=i | nstea ssssps. es tbs legislature .. ar
sie.e. &c BY sag Sogr3raf3os. t-srson or person.
a.! sd corporation 1. autasslEed - hold an,
80: y sach grant. donstion. lean. power. fran
sii5sv. ssa. or assistance 10 its owa use tor In
pt&isSsss Aforesaid.
s..e statute referred 90 dses not prescribe tn
r4sssas W eseny purchases leases ct ssi.
~iss may ia esnsumnlatei otherwise thsa 4
IA So aeFai provisions of the sevstai statute
rvs1a4g to corporations ana eonveysTrocx q
fu:y transfer tis irsnesles witAoas sg,ho.ls
spA sagtag iFoga the power watch granted /.
A.. ga unauthorized transfer. made ia 1t,
&c - ny g tsSfssc seatraes. Wiz aes Ia a s4a
eikH rgsseee1sRg ee t-sssed with greater ts,o
th.,s 4 tee coaitset expressed p.siuiy the sea
inssaitoa ~ toe parties. Ga tae sehisel q
tFtoie eoAtGsess tac tsxE 81 essea'. gsics's 4 ,r
Nlsess, psss ~. e0aeisoly ana plainly states n
isss A. fol.ews. Corporations usss mako a
necessary aSrsaSefaeats Ser chsap.y aud exh@
Al .easiy GsvoaopiHx or ezssykaS - saxir sEsf.
ala tssiness, bus u s. another tsiae gasss
brtcaa ;ass. IL eater lat0 contracts tor sa..snr,
ty - lch the exclusive coatrei ~ .as sxg.u.is
ssxts ai wcFkiag tAe lsns 70 hxasi%i over To eths
rAsslsa AL saeh arrangements. whatever saes
fotsa. aoweser disguised. arc ..tra ssrs, a.
se:. Thss sreltss With rsea1sg sarce a u
ea.i 90 taoss essttas Which have been creates Il
v$As .nss be eoawsnssa,y ssyaea paalse pa
pCs@s-
saw &sssra.ng that tie ssssses os sAe charts
st~se quoted Secs sasaes,se tie >nssasra r.
e., Rsi-ssd resspsay IA take ste nenest
ris - sui yffsi ases sna exercise rev pasS;
gF.stss ans eaaisrrea ~ TIE state 1T ssatns
tea tas question wAstASs tie contracts 81
iss~Vainss hv wateA s; has gained centre.
faz Sessue, LAKE Ssors 4 Esstsrn sesnexns
fFsfe4iss sst bgstaess are sasss ssrSs ss net 8
pss.is Ugsoa Whether tae requirements Of -
sss.s avs IN 'als regard bare eesa saet The
t-sxu - "a xsxsnsx. SxAx~ .