The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-07-02

10 wiI be rsmcm bcrcd that when Mr.
I Frank II Miller gave notice tu the court
f just before adjournment on Friday night
that the Southwestern railroad would
I appeal from the decision Of the court
granting "a decree OF sale, ia which the
4 Southwestern WAS made liable for one
third of the tripartitc mortgage he was
/ informed that the road would have 20
give bond FOR $1,000 900, IN case they de
sired % carry up the case on a writ Of
supersedcas.
To carry up case in this way would
set aside the decree Of cOmmittal The
question had finally been decided by the
| United states supreme court, where 10
would be subject TO the usual delays, and
it might be- year or two before deci-
sion would be handed down.
in view Of this fact Justice Jackson
placed "a Hrgc bond on the c0mplainahts
to make good any loss or damage to the
security holders which might accrue
from the delay in carrying out the decree.
The appeal could be made either 10 the
United States supreme court or to the
the decree, in which case only
bond for costs would have to
be given The decree would
then be carried out, but if
it We're reversed by the higher court, its
provisions and every subsequent transac-
ton would also be reversed and declared
invalid.
REMAINING LITIGATION.
The only other Central litigation Of any
Importance that is left is that between the
Central and the Richmond & Danville
growing out Of the abandonment of the
lease by the Georgia Pacific, which itself
was leased to the Danville.
This lease was disclaimed both by the
Georgia Pacific and Danville before the
question was passed upon in court, and
they abandoned it. The Central, howev-
er, has never abandoned it, nor even
disclaimed it, but on the other hand has
held that the lease was void.
As a result of this abandonment of the
lease there is now pending a suit in the
United States district court at Augusta
againststhe Richmond and Danville rail
road for S2,500,000 for unpaid dividends,
unpaid operating expenses and the run
ming down of Central property while in
the hands of that road. Not only did the
Central not give up the lease, but this
suit was brought by this road as a result
of the disclaimer on the part of the Geor-
gia Pacific and the Danville.
The other big suit is that of the Central
against the same corporation for having
attached million and aquarters worth of
Central railroad securities which have
been hvpothecated in New-HOrk as Sc
curity for a portion of the floating debt.
The Central is attacking the validity Of
this attachment. The Danville claimed
not only that they owed the Central
nothing as a result of the abandonment Of
the lease, but that the Central owed
them money which they had spent on the
Central property under a lease which
they chose TO disclaim rs invalid at the
suggestion of a stakeholder in that cor
pOration II is on account of that claim
that the securities of the Central in New
York We're attached.
This latter question Is to come up for q
hearing before Justice jackson at any
time on ten days notice.
MR.. cRAwFoRD's MISSION
Since Mr.. Henry Crawford's strong,
but temperate presentation of his case,
attacking the Jurisdiction of the court,
he is hardly looked upon as a man of such
formidable ferocity as was at first sup
posed.
The opinion now seems to be that Mr.
Crawford s first visit, when he attacked
not only the jurisdiction of the court, but
touched by his remarks the ermine of the
bench, he came for the purpose of Great
ing an impression of clearing the way for
the presentation which he was to make
at the final hearing
The debenture suits in the city court
will be in no wise affected by Justice Jack
sons decree. He did not give them any
rank in his decree, and in fact took no ac-
tion with regard to them. So those suits
will stand and if the complainants desire
they still have the power TO press their
appeal for a Judgment. The only ques-
ton is, what will the judgmentrbe worth
after those the United States court has
rendered, have been satisfied from the
proceeds of the property.
All the foreign attorneys in the case
left the city yesterday