St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-20

giving such roads as are named as de-
PENDANTS twenty days in which to file
answers to the petition. The receivers
would be given ten days to reply to an
swers. The master In chancery would
then have thirty days to take testimony.
Leave was given to make application
for a hearing upon twenty days notice.
John II. Mitchell Jr., of counsel for
the Northern Pacific in this city, asked
leave to file an intervening petition.
Mr.. Hobson, of the Denver & Gulf road,
spoke on the general subject. E e.
Anderson, one of the receivers for the
Uniou Pacific. addressed himself to the
point that the operation of the leased
roads is Gripping the general line. II.
ID. Hyde, of Boston, spoke OH behalf of
the interest or the American Loan and
Trust company and of the Denver, Gun
nison & Leadville railroad. Harris
Richardson, of this city, spoke on behalf
of the bOndholders of the Kansas City &
Omaha road. John NJ. Thurston, OF
Omaha, addressed the court in the in-
terest of the receivers. William Strauss
spoke for the bondholders of the St.
joseph & Grand Island road. Mr.. Shell
don addressed the court III the interests
of the bondholders of the Denver, Gun
niSOn q Leadyille road. Frank Trum-
bull spoke on behalf of bondholderS.
Several of the above-named persons adj
dressed the court more than once ON the
points raised.
| Judge Sanborn announced last even
| ing before court adjourned that il had
| been determined 10 make all order in
the premises. This order Will be ready
| to be signed this morning. He outlined
| the character of the order so that there
| might be no argument OH the points this
| morning. The points in tine order are
| To the effect that the Denver, Leauville
& Gunnson railway has shown such Il
| large deficit In receipts that it should no
| longer he operated by the receivers.
Aug. would be fixed as the day on
j which this road should be delivered up
| by the receivers TO the owners. The
deficiency would be charged up when
| the master i'll chancery makes his report
! as to the amount.
As to the Carbon Cutoff road there is
no doubt that it should be operated by
! the receivers as heretofore.
AS to the other branch roads the court
| was Of the opinion that they should not
| be operated by the receivers of the
Union Pacific system very much longer.
and the court would decide as to them
| Oh Nov. 10, after the master In chancery
! made his report. The master in chancery
will report on his facts Oct. 10. EXcep-
tons TO the report may be made up to
Nov. 5.
Judge Sanborn announced as warn
] ing and indicating the sentiment of the
court that there is no prayer in the petit
| ton upon which the receivers were APP
pointed for the Union Pacific for wind
Ing up the affairs of the company or the
conclusion of the trust. He called at
| tention to the fact that the road has
been operated by court Of equity for
| the past ten months, and such condi-
ton ought not to last for many years IN
any event. Some of the branch roads
are operated at an expense. Counsel
were told that bills should be filed ask
ing the foreclosure of mortgages and for
! turning over the main road and the
branches to the proper owners or pur =
chasers.