The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-10-05
LAKE SHORE REPORT.
Results of Operation Under the
Receivers.
IMPROVEMENTS OF THE ROAD.
What was Done Ia the Year Ending
Jane 3o-Eoreciosure Proceed
Tugs Coming 90 an knd.

The proceedings for the foreclosure of
he mortgage on the Seattle. Lake Shore ~
Eastern railroad. which we're begun some
sonths ago by the Union Trust Company
% behalf OF the bondholders. are expected
b reach decisive point, for the company
4 likely 10 Tile its answer before the end OF
sAis month. Ii will be remembered that
he suit for foreclosure was begun 81 the
ssme time that Gen. John Ii. Bryant was
appointed co-Fecelyer with Thomas Il.
Eresn. lion. II. q. Struse. attorney for
tie bendhoiders. yesterday outlined the
PAST proceedings from that event and the
ysobahle course OF events ia the following
kssryiew
"Aheut the time Of the commencement
q TIE salt by the Union Trust Company
DE taadh0ldeEs met IN New York city
snd appointed Merton ;. Paten. III, q.
Armour. Y. Z. Christian and Commodore
sssass u. Smith as a committee 20 reor-
Safllzs the affairs of the Seattle. Lake Shore
Eastern railway.
Nothing has been done since the cling
q the sgit glll August !. isafi, when the
nlon Trust Company tlsd an amended
sail u complaint. wherein they declared
iaat sH the IS sl00o0 OF bonds were due
Nsest. ia accordance with the terms Of the
s'sfsgage. Tue entire amount sought 10
g regovsfpi GA the amended complaint Is
scat s .NstU0 This sait - stil! psndlng,
aas raaaRtH having taken no active steps 10
SFee ioyeclosure.
"Aa answer is 10 DE tiled hy the Seattle.
i@ke Shore & Eastern daring the pressn.
SeetA, shcu the case Viii % heard snd
ssssfulaei IL may be some sinae before
sae eoaft Nlll adjudicAse she matter OF the
NssSlnsnre Of the mortgage
"A majority % the stoeE IS held by The
satshstu Pacific Railroad Company.
sassh, when Is parch Ase1 the stock. guar
Aases1 the payment 81 the bonds and the
iassrsss. u vii probably depend Oh the
ts'lsy a. the NoF1hern PNetac 20 arrange
Via tAe koadheiiers satisfactorily 81 20
sAseasF foreclosure proessasngs Sns ne
-sAe4 - abe e1lent ~ proceeding 20
s1As lGagnent ana saejeeting tae prop
~ IS 4 SAFE under proeess ~ toe court
~ tAa beasnt 90 ghe tNsn4hoiaers- In
eaneF saF1s, t tie Northern facaEle lives
- is agreement. there vii be no tore
ssaTs and the interests ~ tie sseck'
a'sssFs -. oe tally protected
heeSsseFs Brown snd Bryant Eled thelr
sasaAl report ct the afslgs Of the Seattle.
lake shore 1 Eastern railroad yesterday
- he United states coaFt- The report
ssssss sfsrg 3siaA OF ghs rasd Tor the year
sadisg yaHs 80 last. ana consumes s1xtrsa
f@ees q closely iypawrsttsn matter.
a saysfully pssparea table % shipments
eeaa esoiisies sa0as shs& daring tie yeAf
,ess car loads 81 shingles weTe handled
- SAsF, lS0 -S cass we're handed Ia
-S1ss. 49, IA September. 80; IN o.
.sss. Sta. sn November, 81. the
.A'sf noata having tie smallest she's
IS Ia May &s ears weEe saippsd. this
sS TIE taaneF mnnEh of she year. az
- $50 cars we're shipped during the
"a sas demand being aboG; easal Eae
.sAsest fapsth w&s 1anx. = Asn bat Sts
s-ss sere baud lsa. snd lac heassest Jana-
sseAEH A heavy shipment II logs.
s-s4-ssT, assreAAaa.sO. xHd MISCELLANEOUS