The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-11-27
BLOW TO Thee, Il. & D.
DECISION THAT MAY ROB TT OF THE
QUEEN 4 CRESCENT.
Talk with the Receiver of the L., f.
g st. L-EGorts of Western Roads
to Get Together.

~
The epinion OF United States Circuit
Judge Lurton in the case Of Toler and 9TH
ers vs.. the East Tennessee & Virginia rail-
way, the Central Trust Company of New
York and others. was filed at Knoxville.
KY, yesterday. The cause, which is a
foreclosure suit on the Cincinnati extern
sion mortagage bonds on the grounds of
. default of interest TO the amount OF $780,
go. was heard by Judge Lurton at Gin
%cinnati. Nov. 10, on two motions, one by
Henry A. Taylor. claiming to hold a ma
5orify of the bonds. to be allowed to inter
veEe and be made a defendant for the
purpose Of resisting foreclosure, the other
being by Toler and others and the Gen.
traI Trust Company for a decree OF fore
closure nisi. The points decided ere. first,
that Henry A. Taylor's petition to become
= defendant should be granted, and his Pc
ttion should stand as an answe both to
the original and cross bills; second. that
the complainants and cross-complainant
are entitled under the irrespective bills to
= decree recurring the mortgage company
Interest in default, amounting to $4,000.
within ninety days. and that IN default of
held by the Central Trust Company shall
pc sold enbloc- Judge Lurton. was of
opinion that inasmuch, through the shares
held In trust, the Cincinnati Southern rail-
way and the Great Southern railway were
both controlled; that the voting power of
value that the stocks should be sold in. a
pIock, thus preserving the voting power
The ins srnsnes OF Of t this 'G decision r ! consists orofsssl IN
ordered to Be- sold sole viii thereby Obtain oRs ha0f the
holds and owns the entire stock of the
Aisnama Great southern road and a ma
Orleans & Texas Pacific railway. The 9TH
sr parties &c n the litigation were the cincin-
4. Taylor. While the minority Of bonds are
the Southern Railway Company. It viii
follow that n the Cincinnati. Hamilton &
highest bidder at the " saie of Sa ahe stocks oe s se
Of road from Cincinnati to New Orleans
Will be secured On the other hand, IL the
Southern Railway Company shall become
the purchaser of the said stocks. it will,
Of the aforesaid line from Cincinnati to
New Orleans. The opinion Is regarded as
2 victory for the Southern Railway COM
Reorganizing an Association.
All the Western and ranscontinental
lines were represented at the meeting
which convened in Chicago yesterday
morning Cor the purpose Of considering the
reorganization of the Western Passenger
Association and at the same time the
formation Of a t-ranscontinental association,
both to. be under one chairman and gov
erned BY separate committees. Chairman
Caldwell called the meeting TO order, and
after announcing the purpose of the gath
ering he retired. The greater portion of
the morning was taken up with an in
formal discussion, over which General
Manager Truesdale. OF the Rock Island.
presided 1t was finally Determined to
leave the plans for the formation Of the
association to a committee OF nine. which
should in turn be divided into three COM
mIttees OF three. These committees were
lines interested in the traffic between the
Missouri river and Chicago: the second of
the lines having interests west of the river.
and the third or transeontinental lines. The
committees are not to report till Wednes-
Gay. and may. at their option. submit a
make a separate report OF the business in
/. which II Is especially interested. General
PASSENGER Agents Whitney. OF the Great
northern. and Barker, OF the Missouri,
Kansas & Texas. although upon none of
the committees. were allowed to go into
some special troubles that they wish arr
RANGED, and At was thought better that
they should be permitted to attend to them
before the general meeting reconvened and
have their troubles adjusted In the reports
than. TO take the time of the general meet
Ing after the committees had reported. If
the Canadian Pacific. the Great Northern
and the Northern Pacific do not decide to
become members of the association IL will
be formed without them. provided that all
the other hines agree on the general prin-
ciples upon which, the association Is to be
built. The general feeling Is that the more
simple the agreement can be made to be
the better agreement the roads will find
IL to work under.
General Passenger and Ticket Agent Lo-
max. of the Union Pacific, said yesterday,
At Omaha: I'VE have no Intention what
ever OF joining the Western Passenger As
ISOLATION We have not a line east of the
Missouri river. and We do not propose to
tie up cur road just for the Denver line
traffic a snap. We have been foolish that
way too often. and will certainly not be
fooled that way again. Mr.. Payne has
gone TO Chicago 10 attend the meeting for
the generalization OF the association to-
Gay. but there IL no danger OF the Union
Pacific joining as the association now is"
The Future Of the L., Il. a. So. l..
E. o.. Hopkins. one Of the receivers OF the
Louisville. Evansville & st. Louis. was In
the city last evening on Official business.
II Is questionable II any railway receiver
in this country has done as much In i'm
proving a railroad property under adverse
circumstances. When he took hold OF the
property IL was In bad condition. and the
track vas In such shape that high speed
was not possible: now trains can safely be
run At the rate Of sixty miles an hour
over 50 per cent. Of the line from Louis.
vile to It. Louis. Among the most I'm
Drpten< tu-pro(emenfs which have been