The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-06-06


One of the greatest legal battles IL
the history of the territory is sched-
uled for today in Chief Justice Mer-
ritt's court, when the local and for
eign attorneys Of the Union Pacific re-
ceivers and the American Loan and
Trust and other companies interested
will have arguments over the separae
receivership matter. The array of tall
cnt on either side is one that should
attract attention, and besides this the
future of Utah. to a great extent, Will
be affected by the decision of the
court.
a Of course, the attorneys for the
TniOn Pacific receivers have not given
up hope Of winning their case. They
have two decisions against them al
ready in cases not so strong for the
other side as this one appears to be,
and while. of course. they cannot an
ticipate what view Chief Justice Mer-
ritt will take of the matter, yet there
Is q strong feeling that the fight is
an uphill one.
Local Receiver.
But the battle for a local receiver
Will not be abandoned. 4 great deal of
strength has already centered on w.
II. Bancroft. and unless something IN
forseen- occurs before the hearing
comes lis appointment will be asked
orSAsSever, it is hardly anticipated
thatWNare viii be success along this
line x Var as to keep Mr. Egan from
being appointed. It is felt that if he
asks for control of the lines in Utah
the court, out of consideration for the
fact that he has control of the balance
Of =
fact that he represents the greatest of
the bondholders, viii grant his re-
quest.
Therefore, there has been a switch
ing of positions and there is now
strong talk Of making but little fight
against Mr.. Egan, but asking that Mr..
Bancroft or some other local man be
named as a coordinate receiver with
him for this part of the system.
The Big Men Arri.e.
The forces have begun to align them
selves in preparation for the battle
During yesterday several more of the
council and principals arrived in the
city and set to work on the case. John
Egan, the proposed receiver, ar
live1 from St Paul, with E P San
born, attorney for other second
mortga &c bondhoiders. Senator John
NJ Thurston, general solicitor for
the Union Pacific receivers
came in from Portland, while his mart
ner W. S Hall came from Omaha.
Winslow ). Pierce, attorney for the
first mort gage bondholders, made up
the list Of counsel
MIR. Egan Interviewed
Mr.. Egan was in receipt of much
attention during the day. He was
quite willing TO talk freely so far as
he could without anticipating the de-
cree of the court. Immediately after |
lsfS arrival he was seen by 2 Herald /
reporter ana said he had no secrets /
to keep from the people.
& have been surprised to hear since |
coming to the city that a rumor has |
ton ito establish headquarters in Port
lafsn. case 7 am receiver of this
part OF the system. I do not know
how il could have started. 1t may
have come here from Portland. The
people there probably feel very greatly
interested in the road and would like
very well for me to come there But
there is absolutely no foundation for
it. ] might as well try to operate the
road from San Francisco. It is my
idea that anyone who has charge of
q system should live on It, as near
the center as possible, so as to be in
touch with the people of the section
through which the system runs. Salt
Lake is the natural headquarters for
the system.
Headquarters at Salt Lake.
at is the veriest rot to talk of such
thing. When the proposition was
first made that I should take charge
of the system it was understood that
Salt Lake was 20 be my headquar-
ters if l were appointed receiver of
the lines in Utah. There has never
been any intention of changing this
arrangement.
VIII Work to Make the System Pay.
Il have also heard another rumor
since I reached the city. IT is that
/ win operate the road in the interest
of some other section or some other
system. That also is rot / am rot
coming to this country merely for the
nurpose of drawing a salary. 1t is
nkS intention to do all in my power to
m lie the system pay. 1 believe that
; fzfluoad cannot be prosperous unless
Re tributary country is osaerous
The two are inseparably bound to-
getEer In order to help the road of
course it VIII be my policy to do ev-
erything in my power to build Up the
country
Policy Not Yet Settled.
II cannot say what it will be pos
siole for me to do with the property.
as 1 have not looked into that as yet
and cannot do so until the whole mat
ter is settled by the courts. You can
understand that 1 cannot anticipate
hat and cannot talk of policy {
until some settlement is had. do not
sare to do anything that would be |
considered discourteous to the court {
He Meets With Mr.. JeHries. !
Mr.. Egan, during 6e afternoon, was
n receipt of a call from a committee
IF the Jobbers' association, which held