The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-06-07
HOW IT LOOKS HERE
Pending Railway Litigation Affects
the Montana Union.
u. N. AND o. S. L. RECEIVER
The Matter Is In the Salt Lake
Courts Now and Its Disposition
There Is AnxIously Awaited.
Probable Changes.

Butte, June 6-The greatest interest
is manifested in local railroad circles
in the final application for a separate
| receiver for the Utah Northern and
| the oregon Short Line. which came up
| before Judge Merritt in the United
| states circuit court at Salt Lake to-
| day. This is the final battle in the
| great struggle between the Union Pa
| cific receivers and the American Loan
| q Trust company. and there is no
| doubt that 1t will end the same as
have the previous ones. and that the
| trust company. which represents ap-
| proximatoly S25. 000, 900 of the bonds,
indebtedness. will have its selection of
John NJ. Egan as separate receiver
ratified One strong reason for this
| belief is that the trust company has
/ won i'm the other two districts, where
| their case was not as good as in the
| Salt Lake district, on account of their
not holding any first mortgages on any
Of the property. as they do in the latter
| district private telegram which
was received this evening from Salt
Lake says that the whole case is being
| reviewed, and that Ii will take at
| least all day tomorrow and probably
/ next day to get through with II and
NEAR the Inc general sup
position is that the decision will be
| the same as the former decisions.
Judge Sanborn of ST. Paul and Judge
| Gilbert Of Portland have already
signed the order appointing Mr.. Egan
| separate receiver of the Short Line
and Utah Northern, and all that is re-
| CURED to put that gentleman in charge
| OF the two roads is the signature of
Judge Merritt and the payment by the
american Loan d Trust company OF
the interest on TIE first mortgage
bonds. which amounts TO $3.50, 900.
The trust company has this money on
deposit at Portland. st. Paul and Salt
Lake. and IL will no doubt be paid into
| court within one hour after Judge
Merritt signs the order.
There is a great deal of speculation
among railroad men in Butte as to
how the Montana Union will be affect
ed by the separate receivership and
what course that road will pursue.
General Manager Burns has received
no instructions i'm the matter and he
processes TO be entirely at sea in re-
gard to future developments, although
he expresses the belief that his road
will not be affected. Other well-posted
railroad men. however. are inclined to
look at the matter in n different light.
II is well known that the Union Pacific
has stubbornly contested every inch of
the fight for n separate receiver, and
IL will probably not give up until II is
compelled to. The Union Pacific owns
go per cent Of the Montana Union stock
and has the control of the road. and IL
is entirely possible that the receivers
viii not allow the Utah Northern to
use their line into Butte, but compel
them to stop their trains at Silver
Bow. which is the terminus OF the
Utah Northern. Injunction proceed
ings to restrain the Union Pacific re-
ceivers from interfering with the run
ahV - TeaI -
Butte would naturally follow. and an
other bitter fight would ensue.
Hurry of excitement was created
this afternoon when II became known
that United States Marshal McDer-
mott had served some kind of an OFF,
cial document on Mr.. Burns II was
supposed that IL was an Injunction re-
straining him from interfering with the
separate receiver. but inquiry develop
ed the fact that II was simply a writ
in a civil suit for damages. There is
also a great deal Of guess work going
on as to where Mr. Egan will establish
his headquarters. and what changes
he will make. The Salt Lake Herald
claims to have authentic information
that Mr.. Egan will make that city his
headquarters, and that paper says Of
the change.
1T is announced that Mr.. Egan will
come here and settle for business. He
is one Of the best railroad men i'm the
country and has a reputation of work.
ing "A road and country for it's worth.
II is not the purpose Of the Trust COM
pany to send man simply to draw n
salary but the object is to make the road
pay. Perhaps the chief way i'm which
expenses will be paid will be found I'm
! the policy of granting no concessions.
| The road will simply be used as
| connecting line and the Union Pacific
! and the Rio Grande Western would
have an equal chance for whatever
| traffic comes over II.
| Speculation now comes on what
| changes Mr.. Egan is likely to make.
| He has the general reputation of sur
| rounding himself with friends who are
ready to stand by him and have been
| tried in his service. OF course that
| would mean innumerable changes
| alCng the line. 1t is probable that the
| traffic manager and freight and pas
senger agents will be brought from the
/ outside and the superintendent will
probab bly, follow. The local office OF
| the Union Pacific will not be changed
TO any considerable extent 1t will be
| just as necessary as before that the
road shall operate through the north
! ern country and down southt in order
| to feed it's main line and the same off,
ces as are now maintained will prob
| ably be kept up"
| one result of the change will likely
| be that the Rio GTande will open an
! Office in Butte or station a representa-
| tive here To look after its interests.