The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1895-01-04
Fight of RAILROADS.

OMAdA1 JAIL Z-4nOIO 1S SOlDR W U0
an all-round fight for the Oregon Short
Line and Utall Northern, the receivers
of the Union Pacific having about made
up their minds to contest the applica-
tions of the American Loan and Trust
Company for separate receiver. There
will be meeting of the receivers in
New York next Tuesday, at which time
a plan of action will be decided upon.
General Solicitor Thurston will probably
go on to New York in order to attend
the meeting, and will possibly represent
the receivers when the application is
taken up before Judge Gilbert on jan
uary 10. 1t is also thought that the at
torney general will intervene on the
ground that the loss of the Short Line
the second mortgage the government
holds on the overland property.
With the fling of the application on
the part of the consolidated mortgage
bondholders for separate receiver, five
distinct suits have been commenced by
the mortgage interests in the Short Line
property. Four of these interests have
been satisfied with the appointment of
the present receivers of the Union
Pacific, and it is not likely that the
American Loan and Trust Company,
which is thought to be hostile to the
present management. will be able to
change existing conditions. For time
lit looked as if the short Line would be
allowed to drift away without strungle,
hs,E Al, r
7forming and the American Loan and
Trust Company will have a good sized
fight on its hands.
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