Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-06-06
,co,,.oued rom rage ons),
BATTLE OF GIANTS.

,-..., and was here TO repre-.
70 tn'l..g i1t 10 ask representation al
ien' '',is Of those engaged in a con-
,slracy to destroy w. 81. .i.tr n,
.l, romuhny that 1t could taao
TIE H.'ion OF the road II II chose,
Ahg ~ mat were true, MI. Han
eva a. could not ask Tor n receiver
ciA, aprolutyd tor the purpose. The
70 - iptention was 60 takO W much
.,,ad only rs suited the LOAn
o. wy. ,y,. putpoee. lie believed that
mPei,cy Of that company was to take
~ nsyt Of the Snort Line as could
iu'' ,,s,,ted 10 the interest Of the
I'm Navigation company.
~, s,otey-That statement " wholly
.iiSout foundation In fact.
AZ. Hall-DJ you Intend 10 take Tue
sboI Line 10 Its enIireiyY
5Ts ans there was no reply.
AZ, HALL knew they would not
.n.wfr thatqucsllIn. l say they pro.
~, IA fake such poriiong NJ they have
f.,,sd with the Lonn company should
,.t,n. Thty propose 10 dismember
~. TgaJ. Mr. Hall raid ho did not
li,.ys this court would allow such
S,.msubefship. should the loan COM
80 he allowed 10 increase the IN
f-,t.dB,.s Of the Short Line by the
t,1e Of the proposed cettiiica,ts2
s,Suld that Loan company DO allowed
name the receiver, Ia Wow Of It's
p,,fIard iuturustb2 The receiver
,bsnli be some focal person who would
1,st,cf tho property, ~ the hand u
~. tftah court, aud prevent the dps.
,,.,,tion OF tho Short Line system.
Wr II. l.. Williams ssii hu ispre.
..,t.d. besides the Union Pacific, the
istrfrst Of stockholders IN the road
mi Of bonIholIerr, Mrs, ID. G. Dun.
~ 10 Grand Young, J. T.. Clinton,
John sharp, james sharp nud others,
ts.ldsnts OF this Territory, were named.
IA would be an expensive experiment,
bssaii, 20 appoint now receiver un-
familiar With the property aud tue pno-
bic along IT, linos. Mr. Williams 70.
rlted some Of the history Of the build
ing VI the iints NJ Issue, from the time
Of The connection Of the Pacific roads,
Moth OF ogden. Ho named the con.
intuition, by President Young, John
sharp ami others, q the Utah Central,
finished In 1870, the Uiah Southern,
commented In 1871, the UtAh and
Northern, began about the sant
limo, and the Utah S5uibcrn
Extension; tho Utah Northern
telng IN default oi lls pay menta was
toll IN ISIS, and rslnooTporatloa WAS
made, then about 1851, there was
tuul The Oregon short Line. The
tnlk Of the population which supports
,h,ss roads, all consolidated In i5s9.
10 tho Short Line, was within the
lanidicliou OF this court Tnero were
skht railroads combined, fvo oi them
being Ia Utah. In consolidating, the
liabilities Of all were assumed 10y tho
new corporation, whose interests were
now sought TO be- disrupted. In sau
Lake CITY and vicinity IL the center
Of the inIefosls Of the Short Liue, aud
Ulh0uli be handled In view OF the In.
isfslls Of the people here. Tho benefit
siene was the benefit o! tbs other.
Mt. Williams then directed atten.
ton 10 the proposition that the Loan
company could choose what portions
o. the lllo II would take. lie sug-
Esiird that under such condition the
Utah Southern Extension, not being
ApAyiug road, would not DO taken hold
Of Gnd H. bonds would thus be DE-
llfeyOd. MT. Williams insisted that "
the present receivers should be super.
cgdod, the COURTS order SHOULD
require that every section Of the short
Line DO included, anu take direction Of
the properties 10 which tho receiver.
ship should extend. Otherwise the
stockholders aud bondholdeTu would be
al the mercy OF the advisors Of the
receiver, who naturally would select
their own interosts FIRST, regardless OF
The Injury TO others. Under tho scheme
proposed here by the Loan company, the
tsivrr could exclude himself from tho
lufltdlcii0n OF the court, leaving the
lalCftsls OF the road here sacrificed
AMI ruined. Tho proposed receiver,
Mt Egan, was a stranger here, and
Mt Williams believed the court ought
ioappliut one, n any, who was better
lcquainioi with LEGAL ma,ioP.
Judge John A, Marshall then pro-
eteitd On behalf VI the American Loan
6,Tluti company. He reciied the insli.
lul0n Of the four chief casas, atwhich
time the gentlemen Oh tho other side
were not No anxious hs now 10 have
salt Lake City considered ~ o place Of
eenlfal interest In this proceeding.
fhs mortgage under which the Loan
NfAflAAI "Ah ANNAhk WAH " hNth hutAs
rage on the Utah Central,
Utah 4 Nevada, and Salt Lake &
Western railway. The only
ihing that stood In the way Of
lhese roads belng taken possession Of,
under the contract, by the Loan com.
any vas the feceiyefship. Tho suit
ywhlch the five receivers were ap.
pclaled was a collusivs suit, and tue
parties dii not represent any OF tue
creditors OF the Union Pacific. He
uleed hat m 10 these roads the claim
Nlhe Loan company 10 receiver WAS
Anghl which could not 10 denied.
Judge Marshall waa sreaking at
Ihe lime tue NEWS report closed. lie
wa 10 be followed by Messrs. Pierce,
l09ng and ThutsIon, ON behalf Of tho
Unlon Pacific, and by Messrs. Kellogg
aug storey, Tor the Loan company. II
uqulsee probable that Senator ThuHtoD
Ahl Mt. Storey will conclude their
Arguments tomorrow morning,