The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-06-07

Salt Lake. Utah, June S.-The Oregon
Short Line and Utah Northern receiv
ership came up before Judge Merritt
this morning Distinguished lawyers
were present for both sides OF the case.
Mr. Storey, for the American Loan
and Trust company. opened the pro
ceedings by reciting the history OF the
now notable case. He said interest on
the mortgage was in default and the
traffic contract having been broken by
the Union Pacific. 1t had no claim,
therefore the Loan and Trusta comp
any demanded its rights under the NOR
tagaSe. II was wrong TO place both
interests, which were adverse 10 each
other, in the same HANDS The loan
company offered to pay the interest on
the first mortgage and asked the term
ination OF the Union Pacific receiver
ship.
Senator Thurston said: I'VE are will
Ing, II You pay. but you ask the court
TO raise the money by receivers GER
tificates"
MIR. Storey said they only asked the
right to pay ii out of their own prop
erty.
Judge Merritt made several inquiries
as to the intention TO leave the Utah
Southern extension and was informed
mat such was not the intention, but
there was no direct assurance that the
Loan and Trust company would take
that extension
JUDGE SANBORN OBJECTS
Judge Sanborn, representing the first
mortgage bondholders, argued against
the separate receiyership. He said the
larger interest was in behalf OF those
VINO ask for the retention of the five re-
ceIVers now in charge of the Union Pa
enc. II the loan company would pay
the HrSt mortgage defa ulting interest.
then II would have a right to ask for
receivers. but they do not
pay the Interest and in asking for the
issue Of receivers certificates for that
purposes, they practically ask the court
10 borrow the money.
Mr.. Hall followed in the interest Of
the oregon Short Line company. He
objected to the issue Of receivers GER
tlhcates and claimed that only a por-
tlon or the road was to be taken. as
agreed upon with the loan COMPANY.
and II was an effort to dismember the
road and increase the Indebtedness of
the SHORT Line.
r. L. Williams, representing the
Union racine and the local stockhold-
ers, SAID that If the receiver was ap-
pointed. 1t should be stipulat ted that the
entlre road should be taken and that
the receiver should be some man who
was acquainted with all the interests
Judge Marshall for the loan and trust
company said the suit by which the
nve receivers were appointed, was a
coluslve suit and the parties did not
any OF the creditors OF the
Union Pacific. He urged that Tho
claim Of the loan company to a re
ceiver was right which could no: be |
denied.
The argument will be continued TO-
morrow
Salt Lake City. Utah, June e.-John |
NJ. Egan was shown the dispatch from |
Denver today stating that Mr. Dodge I
has been called 10 Salt Lake City for |
looking to business con-
1ecton between the Oregon Short Line
and Rio Grande Western roads. Mr.
t1gan he Is making no arrangements In |
ADVANCE Of Judge Merrftt's decision
and has no communication whatever
With the Rio Grande people at Denver.
SAN ANTONIO CONVENTION.
San Antonio. Tex, June 6-The en-
Ire morning hour in the Travellers
protective association convention was
devoted to discussion OF amendments
II the constitution. During the after
loon session the following officers were
elected President, J. A. Lee Of Mis-
'ouri; first vice president. Joseph Wal
erstein of Virginia; second vice presi-
dent. A. F.. Mckenzie Of Colorado:
bird vice president. L. c. Cardinal of
Alabama; fourth vice president. G. w.
Jacobs Of Tennessee; nth vice presi-
lent. G. S. Burchard Of Arkansas Ma
ional director+W. A. KirchefY and
:. II. Michael Missouri and j. j. knight
4 Texas.
The following national committee
hartman We're Observation-Disclosures. n.
dcCoult. Chicago: hotels. Ben Huffman
t Indiana: legislative. J. S. Harwood
+ Virginia: press. ]. NJ. Benish OF I
'exas: employment, j. c. Simmering
Z Maryland. For chaplain Alonzo
ionk of Georgia was reelected I'M
,
Terre Haute was chosen as the next
lace of meeting. The convention then
djourned. Three excursion trains left
Dday for the City OF Mexico and anoth-
: Will leave in the morning. Fully
900 delegates and visitors will Join I
he excursion.
Notes From Conway Springs.