The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1895-01-26
SEPARATE RECEIVERS.
They Are Granted for Union
Pacific's New Line.
THOSE VINO WE'RE APP0IxTRD

Foreclosure by first Mortgage bssa-
nsldsr. Thssshs Sss t. PsstsAiss The
Gs..samsns's isssrssts - order Cow
e.. ss,ss Type. wssssss Pssss.
st. Louis. January S.-United States
Greui, Judge Walter II. Rantorn to-day
handed down deeisioa upon applies.
ton oi T.. Gordon Dexter and Oliver
AIMEE. second trustees Tor the 6rsi mort
gage bondholdsss Of the Union Pacific
Kalsay Company. Tor . separate re-
eri,vr 70, the portion Of the Union Pa.
cife system covered BY the first mort.
gage. The decision ON the order covers
.s,rn closely type written pages. and in
,te,, grants the application. The To-
evi,ers appointed are tho same - those
h,s ia charge oi the entire system. via {:
: II. II. CLARK. Oliver ". Mink. Y. III.
ly', Anderson. John W. Doane and
itv,irrie X. coadsst. The order pro-
vide, that funds already earned by Tie
suai 10 used by the receivers To settle
d.tls aha Just claims under the present
fvtriY~fship. la addition the coaft TO-
.sf,es the rixh, TO order that any den.
e.yney in such funds shall he made cool
ir5u tatafc earnings under . separate
tr, rIsrrsiiip. In sIf~et lhe decision To-
ia, SIMPLY s~qurs,sat~s thc Old main
l. i'otn the rest ot thc system only 81
IA az aceoaas are concerned. ~ that the
riyprfty covered By the Esst mortgage
All 10 siihia easy swarh u the mort
,sr-s.
Gne property covered by the frsi mort.
sa.c fwicss~si la In the order 10 that
1 ic-.i upon the main iise of .0S
l.ll-s. extending from uniaha TO Ori~n.
aai no other. The other t-ostloas Of the
'uasi aud branches. shiic under the man.
s-ment Of ibr same receivers. will have
a s~tsafatr system OF scrDuntinS, a.
A, lnrs,sh they vii b- run by tho same ca
-rasisv. Before he issued the Older
ajxu sanbcrn stated that he bad
cue CLAUSE. making future earn.
inxs 10 certain sxs~nt liable Tor psUs-ni
inl- bsrdnsss. ~ he i~it lbss too much
psos-stioa coaid no, 10 given the pr~scnl
see~isesS in the Anss ease. lie stated.
hossvws. tiAi t~sosc making any order
Ia pay any OF the Pf~scnt pprf Ating In.
dchsrdns<s b. soaid siusys give tic
plaintitts In She towsl~urc saits shc
pr,iiryr al = h~sssns.
Atissn~y Pres. ios The oonpiainanss
stated ths, h1 uas p~rs~etiy ssiisned
ISL the order. Tbs ledge thea called
~ this stp~sfaass al tbs rnion Trust
.,snpAny and that of Tho Union Pacific
Esifta~d Conpeny. Mr.. fsrsvr pre-.
,en,r.l ons and Attorney Kelly In triiail
,i thu reboa Pacific The other. Jaigc
sAnluru apt-oia,rd Mr.. Kelly sp~~iAi
,lcs1 ani messenger lot Tho confs 10
,.rtY the order ami tho appearance Ia
lii. risrk.' Offices Of the nosthrfp de
,,srt Of thts citv1is At Omaha aud Place
them On hls. JUDGE tsntorn ssaicsi
altrr The os,isr had L~~p sssard shsi ths
ant-.,tst arc a, OF the res receivers IN ne
~ts~ ch.uss.t The ,nsansf cp~'a,ins tbs
.s.trin, bus that ile susrsv s1Fpnss ~ain
in.s OF the man line .oah nov apply
,o the paymsnt ot the GRIT snosssas'
bunsls.
rurEayus "s tun rosxrtnsrhH.
Ou.ua. January Z5.--Ths union Ia
Cd IL a,'s'nsy.. ~ho s~pi 10 ~. lsoi's u
asst,, IN losrSlusins The hfsi mortgages
tr:arn-I To- day. spssking OF the sai'
luds- Thufs'on ssid
lie sttuAituf3 OF tue ptuFHNF TN
'ra,h r.I th. posnt shssv sss~ra"sarw 90
tr~vita,lc. The rrss mortgage tntrfes
81, ~ ts-tAult and the system In Tho hand
ot '.rriter.. Tho hrst inssAilurn'
T. so Oto ut tho principal ~ill 10 du
Jauuary !. 1870. and there 10 no Ispss
ta.ty OF that amount Icing paid escri
~ lorSs lassutc sale. This sus~elos1r~ {
10 fret mortgage on the part ct W
Ilion Pacific main line 10 svally tbs la
to,sy .aaurc to b. brought. The mot
ss.es on the Oregon Kailusy snd Nav
CATION Company. thc Unian fscit
Isrgor anil ,,ui'. on al the div is'ons
a." oregon short line ard Utah Nofu
sr1. kansa. Pacific. t~nvvt Pacific. Maj
sas 'sr,ral and several other bfan'
iucs a'c aifvady in prvcrss Of soseci"
ufr Aui receivers have h~en appoints
uu.!"r all 81 them. This for-eloearc q"
rt yfs ,pticr the governments tntere
go Auy I-ssibls wsy. The sovefumsi
can ,unN into this case and iosccin
its uh'tsssc ss second Hen. NJ II n
t1rs,' -zp in,Icp< ndrn,ly. bu, always 50
l1t - tho FIRST mortgage. The time y
pos come vhcn Congress muss eth
a. durIns the presen, session OF
matte all pass hcyond legislation o.
trGs' IA" settled by the courts. .
v'ry glad this 10 80. bccausc u wiiI
N"," ~" a. senator from the resron
u