The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-12-02
SHORT LINE TO BE SOLD
Judge SanbOrn Hands Down q Decree at
Salt Lake.

Salt Lake, Utah, Dec. LIN the federal
court today Judge Sanborn handed down
a decree in the two cases in which James
NJ Ham and Oliver Ames. trustees. are
complainants and the Oregon Short Line
and Utah Northern railway companies
and S. II. II. Clark, Oliver W. Mink, E.
Eilery Anderson, Frederick r. Coudert
and John w. Doane, are defendants.
The decree reciteS that on July l, 1879,
the Utah Southern extension bonds were
issued, with James NJ. Ham and WILL
lam H. Hooper as trustees. Later Nj.
Hooper died and Oliver Ames was sub
stituted as such trustee. The amount of
the extension mortgage under these
bonds was s1.950.00O, and up to December
], 1896, the amount of coupons and in
terest due was s462, SIS. which remained
unpaid, total of S2,417 ,615.
On July 1, 1879, general mortgage was
also placed upon the property 20 secure
an issue of bonds in the sum OF $685.
00O.
On July I, 1881, the Utah Southern and
Utah Central railways were consolidated
with an operated under the Oregon Short
Line and Utah Northern railway, there
fore, the decree is against that organiza-
ton.
The decree adjudges that within five
and Utah Northern Railway company
must pay TO the clerk Of the federal court
the sum of s2.417 SIC, otherwise the lines
embraced in the system will be sold al
public auction to the highest bidder for
casl
Judge Sanborn. in his decree, appoints
William d. Cornish, of ST. Paul, as spe-
cial master TO take charge of the affairs
of the company Immediately upon its
failure to pay over the amount decreed
by the court.
The decree adjudges that all expend.-
lures of the system made under the man
agement of the receivers. Messrs. Clark,
Mink, Anderson, Coudert. and Doane,
shall be considered a prior lien to the
mortgages under which the foreclosure
and sale occur So also are the court
casts, attorneys fees and other litigation
expenses. the proceeds of the sale 10 be
devoted to their liquidation first.
The court instructs the special master,
upon tie failure OF the Oregon Short
Line and Utah Northern Railway COM
pany to pay over the sum OF s2,4l7 sic.
to advertise IN two newspapers published
in the state of Utah. the time and place
of the sale os the property and descrip-
ton in brief OF TIE property TO be sold.
The notice shall ne published once a
week for four weeks prior TO the sale.
After the sale occurs the reorganiZ3-
ton committee VIII assume control Of the
company. which will hereafter be known
as the Oregon Short Lane and Utah North
erI railroad. the last word being changed
from the word railway"
Omaha. Ne5.. Dec. 1.-According TO
Managing Receiver Clark. the Short Line
aggregation from tie great Union Pacif-
ic system Will take place in Feoruarv.
a. which time all connections between
The parent ,oad ao3 Iht ll'1 m'ls oraac's
NIL 5e severed. y. II. bancroft, gener-
al superintendent OF the Union Pacific,
Mountain division, is expected 10 be the
receiver and general manager. ]. c. Q.
Meiveny. division engineer of the Short
Line, 10 be general superintendent. and
Sam Hu;cains, general travelling paseel-
ger agent for the Union Pacific, VIII be
offered the positions Of general passen-
ger agent for the segregated road.