Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-12-01

In the Federal court today Judge
Banborn handed down decree IN the
two cases in which JAmes M. Ham
and Oliver Amee, trustees, are com.
piainsnts and the Oregon Short Line
and u tab Northern Railway company
and 8. II. II. CLARK, Oliver w. Mink,
L. EIlery Andersen. Frederic X. Com.
dert and John w. Doane are defend.
ants.
= The decree recites that on July /,
1879. the Utah southern extension
bonds were Issued with James n.
Ham and Hon. VIM. II. Hooperas
trustees. Later MIR. Hooper died ana
Mr.. Oliver Amcs was substituted a.
such trustee. The amount Of the ex-
tension mortgage under these bonds
was 81 $50, 900 and mp to Dec. l. 1925,
the amount OF coupons and interest
due was s482.5l8 which remained IN.
paid, 9 total Of So, 4l7,5l6.
On July l. 1879. general mortgage
was also placed upon the property to
secure an issus OF bonds In the sum Of
81 sac, 900.
On July l, 1881. the U tab Southern
anu Utah Ceptrsi railways were con.
sulidatsd with and operated under the
Oregon Short Line and Utah Northern
railway. therefore the decree IL aRainst
that organization.
MUST FAY IN FIVE DAYS.
frha a an rQa adf,.tuaa ttl,t., q -.
days after today the Oregon Short
Line & Utah Northern Railway com.
psny must pay TO the clerk OF the
Federal court the sum OF So, All, Ole. 90,
otherwise the lines embraced In the
systems will be sold at public auction
to the highest bidder for cash,
SPECIAL MASTER APPOINTED.
Judge Ssnborn, In his decree, ap.
points the Hon. VIM. ID. Cornish OF St.
Paul as special master TO take charge
OF the affairs OF the company i'm
medistely upon Its failure to pay over
the amou ut decreed by the court.
PRIORITY LIENS.
The decree auiudges that all expeu-
ditures OF the system made under tina
management OF the receivers, Messrs.
CLARK, Mink, Anderson, Condsrt ami
Doane, shall be considered a prior
lien to the mortgages under which the
foreclosure and sale occur. 30 also are
the court costr, attorneys fees ana
other litigation expenses, the proceeds
OF the sale to be devoted TO their liqui-
dation first.
WILL ADVERTISE FOUR WEEKS.
The oourt instruets the special mas.
ter, upon the failure Of the Oregon
Short Line and Utah Northern rail.
way company to pay over the sum of
81, Az, $1,000, to advertise In two news.
papers published in the State OF Utah
the time and place OF the salej OF the
property and description In brief OF
the property to be solu. The notices
shall be published once n week for four
weeks prior to the sale, In both papers,
and that the fret publication In each
shsll be made at least thirty days be-
fore the sale occurs.
THE EFFECTS.
n fter the sale occurs the reorRaniza.
ton committee will assume control OF
the company, which will hereafter he
known as tue Oregon Short Line d
Utah Northern railroad, the last woru
being changed from the word "salI.
wRy.'
NEW OFFICERS.
The system will be organized en-.
tirely anew. The new owners will
elect board OF directors, which in
turn will elect Its executive officers
and the latter will appoint the general
officers to operate the system.
LINES AFFECTED.
The lines affected are now known an
the Utah division and the Idaho divi-
sion OF the Union Pacific, embracing
l,42l.2 miles, divided ss follows: OK.
den to Frisco, Syracuse Junction 10
Syracuse, Salt Lake to Terminus, ana
Saltsir Junction 10 Salt works (Gar-
field roau), Lehi to Tinuc, Ironton TO
Northern Spy mine, Mammoth June.
ton 10 Tintic, al In Utah.
MAIN LINES.
The main llnes are from Granger.
Wyo., to Huntington, Org; Ogden,
Utah, to McCsmmop, Ida, aud Pocs,
tello, Ida, to Silver Bow, Mont, with
branches rs follows: Shushone to
Ke,chum. Nampa to Boise anu Cschs
junction to Preston.