The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-28

The four suits for foreclosure of
mortgages and bonds on the Utah Cen
trail railway and the several branches
composing the road. were called up
before Judge Hiles yesterday after
noon. The suits. which were begun
some three years ago and were the
cause of the road going into the hands
of receivers, are as follows:
Thomas Marshall, trustee for certain
bondholders, VS.. the branch of the road
known as the Salt Lake & Fort Doug
las railway. to recover 100000 with
interest from Jan. 1, 1885, the indebted
ness being represented by 500 bonds of
$1,000 each.
The Knickerbocker Trust company
VS.. Salt Lake e. Eastern railway, to
recover S1.200,000 with interest from
July l, 1888, amounting with costs to
$1,607, $50, represented by 1000 bonds of
the denomination of $1,000 each.
The KnickerbOcker Trust company
vs.. the Utah Western Railway COM
pany, to recover 100000 and interest,
amounting to $765, $50.
The Central Trust company VS.. the
Utah Central consolidation of the va
rious branches, to recover 100000 on
per cent first mortgage bonds issued
May l, 1891, and payable in 1921.
RECEIVERS CERTIFICATES.
In addition to the four suits was the
suit in Intervention to foreclose re-
ceivers' certificates to the extent of
100000.
In February, 1895, receivers having
been appointed in the several suits !
brought by Marshall and the trust |
companies, the court made an order |
authorizing the receivers to issue re-
ceivers certificates to the extent of |
100000 to operate the railroad lines |
and keep the same in repair and pro-
vide necessary rolling stock. 1t was
also provided that these certificates
should be first lien on the property.
Certificates of that amount were issued
by the receivers and disposed of at par.
Mcmillan - and Bamberger. holding
about $4,000 of these, interviewed in
the principal actions on behalf of
and all other certificate
holders to foreclose their certificates
and have the same sold to satisfy
them. One of the questions the court
will have to decide is priority of liens.
3 The total claims with interest will
DOT up to nearly $15O00,000.
There are a number of other inter-
Ienors who claim to hold judgments
Ind liens against the road for small
mounts, and the proving up on those
.laims was commenced and just well
tarted when court adjourned until
Monday morning.
GLASMANN'S NERVE.
The suit in Intervention brought by
William Glasmann of Ogden for 81, 800
which he alleged was due on an I'M
atisfiG1 judgment which he had re-
overed in 1893 for land taken by the
empany for a right-Ofway.
Glasmann took the stand and was
Xamined in reference to the matter
y his attorney, George p. Costigan
:. The examination proceeded salts
actorily and Glasmann testified to
aving recovered the judgment, the
Thy and the wherefore and SO forth, !
nd just at the conclusion his attor-
ey asked the witness if he had ever {
aceived anything on account of the l
alignment. The question seemed to sur |
rise the witness and he was a little
but with some hesitancy ad- c
lifted he had received something. $
his lead to further questions on the q
lme line, with the result that Glas-
hment of Judge Hiles and all the
.wyers in the case, including Mr..
ostigan, that the Judgment which he
as seeking. to have declared a lien D
yainst the company had been fully .
lid and satisfied in every respect. is
Such an unusual denOuemenI seemed =
fairly non plus Judge Hiles, and the e,
torneys were both astonished and
nused at the effrontery of Glasmann.
is honor thought he had had enough
r one day, and it being nearly
clock, court adjourned till Monday m
orning. ri
OF REMUNERATION.
Prior to the Glasmann incident, Re-
liver McGregor was examined with iii
ference to the compensation he had
ceived for his services as such re- Of
liver, which he said was $500 q RI
Dnth, and other accounts of the
Grafton of the road were gone into Il;
tn some detail. The receipts of the
ad during his receivership amounted ~,
1865, 641.41 and the disbursements to ~,
i .6O6.7S. -
Mr.. P. L. Williams, the attorney for 81
2 road, was examined in regard to -
lat he would consider a fair re- ~
lneration for the master who will -, -
obably be appointed to sell the road, III
d Mr.. Williams thought 5 per cent -
the selling price would be a fair al a.,
VI