United States Courts of Appeals Reports; Cases Adjudged in the United States Circuit Court of Appeals Volume 56 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 edition. Excerpt: ...the court be appointed to ascertain and report what part and how much of the earnings of the Arkansas Railway Company had been taken by John D. Beardsley and applied to his use, or to purposes foreign to the Arkansas Railway Company, since the filing of the original bill in this case, and that John D. Beardsley be compelled to pay to said receiver the amount so ascertained by such master, the same to be paid by such receiver upon the indebtedness aforesaid. The answer of John D. Beardsley therein, after denying the allegations of the bill, alleged that the railway company was indebted to him on certain accounts, and that the money received by him was in payment of said indebtedness. Jay Gould and the railway company answered, setting up the contract between John I). Beardsley and the Arkansas Railway Company by which fiftyone per cent of the stock and bonds of the Arkansas Railway Company had been transferred to said Gould to secure an Statement of the Case. indebtedness of $109,609.57 under a construction contract of date March 7, 1887. On December 3, 1887, the receiver was appointed, who, under the direction of the court, took possession of the Arkansas Railway Company with all its properties of every description then in the hands of John D. Beardsley, with further directions that whenever the surplus earnings and revenues of the Arkansas Railway Company, after paying the operating expenses and for repairs and materials, amounted to $1,000, the same should be paid over by the receiver to the St. Louis Railway Company on the debt due said company from the Arkansas Railway Company. On July 25, 1889, the court referred the matter to C. B. Moore, a master in chancery, with directions to state the account between John D. Beardsley and the...