Rensselaer Republican, Volume 18, Number 24, Rensselaer, Jasper County, 18 February 1886 — The Chicago & Great Southern to Pass to Other Hands-Provisions of the Decree. [ARTICLE]

The Chicago & Great Southern to Pass to Other HandsProvisions of the Decree.

t - ' V... After hearing the counsel of the different interests represented in the suit for the foreclosure of the mortgages ou the -Chicago and threat Southern railway l..st week, it was decided by JudgesGiesham and Woods to grant a decree ordering the sale—of t lie property. The decree provides that the claims for labor and material used m the improvement of the road, amount ! ing in the aggregate to about, £2OO, 0(H), shall be paid first from the, j proceeds of the sale, and the debts j contracted by the receiver, umonut- j ing to $153,000 more, shall next be. : paid, while out of the remaining tuuds the bonds held by the Purer syndicate, which s mounted to *1,200,000, shall be paid. Those •bonds were issued while the road was under the exclusive control of ! Henry Crawford, and were sold by him to Drexel, Morgan <!fc Co., of ■New York, who subsequently dis r posed of them to the Porter syndicate for $500,000, after \ Mr. ’ Crawford wasjanable to meet his i .Alligations to them.' Under the circumstances, the court holds i ;hat the claims for labor and the debts contracted bv the receiver ’ should be paid before the, bondholders receive anything. The court lin» fixed $500,000 as the i minimum amount for which ; the property shall i>p sold, as th:s sum required -to cover the claims That must t*e paid and the -court expenses. The date for the sale lias not yet been determined. Aches -and paps long borne make «?ea the old. Tbv true remedy is l\ir Jeer's Tonic. It purities the blood, sets in orrik'r the liver anti kidneys, ban'.stavpain and builds up the health, besides | it Has the reputation of doing what wt' chum lor k. s Feb.