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ST. JOSEPH &C. RAILROAD CO. v. HUMPHREYS

No. 287.

145 U.S. 105 (1892)

12 S.Ct. 795

36 L.Ed. 690

ST. JOSEPH AND ST. LOUIS RAILROAD COMPANY, v. HUMPHREYS.

Supreme Court of United States.

Decided April 25, 1892.

Attorney(s) appearing for the Case

Mr. Everett W. Pattison for appellant.

Mr. Wells H. Blodgett and Mr. Thomas H. Hubbard filed briefs for the appellees, and were present at the argument; but the court declined to hear them.

MR. CHIEF JUSTICE FULLER delivered the opinion of the court.

We have already seen that the theory of this bill was that an insolvent railroad corporation may in the public interest, and for the benefit of all its various creditors, surrender its property to a court of equity, to be preserved and kept in operation until it can be disposed of according to the several private rights concerned. Under such circumstances, before receivers can be held to have adopted outstanding...

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