MR. JUSTICE DOUGLAS delivered the opinion of the Court.
Hoboken Manufacturers Railroad Co. (the debtor) operates a terminal switching railroad along the waterfront at Hoboken, New Jersey. It is a common carrier subject to the provisions of the Interstate Commerce Act. 24 Stat. 379, 41 Stat. 474, 49 Stat. 543, 54 Stat. 899, 49 U.S.C. § 1. The major part of its right-of-way and line of railroad is held by it under a 99-year lease from respondent dated June 19,...
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