Williams v. . R. R.

This was an action by certain bondholders secured by a deed in trust upon the defendant's property, alleging insolvency, asking a decree of foreclosure, and a receiver pendente lite. The action was begun in 1894, a receiver appointed soon thereafter, and a decree of foreclosure at March Term, 1895, sale thereunder 6 July, for the sum of $10,000, and report confirmed at August Term, 1895. At the same term, the Falls of Neuse Manufacturing Company was allowed to intervene, and the plaintiff bondholders excepted, which exception is one of the matters which now come up for review.

The ground of…