Pennsylvania Steel Co. v. New York City Ry. Co.

LACOMBE, Circuit Judge.

The receivers of the Metropolitan Street Railway Company have applied for further instructions as to transfers.

They have carefully conformed to the general instructions contained in opinion filed October 8, 1907 (157 Fed. 440) to operate the road in accordance with the requirements of law, state and local. When they took possession of the property the Metropolitan Company was operating the Fifty-Ninth Street Crosstown Fine under a lease. The statutes of the state provide that in such case transfers should be exchanged, and this was done. On August 6, 1908, operation…