Thompson v. White Water Valley Railroad
Supreme Court of the United States
APPEAL FROM THE- CIRCUIT COURT OF THE UNITED STATES FOR THE DISTRICT OF INDIANA. This suit was brought by holders of obligations of the Indiana, Cincinnati and Lafayette Railroad Company, and on behalf of other holders similarly situated, to enforce an alleged lien claimed by them upon earnings of a section of the road of the White Water Yalley Railroad Company, against the claim to priority of bondholders secured by an earlier mortgage.
Read the full summary
APPEAL FROM THE- CIRCUIT COURT OF THE UNITED STATES FOR THE DISTRICT OF INDIANA. This suit was brought by holders of obligations of the Indiana, Cincinnati and Lafayette Railroad Company, and on behalf of other holders similarly situated, to enforce an alleged lien claimed by them upon earnings of a section of the road of the White Water Yalley Railroad Company, against the claim to priority of bondholders secured by an earlier mortgage. The White Water Yalley Railroad Company was organized as a corporation in 1865, under the laws of Indiana, with authority to locate, construct and operate a…
1Opinion of the CourtJustice Field
From the above brief statement of the case, it is clear that the decree .of the court below must be affirmed. The claims of the complainants, whatever validity and force may be given to them as liens upon the earnings of.the section of road from Cambridge City to Hagerstown, between the parties agreeing to such liens, are entirely subordinate to the rights of the bondholders under the mortgage of the White Water Yalley Kailroad Company, executed for their benefit to trustees on the 1st of August, 1865.' . That mortgage was made before the claims of the complainants had any existence. It…
2Cases cited2 opinions
- Galveston Railroad v. CowdreySupreme Court of the United States · 1871
- Porter v. Pittsburg Bessemer Steel Co.Supreme Court of the United States · 1887
3Cited by34 opinions
- New Mexico v. United States Trust Co.Supreme Court of the United States · 1898
- Fogg v. BlairSupreme Court of the United States · 1890
- Toledo, Delphos & Burlington Railroad v. HamiltonSupreme Court of the United States · 1890
- Central Trust Co. v. KneelandSupreme Court of the United States · 1891
- Atlantic Trust Co. v. DanaCourt of Appeals for the Eighth Circuit · 1903
29 more not listed; retrieve them via the Exa API.