Arkansas Railroad Commission v. Graysonia, Nashville & Ashdown Railroad

A domestic railroad corporation, known as the Memphis, Dallas & Gulf Railroad Company, constructed and operated -a line of railroad from Ashdown, Arkansas, to Hot Springs-through the towns of Nashville and Murfreesboro. The road was put into -operation about the year 1909, and was operated with more or less actual loss during its lifetime until the year 1920, when it was shut down and operations ceased. There was a foreclosure proceeding instituted by bondholders of the railroad company in the United States District Court for the Western District of Arkansas, and on August 15, 1922, the…