Thomas v. Cincinnati, N. O. & T. P. Ry. Co.
U.S. Circuit Court for the District of Southern Ohio
On the Question of Distribution of Net Earnings.
1Opinion of the Court
TAFT, Circuit Judge.
The receiver appointed under the general creditors’ bill herein has been operating the railroad of the defendant company since March 18, 1893. By the 12th of January, 1899, when he pays the quarterly rental due at that time, he will have paid in money into the treasury of the city of Cincinnati $5,970,000, and to the trustees of the Cincinnati Southern Bailway $72,000, or $6,042,000 in all. Nothing will then be due for rent from the defendant company to the city. In addition to this, he has expended ‘large sums from his earnings in improving the condition of the *203railroad,…
2Cases cited3 opinions
- Chattanooga, R. & C. R. v. EvansCourt of Appeals for the Sixth Circuit · 1895
- Baltimore Trust & Guarantee Co. v. HofstetterCourt of Appeals for the Sixth Circuit · 1898
- Thomas v. Cincinnati, N. O. & T. P. Ry. Co.U.S. Circuit Court for the District of Southern Ohio · 1898
3Cited by6 opinions
- In Re American Fuel & Power Co.Court of Appeals for the Sixth Circuit · 1945
- Pennsylvania Co. for Ins. on Lives & Granting Annuities v. Philadelphia Co.Court of Appeals for the Third Circuit · 1920
- Union Trust Co. v. Southern Sawmills & Lumber Co.Court of Appeals for the Fourth Circuit · 1908
- Southern Ry. Co. v. United States Fidelity & Guaranty Co.Court of Appeals for the Fifth Circuit · 1936
- Green v. Vanston Bondholders Protective CommitteeCourt of Appeals for the Sixth Circuit · 1945
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