Legal Opinion

Osgood v. Chicago, D. & V. R.

U.S. Circuit Court for the Northern District of Illnois

Decided April 15, 1875PublishedCited by 12 opinions

[This was a bill in equity by Stephen Osgood against the Chicago, Danville & Vin-cennes Railroad Company and others.] On the 22d of February, 1875, the plaintiff, a citizen of Massachusetts, as a bondholder of the railroad company, filed a bill in the Will county circuit court, to foreclose a mortgage, making as defendants, the company, its president, treasurer, and .directors, and also the trustees of mortgages amounting to several millions of dollars, given by the railroad…

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[This was a bill in equity by Stephen Osgood against the Chicago, Danville & Vin-cennes Railroad Company and others.] On the 22d of February, 1875, the plaintiff, a citizen of Massachusetts, as a bondholder of the railroad company, filed a bill in the Will county circuit court, to foreclose a mortgage, making as defendants, the company, its president, treasurer, and .directors, and also the trustees of mortgages amounting to several millions of dollars, given by the railroad company. The bill charges various breaches of trust on the part of the officers of the company, and asks for an…

1Opinion of the Court

DRUMMOND, Circuit Judge.

It seems to have been the intention, in the recent act, to consolidate into one act all the previous general acts of congress conferring jurisdiction upon the circuit court, and at the same time to give the court jurisdiction in some cases where no previous act of congress had conferred it. The court has now jurisdiction in suits between the citizens of different states, without regard to the fact whether or not one of the parties is a citizen of the state where the suit is brought. The act also authorizes a case to be removed from the state to the federal court under…

2Cited by12 opinions

  1. Woolridge v. McKennaUnited States Circuit Court · 1881
  2. Williams v. New York, P. & NR Co.Court of Appeals for the Fourth Circuit · 1926
  3. Owens v. Ohio Cent. R.U.S. Circuit Court for the District of West Virginia · 1884
  4. Stone v. SargentMassachusetts Supreme Judicial Court · 1880
  5. Central Trust Co. v. South Atlantic & O. R.U.S. Circuit Court for the District of Western Virginia · 1893

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