Show RECEIVERS CERTIFICATES Important Question Raised in the Short Line Case Portland Ore June Transcripts of the records of the United States circuit court of this circuit on the appeal ap-peal recently taken by the Oregon Short Line Utah Northern Railway company and Oliver Ames and Samuel Carr of Boston In the foreclosure case of the American Loan Trust company in which John M Egan was recently appointed receiver are beIng be-ing rapidly prepared and will be filed in San Francisco this week An interesting inter-esting question yet undecided in the history of railway foreclosures is involved in-volved viz Has a court of equity power to order receivers certificates to Issue to a trustee of a second mortgage mort-gage for advances by It to pay interest inter-est by the first mortgagee in possession posses-sion and charge the property of the railway company therefor where the road is earning more than sufficient sufcient to pay cost of operations taxes maintenance and repair but insufficient cient to pay all its interest due on first mortgages and especially can receivers re-ceivers certificates so issue where the holders of the first and second mortgages appear and object and the mortgage gives no authority to the trustee to consent to the issue |