| Show TIE A AND P CASE I Involves Over Sixteen Millions of Dollars SANTA FE N M Oct 30The Atlantic At-lantic Pacific railroad case involving the sum of 16 00OCO comes on again for hearing before Judge Collier in the United States district court at Albuquerque Albu-querque on Saturday next The title of the case is the United States Trust company com-pany vs The A P railrond company et al The trust company has filed ex centions to the defendants answer In the former suit charging irrelevancy Arguments Argu-ments are to be heard on this point Among the attorneys engaged are S D Kenna L F Parker Robert Dun lap H L Waldo and Judge Sterry for the railroad F II Jennings of New York and N B Field for the trust company com-pany The courts decision on these ex ceptions will practically determine whether or not there will be an immediate Imme-diate sale under foreclosure of the Atlantic At-lantic Pacific road to satisfy the first mortgage bondholders represented by the United States trust company I the sale is ordered doubtless this interest will see that the price will reach somewhere some-where near 16500000 The Santa Fe wants the Atlantic Pacific but is hardly prepared t < pay J1650000Q for i Should the road fall into other hands the Santa Fe would be forced to fall back on Its reorganization reorganiza-tion committees plan and float 20000000 of new bonds to build an independent line coast from the Rio Grade to the Pacific |
