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Show I SUIT AGAIN9T THE UNION PA- CIFIC. New York, -". initiatory steps were taken yesterday in a suit in tho Supreme Court of this city, in whieh M. M. Simpson is plaintij), and thi Union Par-iiic Company, J. Gould, Sidney Dillon, and others, defendants, to compel the htteT defendants as sloekholders, to make their payments of subscriptions to the slock to meet the claims of creditors. The plain-till plain-till asks an injunction to res tram tho transfer by responsible, parties of record lo persons not able lo respond for the par ot 'stock only. Ten millions mil-lions are involved in this suit. The complain:! nL alleges Ihutjthn Company first lorrowe'd some ten million dollars dol-lars in money on income bonds, and made them in lieu of all their property proper-ty after the first mortgage and land grant bonds, but neglected to record a decel of trust by which tho lien wan (p'aled, and now propewes In borrow lixteiji millions morn und lo givo a mortgage that shall cut oil' lenders on income bunds, who supposed they held i deed of trust to secure their loa n. |