Salt Lake Telegram | 1935-12-19 | Page 8 | D. & R. G. Thrown on Mercy of U. S.

D o. o fill R R G G. G THROWN ON MERCY OF U U. U S S. S ST ST. LOUIS ST.-LOUIS QUIS Dec 19 An P An opinion opinion opinion ion b by U. U S. S Circuit Judge Charles CharlesI B. B Faris Fans cleared the way today for forthe forthe the government g if it choo chooses es to take over the Denver Rio Grande railroad Judge Fans Fans' decision given yesterday yes yes- dissolved a voting trusta trust a agreement re ment through which the theris Missouri Mis ris Pacific Railroad company and the Western Pacific Railroad company company com corn pany pany ich each voted one-half one of pf the Denver Rio Grandes Grande's shares and nd had j joint int control of it This left power of administration at I the di discretion of government agencies since the Missouri Pacific pledged its shares of ot the stock to the Railroad d Credit corporation cor cor- for fOl a loan a and d the Western Vestern Pacific pledged its to the Reconstruction Finance corpora corpora- tion Both loans are unpaid Judge Faris Fans did not rule directly on the question of control He Re held that the law of Delaware where tho the tho Denver Rio Grande was in incorporated itt itt- pr prohibits hibits voting trusts for more than ten years and denied the two vo roads' roads request for a two- two year oar extension