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MEMPHIS, &C., RAILROAD v. DOW

120 U.S. 287 (1887)

MEMPHIS & LITTLE ROCK RAILROAD v. DOW.

Supreme Court of United States.

Decided January 24, 1887.

Attorney(s) appearing for the Case

Mr. Wager Swayne and Mr. B.C. Brown (Mr. John F. Dillon and Mr. J.C. Brown were with them on the brief), for appellant.

Mr. U.M. Rose, for appellees.

Mr. John M. Bowers, for appellees.

MR. JUSTICE HARLAN, after stating the case as above reported, delivered the opinion of the court.

From these facts it appears that at the date of the mortgage of May 2, 1877, appellant's entire assets consisted of the property, rights and privileges purchased by Pierson, Dow, and Matthews, trustees, at the sale under the decree foreclosing the mortgage of December 1, 1873, and by them conveyed to it, on the express condition...

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