Lucius Quintus Cincinnatus Lamar

“ Louis bonds at par value, for they not only gave Le Conte a like number of bonds, but, as an inducement to such transfer, gave him, in addition, 2 income bonds amounting to $1,500, and 30 shares of stock. Such a transaction is more in the nature of a negotiation and sale than an exchange, as contemplated by the original arrangement for an exchange of bonds. In fact, there is nothing whatever to show, or even to indicate, that these 6 bonds were not part of the 70 bonds that were not exchanged, but were given a priority of lien by the foreclosure decree. ”

“ Coupon bonds like those in suit, payable to bearer, pass by delivery; and a bona fide purchaser of them before maturity takes them freed from any equities that might have been set up against the original holders of them. ”

“ Under an order of court of December 30, 1885, it was provided that all claims which should be filed in court against the railway, or the fund arising from the sale thereof, should be referred to W. P. Fishback, a master of the court. ”