, 1864-03-10
THE SALE OF THE GREAT EASTERN,
IN IMPORTANT QUESTION CONCERNING
AUCTION SALES:
Whether "a Nod IL as Good ns u Wink. S-c. >

LyEEroo1- Feb. IS, 1ssa.-The Great Fastc,,
vas finally sold ly auc:ion yesterday and I seu
soa .has me following 1o19HMi9g report ef the sale:
CT was Yesterday Knocked down at q publ
auction for ess,o 90; and though that amou: %
noe9 fhe not Of II; actual
made pretty accurately Indicates the public est
mate Of the market yu1ue Of q vessel upon 1ghfe
r5,;ss 1as Eeen IL &S1snded l!tte short Of one llio
into vhose hands tho +sblg sl1tpn now seems iiEt
| y f3 pass, have c1ready purchased bonds OF h
ena na feer sfer Sain GoR:ny a@oantins 70
ne cost OF the vessel to the new cumpany viii h
tsoIDo-a gum ms 1idiculonsIy small aa the ali,
y y cx0ayasantay great, and mfserably below eye1
placed upon tie vease at tbs aftsnn9a wats1 " ",
nbout month since. A pezyersc fntaIfty scern
70 attend cverythine connected with the Is Gre,
to add another to the many lawspits which A.;
ALREADY associated with the name Of tiat ilstasTct
;. The piaee Of sale was the Cotton sa,eroom
Exchange Buildings, and the auctionecr. The Hon
*9oscrh c9nn1d tof tie Arm Of Cunnrd, Wilson
e. q 20 Ihe e pom was dcnsely packed. though
AZ he1past two, the hour nxed for the sale, the
ptpcecdincs were commenced by Mr. Wilson
ftso,ng nc conditions Of sale, the principal oj
rSa Ss1s snt ss ten % fspos
Liverpool Rank, to he returned il tic titlc were ere
not made out to the satisfaction Of the purchaser.
en inc slead be the Ix e tp t the
Hon. .. cunafd then made few predatory obsefva-
tens remasking that hc wac about to otter to the
rf cses, sb'n 1et %eteaIte shirpins community the
greatest that erc1 would be sold without rcstrcion
q reserve, and she wuf]d he knocked down to the
n,Gnett bidder whatever the amount offered. The
gentltnen ssouId bid quickly. Might he start At
1slon. OF even E100 NU: No s{en Eas made
5 saa fhe aacdoneer 1ct bidders to offer what they
oaer w5ateEcs would b Be- INA maae! :na' Ms 10
J, X,stess-who T. attended as TIC rep1sssatati9s : M
shp bid Sssst ef % aistsFa s;se%
repeated the auc.iorccr time aftcT tfme: bnt m ~
eronse Mee made to his appeals whether the shin
Id a5 snis paoass aod ss 1fad Sg4ss
laughter from thosc who were lnckEsunu~h not tn
.sa # nnmogFed r. among hcE shareholdes Equally ID
.lat be was bonnd to knock the vessel m down m to
tie highest bidder, and that she would certaiu5y
&c C. cold foF the sum offered unless m ad-
saa md efs re maaf mofones en as t !s5paa aspt lis Is
suspected tlat be intended 10 ciyc he noj
Or wink which TO the aEctieneer would re-
present q. a. advance Of s1ooo This lasted p:r-
:ame voice, an,oet sepr1chral IN its tone ofc:1
~; nE 9:5No. Who was IT. Nobody knew. i
e. I'D aPnn aaa Snf he Of s t1 st
:aed with ncrso2s anxiety, ~ though frightened
the very thought Of becoming oTuer or the
hc tkere Tcrr IL Sa9 81 song gentleman behind
ations eI An right" and & Go on''-a voice o.
11ns 20 8o0o-and finally 1t was announced that |
&c m mn naTs &c Of fhe individual who bad first broken
4prcci:t3cu Of his bo1dnees By giving checr. a |
eiax o.sereral minutes here ensued, and when tho
silence o1thosc present was becoming exhausted, |
returning 10 the original bid oi ss0o0, and asE-
y II therc Was 70 be no advance upon that It WIS
" r. tac ting :hat tho oaeF a. Rae
pnearcd to be the caac. .GoIng at es0So% eaid
&c nuctionccr, end was on the point Of bringing
IT M " sy hsh Els hsaa aasss Gsne3; Il as
Ee1s M was another cheer. The bid IVES taken at
s, :1 ,.o ~, and M Nj. Yates Immediately offered
= Sids 4e ms sane as.,n Wea p;1eess Of asking
hc;ns hocked aowr, when NJ. Maeee {nter. @
ed nod: b. 1,1 n9id yoY .s you'd taks wink
i ~ T!nklns r 9Gseat 1anshter.) Tho wink was
l:en to mean ea3 COO, and Mr.. Yates directly foI-
wtd M It np By Offering 5000. The auctioneer
at. semind;ng those present that the sum xou]d
y py Tor the Epare gear Of the vessel: but ali h.s
'lg4a.f were N Win and the haumcr descended |
s's 'ac so1so time without any further offer being
i 11SIe S; vas cal1 for the Of the purchaser,
II IN e ccn,Hr a,Es rfpS;6 Thc Great Eastern seam
e ass. nhly f3;snn1. med and aIter slght cheer
tee1n ln1o which Mr, Bzunei's last errat achieve
ent had 1enen. AZ We have already stated. the
II company have taEen-up number Of the Bonds
'ne !. o'n company to the extent OF E;O03O: but
~ ~ is3 na 1ees @ have got the ship dirt chem and
'ne 99Uuu GeloV what they had thcmseIyes an. l.,
cipatcd 1t has not been determined. We beIieTc
@ Mnat purpose the ehip will b. applied. There fs
pa me taik Ct again employing her between IiTrT.
20 an1 NeT York: while It has also been snr. {
:steo that shc might be scrriceably en~a@cd r
y1ng the new electric cable ncross tic Atlantic
: ANeT M ~ the e. salc> Nj: Rae, who made the second
OF - oU and who resides In St, James strrct
i1mcd to be the purchaser Of the ehtu. nsseTtinn3
a. although he had not the money With him. he
prepared 10 give the required dcposit Of Ia ncr
nj N the % course Of The afternoon. On tic other
nd, NJ. Wileon states that he applied to Mr. Rse
meliatcly anc1 he made his bid-acconnfine. for ]
doiay which At that point Of the proceedings
CURED az mentioned aboye-und Iii. Rae wanid I
ithe5 gre the reqni1ed deposit nor name any Re-
onsi6le security. Ar. Carasd ruled that thc
eat Eastern SteemEhip Company wcrc the mr. l
1se1e. but whether the matter vii! be allowed TO
IN here is uncertain.
hare been informed that Mr.. Rae tenaetcd the
ot.nt Of TIC deposit yesterday afternoon at The
ok Of Liverpool where it WAS refused and TINT | I
In. under legal advice he has asaiu done 80 to- {
;, and that he Is determined to prosecute his
I'M WIN.