New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-15
LOCAL MISCELLANY.
RARTTAN AND DELAWARE BAY RAILROAD-MAS
TIERS SALE IN CHANCERY.

A
TIERS SALE IN CHANCERY
The sale of the Raritan and Delaware bay
Railroad took place yesterday the depot OF the Con"
many. Manchester. ~ J. The sale was made "nuel
writ OF feri fae,as addressed to Robert Green
I'm Chancery OF New Jersey the complaint VI O"'
..Hneut ~ lie prineipal and interest OF mort
gage for 81 100000 the rOad d"u Ia t,,orest
Of the Company The seep1I ZOO 600 The sale cx.
cited considerable interest among raroa9 SIVhsfeT
and capitalists and the lte viiago vi ~ @ ~ rcd
9Ncean EoUitv \ - presented an unusually ahha'eu
appeRraucc The sale was hllunCt TOT ID or,Sris "a
,b tS nr@cors and Shareholders OF the Company anu
with large number OF persons BeTiamin Nil
Hanson OF NewJersey the Hon John r. kIep
Jersey Messrs. Charles Gould. samuel u WneeleI'
% 80 fI,,,y NJ Alexander Of NewYOik, and MesSls
Gco re B Upton Samuel II. Gookin, and Charles
"a TUuntipSion OF Boston. IL rumored
ht, The Of the sale that Chancellor
RauiamIn williamson, and Samuel o. hheeIeI, ~ "
NeSYork about to purchase for the n o Sn
the whole IN at nominal prize inlS ;toiists ,%esent
10 refrain from bidding, and az inc result RiVia
bondholdprs had the field almost entlrey 10
AZ o'clock the conditions OF sale We're feau Ny aasuSd
RSheTt Green They provided that 10 per cent OF te
purchase money should be paid on the prop
crty being knocked down. ana the paldnee On 1
lei day of October next which day the eonveyahcs
and title deeds sh uld be given to the pnIcnaSer cor
notice behalf of the lesSees was posted claiming oc
tain tools and as the PROPERLY oaS OF Of be Rasn
The first lot offered consisted OF tDe Ioao p @ hetreen
aud Delaware Bay Railroad company; DinE Paiiroad
Raritan Bay aud the Camden ana Atauo ha i
with all the lands, peIIndlthl way
mons wharves bridges, cuyerts, depot ana stdlluh
grounds and buildings, and the corporate IraI
cbises rIglts and privileges OF the Company,
r1c bronc6 railroad from Manchester to Toms River
was sold subject payment OF the prnclpal anu III
tercst of the bonds secured, by mortgage gwen 10 Jas
W Alexander, trustee. shareholder asked What tno
amount Of the mortgage was The Master salu Ine
amount was stated the papers IN MS pOsstsslun
lint that ne believed IL about $4,000 with interest,"
ExChancrUnr Williamson bid $4,000 for the nrst OJ fl
teen minutes time for other bids were gwen, Ou no one
seemed willing 10 enter the lists against the DondhoIuer
and it was knocked down TO Mr.. hlhamsOh
and George n. THUS behalf or the DOnd
holders for that sum. The second lot was lne
equipment hch covered Is locomotives 81 pas
snger cars 50 Il cars 42freght cars and the steamboat
lease Hoyt which used for conveying passengers from
New-Ymk To Port Monmouth. The bidding was Openeu Oh
behalf of the bondhOlders at the sum OF S<o'VVo.
strauger $4,000 and the bids advanced u 900 AT uo
up To $4,000 when tue mortgage was knocked down 20
Samuel G.. Wheeler jr, Of New-GOrk on Dehali
of the bondhOlders. This terminated the saie
The deposit of per cent OF the purchase money was
paid aud the railroad Is now In possession OF the bOnu
holders The new proprctors intend at once raising
s2OO0OOO on new mortgage bonds and Will issue OOVO
worth OF stock Out OF the money raised on the now
bonds tl5O,OOO is to be spent III improving
the road and adding to the rolling stock Import
ant extensions Of the hne are also contemplated,
The new Board of Directors consists OF exChanceOt
williamson Senator Stockton, Cortland Parker, henry
g. Little Benson SanOet, William s. Sneden ana AshpGi
Green OF New-Jersey George y. Upton SanueI II;
COOklu, and Charles W. Huntington or Boston, anu
Charles Gould. Samuel e. Wheeler, Jr, and Henry M
Alexander OF NewYUrk. Charles Gould, esq, VI NEW
York will he President OF the new Board William
Lewis esq Secretary, and James r. Gould, Treasurer