The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-09-12
REAL ESTATE AT AUCTION.
A 81 NRE s. sA Il
ESTATE OF THE


FREEDOM IRON AND STEEL COMPANY.
The undersigned, sssignees in trust for the benent
Of the creditors OF the Freedom Iron and steel
Penpsylvans, On TUESDAY, the he 2otp day Of Sep,
property Of the said company, Contrasting about
thirty nine thousand Cs9,OOO) acres 81 land in Miin
and Huntington counties, Pennsylvania, on which
there are erected extensive steel works, three C)
charcoal blast furnaces in use and one Q) disused,
with numerous shops and buildings
The assgnees propose to sell at the same time and
place:-
The property known as the Yoder farm, in Brown
township, Mlfnin county, containing 15S acres and
124 perches.
Also, the property known as the Williams farm
in Derry township, Mif1lin county, containing l07
acres and 20 perches.
A detailed description of all the above properties
viii be found In an advertisement in this paper OF
intended sale Of the same property by Wistar Nor
ris, James i, Young, and Enoch Lewis, trustees
The foregoing properties will be sold'n one parcel
or lot, subject TO the payment of the mortgages
existing againsTthe property
one OF them bearing date February l, 1867, given
| to Wistar Morris, James 4. Young, and Enoch
Lewis, in trust to secure bonds Of the company pay
able on February 1884, with interest thereon at
per cent per annum, payable semiannually, on the
first days Of August and February.
The principal Of which debt is 100000, and on
above interest was paid up to the nrst day OF Feb
The other mortgage is dated December 1, 1865,
held by Henry NinsOr, Wistar Norris and E. G.
Biddle, in trust, TO secure bonds OF the company,
pay able on the 1st day of December, 1888, with ln-
terest thereon at per cent. per annum payable
semi-annualy, on the 1st days Of June and Decem-
ber; this there is due for principal $780, 0O0 with
interest from December |, 1860.
But the purchasers will be at liberty to insert
clause in their deed, excluding any personal lia-
bty the debts thus secured, aud agreeing to no
more than recognition that such mortgages exist
and are liens
About 100000 bushels of charcoal, about 1000 tons
OF iron ore, about 20O0 tons of cnder about 81 900
cords of wood cut for coaing, q quantity of lime.
stone together with large quantity of material in
various stages of manufacture,
Also one hundred and two Q02) mules and nine
teen Q9) horses with wagons and harness complete.
Also, 1,942, ,654 lbs. steel ingots.
Al tons warm blast scrap IRON
1I,S21 lbs. pow plate, trimmed
244,64 lbs. round and square iron and steel buggJ
| tire, sleigh steel, rail webs and bottoms, etc.
1955-224O tons steel rails
10 l351- -224O ends
lO5 steel ngots at Lochiel Iron Works Harrisburg,
| weighing 60,II2 lbs, hammered.
| 597 steel ineots at Johnstown, weighing $685. 1S6
| lbs, not hammered.
B tons castings.
4 tons scrap
Also an assortment OF dry goods, boots and Shoes
groceries, provisions and drugs suitable for
featuring establishment, in store at Forge Works,
| in Derry township Miflin county, and in store at
| Greenwood Furnaces, Huntingdon county.
The whole Of the above described personal pro-
perty will be offered in one parcel, and If sufficient
| price, in the Judgment OF the assignees is not
offered, they will be withdrawn and sold in separate
! parcels, as may be decided upon.
TERMS OF SALE
The purchasers OF the real estate will be required
to pay at the time of the sale One Thousand $1,000
Dollars If thebid amounts to so much and any balance
in 3Odays, aud they will be required to prepare and
| stamp the deed to be signed by the assignees.
| Ine purcnaserSc CT tne personal property Will De
required to pay at 1e time OF signing the memoran-
dun, when the property is struck down, $1,000, and
| within thirty days the balance OF the purchase
money, reserving, however, what will be the pro-
bable amount OF the dividend to which the purcha-
sers, creditors will be entitled less 10 per cent,
| and on their giving approved security, to pay
| in reasonable notice, from time to time, any
part parts OF such residue may be required by
the asslgnees in their Judgment and the purchasers
will be required to pay, in addition to the amount OF
their bid the ueb due for wood leave for the wood
cut and bought by them, amounting to about $1,000.
JAMES s. BIDDLE,
CHARLES MCCREA,
Assignees of the Freedom Iron and Steel Company.
PHILADELPHIA, August 20, 1870. s 22 NTH 9t