The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-08-29
REAL Es,A1E AT AUCTION.
A sic EE s. sA L E.
ESTATE nF THE

FREEDOM IRON AND STEEL COMPANY.
The undersigned, assgnees in trust for the benefit
OF the creditors OF the Freedom Iron and steel
Company, will sell at public auction, at the ofice of
the company, in Derry township, Miflin county,
tember, A. ID. 1870 at IL O'Clock, noon, the following
property OF the said company, comprising about
and Huntingdon counties, Pennsylvania, on which
there are erected extensive steel works, three 9)
charcoal blast furnaces in use and one p} disused,
with numerous shops and buildings
The assignees propose to sell at the same time and
place:-
The property known as the Yoder farm, in Brown
1Q4 perches.
Also, the property known as the Williams farm
in Derry township, Minlin county, containing 1O7
acres and 20 perches.
detailed description OF all the above pSoperties
VIII be found in advertisement in this paper of an
intended sale of the same property by Wistar Nor
ris, James 7. Young, and Enoch Lewis, trustees.
The foregoing properties will be sold in one parcel
lot, subject to the payment Of the mortgages
existing against the property.
One OF them bearing date February !, 1861, given
to Wistar Morris, James T. Young and Enoch
Lewis in trust, to secure bonds of the company pay
able on February 1, 1881, with interest thereon at
per cent per annum, payable semi-annually, on the
first days Of August and February
The principal Of which debt is 100000, and on
above interestwas paid up TO the first day OF Feb
The other mortgage is dated December 1, 1868,
held by Henry Winsor, Wistar Morris, and E. c.
Biddle, in trust, to secure bonds of the company,
payable on the 1st day of December, 1885, with in
terest thereon at per cent. per annum, payable
semi-annually on the 1st days OF June and Decem-
ber on this there is due for principal $500 OOO with
interest from December |, 1860
But the purchasers will be at liberty to insert
clause in their deed, excluding any personal liza
bity for the debts thus secured, aud agreeing to
more than a recognition that such mortgages exist
and are liens.
About 400 coo bushels of charcoal about 1000 tons
of iron ore, about 2000 tons of cnder about 81 006
cords Of wood cut for coaliDg a 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 ,942, ,654 lbs. steel ingots
Al tons warm blast scrap iron.
1881 lbs. plow plate, trimmed.
24l,614 lbs round and square iron and steel buggy
tire, sleigh steel, rail webs and bottoms, etc.
1e55-224O tons steel rails.
lO5 steel ingots at Lochie Iron Works. Harrisburg
weighing 60, 172 lbs., hammered
o91 steel ingots at Johnstown, weighing 3s3, IS6
lbs, not hammered.
tons castings.
tons scrap.
Also an assortment of dry goods. boots and shoes,
groceries, provisions and drugs, suitable for manu-
featuring establishment, in store at Forge Works,
in Derry township, Mitln county, and in store at
Tee Whole of the Above descpbed personal nro.
perty will be offered in one parcel, and If sufficient
price, in the Judgment of the assignees, is not
TERMS OF SALE.
The purchasers of the real estate will be require
to pay at the time Of the sale One Thousand 10000
Dollars the.bid amounts to so much and any balance
stamp the deed toy to be signed BY the assgnees
The purchasers Of the personal property will be
required to pay at the time Of signing the memOran-
DUN, when the property is struck down, slOO0 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 as may be required by
the assignees in their Judgment and the purchasers
viii be required to pay in addition to the amount of
their bid the debt 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. 8 % NTH 9t