The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-09-01
REAL ESTATE AT AUCTION.
ssIe en- EE s. SAL E
ESTATE OLE TIE


ESTATE OF TIE
FREEDOM IRON AND STEEL COMPANY.
The undersigned assignees ia trust for the benefit
oi the creditors S oi the freedom Iron ana steel
Pennsyl9anis, on TUESDAY, the 2Oth day Of Sep
tembeT, A. ID. 1870, at IL O'clock noon, the following
property Of the said company, comprising about
thirty nine thousand (39,OOOl acres of land IN Mihn
and Huntingdon counties, Pennsylvania, on which
there are erected extensive steel works. three (s)
charcoal blast furnaces in use and one u) disused
with numerous shops and buildings.
The assenees propose to sell at the same time and
place:-
township, miflin county, containing 15S acres and
124 perches.
in Derry township Mifnln county, containing l07
acres and 20 perches
A detailed description OF all the above properties
will be found in an advertisement in this paper of
intended sale Of the same property by Wistar Nor
ris, James r, Young, and Enoch Lewis, trustees.
The foregoing properties will be sold in parcel
lot, subject to the payment Of the mortgages now
existing against the property.
TO Wistar Morris, James Il. Young, and Enoch
Lewis, in trust to secure bonds OF the company pay
able on February 1, 1887, with interest thereon at
first days Of August and February.
The principal of which debt is S500,000 and on
above inieTestwas paid up to the first day OF Feb
ruary, 1869.
The other mortgage is dated December l. 1868,
held by Henry Winsor, Wstar Morris, and E. c.
Biddle, in trust, to secure bonds OF the company,
payable on the 1st day OF December, 1883, with in
teTest thereon at per cent per annum, payable
Der; this there is due for principal S3000O0 with
interest from December |, 1850
But the purchasers Will be at liberty to insert
clause in their deed, excluding any personal liza
blity for the debts thus secured, and agreeing to
more than recognition that such mortgages exist
About 4O5 COO bushels of charcoal about 1000 tons
of iron ore about 2OOO tons OF cnder about 81 OOe
cords of wood cut for coaling, quantity Of lime.
stone, together with large quantity Of material in
various stages OF manufacture
Alcnn nnah hnn nd two mi pG a nd nj n
teen Q9) horses with wagons and harness complete
Also, 1,942 G54 lbs. steel ingots
Al tons warm blast scrap iron.
1882 lbs. plow plate, trimmed.
24I6l4 lbs. round and square iron and steel buggy
tire sleigh STEEL rail webs and bottoms, etc.
61955-2240 tons steel rails.
lO5 steel ingots at Lochiel Iron Works Harrisburg,
weighing GO, II2 lbs, hammered.
t91 steel ingots at Johnstown, weighing $685. 7s6
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, Mifiiin county, and in store at
Greenwood Furnaces, Huntington 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
TERMS OF SALE
The purchasers of the real estate will be required
to pay at the time OF the sale One Thousand QOON
Dollars if thehid amounts TO so much and any balance
in 50days aud they will be required 70 prepare and
| stamp the deed to be signed by the assignees.
The purchasers of the personal property will be
required to pay at the time OF signing the memoran-
dunn, when the property is struck down, $1,000, and
within thirty days the balance Of the purchase
money, reserving, however, what win be the pro-
bable amount of the dividend to which the pGrcha-
sers creditors will be entitled less 10 per cent,
and on their giving approved security, to pay
| in on 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
will 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 $4,000
JAMES s. 3IDDLE,
CHARLES MCCREA,
| Assignees Of the Freedom Iron and Steel Company
PHILADELPHIA August 20, 1870. 8 22 NTH ct