Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-04-30
RAILROAD NEWS.
The Late Sale Of the Alabama and Chat
annnnnn Rnnn-

The Late Sale of the Alabama and Chat
tanOOga Road
At the sale of the Alabama and Chattanooga
railroad in Montgomery last Monday Colonel
Gindrat, one of the a~ssignees in bankruptcy,
after reading the order Of sale, stated that the
sale did not include certain real estate and
the improvements thereon, situated in Chat
tanOOgo, which belonged to the company, but
the title to which was in the name OF certain
other parties; nor did it include the hotel
property at Alfalfa; nor the lands donated to
1T by Congress; nor the telegraph lines, etc.
Colonel Gilmore, one of the attorneys for the
assignees, announced that the lien OF the state
of Georgia mentioned in the notice of sale had
not been settled and adjusted, and therefore
the sale would be made subject to that lien.
Judge W. j. HarrOlson, ON his own behalf as
a creditor, and in behalf of certain other cred
ftors, announced that he forbade the sale.
Judge s. +. Rice gave notice on behalf of
VIM. F. Drake, Rice, Chiffon q Jones and
others, holders of large amounts of the second
mortgage bonds, and also on behalf OF the
bankrupt, that they protested against the
sale as being unauthorized and illegal. He
equity in the United States Circuit Court at
Mobile, wherein W. +. Drake and Others are
others defendants, and that the purchaser or
purchasers at this sale, whoever they might
be, would he made parties defendant to that
suit as soon as pen, ink and paper Souid make
them, and all the questions presented by that
bill would be pressed to q decision.
VIM. s. T~hOrington, as attorney for Major
campbell, wallace ana others, holders OF
second mortgage bonds, also protested against
the sale, and gave potiGa That the validity of
the sale would be contested by his clients, as
well for the reservations made in the sale, as
for all other legal reasons.
John A. MINIS, United States District At
toTney, gave notice Of q debt due the Federal
Overnmen amounting to about nineteen
thousand dollars, which he claimed was para
mount to all other liens upon the property.
He did not protest againstthe safe, out simply
gave notice of the claim.
Colonel EimoFe stated to the bystandersthat
all the questions presented by those who now
protested against the sale had neen brought
before Judge Woods, at M6hile, during the
past week; that he had heard and determined
them, and that he had no doubt that the pur-
chaser at the sale would get a good and valid
title to the property.
Colonel Gindrat then put the property up
for salR. Ihe first bid cried was ten Thousand
dollars. There We're only two bidders, C.. o.
Whitney, Of Chattanooga, and Major L. j..
Burnett, Of GPeepVille. The bidding was
qu1te sQIftted between these two, until the
amount finally reached three hundred and
twelve thousand dollars, at which sum il was
knocked down to Major Burnett, mmedi-
ately after the sale Major Burnett announced
from tAQ stand that the purchase was made
for and on behalf Of the state OF Alabama.
But the fight is not yet over, the old cOmpe-
ny VIII not n the struggle for the road,
but we are not able to state the exact plan OF
the campaign, except that they will buy out
or fight cut, Whichever way seems the best for
their INTERESTS