The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-08-06
QhegmteIlaenftE.
,r,,r u,NKKrpT RAILROAD.
Mimi shall be Ihe Fate "I tue
NnrihCrn Pacific:

JpI,e Shipman issued decree Oh 'of''
,.lo.ur, in the matter Of the Norihef" Ia
,i5c Railroad on tie l2lb day Of April
I,,5, aliulging that the road be sold
,,,b all is grants, IibcrIie- and iran
cbi.e.. on the "a day Of August by Ken
meth q. White and oliver Fiskc, masters
Yesterday. At noon, the masters, with
,brir opctfonecr, were on the steps OF the
custom House, and the long decree Of
,r.,l,-urc and amendments were read.
nEEn now, ana | OtIeredY cried the
,n,,ioperr, "fr this railroad, one Of the
"St"pa moment, please" said Johnston
LEXINGTON, chairman Of the committee
,npninrcd by the bondholders to buy in
N.Y. rlal. at il the request OF my COM
,ri,tr representing So, 100000 Of bonds,
nqt dis ale be adjourned until the Sd
,ayoi September"
Fl, can't be done. The road must be
.llroy said Mr.. White
oRat /, said Mr.. Lane, represent the
,.up,r, nj the trustees OF the mortgage,
and unite in the request.
oWncrc are your principals? | tel!
ymthi. sale cannot be adjourned; ior all
tho territorial lands in Idaho, Washing
,"p md Montana, depending upon this
t,rorIy.u,r, are advertised to be sold on
the 18Th Of September and they must be
Al .I.t, 81
rBntn persisted Mr.. Lane, there is
Charcmagnc Tower, one OF the trustees
and he will tell you that he wants II
nn.tponed. Won't you, Mr..Towcr'
II add NV request to the others that the
sale be postponed" said Mr. Tower.
"Bnt / see no good reason tor a post.
poncmcnt and the road must he sold"
repeated the master,
Jay COOKE AGAIN IN THE STREET.
oBut who is the other trustee, and
where is he, and what does he say%
".Joy Cooke is the man. shouted a
dozen voices, ".Nnd here he is, said
broker moment later, who first caught
glimpse Of Mr.. Cooke as he alighted
from cab,
THE rain was falling heavily as Mr..
Cooke climbed the long steps. lie look
eli strong in health, but his step was
heavy, and his hair and beard were very
gay. Ills eyes and face kindled into
sIiglt animation in response to the many
saeliug. extended to him, and he seemed
especially anxious to avoid the recogni-
lion Of the crowd. lie was very plainly
dressed in black broadcloth suit, and
wore a broad.brimmed, soft, white felt
hat. On the prompting Of the officers OF
the Company he, too, asked for a post
ponrmcnt until September ;, but Com
missioner White again replied
at cant he done. All that Western
land has got to be sold, and must follow
this sale; and midwintcr i'no time foran
autrionccr to travel through that COM
try"
'WcIl, give lis until twOo'Clock to tall!
the business over, at any rate begged
Mr. Lane, and his petition was granted.
AZ two o'clock the request for u post
poncmcnt was again pressed, 0n the
grounl advanced by Mr., Livingston, that
the Purchasing Commute, who would
probably buy the road, had authority IN
represent only S22,0OO,OOO Of the bonds,
and It had become legal question whClh-
cr, il they made Il bid, they might not I'M
der some contingency become individu.
ally responsible. Mr.. Livingston said
thnl proxies were coming in by every
mail from other bOndhohlCrs, aud that
authority was also being furnished to
them by the stockholders, whose acquics.
ccucc in the plan would end all the tronh-
lr. II the road.
TnE rwO MILlION COMBINATION
Mr.. y. t.. Andrews, attorney for u Wall
street combination that holds proxies for
s9OO0,OOO ol bonds, urged that the sale
proceed lie said that the Purchasing
Committee was empowered to act by the
terms Of the proxies, on the ID day Of
August, AMI IN no other day; and that, il
the sale was postponed, he would contest
its authority in The courts unless il oh
tanned new powers from the holders 0f
the $29,O00,0O0 OF bonds Mr.. White,
after warning the committee that II must
ak Tor no further pOstpOnement, AL
journCd the sale until noon on Thursday,
august IL; at the same place,
Haven't you got better place in New
York than this TO sell property inY nsk-
ed Jay Cooke, from under raised nm
hrclla.
1.-THE decree commands us to make the
sale here" said Mr., White, "and here il
must bc, and II will be one week from
Thursday. Remember that"
Among the multitude were George ".
Cass, Receiver OF the road; Charles Is.
Wright, Of philadel phiA, The President;
Judge Rice, Of Maine, n Director; Mr..
Bulliu, OF philadelphia, Jay Cookies
counsel, and the following named mem.
bers Of the Purchasing Committee: John
ston Livingston, Of New York; j. X.
Moorhcad, Of Pittsburgh; j. n. IIutchin.
son, Of Philadelphia; George Stark, Of
Boston; J. N. Denison, Of Baltimore, and
Frederick Billings, Of Woodstock, YER
mont,
\ large crowd Of Wall street men gath
cred when they learned what was being
done, and as they dispersed Jay Cooke
caught sight Of the BANKER G. W. lIassler,
who Is connected with the $4,000 900 com.
bnation.
"lIclloa, IInssler," cried he, "what are
yon around her stirring up trouble fOr?'
"Who started this trouble, anyway
replied Mr. lIassler, with laugh.
Don't lctus mention II" said thegrcnt
retired linancier, with grlniaCe.
10 the reporter Mr.. Cooke said that he
had no idea what the road would sell for,
hut that his confidence in itsullimNte sue.
rcss was undiminished, and that he con-
,idorcd it worth every dollar that had
been PIT into it.