The post. [volume] (Middleburg, Snyder County, Pa.) 1864-1883, 1876-03-30
A Railroad Sma5h.up.
The hsolrent SmIJury and Lsri,!oas
RlNgonG S0R a PniNc ST..

The Iasoirent SuiJuy and Lswi,!oag
Railroad. Sold al Pajic She
The sale at public auction otthe Sun.
bury and Lewistown Railroad, post.
poned from March |, took place ycster.
day at the Merchauts' Exchange. In
January last, under decree of the Su.
preme Court ordering the trustees Of
the first mortgage bonds 10 foreclosc
said mortgage for non.pavment Of in.
tercst, the road was purchased for the
bondhnlders by the Board Of Attorneys
At a meeting Of the hondholdcrs held
January PC, 1876, n resolution was
adopted providing that if the road
should not be sold nj private sale ON OF
before March |, 1876, then the Board OF
Attorneys should dispose Of ii ut public
sale. The sale was accordingly an
nouncod for March Q, at the Merchants
Exchange. One hundred thousand dol.
lars was the highest bid received, when
James II Campbell, in the interest OF
the bondholders, announced that the
sale would bc postponed until March
y, when the road would lie knocked
down to the highest bidder, without
further reservation. Long before |.
O'clock yesterday the hour fixed foI
the sale, the reading-room of the
Merchants Exchange was filled with q
crowd of excited bondholdcrs. A few
moments after the appointed hour Mr..
Ellis, of Thomas & Sons. mounted III,
stand and ordered the notice of sale t.
be read. Just rs the auctionccr was
about calling for bid George w.
: Arundel arose and read the following
Asan attorney ola number OF the bondholdert
OF the Sunbury and LeGtstown n abroad, l nov
!. notify all bidders that the sale about 20 take
place to-day l. ILLEGAL, and will vest no title In
tho purchasers. Ny resolution, unanimously
passed., IL IL required that the sale be fully al.
vertisei In the ci'ios Of New Yors aud ihila
delphi, and NOrthumborlaud and snyder and
Miliiin counties. No such public alton has been
made that the said railroad would DO exposed Il
public sale this 23i of March.
Mr. Ellis stated that the sale haC
) been advertised in certain Philudelphia
and New fork papers and also il
} Thomas d Sons catalogue, which wa,
all the law required, this being post.
poned sale, and the proper notice hav
ing been given prior to the regularly
appointed day ofsale. Then he con
tinued in way peculiar to all auc
tioneers, inquiring in seductive though
at times almost uninteligible tones who
was desirous Of bidding S3O0,0o0 NJ
such individual being present, he sud
denly sank to $4,000 and thon /,
100000. zone hundred and fifty thou
sand" was what Mr.. Bull, acting fol
Campbell, suddenly exclaimed. "Ah
thank you, sir. One hundred and fifty
thousand we have, make it two hun
dred Thank you, Mr.. McGovern (thC
builder of the road / One hundred ant
iihy-one thousand. Did | hear fifty
two One hundred and iifty-two W,
have" This last hid was from JOIN
, h. Valentine, who IL I, understood il
) attorney for Mcssrs. Hart, shank, Nc.
Govern, Frcese, Darragh and others
. 80 the bidding continued until final,
: Mr.. Valentines bid OF $l6l 900 dis
couraged his competitors and com.
PEELED the auciioneer to regreihilly an
nounce that he was the purchaser. Mr.
Valentine then sighned the bond an'
: handed over his check for $4,000, til,
, instalment required by the terms of tn,
sale. 1t was privately stated that til,
purchase was not made in the com
mittee's interest, Josiah s. Hart bein,
tho only committeeman rcpresente,
| among the purchasers. The Sunbur.
/, and Lewistown Rairoad begins at tn
, east side of Susquehanna river, il
: Northumberland county, opposite tn
4 borough Of Selinsgrove, in Snyde
' county, and passes by way OF Selins
grove and Beaver Furnace, i'm Snyd6
. county. TO Lewistown. Mifllin county,
. distance Of AZ miles. The sale include
all the appustsnances. --Phiid. Time
l2Ak ~.