The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-05-02
SELLING NIAGARA FALLS.
THE WITER POUER ON TJTE iJEHf, IN
STDE UNDER TVE H.fUnER.
Also The Hydraulic tnnni, G,r,ss T.ihna. aud
Ten Village Lots Propcrf, whi-h
- 900. 900 hns been sunk Sold for ~. coo

S,oooooo hns been sunk sold for ~ coo.
NIAGARA FAILS. May T. An auctioncel
with persuasive Hibornian accent mounted a
walnut table in the reading room Of he spencer
House. IN this village. at II IT, \. NJ. to-day AMI
| announced that h" wac about 10 soil Ivy public
auction. to tho highest bidder. and without rc-
serve. the cntirr winter powor of the American
! sid" Of the Niagara river ut the FALL. with the
| hydraulic cnnal the island known us Grass
Island above the Fails aud Ten lois OF lnd in
the vlnge If Niagara Falls tho whole being
known ~ the canal property.
II Is. said the auctioncor. " tho most vnua-
bile piece of property on the American ooni-
ncui. or any other continent. and would Ice
cheap. dirt cheap. at a million doars'
This modest sum wns no sooner mentioned
iinn -omebody bid .jOpo for the o, and this
bid WIS Immediately supplemented by one Of
100000. These weak bids induced Mr.. Day. the
owner, ~ tell tho forty OF nfty gentlemen who
attended the snlr the financial condition of
that the tnrumhrancee amounted 10
about sp2Nur one mortgage Tor t29.ooo
I.mpanv of Now York, one Tor $1,000 by Nrs
i. k Avcrvof New lorn. one for f5UpO Lv Alex
hy Nv. Chcshraugh ii Nin..ar fnll The r.
maind'r BONG du" fer Interest and unpaid
u--um.. the siu.nuI uirf1guee. with nearly an
other thou-and nddrd for Interest must IT, mid
before 10 u'cuck tomorrow morning hu, fh..
remainder of Oh" price might stand on mort
e,4tr az long a- u N.ir.i.
ON hearing these terms the s2o.Opo lildor
witidr " his n0cI ia the gr .do-t haste hut hi.
b, WI ir.m ! = srnn.ilopf& Son II liuiIalo.
WIS criod with some ychomcncc for h-if an
hour or more. Int thor" the market stuck
the hddcrs. What iengl Il was d. "iIi "Itn a an
l'uih we safe until after dinner, io give IN, ca
iH'ftd buyers % chance tp think n over.
DURING tho r..c-- Mr. Day explained 20 little
knots ~ ready listeners why lie J.. selling out
~ ,4,h 9n,i Tor it is only IN day since he
SAID years ago rich man AMI bought this
hr anrrrN. IN ~ .arc ,rgina ~ hy d. grant
Porter. m lSnG. being known a. the onc-milo
r. rNrlun. fnd wa sold hy THEW heirs To-
Meilrr BRYANT AMI u Boston company I'm is5g
Mr.. Bryant hogan to dig the hydraulic canal
sunk Aii ii- money. nul sold pW o. Horace II.
Day ~ l,dl, having lost nearly s3nUunp or
digging the canni. houchi Grass l-'and for
hnr,"r spent ,70nooo and took la nDth.ng.
m" property. on" oi these mortgages. The
slnwm one to Mr. 'h'shrouah. WIS iuc som,
extension nnt'l ~" III ~ August To- .iyc him
lm' io nI'"ri's" The prop"rt, for sal";. This
g., rnm"rt 20 huv tn" power for manu-
rhnni property had 10 he sold hef0rr 10
O'Clock Tomorrow morning. ~ which iour
IL was uuV'it I~nd to hr Sold hV TN. Sher N &.
-af.-W Mr hr-nronghs mortgage. The irau-
"hi-". lir D1S explained. include. the rN fu-
-'Nr iEh' ~ nw o. from tll" American inl an l
H." liN Naiuh,ou ~ th. property De- $4,000.
Ih' hNi nnl.' canal Is loo feet wide one mil,
.Nr-. 'ui through -'iid rock. and IT, estimated
7 &C." IS ltupH hur- power. TIL" power of tine
tan hh~ never h'u PUT tp any pril0 ticall" lis q
lh' only na I'm ~ run 10y 10 heirg small
Touring mil hut Du baud bought from Nj.
DH, Such IT, tho brief hi-tor, ihat tic nov
almost l"uuii' So Mr. Day gave of hi isantr
Wal o. ~ irN-.
NJ fnr continuation Of the sale Ia the nlter-
moon ana unknrNI. bidder ini~ed the price, 500.
"nnrug 500 loo. hut THIS bong considered o.,
i"W,i -ei Mts adjourned for auoti or hour A.
{. bl.i % al 900 from j. h. S'hOcllkopi Il Snn ol
lbuilalp. amt er"d ii, for half am hn'tr or moro
II we- e." evident that nobody intended TO rails.
ti- ii and AZ l,ngth tn Jolly little auct ionrcl.
pantn- the nails ia MS io t. firmly in the var
n.h'd top II the fnh". won't through the .n,.
im" fwo times throe times. and sold The
annNnn'''N' ut ~ IN" name ol the purchasers
M'- "M. with llud oi""r-. IT, I,p,,. OF
'.N rails 'lH .nE that 100 their haf = flD
it.t ''if NlI .'' ini 20 &. .ol H-'.
"n'' "Ip -i> hoie"r. n- -."n
.i'i. rr Co. ''er 't.'
iiNu .arl HWnnE tlt go, % rr-v .rl 4iDl
..u-. .Nrt'f" 'I.i'i tf,r Dos. j, .- am j. -.'.ll
i''i A' to bacon Of tnr iar-c-t 40. hholdcr-
'N aAf Zoo joe organic 10y iiIlil aud
a-a'u fat.- 'ii. iul SIS inr tl.o ul.li. atom &
.n ltHrr What as fr imn nse poW.r Wal
ln =" la-, rf tti i4. 90 determined.
r.t..r,. ll'iI.,i~ ti-~Iti.ial WIN ~, r'n-
Hiii' o.. amt i.it 900 in o1r'y tram without max
NJ 100. .ar. 'D-. B. .ft'. 49, a., pu .tio,i,.r
sili N' %" '. tNh n-i. / ..if.r il. ,fn -fl ID ID
i"iiD idods sale Wu.r ana tIr.t d." would b.
u'. acNf n en' ase d l.ps o. -nn.'-
i..Is i-"r Mi'h IiNf. .rti.ti. ~ 49,