The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-05-02
THE TRUNK SOLD.
Tho Texas Trunk Railroad Sold Under
the Hammer Yesterday.
II Was Bought In by Representatives
OF the BOndhOlderS.
The Price Paid-Future of the In
teTprise.
o,ber Local Notes and Comments,

.,,,napy vs.. Texas Trunk Railroad
company, the Texas Trunk road
was Yesterday sold by the com.
missioner, A. S. Lathrop, appointed
NJ that court. The following is the descrip.
10, of the property sold and the terms and
c,nditions of its sale; the commissioners
having duly advertised ii TO be sold at the
courthouse in Dallas, on the first day OF
Nay, 1855:
The railroad of the Texas Trunk Railroad
company from its terminus in or near the
c,y of DALLAS, and state of Texas, extend
inc southeastwardly through the counties
NJ Dallas. kaufman, Henderson, Anderson,
Cherokee, Angelina, Tyler, Harding and
Jefferson to the gulf coast, az or near
S.blne Pass, together with branch from
some pointOn The main line to and through
The counties Of Jasper and Newton, to the
boundary line between the states of Texas
and Louisiana, in ali distance OF $50 miles
embracing thirty-iOur miles Of completed
rsilroadl including the right of way, road
bed, super-structure, iron. ties, spices,
chains, bolts spikes and tools, all land and
depot grounds, station-houses and depots,
yaduCt bridges, timber and materials, and
ali property purchased for the construction
and equipment OF said railroad, two loco.
motives, five liat-cars, one box'car, three
handcars, two iron-cars, and all the fran
Chises and rights of the said Texas Trunk
Railroad company in the state of Texas,
used for and appertaining to the operation
NJ aid railroad. Also all the right. title and
;nterest which the said railroad companv
bss in and to a certain portion of land,
wanted tn said railroad comnanv NV the
laws of Texas. to-wjt: fourteen sections
an, of every sixteen sections per mile tor
Zach and every mile of constructed railroad
The said land grant. and the nersonal
nronertv. locomotives. rolling stock and
machinery appertaininc thereto. will he
sold eacn separately. and the remainder,
Me road he'd right of way. superstruc,ure
and ali other things appurtenant thercto.
including the franchises. will be sold 10.
gether The land grant will he sold far
ssssh and ia 10 ha n,id for In monav
ITpon the sale of the other pronertv. the
purchaser or purchasers NAV nav in bonds
az said railroad comnanv NEGOTIATED and
sold in the market and held nv bona tide
purchasers. to the amounts TO which said
bonds vould he entitled ont of the nro-
ceeds of such sale, and In bonds which are
held as collaterals for the amount To which
the holder would be entitled ON the debt
for which such bonds are collateral. and
The remainder, il any. in money. iTpon
SAID prOperty being struck off to any hid
der. The purchaser of the rolling stock will
be required Immediately to nav the sum of
two thousand dollars in money and deposit
with the special master ten of said first
mortgage railroad bonds or shall nav the
whole amount of the bid in cash, and the
purchaser or purchasers of said rail-
railroad, road-bed, franchises etc.
will be required to nav twenty-three tbon,
sand dollars in cash and deposit with the
special master one hundred thousand dol
lars of said first mortgage railroad bonds
as assurance of the mlfillmept of The pur.
chase, and on failure of A purchaser or pur.
chasers TO comply with such provision. such
property will be mt nm for sale and re-
sold on the same day and immediately
thereafter.
In accordance with the advertisement
between IL aud / O'Clock n. m. A Iarge
crowd ofonr ronrest business men and can.
italists with Others from Boston New NJ k
and Chicago, assembled At the ca, tern door
of the court house, when Commissinner
Lathrop appeared and mt the hall in RIO.
ton. He first offered the railroad itself
with depots. switches etc and af,er a
silence ola few seconds Cantain \, I. Adams
of Dallas. ON behalf of the nnrchasinp
trustees or bondholders called ont the neat
sum of Sl52 600 as his hid II required but
very short time TO demonsu ate that the
three times-goinp: going. gone must
soon be sung ont. II Was lid off to Cnptain
Adams for The nurchasinp trustees who
are Messrs. Snrtwell Stenatb' Chew
Adams and Dickinson--all excent Captoin
Adams from New York and BOSTON. Before
bidding BEGAN. however. the commissioner
read notice from Cant,in w n Castor
by Sswnie pohorao T"p.a,n ottorn aS,o ~
tie effect that all persons interested were
notified that the right Of wav of The Texas
Trunk railroad comnanv from its terminus
at Dallas for n mile ont had never been
condemned or otherwise sconired Inv the
company: that that part of the line of road
had been made on land helong;no m him
and that no insisteJ AGAINST iii nsrsnns
whlmsoeyer and mon sll his legal risbts
growing oui of The facts stated
Following this was notice and
protest from the Sabine G. Noribwest.
irs n-os;dnn away company, thTouSh
Simpson attorney IL ne p "awe to,W ny no,;ce
that the road Of wh;oh no was nraS;Sant
Claimed and ownsd Tho an,;ra I;ra Of tba
protected route from Tho tarm;nai no;pt of
the constructed road of tho Taxss ' Trnnl,
Railway comnanv IN X anfnon conrtv and
thence sonthaasiw ardlv 70 Sabine pass.
that his comnanw ave ,oru,:, nn,;oa ,hat
In full conformity ST;,h ,ha LAWS Of Tsras
IL had caused n snrvav Of odd Iire rom ths
terminal line ~ ho msdo omd that ,ha q sIS
notes Of said snrvev wsrs q" or record IN Kanf.
man and that said snrveved line Mt this
time 10 now onrna5 nv ho,S .n n5
owned Inv said Soh;voE S W., nsto w r aI'
way comnanv "''e" 4'oi "s''eiH i"'''
lie GOES on 10 nro,o0, .o.;r., u,. s,,o =,
all that mart If ,be TevaS Trnnt ro ipo
line now occnn;ad tn h;s an ,unn ia a., ,hN
ground that ,Se ox w n,s 'olpas ~ ,nv
Trunk ia mnSar o,,s s.as,, vi oMo i eH 1an
feited and w, as "'"' e ~, ~
be- ipcanahl. "o 50 as ,t.oo
same. liz a;ses ,,,r,h lusui LIE .ne
thorjies Of ,ha Sur u.n ne no,,oe INA. .ne aa
figs of onn w ,e S,",e U, ieMas oS pr?eeeu,
sth iudici.I Sis,r s'o Me pr2veeu,ug IN .ne
iudsment sn IS.ic' cont. vi ieAss 10 nave
the franchise ava Se oharts 'Vt,e't Ta
Trunk road aNu 'n"r'er Vi WIG ieAas
Notwithstanding these notices and protest,
s,S,s ss'e proceeded and resulted as above
the sslo -, ~ ~ nra. feature OF interest was