Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1883-05-20
ALBION SALE.
A Great Deal of Valuable Property
Sold for q Song.

A TREAT Deal Of Valuable Property
Sold for q Song.
At noon yesterday the sale Of the per.
sonal property Of the Albion Consolidated
Mining Company. On the premises about
the mine. was begun, according 10 adver-
tisement. Quite q crowd attended the
sale. All the lawyers in town were there,
looking after the interests Of an innumer-
ab!e host Of clients. Sheriff Sweeney
shone out eloquently as auctioneer on the
occasion.
The first article put under the hammer
was IL ore cars. as good as new. They
we're bought in by P. Selby, for the COM
pany, for $155. They cost originally SIS
apiece.
1t will be observed in this account of
the sale that Mr.. Selby bought only such
articles as are indispensable for imme-
date use in running the mine. He made
the remark that unless the mine PANIED
out well the coal, lumber and other such
stuff would not be needed, and if they
struck it in the mine they could afford to
buy those materials new. From. which,
taken in connection with other circum-
stances, it seems evident the heavy San
Francisco creditors expect to come shortly
into possession Of the property, and that
they will work it for .'even," with the
possibility Of a margin for speculation be-
sides.
Gen. Conner, for the Eureka Tunnel
Company, bought q circular saw, in frame,
for $40.
r. Sadler, pipe couplers, pincers, bel
lows, ~rivets, etc., $50.
r. Sadler, q lot of machinists' tools,
500.
r. Sadler, a lot Of iron, including anvil,
hammers, etc., $325.
r. Sadler, three piles Of lumber, $500.
Il. Sadler, n large coal car, four Stag
trucks, one set Howe's scales, one lot
CRATES, one lot furnace tools, steel bar,
etc., $3.50.
r. Sadler, 1872 cases giant powder, II, 1000
feet of fuse, oil, -~turpentine, caps, etc.,
ST, 051.
R. sadler, assaying outfit, scales. chem.
icals, etc., complete. $500.
R. ssdler, tagging. cedar posts. etc.,
$3.50.
r. sadler, two workbenches, two kegs
nails, etc., $21 so.
r.. Sadler, windmill and sleigh, 81 so.
P. Selby, 5000 feet square timber, $500.
P. Selby. lot mining tools, SIG.
P. N. Hansen. one desk, $22; Is wheel
barrows, SIC; 1870, 900 bushels of charcoal,
$18. 700.
@. L. Broy, 10 tons ore. $341; flue dust,
$42i; Stag dump, 1928; flue dust, $50.
G.. j. Lansing, five tons OF ore at Eureka
Con. works, s21.
Lambert Molinelli, counter and draw
ers, 50 so.
George W. Baker, wood and desk, $62.
Eureka Tunnel, Is T rails and six sacks
stonecoal, S72 so.
T. J. Read, the company's interest in Is
tons tribute ore, $50.
M. Roberts, lot refuse lumber. $40.
The entire sale foots up $23, 277.
The actual value OF the property sold is
estimated all the way from $50, 600 to
$40. 600. The latter figure is probably
nearer the truth. The coal sold for barely
more than half what it is worth. In that
purchase there is a nice little speculation
and a profit of not less than $4,000.
The mine will be sold under execution
June l, and will doubtless pass into the
hands Of the Nevada Bank, the heaviest
creditor. Mr.. Flood will then have an OPP
portunity to try mining in Eureka for the
first time. The SENTINEL has always said
and believed that the Albion is . mine Of
fine prospects. We believe that il it ever
has a chance TO live long enough out Of
litigation and is thoroughly worked 1t will
yet show up q bonanza.