The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1885-05-14
CONNOTToN SOLD
For S635,OOO to the Re'OrOanlzatlon
Trustees Of tho Road.
A Small Crowd ia Attendance and tho Sale
Contaminated In About Ten Min
utss---rho hoAd TO be Re-
organised without Deiay.

Probably the largest sale ever made
In Stark county was consummated In o
few minutes from the Court House steps
at / o'clock Saturday afternoon. " waa
the time set by the Common Pleas Court
for the sale OF the C0nnotton Valley
Railway, upon application Of the New
K0gland Trust Company, q heavy credi-
tor Of the road.
Az directed by the Court, Special Mas.
tor Commissioner Sam. Briggs offered
the road for sale at the hour epecihed.
There was but O small crowd In attend
ance, among whom was William A..
Lynch, Esq., attorney for the New kng'
land Trust Company, MT. Albert n. Par
lin, OF Boston. Becreiary, and William
o. Chapman, O member or the Board OF
Re organization Trustees OF the road.
Before Offering the road for sale, Mr.,
Briggs read the announcements OF Mr..
ailley, OF Summit county, aud Joseph
w. Vaughn, q sub contractor I0f the
road, who hold claims against the old
company. The New England Trust Com
pany submitted statement denying
these claims, which was also read. Mr..
Brlgga then offered for sale parcel No,
|, embracing the main line OF the road,
extending from Cleveland TO Bherr0ds'
VILE, for which MIR. Lynch bid S4ll,.
b93.84, two.thirds OF the appraised
value.
The following parcels were then
offered for sale without getting any
bidders: No. 2, the rolling stock; No. .,
the personal property Of the main line;
No. 4, the Cleveland and Straitsyllle
branch, extending from Canton TO
Coshocton; No. 3, the personal properly
Of the Cleveland and Straitsyille branch,
The road, taken 40 o whole, was then
offered for sale, and Mr., Albert N. Parlin,
on behalf William j. Roatch, Joseph d.
Thomas, Albert N. Parlin and William
o. Chapman, all of Boston, comprising
the Board OF Reorganization Trus.
tees Of the road, bid s635.0OO,
No other bid was made and the road
was declared sold 10 the Trustees
named. MIR. Parlin then handed Mr..
Briggs his check. as Secretary OF the
Trustees, for s3l, l,750, Ave per cent. Of
the amount bid.
The work Of reorganizlng the road
will now be commenced without delay.
and II 10 generally understood that the
track will be made standard gauge and
the Sherrodsyllle branch extended Ia
BoweTston, on the Pan Handle, and the
CoahOctOn branch TO Zanesville. where
Il will connect with the Baltimore x
Ohio. This, however, 10 now matter
for consideration by the Rs'organiza
tion TruStee6.
The main line OF the Connotton was
appraised at s6l7,300, the rolling stoch
and equipment ut $4,000. and the per
sonal property at S26,500; tho SteuOen'
VILE line was appraised AT S278,850, and
the personal property at $1,000, making
the total appraieement e9i8, 750.
A recent Issue OF Boston paper con
tained the following: General j. 3
Negley, OF the Now York, Pittsburgh 4
Hkcago road has been In Boston anC
Nill return next week 10 eollclt yeaI
.oan Of 100000 with which 10 resume
construction upon the above named
road. The road was projected 10 ruT
from Red Bank, Pennsylvania, to Hunt
inRt0n, Indiana, and " now working TO
ward Marion, Ohio, where II will joiI
the Chicago Il Atlantic. There Ia nov
blNlobn ulloh VI tho iVau III vpoiotVl
from RDdgeryllle to Chewton, and
twenty.one more are graded. including
4 $4,000 bridge. Some Sl,00O00O hal
already been expended and $500, 600 will
complete the graded portion. The roat
will cross the Connotton Valley marrow
gauge at Minerva and Beach City, ant
u his been proposed that q third rail- b
laid, and the forty miles OF track be
tween these points be utilized by Thu
NY, p. Il Chicago road, thereby avoid
Ing the construction Of u parallel line
A consolidation Of the two roads hai
been suggested, but the Connection man
agement IL not In position to dlecuss tht
matter at present. After the sale undel
foreclosure of the mortgage, and reor
ganiEation u month later, the subject
will probably come up for negotiation