Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1886-03-28
SOUTHERN rEIrGRAPH LiNT.
Upon Petition OF AZ. Pace. Judge
Hughes Orders It's sale To be
indefinitely Postponed.


The property, franchises. rights, Ac.,
Of the Southern Telegraph Company
were advertised to be sold in front Of
the custom.h house here at t. o'clock
Yesterday. The sale was to be made
under decree of the United states
Circuit Court for the Eastern district
Of Virginia and by virtue of DEGREES
entered by this court, a similar court
for the Western district Of North Caro-
Ina. -- district Of South Caro-
Ina, Middle district Of Alabama. and
Northern district of Georgia in the
causes Of William Malone, &C., rs.
The Southern Telegraph Company and
others" and The Farmers Loan and
Trust Company IS. Same
THE CROWD.
Long before the appointed time a
large crowd had assembled, and more
money was probably never represented
at any one place in Richmond than
there was in this crowd.
About halfpast | O'Clock Colonel
Robert G. Ingersoll, Mr.. Edward 5.
Stokes, of New York, and Judge W. \.
Lochrane, of Georgia, drove up in ahac&
and entered the custom-house, where
they only remained short time, when
they reappeared on the Portico.
Colonel Ingersoll is large, pordy
man. with clean-shayen face, ami is not
unlike Professor Puryear, Of Richmond
College.
Mr. Edward 5. Stokes is of medium
height, compactly built, dark eyes. sill
yer-gray hair, dark moustache, and IS
said to rank among the handsomest
men Of New York.
SALE POSTPONED.
At ten. minutes after II o'clock Mr..
y. W. Bowe stepped forward and said
Il dislike very much to be forced TO
disappoint this crowd and read the
follow ing telegram
"NORF0LK, Va, March 2G. lS'J.
=" 4. l.. BouipQre and II. 3. Turner.
RicLmoad, "a:
Take notice, that the Court, upon
petition Of j. b. Pace, has entered an
order postponing the sale Of he south
ern telegraph, further action OF this
court appearing necessary as prelimi-
nary to the sale and you are ordered
to announce such postponement and not
to sell as advertised.
Signed
"KOBERT ". HUGHEs, Judge.
After the usual street gathering and
"chin" the crowd dispersed and 81
lence and solitude reigned supreme.
PACE WANTS To BID.
A representative of the DiSPQ'ct
called on Hon. John 5. Wise yesterday
afternoon and from him obtained acOpy
Of the following petition which he as
counsel for Mr. Pace, had presented ID
Judge Hughes:
Your petitioner, James Is. Pace re-
spectfully represents that he is, accord
ing to Commissioner Barry's report, the
largest bondholder of the Southern
Telegraph Company; that said pro-
perty is advertised for sale to-day that,
being such bOndholder, petitioner had
fully determined to be bidder to-day
at said sale, relying on the use Of his
bonds to make payment, as pro-
vided in the decree of sale, If he
should be the highest bidder. But
the cause since said decree was
entered and said property advertised
has become so involved with claims as
serted against the fund that petitioner,
who cannot know the fate of these
claims, cannot bid intelligently at said
sale, or calculate with any safety or
certainty as 10 what he is doing II he
bids. The claim Of $4,000 asserted
by {. c. Brown x Co. so long as II
was undetermined left petitioner com
pletely in doubt as 10 the basis OF valid
bonds on which to calculate the dlyi-
dend on petitioners own bonds IN
making a bid. The decision OF that
question yesterday would put that d'i-
feulty at rest, except that the parties
10 whom the decision Is adverse are
threatening an appeal, which il allowed
might impound portion OF the fund for
a long time, and your petitioner needs
A little time for consideration upon so
grave a question, sprung upon him too
late for him to decide at once. Besides
this, within the last few days, and
since the property was advertised, Car
ripgton 4 Henry, j. II. Bryant.
j. S. Smith, Turnball, and others
have presented claims in this cause