Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-03-02
SALE or TEXAS 4 ST. LOUIS.
uoW tho Halfway was Iiih or Tor tue
iIBndhnidafa' Committee,

0
iIDndhnllsfa, Committee,
~. Loum, Mo, Mnroh I J., Saturday
morning little group gathered nbout
tho ehst door ~ the custom house a
man munOtonuusly nnd from papers In
his hands sons minutes, and then fomoy,
iug gold bowed QiasaGn glanced around
aud asked tribe ncryou1Y "NOWi
what AM bid ~ There was m0mcnpN
silence Then dark Wiry young man
said, al bid ono million"
'tDo hoarany further bids 7"
Sheltered behind several taller forms,
q respondent thrust bis head forward
Win his answer
"Two millions"
Tho Wify young man looked surprised
bu not morn than he might II some ono
offered 70 rbNngo the limit Of q poker
gnmo from Z o 10 70 cents, Hnd showed a
llyoly betting inclination 1hon he nm.
aworod
nIhrOrn
~ single mill0ns tho two climbed
untl The uholtor0d bidder snld, instead 1i
$4,000, 600, sT260,000, No said n I'm.
prosHlyoly, and tho wiry young man SEQ
Ink wenkuoHa, restrained hlH lmpotuoalty
with bid OF @L5O0,000,
'HtNrh luUl huhufen.'
"hoyen four hundred and OUc,n ven
turod the former bidder
II stop, said Tho nhulored voice,
rare sou nll d0Dgl Seven, four hun.
drod aud one sold to lilonlouB Smith,
bidding for the bondholdrts' committee
That ended H.
Tho m0notonons reader WIS George n,
Shields, maAtcr ln,cliRnccryi Tie aucCoaa-
tul bidder WA lllo0louA Smith, and the
sheltered voice belonged 10 q, II Ten
Brock OF Ton ilfoook q Jones, The
property aOld was the Texas s ~ Louis
raIiruad IN Missouri aud AfkansRa, under
decree OF foreclosure Of the hrst mort.
gage on the road II was bought for the
bondhuld1fP purchasing committee
WIN, Mortona, Goo, COppoll, Lewis \.
WOLF NJ uorrnholm aud J w Para,
more, The bidding IN opposition to tho
committee was Tor WOeripchOftor &
co, aud others Of New York, who
hold SEQ, 500 10 OF The Interest coupons
detached from irst mortgage bonds, aud
duo September /, 1858, They bought the
coupons To- help thu rund through itn
time ~ embarrassment, but soon after.
ward the rond was placed In the hands ct
u receiver In order 10 compel the pny.
lnenl OF those cuappua the representa-.
tive OF tho holders bid against Tho com.
mlltUo, that tho price paid by The lhtler
might bu sufficient 10 cover the coupons.
Had the committee retired aud suffered
the master to knock down the road 90
Wonrlachnifor s Cote representative hn
would have been IN tho WOrat muddle OF
his life Az II was, though, there was
no danger " the committee ratir.
| Ing untll they had bid 9i8,0B7,-
$780, tho sum total OF the cash
requirement, tlrat mortgage aud income
bonds The cash requirement was SSH,
llH,ROi the amount necessary 10 pay prior
ll0nf, expenses OF the receiver certificates
aud eourt.ooata Tho hrstsmortgapt
bonds with coupons due, aud interest
from date OF Judgment 10 date of sale,
amomta TO sG,bia, dsa.0g, and The IN
come bonds TO a6,0b0,000. Mr. Smith
paid 20 Master Shields, after the sale,
100000, tho amount required by the de-
ofrc TO ho paid an earnest diving corll.
he'd check on thr Third National bank,
which was received ~ money al the ~
Louis National bank, the appointed de-
poeltory, Master Shields win 10 to New
YORK md There begin payments in The
order specified IN The decree
IN thla sale sh,G00,000 income bonds
an equal amount OF stock, aud mass oi
general unsecured Judgments are wiped
out