The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-01-05
A RAILROAD AT AUCTION
THE WACO AND NORTHWESTERN
KNOCKED OFF YESTERDAY.
Purchased By the Texas Midland For
$3.50, 900 and Will Become Part of
That Road-George Clark
Filler q Protest.
Special to The Statesman.

Special to The Statesman.
/ WACO, Tex, Dec. 2S.-The Waco
and Northwestern railroad was sold
under decree of foreclosure at noon
today Mr.. E. H. r. Green, president
of the Texas Midland railroad, for
81 $1,000. The sale was held at the
front door of the postoffice aud large
crowd was present, almost blocking
the street. Mr.. G. Dart, special COM
missioner to sell the road, began read
ing the published notice of sale at ex-
actly II o'clock. General Manager
j. w. KruttsLhnitt of the
southern Pacific; E. H. r.
Green, president of the Texas Mid
land, l.. Harrison of New Haven,
Conn.,, representing the Chicago bid
ders, and VIM. 7. Gold were crowded
around the special committee. The
selling of railroad is not an every
day occurrence and excited such in
terest that perfect jam existed at the
postot1ice door.
After reading the notice of sale Hon
George Clark presented notice of
claim in behalf Of the stockholders OF
the company, claiming title to the
land granted by the state to the COM
pany.
The following is the notice:
To Whom it May Concern:
The stockholders of the Waco and
Northwestern Railway company, in
GLIDING the city of Waco, through
their accredited representatives
hereby give public and formal notice
before sale by c. DAFT, special master,
that they (the stockholders) are the
legal and equitable owners of all the
lands granted by the state of Texas to
said railway company, including the
laud proposed to be now sold, which
ownership they (said stockholders)
intend to assert in the courts
of the country and that none
of the said lands belonging, neither at
law or in equity, to the Houston and
Texas Central Railway company. All
persons and especially such as may
contemplate purchasing said lands at
the present sale, are notified that no
title in said lands will pass by said
sale to any purchaser and that suit
will be entered at once against any
purchaser or his vendee or assignee
by said stockholders of the Waco and
Northwestern Railway company
their accre lifted representatives.
GEORGE CLARK,
Atty for Stockholders of w. & n.
w. Ry. Co.
The terms of the sale required a
certified check for $25, 900 to be depos4
tied by each bidder, and the four gen.
tlemen above mentioned duly COM
piled with the order. A notice OF
judgment against the defendants in
the District court of McLennan coun-
ty in behalf of 7. M. Shirley aod
others was also presented, after which
Commissioner Dart called fol bids.
General Manager Kruttschnitt
starting the bidding, offering $54O, 900,
Green bid $550,000, Harrison 1915, 900,
Green $780, 900 and Gold 100000. Of
fers came quickly and the figures
mounted upward speadily to the bid
of 81 ,375, 900 by Mr.. Green at which
he became the purchaser.
The large crowd yelled SCREEN
Green. Speech, Speech" but Mr..
Green modestly withdrew, saying
that his offer $1,375,00O was the best
speech he could make. He was con-
graduated by number of friends.
The Indebtedness held by Mrs. Net
tie Green against the road amounts to
$l,731, 900.