The evening world., 1894-07-31
ARONSO Us GET IT.
The Casino Sold at Auction to
Lawyer Samuel Untermeyer,
He Represents the Stockholders
Reorganization Committee.
Tho Price Paid Was $50, 2OO-Too
High for Canary & Ledercr.

The Casino lease was sold at auction
at noon to-day In the Real-Estate Tx
change, Ill Broadway, and was bid in
for O,2oo by Attorney Samuel Inter
meyer, representing "a majority Of the
Stockholders. dubbed together under the
title of the Committee Of Reorganiza-
ton.
To the popular mind the significant
feature of the sale is that 1t returns the
Casino to the management OF the Aron-
sons, who were SO long identified with it
\ Lively fight was expected and the
participants and spectators got II. There
probably was not normal pulse In the
auctioneer's pulpit, as the bids went
thousands at stride.
VIII, TIE two factions were there in force:
Casino Club, with Rudolph and Albert
Aronson. stood at one side. MIR. Under
meyer; their counsel, pushed forward to
sresr who stood BY th Under
On the other side were grouped Messrs.
l,ederer and Canary, the present lessees.
their attorney. Ira Leo Bamberger, and
was exchanged between the rivals.
Unheralded and unexpected the new
factors were introduced into the strug-
Casino bondholders, tried to take up
the lease through Charles NJ. Reynolds,
an officer Of the Long Island Railroad.
Mr. Reynolds dropped out at $4,000
In far corner stood wel-dressed
young man unknown to all. who added
to the bidding steadily, until $4,000 was
reached. when. he retired. He told an
Evening, World" reporter that ne was
r. J. Fielder. of Atlanta. Ga, stopping
at the San Reno Hotel in this city. Mr..
Fielder said that he represented himself,
and wanted the Casino as a specula tion.
As nearly as the very much involved
affairs of the Casino can be explained in
brief. the circumstances Of the sale arc
these: The lease which runs until MAY,
1902. was sold under a mortgage of sos,
900, held for the part by the stock and
bond holders of the Company.
here is "A yearly ground rent OF 81, 600
and taxes and insurance of $1,000 more
annually. There is debt chiefly IN ar
rears Of taxes, amounting to $4,000. All
! these obligations the lessees assume.
! The majority of the stockholders who
bought in the lease had guaranteed VIII
/ lam Frank Hall, the President of the
! Casino club, years control of the the,
atre from Nov. 20 next. Mr.. Hall and
! hat Is the situation.
The fun began with protest from
Lawyer Hamburger against the terms
should be made under the lease to Can
AIRY & Ledercr. and not under the lease
to Hall. He said that he represented
!ne present ieSseeS ana certain pohu'
holders.
Mr.. Untermeyer retorted that he didn't
| believe that Lawyer Hamburger rep
resented any bondholder. The referee
said that tn sale would 20 on, and II
anybody was injured he would be righted
The bidding was chiefly a rafting
fire between Bambercer and Inter
| meyer When the former shouted Jut
$4,000 Untermeyer pretended that the
bid was made without adequate guar.
antee of it's security. and sarcastica!ly
remarked that Mr. Bambergers posi-
ton was equivocal In first hearing the
sale and then rushing the bidding
The sale went on. however, and wher
Mr.. tntermeyer at last bid $50, 600, MIR
| Canary said to Bamberger. Let them
have it." and then, changing hs mind
said, offer hundred more"
The bid was made. and Mr. Inter
meyer promptly put up the winning Zig
ure of $4,000
Mr.. Untermeyer said that, while the
figure was little more than he expect
ed. he had been authorized to go up &c
$50 90.