The evening world., 1894-07-31
ARONSCyS GET IT.
The Casino Sold at Auction to
Lawyer Samuel Untermeyer.
He Repres mis- the Stockholders
Reorganization Committee.
The Price Paid Was 500, 200 Too
High for Canary 4 Lrdcrcr.

The Casino lease was sold at auction
at noon to-day I'm tn" Rcil-Estatu EN-
change, III broadway. ana was hii Ia
for 500 200 10y Attorney Samuel tnt,r-
meyer, representing a majority of the
stockholders, dubbed together undo" ia"
title of the Committee Of RrOrg tujal-
ton.
To the popular mind the significant
feature OF the sale is that II returns the
Casino to the management of the Nrun-
sons, who Were SO LONG Identified with 1T.
\ Nve.y fight wts expected ana III"
participants and spectators got il There
probably was not a normal pulse in the
whole of the crowd packed about the
auctionccr's pulpit, as the hids. went
bounding upward 10y the hundreds aud
thousands at a stride.
Tie two factions were there in force.
William Frank Han. President Of the
Casino club, with Rudolph and Albert
Aronson. stood at one side. Mr.. Tn Ter
meyer, their counsel, pushed forward to
Srear, who stood by the auclionerr.
ON the other side Were group II Me .rs.
i;ederer and Canary, the present lesspcs,
some friends. Not a word or a glance
was exchanged between the rivals
lnheraided and unexpected the new
factors were introduced into the SiruE-
gle. Austin Corbn. who IL one of the
Casino boudholders, tried to take up
the lease through Charles NJ. Reynolds
Mr.. Reynolds dropped out at $4,000.
In far corner stood a well-drcsSed
young man unknown to al, who added
to the bidding steadily uhtil $4,000 was
reached. when he retired. He told an
Evening World" reporter that ne was
7. j. Fielder, Of Atlanta, Ga. stopping
at the San, Reno Hotel in this city. Mi.
Fielder said that he represented himself,
and wanted the Casino as II spcCuh ion
AS nearly as the very much involved
affairs of the Casino can he explained in
brief, the circumstances of the sale are
these: The Lease. which runs until May,
1902, was sold under mortgage of Sos
900, held for the part by ,hr stock and
bond holders of the Company.
here Is Il yearly ground rent of &200
and taxes and insurance of $4,000 more
annually. There is debt, chiefly in ar
rears of taxes, amounting to $4,000. All
these obligations the lessees assume
The m. jOrity of the stockholders who
bought in the lease had guaranteed Will
lam Frank Hall, the President of the
atre from Nov. 20 next Mr.. Hall and
the Aronsons are Interested together
hat Is the situation.
The fun began with protest from
Lawyer Bamberger against the terms
Cf the sale. He declared that the sale
should be made under the lease to Can
AIRY d Lederer, and not under the lease
to Hall He said that he represented
the present lessees and certain bond
holders.
Mr.. Untermeyer retorted that he didn't
believe that Lawyer Bamhergtr rep
resented any bondholder. The referee
said that tn sale would 20 on, and i
anybody was injured he would be righted
The bidding was chiefly a rafting
fire between Bamberger and Inter.
never. When the former shouted gu
$4,000. untermeyer pretended that the
bid was made without adequate guar
antee of its security, and sarcas;lca,B
remarked that Mr.. Bamberger's posi-
tion was equivOcal in first hearing the
sale and then rushing the bidding"
The sale went on, however, and wheI
Mr.. tntermeyer at last bid $4,000. Mr.
have It," and then, changing hs mind
said, "Offer hundred more"
The bid was made, ana Mr.. Inter
meyer promptly put up the winning fig
ure of $50. 200.
, Mr.. tntermeyer said that. while tn,
figure was a little more than he expect
ed, he had been authorized to go up t,
$40. 600.