Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1894-01-05
SOLD TO THE BANKS
ONLY Low FIGURE RIAlIzID


dag up ths matters cosa>etsd vith Ne
fziIars u Nelsos. Matter 4 CO 80
osksn yesterday. vhsn In pursosacs a
sEs oxdsr nsds b. Jadys 6svsrsns IN
ths u1ifed states The amsts a ths
eonpxny ssrs soid ~ pobsie sncsioa-
Attorney Gsorss p Wsnsy zcssd - snc-
tionssr and tAs procssis % ne sais.
slln.ooo. vill b turned ossr 70 The
Ni<nixsn Trust company - reosivss. e
the eo1rt osohras me procssdLnSs had
aEds< M order yesterday.
The s.Is tuok place Ia ths eonpany's
retail store or Canal street. snd
49, sfsendsd by aboas 30 p>rooa<
nost q shoa we're merely spectators
Ths bidainS sss lively While Il lsssss&
bat the fnal result vzs not up % the
expsctztions q those condacting the
s4ls.
Parcel GA
Mr.. Wanty read the orders Of the
United States court Tor the conduct o.
TIA ale. thea entsrsd a oncs upoa the
sale q pareoI oua ne Lyon street fsc-
tory. ths Lyon street block O. vass-
house. lnclodinx the real estate. bald
ioSz pho<fxraph gallery. and ell ~
chinery and hxrcres In the bulldingx
o. thls property there ve Dortgngs
AID other iucumh<sacss szyregatlng
x56.03s11 IL Eas app<zissd q olo&.-
$40 whas bid Eas asksd for tho 60
tirs lot. subject to the encumbrzsicsA
Willard Bzrnhart BAD 5000. NcGeorge
Bundy s5.2Oo. Mr. B4rnhart t6.ooo. and
IL vac sold - him. subject 20 the crtiss
q the court prescribing the conditions
of the sale
Parcrs Two
This consisted q ths furniture manu-
factnrea add IN process Il mannfscturA
and materials thsrefor. the Wholesale
stock q the company. also the store and
once furniture and hxtnrsA horseA.
wzgons. ssssghs. tools and al other per-
sonA property belonging 20 tho estate
not included IN thu retail department.
There we're lisns On this and 10 We sp
pralssd a sf79.65I9o T. A. Dnvis
started IL at 5000 Mr.. Sticky said g.
80. Mr.. Davis S9Sooo sad willard
Barnhsrt 10000. the bidsiinx csaG.d
and 10 sent % Mr.. Bzrnhart subject 70
conditioa<
P.rcei Three
Tbs consisted a the coupsnys west
side Iamhsr yard- ~ Seventh street,
nearly the ectifs q block Of l. @. Ma
son ( Co.'S subdivision IL va sp-
praised st t1f.ooC and - subjsct 10 mort
gage. interest and txxes sggregzting
s6.o0T6L G. r. Sigh bid 5000. Nc
George Bundy sl,5oo Mr. Sigh el6oQ.
and took II subject 10 ,caditions
Parcel Fosr.
This Includes al the lumber 10 the
eompanys posssssiors an IL ysrdA shsc~
and near 10 factory. appraised % e4S.
-. 90. snd ffse q incumbrance& The
bi<idiag started NJ $500 By 0den
Hnzhart. and after somo time. With A.
T. Worden. r. Barnhart T. +. Harring-
ton Of this city and J. q. Scssin a Man.
istes ~ bidders. vas forced 70 e3l. CO.
which Mr.. Harrington BID. aud it wsnt
60 him suhiect 10 eonditionA
Parcel Five
This con.issei Of the Kent street ium.
Der gard. al 40 lots on Kent and Ottawa
streets. appraised az $1,000 and subject
to mortgage. interest and tsxes aggrs-
gzfing $4,000 There were no condi-
tens e % TIA. aale lit vas absolutsl 10
started Al 500. subject % incumbrances.
then by g and slO jumps after IL got 70
el.5oC. and Vas so'd 90 w. A. Anderpoa
Cor tl.s'U. the bidders beings NJ Lemon.
" W Butterheid, William &. Hopson
aud &. ID. Harrington
SOLD sa Osc I,ot.
Then Mr. VANITY. a. ordered by the
court put up parcels I. ?. and IN oue
Doe. Tor which bids zxgsegating $500
hal been offered. separately. and pro
posed the sale Of the entire subject 20
incunbrance4 The first bid vas by
Willard Barnhart at sg<s.oo. McGsorgs
Baniy oii slo5. 600 and then 10 ran up
5000 or 10000 a. a time with those
two bidisrs until Mr.. Bundy offered
sitooo0. Mr. Barnhart said that 10 was
enoagh. the SAFE Was concluded, and Me-.
Bundy Informed tks receiver that be
had made tas bid Tor the Old National.
The Grand Rapids National and the
Peoples savings bank and they would
pay the required es-h therefor
GO course. there ess mach speculation
a. 30 shat wli be done with the prop
srtY. but u - generally understood that
should The sale b. confirmed. stsps vail
- taken "a ones b start up the factory
ca q solid lasts. The proceeds Of The
sale sdded 90 other resources. would IL
applied q the eatire Indebtedness. pay
about 20 cents ca the dollar; u tie
Mortgages ere sustained. the unsecured
erssfitors si.l have % put up uifh .
total loes The hiiastioa etii goes on
sod The Caitsd states suprems court
mar yet % called upon % defsrnins
who sbali particirata Ia tas diylzlon q