St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-11
UNDER The HAMMER.
Minneapolis g. st. Louis Rail-
road to Be Sold To-
day.
Buckley IS NOT DEAD.
He Telegraphs That He Is
Much Alive and Not Even
Sick.
FLOUR CITY POLITICS.
Scallen and Baxter Endorsed
THE Baptists--Kort-
guards Trial.
DUR CITY POLITICS.

There will be big railroad sale this
morning. 1t will occur at the court
house and Sheriff Eye is to be the sales
man. The Minneapolis & st. Louis
| road, with its franchises, real and per.
| sonal property. rolling stock, road bed,
agreements and everything that belongs
| to it will be sold to the highest bidder.
The sale will occur at the front door
Of the court house in the same way that
| 10X9 lot on SiXty-third street and
| some unheard of avenue would be sold
under mortgage foreclosure, with the
| exception that little more Interest is
likely to be taken by the general public
before the road is disposed of.
Present indications point to war of
bids. The Rock Island officials arrived
in the city Yesterday at noon, and dur
ing the afternoon they looked over the
property of the corporation, took into
account the books and condition of
affairs. and considered the situation
generally. They were very careful,
however, not even to let slip the slight
est word regarding their intentions.
The party consisted of r: r: Cable,
president OF the Rock Island d Pacific;
| A. Kmball. of Davenport: c. j. Ives, of
Cedar Rapids; Ii. F. White, Cedar
Rapids, To-; Robert Williams. Cedar
| Rapids, 10.
These gentlemen are all high
| officials OF the Rock Island IL Pacific,
| and although they gave out the inform
| alton that they were here to look out
| for their bond interests, 1t is scarcely
| probable that the presence of SO many
persons was required in the city for
this one thing. 1t was stated last night
that, although they had been keeping
pretty quiet. ths Rock Island officials
have been arranging to pay as high
price as the holders of the bonds can
before they will let the Minneapolis Il
ST. Louis road slip through their flu
| gers. The officials and stockholders are
ambitious to increase the scope of the
| Rock Island system. There is no doubt
! of that, and with the expiration of pres
ent agreements and the sale of the road.
r. K. Cable and his stockholders may
find that they have no Twin City con-
nections whatever, hence their increaS-
| ing interest.
The foreign stockholders of the NJ. &
St: L. road arrived in the city yesterday
| afternoon. too. William Strauss, to-
eether with Edward s. lsham. of
| Chicago. were both at the West hotel
last night. Accompanying Mr.. Isham
was Adrian Ii. Jollne, d so of Chicago,
who has not heretofore figured in the
affairs of the NJ. Il ST. l.. to any great
extent.
| No Illinois Central representative was
| discovered in Minneapolis last night,
but it is believed that one will be on the
ground to watch affairs. and although
the officials of the latter have announced
that they do not intend to be among the
hi lxI, -
| little engineering if the old Minneapolis
to secure the much-c0veted Minneapolis
and st. Paul connection.
The sale this morning will occur
promptly at 10 O'clock at the court
| house. Sheriff Eye was DESTROYS last
evening of going out through the
| county on campaign tour in the inter-
eSts of the Republican party and several
| OF his friends. but finally was forced to
| give it up. He will personally conduct
the sale. and every point of law will be
carefully observed, SO that no litigation
can possibly result from an error in
making the sale. One or two deputies
will be on hand to assist him, but aside
from this fact, the occurrence will
scarcely be out of the ordinary.
The property to be sold is variously
estimated at anywhere from Sc, 200, 900
to SS,O00,000 in value. Included among
the list of salable articles are number
of franchises from cities and towns, for
right OF way through them. the equip
ment OF the road, several small spurs
and branches that are now leased to
other roads, including the fifteen miles
of track from Minneapolis TO White
Bear. used exclusively by the St. Paul
u Duluth; number of branches in
Southern and Western Minnesota
and Northern Iowa, leased tc
small local roads or the Rock
Island: nearly all of the stock
and The real and personal property
franchises and equipment of the MINES
sofa Transfer Railroad company: a one
half undivided interest in Lake Park
hotel; an interest IN quantity of Min
netonka and Minneapolis realty about
400 miles of road, including III miles Of
what Is known as the main line.
The total amount OF the mortgage on
the road, including the unpaid interest
and various other items, but not the eX.
pense OF sale. is 81, 1887, 7S3 10. Over hall
OF this sum, IL is understood. is held by
the Rock Island at the present time.