The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-04-04


cred ae the west side Of the county build
ing yesterday morning at 10 O'Clock. being
drawn there by the magnitude Of the 10.
terest In the sale Of a property which In
ordinary times would be worth from three
to four hundred Thousand dollars, and
which was appraised at sl6O. 900 as a cash
value under the present existing depress-
ion. There were several in the crowd who
had more than passing personal interest.
among whom Was DR.. w. S. Wood, the
president of the National Bank of Com
merce of Kansas City, Cashier Switscable.
and the banks attorney Mr.. Robins.
The president and secretary of the Wichita
Board of Trade were also there. Messrs
Hamilton and Kenne't, former managers
of the Whitaker Packing company, and
Dir. George Dold of the other packing
house We're there also.
AT the hour of sale W. f. Stanley, Esq,
of the firm of Stanley & Hume. attorneys
for Receiver Levy. called the attention of
bidders and o hers by reading the notice of
sale ordered by the district court of
Sedgwick county. which was issued to
Mr.. Levy Nov. %, directing him TO offer at
public auction and vendue. on the 81 OF
April, at 10 o'clock, the following prop
eriy, viz:
''The north half of the southwest quar-
ter of the southwest quarter of section
four ~, township twenty-seven ga, range
one % east OF the sixth principal meridian;
except tract fifty (50) feet in width off
the west side thereof, together with all the
buildings, fix ures, appurtenances and ap-
pliai.ces thereto affixed and connected.
Said property will be sold for cash in hand
to the highest and best bidder, and said
sale TO be made subject to the approval and
confirmation of the district court Of Sedg
wick county, Kansas"
Tue terms of the sale, as Mr.. Stanley
stated ihom. were 10 per cent cash down,
unless More than $50, 900 were bid. then
5000 cash in hand, the balance on con-
hrmation of sale aud good title.
The first bid WAS by Arthur Faulkner,
the cashier of the Citizens bank, of SIS. 900.
All the other bids were made by j. j
Parks, E-q. and Mr.. Faulkner, Mr.. Parks
$50 Coz; at which figures the property was
Knocked down. Before the sale was OPEN
ell Pr sdent C!emen' s notified buyers shat
they must bid subject TO claim OF the
Wichita board OF trade of s1S2,5O0.
The property Was bought for new cor
poration of East st. Louis. organized un-
der the laws ot th- state of Illinois, of The
style and name of "Francis Whitaker &
Sons Packing company" The old firm
was "A simple company and not corpora
ton. the new company l. made up of st.
Louis capitalists who furnished the money,
OF men who have faith in the character
aud ability of Mr.. Whitaker. The com
pany WAS organized, money raised and
property bought with the sole purpose and
intention of saving the house from ruin
Gus sacrifice and to operate it again just
as soon AS the court makes good title.
This being true nothing more favorable
under the circumstances could havO
happened so far AS the city of Wichita
and her interests are concerned. There
was an apprehension, or at least
fear upon the part of the board of
trade that the packing interests aud trusts
at other points might buy up and close he
house permanently. OF that some creditor
might secure it with this expectation OF
d sposiug of IL TO some outside combine
here who knows Mr.. Whitaker
aud Managers Hamilton and Kenneth have
the utmost confidence in their homes and
good faith. Ii is believed from all that
can be learned that the new company COM
mauds all the capital necess try To run the
plant up 10 its capacity, aud if there is
money anywhere in the packing business
it ought TO DE made here. Money has been
made here and viii be again. With a fair
or anywhere near u decent differentiai rate
on the outgoing product, packers at Wich-
ita, being at the very base of supply, hold
Tie cueS any pdChcT ohdud,
sas City or Chicago. The hog is cheaper
and in better condition at Wichita than at
the end of a long shipment,
II is unnecessary for the EAGLE to say
that the people, that the business Interests,
OF Wichita are we'll pleased with the way
the receivership OF this great Industry ter
minated. 1t is more satisfactory than
though some big Chicago packing concern
sd Ell her bought or leased, for in such an
event the plant would have BEEN operated
as the tail end or in the interest largely OF "A
remole point. And il is not out of the way,
now, TO say, that at least two of the biggest
packers of Chicago had ascertaiued the
capacity, value anu advantages ETC., of the
Whitaker plant with an iies of getting
hold of il prob IDLY At some future time
For whom did j. j. Parks bid? That
Was "A question that every body asked, and
nobody could answer. and Mr.. Parks would
not.
Mr.. Parks was interviewed yesterday
regarding the Whitaker purchase, but
declined to make any disclosure a. To Who
be represented in his bid. He said, bow
ever, that a syndicate had been purposely
formed for the purchase of the Whitaker
plant and had the Cash on hand with which
To close the deal could 1t have been secured
at their figures.
Personally" said Mr.. Parks, ~ would
be glad TO give you the desired informa-
ton. but at the request of the corporation
which / represent am obliged to with hold
il from the public tor the present.
SIX FEARS POISON.