Kansas City daily journal. [volume] (Kansas City, Mo.) 1892-1897, 1895-12-09
The GREAT SANTA FE SALE.
THE PROPERTY WILL BE SOLD AT TO-
PEKA TOMORROW MORNING.
Nearly s35O,OoO,ooo Reprcsented-Who
VIII Be There as Interested Parties
All in Rcadine,s- Some Other
Railroad News.

Topeka, Kas., Dec s.-jSpecial) At 10
o'clock on Tuesday morning at Topeka Will
occur the greatest auction the world has
ever known At that hour j. y. Johnson,
special master in chancery, VIII offer 10
the highest bidder for cash in hand the en-
tire system of the Atchison, Topeka & San
a Re railroad. Nothing will be reserved of
its 1000 miles of track its 200 locomotives,
it's thousands upon thousands of cars, its
buildings rights and franchises, which
considered together reach the imperial
value of $3.50 O0o,0n.
There will be no more fuss and feathers
about this sale than about the auction or
Il horse or COW. Special Master johnson
viii act as auctiOneer, and, as prelimin-
AIRY to receiving bids, he Will read the order
of sale, judgment of the court and lot OF
other legal documents which Will consume
something more than an hour There is
one feature OF this auction which Will ma
teriallv differ from the ordinary. No one
win be allowed to bid unless he has first
deposited 100000 in cash with the special
master as an evidence of good taith.
Standing about the depot while Auc-
toneer johnson is reading his preliminary
papers Will be observed "A little party OF
men who will laush and joke and conduct
themselves IN every manner as though at
tending n third of a billion auction was
quite an everyday occurrence: on the
dent of the Union Trust Company, of New
York; Wheeler II. Perkham, general coun-
sington and Charles Blood smith. local
counsel
reorGSn2sd 2sG IL santa 'e c9mpsny;D 5 b Rob
inson, first vice president; Paul Morton
third vice president; George r. Peek, gem
ora solicitor for the Chicago, Milwaukee
a. ST. Paul: Il. d. Kenna, counsel for the
receivers; Victor Morawitz, counsel for the
reorganization committee; Receivers Walk
er and McCook, ana a lot of local Santa Fe
officials whose main business at the sale
viii be the qualification of pardonable
Having finished the reading of his legal
documents, Special Master johnson Will
cles and inquire if there is any gentleman
present who feels that he needs railroad
quiry one of the members Of the reorganl-
ZatiOn board Will indicate that he has a
few dollars IN T. grip which ne is, Is CARRYING
railroads, and, there being no other bids,
Auctioneer Johnson will cry in loud
Third and last call, Are You all done?
At this the man who has bid Will open
his grip and extract from II a bundle of Sc
cUritieS which represents the tremendous
total of something Ike S2OOOOOo0, which
he viii pass to the auctioneer with the re-
mark that he thinks that's right, but
Later Judge Henry c. Caldwell will come
to Topeka for the purpose of confirming
this sale, and when he nnds everything Is
clal master to deliyer over deed, and
similar order 10 the receivers 10 deliver
over the property.
The story Of the Santa Fe railroad has
been written many times and oft. but II -
topic which 70 the average kansan is
growth and msfortunes have been without
parallel in the country's history, Its mag
nihcent enterprise In piercing new terrific
ry; its daring schemes of absorbing rivals
and connecting lines, have only been
ii wigeles out of distress like this one
which has caused a Representation.
Guthrie, O. r., Dec s.-(Special) Chief
Itg N,bn is al 4
trict Judge was brought here from Still-
water last evening on special train, and
confirm the order OF sale OF the Santa Fe
railway for that portion lying In his dis
trict This completed all legal prelimina-
ries for this territory. for the great sale to
take place next week.