The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-03-20
AN OAKLAND ROAD
SOLD At AUCTION.
The CONSOLIDATED PIEDMONT Is
BOUGHT In BY BANKER
BISHOP.
SUIT OF A BRIDGE VICTIM
"A SPECIAL ELECTION MAYBE Hem
TO DECIDE WHO Is THE
COUNCILMAN.

An extended street railroad system was
SOLD by auction yesterday in front of the
courthouse, in Oakland. The railroad
was the Consolidated Piedmont, and the
aucuoneer was Commissioner Ira Bishop.
The purchaser was Charles R. Bishop, vice
president of the Bank of California, and
the price paid was $50. 600.
Among the capitalists present were:
John Yule, Charles r. Bishop S. c. Bige-
low, president of the Savings and Loan
Association; John L. Howard, John Nor
ris, Montgomery Howe, e. A. Heron, ]. H.
Brewer, L. C. Sessions, E. P. Vandercook.
Frank Woodward, Attorney Eells, E. J..
Pringle, George E. de Cola, George w.
Reed, J. B. Richardson, Henry Squires. NJ.
L. Holcomb, w. J. Dingee and w. F.
Boardman.
Commissioner Bishop stepped forward
into the crowd at the hour of noon and
opened proceedings by saying: How
much am | bid for this road, gentlemen p"
Then came an awkward silence of a few
minutes and the auctioneer added: "Ain't
II worth anything? Don't hear bid?"
Then c. Z. Bishop, who holds 500 900 of
the company's bonds, said:
II bid $50 COO"
The auctioneer tried hard to get a raise
on the bid, assuring the crowd that the
road cost more than that amount: but no
one present cared 10 invest in cable roads.
The third and last call was made and Mr.
Bishop got the road.
The Piedmont road was completed few
years ago at a cost which made it possible
to bond the line for 81, goo, COO The prom
erty was considered such good one that
these bonds found plenty of purchasers
in due time came competition and the
n to r1oI ~.
many bond-holders lost all they had put
into the concern.
Ever since the road began going down
hill 1t has gone rapidly, and lawsuits
against 1t have multiplied to such an ex-
tent that it is doubtful if it will ever be
free-from litigation.
Among other liabilities was that of the
California Title Insurance ard Trust Com
pany, as trustee, which corporation held
the bonds OF the road This company OBJ
tanned judgment for S1,050, 1877 80. 1t was
under this Judgment and decree that the
road was sold Yesterday.
Since the Judgment was obtained the
road has been in the hands of receiver,
and besides its many other debts il has
run behind IN the receiver hands some
thing like $4,000 for which amount re-
ceIVer's certificates have been issued.
There has also been an order issued requir-
ing the receiver to hold out $25 900 subject
10 the determination of suit by Margaret
Wallace, now pending. The receiver has
also been ordered to pay deposits by EN-
pioyeS amounting to $1,000. As only $50, 900
was received for the road, there will be
deficiency judgment of something like
$96S, 1877 33 on the face of the mortgage.
Yesterday afternoon after the sale two
additional attachments were levied on the
property. One by. A. A. Black for 10000
and the other by Samuel Howe, Martin
Howe and Phoebe Blair for SIS $40.
Want Fifty Thousand.
Mrs. Lucille Simmond and A. G. Cur
nett, guardians OF the seven minor chill
dren OF the late A. G. Simmond, who was
killed in the Webster-street bridge acct
dent on the I'd of October, 1894, have
brought suit against the Southern Pacific
and South Pacific Coast Railway COM
panies for $780, coo damages.
An effort was made to compromise this
case, but the offer OF the company was con-
sidered too small and the case will be
given TO = jury.
VIII Draw Half Pay.
At recent meeting of the Board of
Education superintendent McClymond
called the attention OF the board TO the fact
that there is likely 10 be deficiency of
nearly $1,000 in the school fund at the close
o. the hscal year.
After some argument it was decided to
hold back one-balf OF the teachers salaries
iOr the month Of June and to pay them in
jul when the State apportionment of
school money is made next August.
The Case Compromised.
IN the case OF Margaret Wallace against
the Piedmont Gable Company for $25, 900
damages, alleged to have been sustained in
an accident on the road, a settlement was
effected yesterday by the defendant paying
Mrs. Wallace $1,000 and half the costs of
suit.
Wrecked His House.
Three hundred dollars was the price paid
by the Giant Powder Company to Carl
Paschold To compromise his suit for $1760
brought 10 recover damages for the de-
struction of his house in Berkeley by the
explosion at the powder works in July, 1892.
VIII Take a Special Election.
In the Heitmann-kayser contest for the
Office of Councilman-at-Large City Attor-
ney Johnson has given his opinion that in
order to decide who was really the peoples
choice it will be necessary to call a special
election.
Asked for Special Letters.
Special letters of administration on the
estate of Lady Yarde- Butler have been
asked for by Attorney George Z. de Cola
on behalf of Public Administrator Knight.
Crowded Houses.
Hoyt's ga Temperance Town" at the
Macdonough has drawn splendid houses
both Monday and Tuesday nights, and the
play promises TO be just as taking for to-
night. This is the last performance.
ALAMEDA.
I. =, ~. l..