The Wichita daily eagle., 1896-07-26
RAILWAYS ARE SOLD
ENTIRE LINE OF 9HE NORTHERN
PACIFIC Dis P0sE0 0F.

sin, Knocks Down The Great System 60
Edwin W. Winter. for the Northern
Pacific Company, Reorgzuized-Two
Formal Protests sEntered-Branch Lines
and Leases and Lands of the Company
Disposed Of in Other Parcels-saIes of
Other Roads.
West Superior, Wis, July Especial
Master Alfred E Carey this morning at
Superior, Wis, sold the entire line OF
the Northern Pacific Railroad company,
Its bonds, leases, stocks and branch line,
under the decree Of Judge Jenkins. of
The United States federal court The
sale was interrupted by but two formal
notifications and the road was bid in by
Edward W. Winter, for the Northern
Pacific as re-orgarized, on behalf of tha.
corporation. The prominent railroad
men OF this line and representatives
81 the bondholders arrived this morn
ng on a special train. OF the party
were Edward w Winter, president OF
The re-organized Northern Pacific rail-
way: Chalrss H Coster OF New York Of
she firm Of J. Peirpont Morgan & Co.,
the reorganization Manager; Ed Adams
of New York, chairman Of the re-organi
ration committe; Special Master Alfred
e. Carey, who conducted the sale; Fran
cis l. Stetson and Victor Morawetz Of
New York, counsel for tn re-organiza-
ton managers; William Cromwell Of
New York, counsel for the re-organiza-
lion company: Herhrt L. Turner of New
York. counsel for the Farmers Loan
md Trust company, confplainants in the
foreclosure suits; Silas w Petit, of Phil
adelphia, counsel for the old Northern
Pacific company; General Manager Ken
drtck, Secretary George W. Gardiner,
and Land Commissioner William Phil
lips Of the Northern Pacific and Receiv-
er Michey Of St Paul
FORMAL PROTESTS.
Special Master Carey announced tina.
the sale was ready to proceed, when
Gneral Counsel NJ D. Grover for the
Great Northern, entered a formal notice |
to preserve his nights. He notified
prospective purchasers that they would |
be held liable for the leased ST. Paul |
and Manitoba tracks. which the Nor 1
thern Pacific uses between st. Paul and |
Minneapolis. and for the carrying opt |
OF that contract. After him Charles /
Chatting of this city gave notice that |
the purchasers would be held subject to |
the contract made with the ST. Paul and |
Tacoma Lumber company. by which
the latter purchased 5000 acres of land
In Pierce county, Washington, and has
the right to have it transported to Ia
coma.
Special Master Carey then read the de-
cree Of sale. He offerd for sale the
first part, consisting Of the main line,
running between Lake Superior and
Portland. Oregon, and all the appurten-
ances end property. He also included
in the first parcel all property tn which
she road had acquired title and asked
for sails.
ONLY THE ONE BID.
Edwin w. Winter, for the Northern
Pacific company. hid the least that could
be offered. SO 0o0. 900. Master Carey then
asked II anyone else in the crowd desir-
- to bid on the road. Receiving no re-
sponse he declard the road sold to Mr..
Writer. for the Northern Pacific Rail-
Dad company. and received the receipt
IF the Farmers Loan and Trust COM
Dany, showing that the bonds necessary
10 bind the bid were in their possession.
The second parcel, containing the
sticks and bonds of Branch lines held
1nder the consolidated mortgage. were
then offered and. as before. Edwin w.
Writer bid for the Northern Pacific
road and offered 81, 2,0oO, coo, at which it
Vas sold
The third parcel. which contained con
tracts of branch lines and leases, was .
hen offered and s500.0o0 was bid by Mr..
Winter, who got IT without opposition.
SALES OF LANDS.
At noon. at the door Of the county, |.
NoqIrt house was then offered the COM :
2anies lands in the state of Wisconsin.
n three parcels The first contained
,hirty-one patented sections in town
'hip 4S. raree 15 west, and President
Winter bid 800 fer one section. with
he option Of taking the remainder. He
rot II and exercised his option, deposit
Nc thu certificate Of the guarantee. All
'atented lands in Wisconsin not includ-
IN The FIST ~ ere offere, and sold ,
o the Northern Pacific's representatives
or 81. 900.
In the third and final parcel was all
ands in Wisconsin prarted the North
m Pacific railway by congress to aid
t in building and equipping its line. to
which the road is entitled to patents.
'ut upon which they have not been is
ued.
Mr.. Winters bid of 5000 was the
argest offered and the sale in Wiscon-
in was closed.
The special train proceeded from here
cSt an1 the spec master expects 10
Urn over the road to the purchasers
n September l. =
TWO OTHER ROADS SOLD.
Duluth. Wis. July 25-T1he Duluth
I'd Winnigep road was sold here today
O the reorganization committee repre-
snt'ng the Canadian Pacific road for
is bid Of s2,574.717 The road will
orTu part Of the anadian Pacific sys-
I'm and VIII be extended TO the west.
Louisville. KY, July 25.-By order OF
he court the Chesapeake. Ohio and .
outhwestern railway was today sold
nder the hammer. The upset price of
600 wc,s bid by General Manager
T. Harden OF the Illinois Central,
he road will become a part of the lat
ar system. il is 49s miles in length.
HIATT HELD FOR MURDER
I'll, fS