The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-02-05
TO GET PERFECT TITLES.
THOMAS AND RYAN BUT ALL OF
THE PROPERTY OFFERED.

II There Was Any Doubt About Its
Being Covered by the Mortgage IL
f. Now Removed-A Claim That the
Advertisement Was Not Specific.
Other sales in Atlanta To-day.
There were>some interesting sales at the
court house yesterday. Especial interest
was taken in the sales of the overflow
property Of the Central railroad made by
Master Commissioner w. Il. Leaken, VINO
eniivened things somewhat with rev
Offers Of property upon which there was
some spirited bidding. though il went in
the end into the same till. and Messrs
Thomas and Ryan became the owners.
The property was sold subject 10 several
claims. A claim was filed by Mr.. Frank
II. Miller Of Augusta in behalf Of the Au-
ellsta and Savannah railroad for certain
OF the property in Richmond county but
the most important claim filed was that
of the Mercantile Trust Company, which
claimed all of the property under the mort
gage under which the Central railroad was
sold.
The sale was in effect simply 10 perfect
the titles 10 the property offered. To pre-
vent there being any question as TO its
title In case there was any ground for the
claim under the mortgage on the Central
Messrs. Thomas and Ryan bought il under
the decree of court of Oct. -, by which
they secure a perfect title, and now it
cannot be levied on under any judgments
that may be held against the Central Rail-
road and Banking Company. II there was
any doubt about the property being sold
under the mortgage on the Central, there
was no doubt about its being sold under
a.
shadow whatever is left on the title.
The entire property sold brought ST.
63D62lb, and every piece of il was bid in
by Messrs. Thomas and Ryan. Other
parties, however, bid on certain parcels
of the property, but in every case they
were outbid and the property was finally
knocked down to those who had pur-
chased the rest of the Central. Inc Ilrst
piece of property sold was about half an
acre in the town OF Waynesboro, whlcn
was started at $50 by Mr.. r. G. Daniels OF
Milen, and which went up 50 at time
until II was knocked down TO Messfs.
Thomas and Ryan at $50. Messrs. Thorn
as and Ryan were represented al the
sale by Capt. II. c. Cunningham. a tract
200 feet square in Burke county sold for
so, sand seven acres sold for 81 an acre
The claim Of the Augusta and SaVan-
nah railroad appeared to trlghten the
outside bidders on the Richmond county
property. Capt. Cunningham bid in for
Messrs. Thomas and Ryan l4.2l acres Tor
$50, a quarter of an acre in the city OF Au-
RuSta Tor SlOV, 20 acres III AuAh6Ld AtL
500. 139 acres in Augusta for 500, and
about half an acre near Augusta FOR 800
In Efiingham county 4l.l5 acres were
bid in at 81 an acre while another tract
run up by Mr.. $. X. Platshek until
Messrs. Thomas and Ryan had TO pay
$l0.2 an acre to get it,
lot of fifteen acres in Burke ana
Screven counties brought out some spirit
ed bidding between Mr.. r, G. Daniels or
Millen and Mr.. Cunningham. II was
4 Z m nlarg "a ri
was knocked down to Messrs. ThOmas ana
Ryan at $ll5 per acre.
A tract of forty acres IN washington
county, near the Oconee river was BID
in at 81 an acre.
The rice plantation in Mcintosh county
known as Champney's Island, consisting
of 9S7 acres and a lot of live stock, tools
and implements, was started by capt
Cunningham at $1,000. This Is one OF the
largest and best rice plantations on the
coast Mr.. w. G.. Morrell bid $1,000, ana
the bids ran up $500 at a clip, until II
was finally knocked down TO Messrs
Thomas and Ryan at $500
The sale of the Savannah real estate
was most interesting. An undivided in
terest, represented by the proportion about
which bears to II, in two lots on CASTOR
street, with Improvements, was started
at $1,000 Mr.. lie Roy Myers was inter
ested in this property to the extent that
he ran il up to nearly A,lOO. at which hg-
ure 1t was bought in by the purchasers.
The next property sold was the Central
Railroad Bank building and property on
u
Capt. Henry Blum started the bidding at
$780, and ran it up in competition with
Capt Cunningham to Sl4,yy9, when the
latter bid $1,000, and secured IL for Messrs
Thomas and Ryan. ~rhe bank property
was on the same basis with all the other
overflow property, there being question
as 10 whether it was covered by the mort
gage. Its title is perfected by the sale,
and it will be used, as heretofore, for the
office of the president of the Central rail-
road and the offices OF the ocean steam
ship Company, which have been located
there now for several months.
A lot 100 by $50 feet on New street was
started al 500 by Mr.. Guilmartin, and
finally bought in by the purchasers for
$500.
post, was sold at $3.50 per acre, and
tract of 20 acres near the same place,
for 81 an acre. Another tract of 40 acres,
a part of Biscuit Hill, was bid in for 81
Then followed the sale of the personal
assets of the banking department A note
of the Savannah Hotel Company, on
which a balance of S5,156d is due, with
interest at per cent. from Oct g 1895,
was started by Capt. Blum at 5000. and
was bid in by Messrs. Thomas and Ryan
for $500 A judgment against Maj a L.
Hartridge, amounting TO about $3.50 600,
principal and interest, was started at
s., 499 by Capt, Blum, and was bid in at
$500. This judgment is secured by con-
siderable collateral, which, however, does
not cover the total amount.
Capt Henry Blum started a note of
Charles Green's Son & Co. for $1,000, with
interest, at five cents, the note being Sc
cured by twenty shares of the capital
stock of the Central Railroad and Bank
ing Company. This note, by little spir-
tied bidding, was run up to 500, at when
figure il was knocked down to Afessrs
Thomas and Ryan. Another note of the
same parties for 1920, with interest, upon
which there was no security, was bid in
for Messrs. Thomas and Ryan for % cents
there being no competition.
There was considerable bidding on a
note of Reppard & Co. for $34 370.2l, Sc
cured by 532 shares of the Reppa-d Iron
Company. 1t was started at $4,000 and
run up by ex-MayOr J. J. McDonough al
most 10 $4,000, at which figure it was
knocked down to the purchasers.
A judgement against Gazaway Hart
ridge, upon which there is due S911. 0S with
interest, was bid in without competition
for $50. A draft of S. Brosius on Nichol-
son & Co. dated Feb. 10, 1892, for S772l,
was bought in for s., as was also the ball
ance due by the Bank of New Hanover
of Wilmington, amounting to Sl00.2
The property sold under section 10 of
the advertisement was put down as all
the right and title of the Central Railroad
and Banking Company ia and to certain
unpaid accounts due the railroad for rent
of lands, and other things of value The
FIRST bid on this property was Sl00 and
Mr.. w. L. Gignilliat ran it up to $50. at
HN