The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-12-14
POINT FOR BIDDERS.
Vice Chancellor Says Mrs.
Sullivan Must Complete the
Purchase Of Property.

A case before Vice-Chancellor Pitney
this morning in Chancery chambers
brought cut a point which bidders Of pro-
perty at public auction would do well to
remember.
Some weeks ago an order from the
Court of Chancery directed Special Mas
ter G.. Van Horne to sell on partition pro-
ceeding a house on Eleventh etreet, Jer-
sey City. belonging to the Rooney estate.
Mr.. Van Horne's ~anctioneer was Mr..
James Cannon, who after advertising the
sale put it up for auction. After reading
the conditions of sale and before calling
for bids he informed the people present
that there was a mortgage or 1850 on the
house; but he was not quite sure whether
the holder Of that encumbrance would
permit it to lie. Anyncws said Mr.. Gam
non, the property is SO advantageous and
any institution in Jersey CITY would adj
vance, he thought, 50 er 60 per cent. on
mortgage to the possessor of tine pro-
perty.
Now among the people who bid was a
buxom, good-looking lady, one Miss Julia
Sullivan, who somehow got it into her
head that the a~uetionser said the money
could be procured without any trouble.
and so she bid $1,125 over and above the
mortgage, making the purchase $z625. sac
signed the agreement and promised TO
pay the 10 per cent. on the bid the q fol-
lowing. She neglected TO do this and fill-
ally told MIR. Van Horne that she couldn't
raise the money and wished to Withdraw.
but the Master told her ne world mold
her to the conditions OF sale Wn-ch she
signed, and instructed Lawyer 10
BRING suit to compel Miss sullivan 10 ccn-
piete the purchase
Senator w. D. Daily Tor Mss Sullivan,
this morning when the case was heard.
argued that Auct.orssr Cannon n mat
ing the statement about the rsislng Of
funds from the banks. exceeded the dusy
The auctioneer should enly, the Senator
commended, nave read the conditions ara
not have sad anything about the puIes
chaser being aDle to secure a lean from
the banks. The words missed Mss Suil-
van. who didn't recognize the nice dis
tinctton between thinking a ching coulS
be done and the thing actually dsne, ard
The Senator was defining the word
patiently interrupted
@Now, Senator, it's no use your trying
to change my min as to the fact, T.
IT beg your honor's pardon said thu
Senator, with a deprecating wave OF thu
hand. II wouldn't undertake to do that
II mean only as to the fact sharply
said Mr., Pitney, whiriing his gavei like
Your honor replied the Senator bow
| ing politely and smiling, II Wouldn't waste
time in trying to change your mind either
as to the fact or TO laWz "A smile crept
| over the lawyers faces at the reply, and
the yice-Chancellor himself good natured-
1y smiled at the sally.
Notw outstanding the Senator's c~leverly
framed argument. the Vice-Chanceilof
| gave his decree against Miss Sullivan.
and held that 1t was proper fer Mr.. Can
non to make the statement Of the mort
gage and the observation about the pro-
curing Of the loan. That was merely an
opinion, and the trouble was that Miss
| Sullivan should have had counsel with
her at the sale to advise her. She must
take the property.
1t appeared that after Miss Sullivan re-
fused to complete the sale she transferred
a lot which she owned on Twelfth street
to her mother for one dollar. Senator
DAILY will appeal the decision.