The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-06-28
n. s. w. TO BE SOLD.
DEGREES Entered by Judge Golf Here Yes
terday.-!Ten Days Allowed for Pay
ment of Interest---If Not Paid Then

~N~sNN' ny uUSc uOH mere 4 tS-
terday.-Ten Days Allowed for Pay
ment of Interest---If Not Paid, Then
the Sale
The Lynchburg News yesterday said:
Judge Golf, of the United States Circuit
Court, arrived in the city yesterday after
noon at O'Clock. He was accompanied
by number of lawyers and came in a
special car from Norfolk over the Norfolk
and Western Railroad The Judge had
previously notified the clerk of the United
states Court. General Elliot, that he
would be here yesterday for the purpose
OF hearing motion for decree of sale i'm
the suits brought against the Norfolk
ana western Railroad by the Mercantile
Trust Company and the Fidelity Insur-
ance, Safe and Deposit Company. of New
York. In the party with the Judge were
Mr. Charles III. Deming, of Alexander x
Green, OF New York, reprenting'the plain
olHS; Joseph L. Doran, of New York. rep
resentlng the Norfolk and Western Rail
road, and Mr.. Morawitz, of New York.
representing the reorganization syndicate
Shortly after the arrival of the partv
Judge Golf opened court, and it did not
take very long to dispose of the business
which they had in hand In addition m
the counsel above mentioned there were
in the court room Messrs L. J. and F. {
kirkpatrick, who, with Mr. Doran repre-
sented the Norfolk and Western; Mr.. A.
W. Nowlin, of counsel for the Lynchburg
| and Durham and Mr.. Noel Gale. of New
YORK as one of the counsel for the organ
lZation syndicate.
Judge Golf entered DEGREES for the sale
| of the entire Norfolk and Western Rail-
road. There were in all three DEGREES.
TWO OF which We're in the consolidated
SUITS OF the Fidelity Insurance. Safe and
deposit Company and the Mercantile
| trust Company vs.. the Norfolk and
| Western, for the foreclosure of the hun
! dreu-year mortgage, and the Washington
ana Maryland division mortgage. and the
other IN the suit of the Mercantile Trust
| company w. the I.ynchburg and Durham
| Tor the foreclosure of mortgage. The
entire amount of the mortgages named in
the three DEGREES is something like S21. o.
| 600 900 49,
| In the case of the hundred-yea mort
| gage, the special masters, G.. Il. Bowtlen
| ana CharleS Sharp. are directed in case
the sums due are not paid within ten
days after the entering, of the decree to
sell the property involved ut the pas SEN
ger station ut Norfolk, after having adj
| Vertised 1t FOR Sin consecutive weeks, on "A
day to he fixed by them. The Washing
TON ana Maryland division, under the
/
and the Iynchburg and Durham division
at I.ynchburg.
| In the decree for the foreclosure of the
hundred-year mortgage, it is stated that
the lowest bid for the Norfolk and West
ern Railroad must not be less than
S3,0OoOO0, and no bid can be received
without Il deposit in cash or certified
check of 500, 600 or $500, coo par value of
bonds, and the successful bidder must
deposit ut once $3.50, 600 in cash or check
| or 100000 in bonds. The decree declares
the company wholly insolvent and the
| foreclosure is ordered because of default
| IN the payment of interest.
Judge Golf, accompanied by the law
| yers who came with him, left Immediate
| ~ alter entering the DEGREES for Charles
ton, W. Va, where the last step in what
is apparently Il formality necessary for
| reorganization, will he taken In Nor.
folk yesterday morning the decree of sale
was entered for the Eastern district of
| Virginia; in I.ynchburg the DEGREES were
entered for the Western district. and i'm
Charleston for the State of West Vir-
| ginia. This wls made necessary bv the
fact that the road is operated in all of the
three districts