The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-05-17
Most Perfect Made.
% Yeas the Standard

- G6Et LIE S<dIlA[u
down 20 she Lake saore de7o. where the
Gale was advertised 70 take place
The sale.
~ tie Columbia sfrSeS entrance 70 the
lIttIe building table was placed direct
~ across Ire doorway. Just behind IL
within The room. stood the special master
E3en Smith. who was 10 conduct the sale
As be Rad -apidiy but clearly the order
and notice % sale and list OF the sched-
siss of TIE property. yhich schedules he
said he had Ia hand open to the inSpec-
lion OF zay bidder. a rnosiey crowd slow
Iy gathered ia = seni-circie about The door
way. TO watch the unworted spectacle OF
railroad auction One rustic who failed
10 take in the !uu significance o. the &C.
czsion, heard that an '-oid noes'' sale
was II progress. And he went 10 H l.
Sade1u ana asked that gentleman IN all
seriousness IL he thought there would be
an umbrella among tie articles Sold
Sfszt Of the crowd understood things
better. They did not expect 10 bid. but
t1Sy tocz JIst - maEn interest IN the mat
ter as Il they did. There Vas much good
humcred banfering and chatting. which.
however. gradually ceased as Master
Smith drew toward the close OF his long
preliminary reading. and announced that
the reorganization committee had Sc
cured coatroi Of AL the outstanding bonds
save sixty. many OF the bonds having come
In as late as Friday. When the aacsioneer
was about 10 indicate that he was ready
for bids, j. n Ashton, representing the
Seattle. Lake Shore & Eastern Railroad
Company. publicly submitted his protest
against the sale % :. 80 shares of the cApi-
tai stock OF the Union Depot Company Of
Spokane and The ninety-ntne years lease
hold estate already referred TO. He had
submitted this protest in the courtroom,
but Master Smith suggested that he pre-
cent IL at the sale.
The si.CO0.OOO Bid.
Then the auctioneer. pausing as II to I'M
press the crowd duly with the fact that be
vas offering something above the ordinary
auction stock OF hous hold furniture. said:
The sale Is now oper- / am ready TO
receive bids
The only response came from Hon II.
G. Struve, who stepped forward and said:
In behalf OF tie committee Of mortgage
bondholders, viz. Morton s. Patton. II. o.
Armour. r.. ID. Christian and James d.
Smith. who are the same persons referred
10 in the decree under which this sale Is
conducted, / offer the sum Of 81 .0oo CO.
Slowly the auctoaeer took up the offer
and repeated Il, once. twice, and then.
giving falr warning, declared the property
sold.
This by no means ends the struggle
which marked the legal proceedings of
yesterday. The master In chancery viii
first. with ali convenient speed make
his report of the sale to Judge Hanford.
!; was thought yesterday that this would
be done tomorrow, certainly al an early
day. Then will come a motion to confirm
the sale. and when that motion Is offered
there viii be another legal battle.
Big suit Filed.
The suit under which the Northern Pa
cific lays claim to more than a million and
a quarter of dollars at the hands OF the
road which was sold yesterday. was filed
yesterday with the clerk OF the Federal
court. IL bears as It's title Andrew r. Bur-
leigh. receiver OF the Northern Pacific
Railroad Company. vs. the Seattle, Lake
Shore & Eastern Railroad Company. The
complaint asks judgment for sl.25s, $50 s..
money paid out and loaned by the North
ern Pacific to the Lake Shore. and also for
81. 6is.ss for SERVICES rendered. material
furnished and overcharges made. The
same document asserts that payment of
these large sums has been frequently de-
nanded and never made.
No Change In operation.
The sale which took place yesterday,
even IL IL shall be confirmed. w!u make
little change IN the actual operation or the
road for the present. What the ultimate
pans % llc JUIfG0OlLeIS may be no ore
knows. IL Is an open secret among rail-
road Ten that Il the REORGANIZATION
scheme scales down the bonded indebted
Uezs 10 anything Ike the real value OF the
road. either the Canadian Pacific or the
Northern Pacific VIII willingly become =
purchaser.
Meanwhile the Offices OF the road are
open ard its trains are running just as If
the desks AMI the cars had suffered no
transfer "a the result Of yesterdays auc-
ton. The road IS going ahead perfectln,
It's title to the valuable water front prop
efty at Smiths cove. and yesterday while
the legal battle vas going on in the Fed
ersl court a number of righf-of-wHy deeds
were being filed IN the county courthouse
These deeds provide that the sranto--s
convey TO the railroad companies a right
of-way over the property described. to-
Eether with the privilege OF operating the
line Of railroad l; is expressly stipulated
that whenever the company shall cease
TO occupy the land for railroad purposes
Il shall revert TO the grantors No cove
nant as TO title shall be inferred from,
the execution Of the deeds. The grants
are as follows.
Francis ". James. a strip Of the west
erly end OF lot :. block ia. Seattle Tide
Lands
Francis ". James. .lao acre OF the west
eray end OF lots and :. block Iss
Granville o. Halter et TX. "a acre q.
the westerly side OF lot = block iu.
Morgan J. Carkeek ct ux.. .e54s acre IN
lot s block la
Morgan J. Csrkeek ct TX. and John
klcsterman ct TX. % acre in lot 6 block
tsE
Louisa Denny e viz. 9s4 acre Of the
westerly side az hISck 80. also .e.sTT acre
block 50. also -es7s aere block is
Mary A Ga1aey, addition TO righ,-of-
way granted by William Renton 81 TX s
foot strip Ia lot 4 biock IL
elise Investment Co. a strip IS feet
SIDE 81 The westerly end oT 10, bloch
ia iyIug next 20 the right-of-aav o. ~.
co 'rnasa 3 Puget Sound ard the Fuget
sound %haVc.
earhfT permitting. First Regimen,
Band AZ Lesehi PaTk tbs afternoon.
Shoes shlned FIRE az san Francisco sb,a
10 FsTst and Colau ia street.