The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-10-31
WILL BE SOLD MONDAY
UNFOUNDED RUMOR REGARDING THE
UNION PACIFIC ROAD.
Nothing to Substantiate the story that
an Injunction to Prevent the
Sale Would BE Sought.

OMAHA, Neb., Oct 30.-For a time to-day
there was great excitement in Tairoad cir
cles in this city over the reportNthat an in
junction had been asked preventing the sale
of the Union Pacific road under foreclosure
next Monday. The report first came through
dispatch from Dow, Jones & Co., of New
York but in a short time the story came
in from other points, and the officials OF
the Union Pacific and other interested par
ties began to believe that where there was
so much smoke there must be some fire. 1t
was impossible to substantiate the story,
however, and it is not thought here that
there is anything in it.
Judge Munger, of the United States Dis
trict Court, was the only federal judge in
the city to-day, and he was here for short
time only, leaving in the afternoon for his
home at Fremont, Neb. He said that he
had not heard of any move to obtain an
injunction, and declared that If such an at
tempt were made before him the chances
were that he would refuse'to have anything
to do with the matter. THAT entire mat
ter" he said has been before Judge San
born at St Paul. and it would not be prop
er for me to interfere with the case in any
way, 1 have heard nothing about it and do
not think that there is anything in the
story
Master in Chancery w. D. Cornish, who is
to sell the road at auction on Monday If
nothing prevents, was greatly astonished
when the story was told him. Il have never
heard anything about it, he said, and
do not think there is anything In 1t. 1t
seems to me that if there were anything OF
the kind on foot that L would have heard
of it,
a
the government in the case, had heard
about the matter and held the same opinion
regarding the story as was entertalneq by
Mr.. Cornish and Judge Munger Il don
see," he said, how anybody can prevent
the government from forecloslng on the
road. There is nothing irregular III the
matter 1t is a perfectly legitimate pro-
ceeding in every sense, and, while L DO not
think that any injunction Will be appleu
for, still do not see just now now any IN,
junction can be made to STICK even IL asked
for / guess the road will be SOLD according
to the programme.
The only persons who would OBJECT 10 the
sale are thought to be stockholders VINO
are displeaSed with the actions OF the re-
organization committee. Circulars from a
broker in New York have been sent broad
cast over the country asking stocKnoloers
to oppose the plans of the reorganization
committee and unless the story OF a com
ing injunction came from this source, dl-
rectly or indirectly, those interested IN the
matter here are unable to imagine Wnere
it could have arisen People with sixty
millions in their pockets are not numerous
on the street as yet. None of the heavy
weights for the reorganization committee
have put in an appearance and, so far as
known, there are no others here who are
prospective bidders. Master in Chancery
Cornish would not say this afternoon how
many bids he expects to hear when he
mounts the auction block on Monday. He
takes the stand that he does not know of
his own personal knowledge that anybody
is going to bid at all. At the same time
he has the guarantee check of the reorgan-
ization committee amounting to about &c.
O00, O00. He will not say whether he has
any checks of a similar nature from any
other source, but it is generally understood
that he has but the one.
Although none Of the members of the re-
organization committee has as yet put in
an appearance several of them, as we'll as
Receivers Doane and Anders, will be here
tomorrow morning Winslow Pierce, the
attorney for the reorganization committee,
and Oliver Mink, of Boston, will also be
here in the morning