The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-01
UNION PACIFIC SALE
MOST GIGANTIC AUCTION KNOWN
IN HISTORY TO BE HELD IN
OMAHA TODAY.
BUT ONE BID is EXPECTED,
THAT OF THE REORGANIZATION
COMMITTEE FOR THE FULL
GOVERNMENT CLAIM.
Already Plans Are Being Made for
Putting the Line Under Private
Control.

OMAHA, Neb., Oct 31.-At II o'clock
tomorrow morning down in a dingy
freight house, on the Omaha flats,
there will be a financial transaction
that in two respects will be record
breaker.
In the first instance it will be the
largest auction sale of which history
makes mention. and in the second in
stance Uncle Sam will emerge from
a money deal with his nephews with
out leaving behind him nearly all he
advanced for the scheme, in addition
to large patches of his hide az an evil
dence of good faith.
Even If by some mischance which
cannot be foreseen Uncle Sam fails to-
morrow to receive his just and lawful
due. he was tonight the satisfaction
that came to Moses when the Hebrew
law giver looked over into the prom
ised land. He can say he saw it full
and fair, even though he missed con-
nection with 1t at the finish. More
than that, the chances of Uncle Sam
for entering the promised land are to-
night unto those held by Moses as a
thousand to one.
About fifty-eight millions of dollars
will be paid by the reorganization
committee for the line of the Union Pa
cific from Council Bluffs to Ogden.
There have been rumors of other bid
ders and al lsorts Of stories have been
current regarding the intention of the
Sage syndicate" and the Coates
syndicate" but there seems to be moth
ing in them. If there are any people
in Omaha tonight who have an idea
Of bidding over the price to be paid
by the reorganization committee, it
would require the Tense of the Yerkes
telescope to locate them. The mem
bers of the reorganization committee
do not say that they are to be the
only bidders. They simply say that
they know nothing about It, There
may be bidders and bidders for all they
know-at least that is what they say.
For all that, however, If still, small
voice murmurs "Fifty-eight millions
and one cent" after Attorney Winslow
Pierce has said Fifty eight millions. g"
tidal wave Of heart disease will
sweep through that freight house.
leaving behind dead and dying men
who one second before were members
Of reorganization committee. There
will be but one bid, and that will be
the offer of the reorganization commit
tee. Master in Chancery w. d. Cor
nish has but one check guaranteeing
bid and that is the deposit Of the
committee. All or nearly all of the
committee who are to attend the sale
arrived this morning, and today money
is walking by millions and punches OF
millions through the offices and hall
ways Of the Willard hotel Those who
came in this morning are Alexander
Miller. Of Boston, secretary of the
Union Pacific; Receivers j. w. Doane.
f. Ellery Anderson and Oliver w.
Mink, Gen. Louis Fitzgerald and Wins
low S. Pierce, the attorney for the
committee, also arrived John Sheri-
dan, of Maryland, one of the govern
ment directors of the road, came to-
day, and General Solicitor Kelly, of the
Union Pacific, hurried home to Omaha
from st. Paul to be present at the sale.
Among others who will be there are
Senator John NJ Thurston, Gen. John
c. Gown, of Omaha, the government
attorney In this case; Judge Sanborn,
OF 81. raul, ana all the prominent Oh
ficiaIs of the Union Pacific in Omaha.
The actual selling of the road. which
will take place in the local freight de-
pot OF the Union Pacific will be made
in this manner: Master-In-Chancery
Cornish will announce that the road Is
to be sold under the foreclosure Of the
lien of the government Of the United
Staets. He will then read a descrip-
ton of the road, giving the mileage,
number of cars, locomotives, buildings
and other property in the possession Of
the receivers. This description is long
and will require some time to read.
but once 1t is finished the balance OF
the operation will be over in very short
order. Mr. Cornish will announce that
the minimum bid to be accepted is
the maximum Of the governments
claim. Attorney Winslow Pierce will
offer the amount for the organization
committee and Mr.. Cornish will wait
to see if anybody cares 10 make ii
sixty million, and as nobody is going
To care, he will declare the sale made
to the reorganization committee and
turn over the check of the committee
deposited with him TO guarantee its
bid to the representatives OF the gov