Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1897-11-04
SOLD UPON THE BLOCK.
REORGANIZATION Committee Gets inc
Union Pacific.

committee for $53, 52S, 532. i6. Inc
amount does not include the sinking
fund in the hands of the government,
and taking it to be 1895. 400, the
amount stated in the government dec
rec covering the sale of the road, the
total paid for the property Is sol, OOH
932. 76. There were no other bidders
and the road went to the reorganlza-
ton committee without any opposition.
The sale of the road was in itself one
of the most tame and uninterest.ng per-
iormances possible to imagine. 1t was
advertised to take place in front OF the
Union Pacific freighthouse, at
O'Clock, and it was just one minute
after that time when Master in Cham
Gerry Cornish, who was to act as auc-
tioneer, took his place in front OF the
Ninth-Street entrance.
For over an hour Il crowd had been
gathering to witness the sale. and 1t
was only with great difficulty that Cor
nish was able to get sufficient room to
enable him to work. He finally jammed
himself back into the corner OF the
doorway and prepared for business.
The crowd was packed so closely around
the doorway and up in front of the
building that members OF the reorgan-
iZltion committee, men who came out
to buy the road. Were unable to see any
thing or hear word OF what was going
on. They were compelled to stand back
in the hallway. from which one OF the
members occasionally poked out his
face lust to see that all was well.
Cornish carried under his arm a
large portfolio. He united the strings
and drew forth number OF papers.
Selecting one of these he replaced the
others, and, holding it out, said:
Gentlemen, am here to sell cer-
tain railroad properties in pursuance OF
decree OF the United States circuit
court. will now read description
of the property to be sold, and when
have finished reading | will be prepared
to receive bids"
Here followed the notice OF the sale,
which was very long. He began the
reading of the notice, and. as he said,
did not read it so that many people
could hear Close to his left stood
Lawyer Greer with copy of the notice
in his hand, and he followed the read.
ing OF the master in chancery very
closely The reading OF the notice
took an even 40 minutes.
Cornish then drew forth small doc
ument. and without announcing it's
nature, began to read 1t was pro-
test from Receiver Trumbull OF the
Union Pacific, Denver e. Gulf road,
against the sale without the other I'm
ion Pacific properties OF the Cheyenne
Il Northern road, and the line that is
claimed by both the Denver & Gull and
the Union Pacific. After reading this
notice Cornish said:
Il am now ready to receive bids for
the railroad property. the description
OF which have just read. "
There was a moments silence, and
then General Fitzgerald said:
II bid $50, So3, 2SlS in the name OF
Louis Fitzgerald and A. W. Kreich,
purchasing trustees
There was another pause and Cornish
said:
Are there any more bids:"
There was none and the master con
tinucd:
Il will receive bids for the sale OF
the bonds the description of which l
have read:
General Fitzgerald replied:
Il bid in behalf of Louis FITZGERALD
and A.W. Kreich, purchasing trustees,
the sum Of $l3, 90, 80. 50.
Cornish opened his mouth to say
"Are there any more bids?" when a
voice from the crowd called loudly:
"Wait moment, Mr.. Cornish.
What are the amounts OF those bids:
| cannot hear them and General
Cowan, the government attorney,
pushed his way through the crowd
with great difficulty. The sale stopped
for moment as General Cowan strug-
sled to the side OF Cornish. He was
shown the amount OF the bids and
made note Of them. Cornish again
said:
Are there any more bids:"
There was not a sound, and the mas.
ter continued:
LAS there are no more bids declare
the property OF which 1 have just read
a description sold to Louis Fitzgerald
and Alvin W. Kreich. purchasing
trustees, they having made the highest
and the only bid
This is all there was to the entire
sale. Tire members of the committee
had nothing to say after the transaction
was over.