The San Francisco call., 1897-11-01

OMAHA, NEBR., Oct 31.-At II o'clock
tomorrow morning. down IN a dingy
Lighthouse on the Omaha fats, there
viii be a financial transaction that in two
respects will be a record. breaker.
In the first lnstanc it Will be the largest
auction sale of which history makes men,
ton, and in the second instance Uncle
sam will emerge from a money deal with
his nephews without leaving behind him
nearly all he advanced for the scheme, IN
addition to the regular patches OF his hide
a an evidence OF good faith.
Even if by some mischance which can
not now be fo-eseen Uncle Sam fails to-
morrow to receive his just and lawful due
he has tonight the satisfact ion that came
to Moses when the Hebrew lswgiver
looked over into the promised land-he
can say be saw it full and fair, even
though he missed connection with it at
the finish. More than that, the chances
of Uncle sam for entering the promised
land are tonight unto those held by
Moses as a thousand unto one.
About SIS, ,0O0, 0G0 will be paid by the re-
organization committee for the line OF the
Union Pacific from Council Bluffs to Og-
den. There have been rumors of other
bidders ana all sorts Of stories have been
current regarding the intention of the
"Sage syndicate" and the Coates syndi-
cate" but there seems 10 be nothing in
them. II there are any people in Omaha
tonight who have an idea Of bidding over
the price 10 be paid by the reorganization
committee it would require the lens OF the
Yerkes telescope TO locate them.
The mem bers of the reorganization
com mittee do not say that they are to be
the only bidders. They simply say that
III Y know nothing about 1t. There may
be bidders and bidders, for all they know
at least that is what they saw For all
that, however, If still small voice muir
murs "Fifty-eIght millions and one cont"
after Wlnslow S. Pierce has said Fifty
eight millions" tidal wave OF heart dis
ease will sweep through that freight
house, leaving behind dead and dying
men who one second before were mem
bers OF a reorgan zation committee.
There will be but one bid and that will be
the offer OF the reorganizat ton committee.
Master in Chancery w. D. Cornish has
but one check guaranteeing a bid, and
that is The deposit of the committee
All or nearly eli of the mem bers of the
com mittee who are TO attend the sale ar
rived this morning. and to-day money is
walking by millions and punches of mil
lions through he Office and Railways OF
the Millard Hotel. Those who came in
this morning are Alexander Mllar 0: Bos-
ton. secretary of the Union Pacific; Re-
ceivers ]. w. Doane, 4. Ellery Anderson
and Oliver w. Mink, General Louis Fitz-
gerald and Winslow s. Pierce, the attor-
new Tor the committee. John Sheridan of
MARYLAND, one of the Government direct
ors of the road, came to-day, and General
Solicitor Kelly of the Union Pacific hur-
ried home to Omaha from st. Paul to be
present at the sale. Among others who
wi | be there are Senator John NJ. Thurs
ton. General John G. Cowan of Omaha,
the Government attorney IN this case /;
Judge Sanborn of st. Paul, and al the
prominent officials of the Union Pacific in
Omaha.
The actual selling of the road, which
Will take place III the local freight depot
Of the Union Pacific, will be made in this
manner: Master in Chancery Cornish will
announce that the road is 10 be sold under
the foreclosure OF the lien of the Govern
ment OF the United States. He will then
read DESCRIPTION Of the road. giving the
mileage, mum Der of cars. locomotives,
buildings and other property in the hands
OF the receivers. This description is Ion g
and will require sometime to read, but
once it is finished the balance of the oper-
ton will be over in very short order. Mr..
Cornish will announce that the minimu m
fal fc . u vi of
Governments claim. Attorney Winslow