Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-11-01
THE UNION PACIFIC
Will Be Sold at Auction at Il 4. NJ,
To-Day,
And Your Uncle Sam VIII Very
Likely Got it in the Neck-The
Reorganization Committee the
Only Bidder on the Ground. Last
Night.


Omaha, Neb. October S1.--At eleven
O'Clock tomorrow morning. down in
dingy freight house on the Omaha
Flats, there will be financial transac-
ton that In two respects will be q
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
money deal with his nephews. leaving
behind him nearly all ne advanced for
the scheme in addition to large patches
of his hide as an evidence OF good
faith.
Even If by some mischance which
cannot be unforeseen Uncle Sam fails
tomorrow to receive his just and law
full due-he has tonight the satisfac-
ton that came to Moses when the He
brew law-giver looked over into the
promised land He can say he
SAW 1T 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 like
unto those held by Moses as thou
sand unto one.
About fifty-eight millions OF dollars
VIII be paid by the reorganization
committee for the line of the Union
Paciic from Council Bluffs to Ogden.
There have been rumors of other bid
ders, and all sorts OF stories have been
current regarding the intention of the
Sage syndicate" and of the Coates
syndicate. but there seems to be
nothing in them. II there are any peo-
pie in Omaha tonight who have an
idea of bidding over the price to be
paid by the reorganization committee,
it would requiretthe lens of the Yerkesi
telescope to locate them. The me-
bers of the reorganization comp
do not say they ara to be the on
ders. They simply s(y they
KNOW NOTHINA<AIa
There may be bidders an
all they know--at least
they say For all that, hd
still small voice murmurs
millions and one cent a tidl
heart disease viii sweep third
freight house, leaving behind
dying men who one second Def
members of a reorganizati
mittee.
There will be but one bid,
will be the offer of the reora
committee. Neutrality-suspicious.
Cornish, has but one GGetfk guarahc
ing a bid and that is the deposit OF the
committee. All, or nearly all, OF the
members of the committee, who are to
attend the sale, arrived this morning.
and to-day money Is walking by the
nho -
through the Office and hallway of the
Willard Hotel.
Regarding
THE FUTURE OF THE ROAD
after it had passed into the hands OF
the reorganization committee, Mr..
Millar, Of Boston, secretary and assist
ant comptroller of the Union Pacific,
said this morning:
THE actual turaing over OF the prop
erty to the purchaser will be at some
time in the future, depending very
largely upon who is the purchaser. 1t
will, of course, be out OF the question
for the purchaser who buys. The road
at IL o'clock to assume control at no4p
Ii will be simply a matter Of conye-
nience for the purchaser. ] know OF
instances whore roads have been bought
~ ftOfEdGl1dLlCH tDluuitltta, dud Do
these committees have not been entire I
ly prepared to assume control OF tho
road just at the instant. the receiver
have been allowed to run the road [
two or three months, Of course und
the direction Of the owners. The
when the purchasers had made
things ready they took hold and ma
aged the property themselves. Now,
to-, 10
Mr. Millar smiled contented smtl
that is about what 1t will do.
receivers will handle the road until
committee, IL the committee be the N r
chaser" and again Mr.. Millar snxed
happily. "is ready to assume co3iroi
OF the road"
All Of the receivers who are bere
and the other members OF the reoreani-
zation committee, repeated substan.
TALLY the interview of Dir. Millar.