The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-01
UNCLE SANS GREAT AUCTION.
FIFTY-EIGHT MILLIONS TO BE BID
FOR THE UNION PACIFIC.


Men of Money ut Omaha 10 BE Press
ent at the sale, Which VIII BE the
Greatest Auction Transaction
Known to History-The ReOrgani-
zntion Committees Bid VIII Prob-
ably BE the Only One Ohered-StiIK
There May he Others-only One
Guarantee Deposit I'm the Master
of ChancerS's Hands-The second
Sale Tuesday.
Omaha, Neb. Oct 31.-At II o'clock to-
morrow morning down in a dingy freight
house on the Omaha flats, there Will be
a financial transaction that, in two re-
spects, will be a record breaker.
In the first instance, it will be the larg-
est auction sale of which history makes
mention, and. in the second instance.
Uncle Sam win emerge from a money deal
with his nephews without leaving behind
him nearly all he advanced for the scheme.
in addition to large patches of his hide.
as an evidence of good faith.
Even If, by some mischance, which can-
not be foreseen, he fails to receive his just
and lawful due, he has tonight the satis-
faction that came to Moses when the He
brew law-giver looked over into the prom
ised land. He can say he saw 1t full and
fair even though he missed connection
with 1t at the finish. More than that, the
chances of Uncle Sam for entering tho
promised land are tonight unto those held
by Moses as a thousand unto one.
About S5S 900 viii be paid by the reor-
ganization committee for the line of the
Union Pacific from Council Bluffs to Og-
den. There have been rumors of other
bidders and all sorts of stories has been
current regarding the intention Of the sage
syndicate, and of the Coates syndicate,
but there seems 10 be nothing In them.
If there are any people in Omaha to-
night who have an idea of bidding over
the price 20 be paid by the reorganization
cOmmittee-lt would require the lens of the
Yerkes telescope to locate them. The
members of the reorganization committee
do not say that they are to be the only
bidders. They simply say that they know
nothing about 1t. There may be bidders
and bidders for all that they know-at
least that II is what they say.
For all that however. If a still small
voice murmurs 'fifty-eight millions and
one cent" after Attorney Winslow s.
Pierce has said ''hfty-eight millions" IT,
dal wave of heart disease will sweep
through that freight house, leaving be-
hind dead and dying men who one second
before were members of a reorganization
committee. There will be but one bid and
that will be the offer of the reorganiza-
ton committee.
Master In Chancery w. ID. Cornish has
bat one check guaranteeing a bid. and
that Is the deposit of the committee. All
or nearly, Of the members of the commit
tee, who are to attend the sale, arrived
this morning, and to-day money Is walk
ing by millions and punches OF millions
through the Office and hallway of the
Millard hotel.
Those who came In this morning are
Alexander Miller Of Boston, secretary Of
the Union Pacific; Receivers J. w. Doane,
Il. Ellery Anderson and Oliver W. Mink.
Gen. Louis Fitzgerald and Wlnslow
S. Pierce the attorneys for the committee,
also arrived. John Sheridan of Maryland,
one of the government 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 VIII be there are Sem
ator John NJ. Thurston, Gen. John C.
Gown OF Omaha, the government attorney
in this case: Juoge Sanborn of St Paul,
and all the prominent officials Of the
Union Pacific In Omaha.
on Tuesday will be held the second sale,
under the foreclosure of the mortgage se-
curing the holders of the construction
bonds. The reorganization committee will
Of necessity, be the purchaser.