New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-11-01
THE SALE IN OMAHA TO-DAY.
WHO WILL BE IN ATTENDANCE.

OFFICIALS OF THE UNION PACIFIC AND OTHERS
WHO WILL BE IN ATTENDANCE
Omaha. Neb. Oct. 3l-At II o'clock tomorrow
morning down In dngy frelghthouse on the
Omaha fats. there will be financial transaction
that will be record breaker 1t will be the largest
auction sale Of which history makes mention.
About SIS 90 900 will be paid by the Reorganization
Committee for the line of the Union Pacific from
Council Bluffs 10 Ogden. There have been rumors
Of other bidders and all sorts Of stories have been
current regarding the intention Of the Sage Syn
dlcate" and Of the COATES Syndicate" but II
there 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 lens OF the Yerkes telescope to locate them.
For all that however. II a voice murinurs fifty
eight millions and cent after Wnslow S.
Pierce has said. "Fifty-eght millions" a tidal
wave Of heart disease will sweep through that
freghthouse. Master in Chancery W. ID. Cornish
has but cheek guaranteeing a bid, and that Is
the deposit Of the committee.
AL or nearly all. of the members OF tho COM
mittee who are 10 attend the sale arrived this
morning Those who in this morning
Alexander Hitler. Of Boston. secretary Of the
Union Pacific; Receivers J. w. Doane. f. Ellery
Anderson and oliver W. Mink General Louis Ftz
gerald and Winslow S. Pierce. the attorney for the
committee also arrived. John Sheridan. of Mary
land one OF the Government directors OF tho 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, Cen
eral John c. Cowan OF Omaha. tho Government
attorney in this case; Judge Sanborn. OF St Paul.
and all the prominent officials OF the Union Pa
c.hc In Omaha.
The actual selling OF tho road Will be made in
this manner:
Master In Chancery Cornish will announce that
the road be sold under the foreclosure OF the
lien OF the Government OF the United States. He
will then read description Of the road. giving
the mileage, number of cars, locomotives buildings
and other property in the possession OF the
cevers. This description is long. and will require
some time TO read, but, once 1t Is finished the bal
ance OF the operation Will be over In short order
MI oolnsn W'i anh nc e Ina, nan ,e n h Hnner pu
ment's claim. Winslow s. Pierce will offer the bid
Of the YAH t .ee nvb9V care, an o AK I
10000 and If nobody raises the bid he will declare
and Ia9 over the 10 check of the commee
ed with him &c guarantee its bid TO the representa-
closed The payment OF the full amount and
above the guarantee check eek WIN be made at some
zation Committee and the Government. 1t WILL
however. be within a short time after the sale
on Tuesday Will be held the second sale under
the foreclosure of the mortgage securing the hold
ers OF the construction bonds. The Reorganization
c9mmitee W Of neGessfy b be the purchaser
posed 10 talk OF the sale or the probable line OF
acton that d BE me s e in be Is H
Of the receivers. unless II has been decided who
a be the gao bean OF pa he 10 ns
as vet but II Is certain that II Mr.. Clark desires
TO be president OF ,e TUaa s ss ne naS %as Ge' S @
accept II IL not likely that any other name will
Alexander A. Miller, secretary and assistant con-
troller of the Union Pacific. said this morning that
he had no knowledge OF any competing bids that
t!on Committee.