New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-11-02
3 UNION PACIFIC SOLD.
THE REoRGANIzATIoN COMMITTEES BID
THE ONLY. ONE.

THE TOTAL PAID FOR TIE PROpERTT IS s51564-
ss2 7c-scENE AT THE SALE ~ OMAHA.
Omaha Neb. NV. 1.-The Union Pacific road
proper including The buildings and all that goes
to operate the systenl. this morning sold
to the REORGANIZATION Committee for the of
SIS 52S .332 IS of which $50. $50 2Sl 81 for
the property itself and Sl3,Gb5,250 50 for the
bonds held in the sinking fund In addition to
these bonds the sinking fund holds S4.O36 400 In
cash which reverts to the Government. making
the total paid for The properly 1852 90.
There other bidders, and the road went
to the Reorganization Committee without any
opposition.
The sale of the road was in it:.slf tame and UNI
interesting The crowd. which was not over five
hundred all told. was packed so closely around
the doorway and up in front of the centre OF the
building that the members Of the Reorganiza-
ton Committee. the men who came out to buy
the road We're unable TO see anything or hear
q word of what was Hoing They were COM
PEELED to stand back in the hallway from which
one Of them would occasionally poke out his face
just to that all was well. Packed into the
hall. leaning against the banisters, sQuattins
upon the stairs. sanding YEARLY in the
centre Of the floor were all the members of the
committee Receiver Mink hed himself to an
INNER window out of which ne leaned to watch
the proceedings below
THOSE PRESENT AT THE SALE.
- The sale was advertised TO take place in front
of the Union PsUihc freight house. at Ninth and
Jones ss al IL o'clock. and it was just one
minute after that time when Master in Chan
Gerry Cornish who 10 act as auctioneer
took his place on the low stone step in front
of the Ninth-st. entrance. TO begin the sale For
over half an hour crowd had been gathering
TO witness the sale. and it was only with great
Ala Cttfx
hcient room to enable him TO work. He finally
damned himself back into the corner OF the
doorway with one shoulder against the door
and the other against the brick wall, and pre-
nared for business. Those OF the committee
and connected with 1t who were present We're
pA,Xcers John w. Doane and E. Elery Ander-
son General Louis Fitzgerald, OF the Reorgahi-
,a,ion Committee. and WInslow ;. Pierce, the
attorney of the Reorganization Committee and
the one who solved the scheme OF reorganlza-
,ion. Alexander Miller. of Boston. secretary and
a.s,.,ant controller of the company; John Sheri-
80 80 Ma,1land a. Government director or the
-,.d. General Solicitor Kelly and General Cow
In the Government Representatives, JACOB r
schin Of Boston Marvin Eughtt' OF Chcaso'
a Jeosrsor Coolidge. jr. of Boston. and Law
renee Greer. his assistant
Nv Cornish carried under his arm a large
,,or,fo,io hound with the regulation red tape.
tend his arms, he united the string ana drew
-o-,r a r,nn,ber Of papers. Selecting one OF
,h.se he rsplaced the others, and, holding 1t OUT
he said .,,o,
"f,ent,enner ann here TO sell certain railroad
properties in pursr ance of decree OF the C"lteu
States Circuit Court. l VIII now reao tie ue
scription Of the property TO be solo, anu "'ien
I have finished the reading VIII be prepared
to receive bids hi,
He then unfolded she notice OF the SAFE "ii'cn
was very long, being about nour columns oil
This notice is long, sentleHnen. r sad MI e.
Cornish, that will not attempt to TTaG 70 get ct
that all can hear IL. l VIII enoeaNoI ~ So
through it rapidly as possible 49,, a
He then began the reading or the notce anu
as he mad said did not read it so that many
D.. neone could hear II. His voice grew weaker as
D. he read and finally it became nothing pu. an
unnfeIligible humble that WAS not distinguish,
sha thrse feet away Close to his left hand
stood Lawrence Greer. with copy OF the ho'Ne
In his hand. and he folo~ee the Teau ae the
only member Of the ReorgaIi7a atom commute commute
ings from first TO last
GENERAL FITZGERALD BIDS.
The reading fNthe notice took just an even
forty minutes and when it was evident that
Mr.. Cornish was well through the last column
OF the notice General Lout, f. fitzgerald, VINO
was Ia make the bids pushed thfough the door
and stood close to the side Of the eader As he
Anished his reading Mr.. Cornish drew forth
small typewrttsn document ana: without an
nouncing its nature. began 10 rea d. III was
protest from Mr.. Trumbull mama ing receiver
OF the Union Pacific. Denver and Cuff road
against the sale with the other Union Pacific
properties of the Cheyenne and No them road
and the line that Is claimed by both the Den
yer and Gulf and Onion Pacific After reading
this notice. Mr. Cornish placed II IL the port
folio and said -,
Nov am ready TO receive tdds for the
property OF the description have j1st read"
There was moments silence. anc then Cen
eral Fitzgerald said:
Il bid $50 Ss3,2sl 81 in the name OF Louis
Fitzgerald and a. W Kreck. purchasing trus-
tees ..-
There was another pause. and Mr. Cornish
said .
Are there any more bids?
There was none. and the master said:
IL win now receive bids for the sale Of the
bonds of the description which have read
General Fitzserald replied: II bid in behalf
. Of Louis Fitzgerald ana "A. w. krech. p.lChas-
ing trustees, the of Sl3.G4o $50 10
In both instances General Fitzgerald read his
hid from, a memorandum which he had in his
hands.
Mr. Cornish opened his mouth 10 say Are
,h.rH any more hlds?" when a voice from he
crowd called loudly: wait q moment. Mr.. Cor
Il nish What are the amounts Of those bidsr l
cannot hear them" and General John {. Gown.
the Government attorney. pushed his way
through the crowd with great difficulty. He
had been standing about ten feet from Mr..