The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-02

rOdn proper inCIuulnB VIC puhui'bH "NN
all that goes to operate the system, was
this morning sold to the Reorganization
committee for the sum OF S53, 1859 7d
This amount does not include the sink
ing fund in the hands Of the government
and taking this to be sI,O36,40O, the
amount stated in the government de-
cree covering the sale of the road, the
total paid for the property was $5I5e4,-
9a2 "a. There were no other bidders and
the road went TO the reorganization COM
mlttee without opposition.
The sale of the road was in itself one
OF the most tame and uninteresting per-
formances possible to imagine.
The crowd which was not over 800 all
told, was packed so closely around the
doorway and up In front OF the center Of
the building that the members OF the re-
organization committee, the men who
came out to buy tn road were unable to
see anything or hear word OF what was
going on.
They were compelled to stand back In
the hallway from which one of them
would occasionally poke out his face Just
to see that all was well. Packed into the
half, leaning against the baRHisters,
squatung upon the stairs or standing
wearily In the center OF the floor were all
the members Of the committee. Receiver
Mink hied him to an upper window, out
of which he leaned to watch the pro-
ceedlngs below. The sale was adver-
tlsed TO take place in front OF the Union
Pacific freight house at the junction Of
Ninth and Jones streets at II o'clock,
and 1t was Jus. one minute after that
time when Master-in -chancery Cornish,
who was to act as aucdoneer, took his
place on the low stone step In front OF the
Ninth street entrance, to begin the sale.
For over half an hour a crowd had been
gathering TO witness the sale and II was
only with great difficulty that Mr.. Cor
nlsh was able to get sufficient room to
euable him to work. He finally jammed
himself back Into the corner OF the door
way, with one shoulder against the door
and the other against the brick wall
and prepared for business.
THOSE WHO WE'RE PRESENT.
Those of the committee and connected
with 1t who were present were receivers,
John w. Doane, E. Ellery Anderson,
General Louis Fitzgerald. OF the re-
organization committee and Wfnsiow s.
Pierce, the attorney Of the re-organiSa-
tlon committee and the wizard who
solved the scheme of re-organization:
Alexander Miller. OF Boston. secretary
and assistant comptroller of the COM
pany; Hon. John Sheridan, Of Maryland,
a government director Of the railroad.
General Solicitor Kelly and General
Gown, the government representatives
Jacob f, Schiff, of Boston; Marvin HUI
gilt, Of Chicago; T. jefferson Collldge.
jr., OF Boston, and Lawrence Greer, his as
eistant.
Mr., Cornish carried under his arm
large portfolio bound with the regulation
red tape, and as soon as the crowd gave
him room to extend his arms, he united
the string and drew forth q number of
papers. Selecting one OF these he re-
placed the others and holding 1t out he
said: "Genuemen, l am here to sell GER
tain railroad properties in pursuance OF
n decree OF the United States circuit
court. win now read the description Of
the property TO be sold and when / have
finished the reading will be prepared
TO receive bids"
He then unfolded the notice Of sale.
which was very long, being about four
columns OF agate type.
This notice is so long. gentlemen"
said Mr.. Cornish, that Will not attempt
tn read II so that all of you can hear II. ]
will endeavor 10 get through It as rapid
ly as possible"
He then began the reading of the notice
and as he had said did not read 1t 30 that
the many people could hear It. His voice
grew weaker az he read and finally 1t
became nothing but an unintelllglble
humble that was not dlstlngulshable
three feet away.
Close to his left hand stood Lawrence
Greer, with copy Of the notice In his
hand and he followed the reading of the
master.in-chancery very closely
He was the only member of the re-
organization committee or those con-
nected with II who saw the proceedings
from first to last. From time to time
Attorney Pierce, who was In the hail just
behind that portion OF the door In front
OF the which auctloneer was standing,
looked out and receiving glance from
Mr.. Greer. withdrew into the hail once
more. The reading of the notice took
just an oven forty minutes and when II
was evident that Mr. Cornish was well
through the last column OF the notice,
General Louis Fitzgerald, who was to
make the blds, pushed through the door
and stood closely to the side uf The reader.
AZ he finished his reading Mr.. Cornish
folded II up and placed It deliberately in
hlg portfolio. IIo then drew forth
small typc-Writtcn document and With
out announcing Us nature began 20 read.
II was protest from Managing Re.
celyer Tn,mbull. Of the Union Pacific,
Denver and Gulf road, against the Gale
with the other Union Pacific properties
Of the Cheycnnc& Northern road and the
limo that n claimed by both the Denver
n Gulf and Union Pacific.
THE FIRST BID.
After reading thIa notice Mr. Cornish
placed Il In the portfolio ana said.
81 nm now ready to receive bids for
the property Of the description have
lust read" There was moments
pllonco aud then General Fitzgerald snld
~ bid i3DlB3,2N "a IN the name Of
Ioulu lrltEgcrnld ana A. W. Kroch, pur-
chasing tru7lccs,"
There wns another pnusc, and Mr.. Cor
nlFh anld,
"Arc there any moro bldB2"
Inrlt WIN HuUN Nlu ln' UlNhlOT VNn-
tlnued'
II viii now receive bids Tor the sale Of
the bonds NJ the description, which |
have road"
General Flzgsrnld rcplIcdl
~ hid In behalf of lpnia Flggcrald
nnd A. W. Kruch purchasing trustees
the sum Of ih8,Gib 900 SD."
In both instances General Fitzgerald
read MIS- hid from memorandum witch
ho had In hlH hands. MIR. Cornish uprn-
cd hia mouth to Say 'are there any more
bids" when voice from The crowd call
Su lou1ivt UNuil "A mumpnt MIR Inrnloh