The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-11-02

TAsy were oo--peF1ea tc Ss1-t hxcS m n
hallway. f-uzn wns-h they occasionally
r-cka3 csz. thasr gecss f&se 60 see thas sSf
wes well FarkeA E-eo IRE Hal l@ar3ng
against aanzz.ers sszssartt-x upon reas
srAsrS o. ssaraz-g wsa~5sy ga tAs ceutsr
O. fs@ doorway xs-e Al ne members &c
ire cc-r-Sstaa A-7rx sAoss present
-srs. R@c@9va-s yohn X. Do@ne. 2 r.
IsrT AEds-Sea. Gen Lcrfx Fitzgerald. -
tAe -eor9anizattss eczsnss-se- an3 Tlss-
iaw 3 Pierce. &ese--eT - fha rscrEanIza-
ssoa ard the Ward wne evolved ne
S~Heue % r~a~czr sxaxfea- Aaersslse- u p
teT af HcSfoa sec~essry Er& a=sfssan.
c2mpFr0slRr y The company JsFr She-s-
5sn- q MARYLAND. Earewnaaant sirecto- e
re road, General So'icseor Es11e~ and Mr.
Cnwzn. gcwsrrmers renr@sen tsrfve Mar
v1u Hurhttt. ~ Chicago 7. Jefferson
Coolidge. r.. - Eoston. ard I~aw~enca
Greer. hi< assistant
Cornish carried under afs arm large
portfolio He un:tAd fha strings and drew
forth a number % papers Selecting ons
of these. he replaced ths ochs-S and hold
tn< r onr said:
''Ge-tlernen. I arn here 20 sell certain
F1itrsae 3roper1fss n Purxuarce ef De-
cree - the United States circuit rou-e
I wzn now read shA description % re
properly 20 be sod ard VIXEN Z have f7n-
isaed reading. / viii se prepared 20 ~
cefTs bids
Here followed -hs noelce % sale. Ehlch
vas very long He began reading the no.
ttce, hEs 9id not RAD Z 50 tfst mary pco-
pie could hear i. Cia<a n his lest hans
STOOD Lawrence Greer. with q copy q the
nat1ee II RS hand ard hs followed ths
rsa,i5ng q the master n chaucery very
closely. The reading u ire nosics took an
e. en forty minutes
coruish then drew forth a snail 9ocu-
naCnt an3 without announcing fss nature
beran 20 read Z was A prrsa=t from
Managing Receiver Frank Trumbun. -
the Unioa Pacific. Denver 4 csulg against
the sale with the other Union Pacific
property of two niles ~ track on eAe
Cheyenne a. Northern road the two miles
being claimed both ny the Unlon Pacific
ard the Union Pacific. Denver & CTulf.
Mr.. Cornish. after reading he protest. an
nonncesf that any prospective purchaser
OF the road must - willing 20 encounter
the consequences q the protest. and thai
no guarantee cf their ownership BY ths
JniOn Pacsic was Included IN the sal@
This was agreeable 70 The reorganization
committee and the sale proceeded. Cornish
saving.
y sz now ready % reeeive bids Tor the
railroad property CT the description Of
which I have Just read"
There was a moments silence. and than
Ger Fitzgerald said.
II bid So $50, ~ S- IN the name Of Louis
Fitzgerald and A. w. Kreich. purchasing
trustees
There was another pause. and Cornish
said.
Are there any more hids~'
There were none, and The master con-
tinued:
u viii receive bids for the sale Of the
bonds cf the description OF which I have
read"
Gen. Fitzgerald replied.
\ bid IN hshalf of Louis Fitzgerald and
A. W. kreieh. purchasing trustees. the
sum q sI9.s45 25oss
Cornish opened his mouth 10 say. Are
there any more bids when a voice from
the crowd called loudly: Wait a mo-
ment. Mr. Cornish What are the amounts
of those bids7 I cannot hear them" Then
Gen. Cowan, government attorney, pushed
h.s way through the crowd with great fis-
hcElty. The sale stopped for moment as
Gen. Cowan struggled 20 the side OF Cor
niSh. He was shown the amount OF the
bids and made a note Of them
Cornish again said: Are there any mora
BIDS There vas no sound. and the mas
ter cor tinusd:
AS there are 10 more bids. declare thA
property of which have Just read the de-
scriptson sold 70 Louis Fitzgerald and Alvin
w hreieh. purchasing trustees. they hav-
i1x made the highest bid and the only
BID
Regarding the future management os the
Union Pacific, II is practically settled that
y via, for the time being be left in the
hands OF the present receivers When the
rsorgan.xssion committee has perfected an
ar7angenents. Il vii relieve them. Ths
future head of the road viii BE- = II n
Clark. former president e his health viii
permit hiH 70 take the position.
None OF the reorganization COMMITTEES
cared 70 make any statement regarding 2
the Kansas Pacific sale. which has been
postponed until Decsnaher Is None az
them would say 4 word as 70 whether the
committee Intended 70 bid or nor
To Oppose Reorganization.
NEW YORK. Nov. The Herald t,-
morrow VIII say; Opposition 70 Unlon
Pacific plans OF Reorganization DEVELOPED
yesterday from 4 new source TIE KarEas
Paeidc oCndholders oh5ect 20 the treat
nent of thelr securities under The nodded
arrangements. and they propose 20 block
the reorgz zaizatloa II possible. These bonds