The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-11-01
READY FOR THE SALE
The Union Pacific Goes to the
Highest Bidder To-Day.
UNDER THE NEW COMPANY
Reorganization Committee Gives No In
dication OF the Line OF Action to Be
Pursued After the Sale Miller
Has q Contented Smile.

morrow morning, down in freight
house on the Omaha Hats. there viii he
a financial transaction that IN two re-
spects VIII be record breaker. In the
first instance. Il viii b. the largest
auction sale Of which history makes
mention, and, In tae Second instance.
Uncle Sam will emerge from "A money
deal with his nephews without leaving
behind him nearly all he advanced for
the scheme. I'm addition Ia the regular
patches Of his hide as an evidence Of
good faith.
Even, n by somr mischance. which
cannot now be furrseen. Uncle sam
fails Tomorrow 10 receive his just and
lawful due, ne has Tonight the salts
faction that came Ia Moses when the
Hebrew law -giver looked over into the
promised land. He can say he saw u
full and fair. even though he missed
connection with IL at the ilnish. mofe
than that, the chances of Uncle Sam
for entering the promised land are, as
TO those held by Moses, as a thousand
TO one.
About s5s. .0ee.0oo viii be paid by the
reorganization committee for the line
of the Union Pacific from Council
BUTTS 10 Osocn. ihcif h.iNe ".en ~"
mors OF other bidders and all SORTS ot
stories have been current regarding the
Intention of the sage syndicate ana
OF the Coates syndicate" but there
seems TO be- nothing In them. II there
are any In Omaha to-nieht who have
an idea Of bidding the price To he paid
by the reorganization committee II
would require thc lens "l the herhes
telescope 10 locate Them. The members
of the REORGANIZATION committee DO
not say that they are io be the ohiy
bidders. They simply say that they Know
nothing about IL. There may be bidders
and bidders. Tor all they know, al least
that Is what they say. For all that.
however. IN stu, small voice murinurs
"ffty-eight millions and one cent after
Attorney Winslow has bid fifty-eight
millions. a tidal wave of heart disease
viii sweep through that freight house.
leaving behind dead and dying men.
who one second before were members
OF a reorganization committee
There VIII he but one DID. ana tnat
VIII be the oner OF the REORGANIZATION
committee. Matfr In chanccry w. ID.
Cornish has but one cherk guarantee
Ing bid. and tfat liz the deposit ~ the
committee. All. or nearly all. the mem.
hers of the committee VII" are to at
tend the sale. arrived this morning, ana
to-day money Is walking ny millions
and punches of millions through the
office and hallway OF the Mlilard hotcl.
Those VINO came IN this morning are
Alexander Miller OF Boston, secretary
OF the Union phcifc: Receivers j. w.
Doane. H. Ellery Anderson ana oliNer
w. Mink, teneinl Louis fitzgerhld ana
Winslow :. Pierce. the attorney of the
committee. John sheridan of Mary
land. one OF the government directors
OF the road, arrived to-day, ana 'icn-
eral Solicitor Kelly of IN" Union Pacihc
hurried home 10 oinaha from ~. fau'
to be present AZ the sale. Among Others
who VIII be there are senator j. NJ.
Thurston. General John 4. Gown ot
Omaha the CIV ihmen' attorney IN this
case: Judge Sanboin of 81 Paul, ana
all the prominent oficials ot the Union
Pacific In Omaha.
The actual sciiing of the road. whirn
VIII take place III the iocal freight depot
or the Union Parihc. VIII DE- made IN
this manner: Master In Chancery Cor
nish VIII announce that the road " IN
be sold under the foreclosure of the Hen
of the government OF the nit"d states
lie VIII then fead description OF tha
road, giving the mileage. number 81
! cars. locomotives. buildlngs ana othef
| property IN the possession of the re-
ceivers. This description is long ana
VIII require some Time To read. once u
Is finished the balance of the operation
will be over In very short order. Mi
Cornish Will announce that the mint
mum bid Ia be accepted Is the maxi
mum OF the governments claim. At
torney Winslow >. Pierce VIII oner th'
amount for the reorganization com
mittee, and Mr.. Cornish VIII wait q
second To soc " anybody wants tS
make II sGonooooo. and " nobody r"'
spords he viii declare the sale made
To the reorganization committee aud
turn over the check of the committee
deposited with him 10 guarantee II,
bid tn the representatives ~ the gov
ornmsnt and the matter will he closed
The payment NJ the full amount oNel
and above IN" guarantee check VIII b'
made at some future date. Ia be ar
ranged With the reorganization com
mittee and the government. II VIII be
however. "a short time after the sale.
on TUESDAY VIII be held the SECOND
sale under ihc MORTGAGE. The reo'gnn'
i1atlon conn1'loe VIII, oi necessity, b'
the purchaser None nf the members
OF the committee are disnosod to tall
of the SALE ur the probable line ~ aC
tion that will hc pursued aftrtward. 4
Is likely that the road viii, for time
be left In the hands ~ the receivers
unless II has been decided who shall ~
the MANAGING oflcers ~ thu npw com