Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-11-01
Union RAC!EIC SOLD.
|r,vE AND UNIDENTIFIED TRANSACTION
..r uumbied in Reading, the Lone
n,daer.s Voice Was Almost lnau-
d,ble. aud it Was Cold Day.

mia. and IL Was Cold Day.
N ITO Neb., Nov, 1.-The Union
Ia aa road proper, including the
4 1aa,nrs and all that goes to operate
aystem. was this morning sold to
'h' ,,r,-anization committee for the
'ps =, s5s. 52S .532.Ie. This apount does
,nci,,de the sinking fund In the
A.. ~ the government, and taking
,,s to be s4.O36,4Oo. the amount stated
..o government decree covering the
H. :, the road. the total paid for the
'r,nerty is s57,564.932.76.
There we're no other bidders ana the
"A went to the reorganization com
- without any opposition.
,rha sale Of the road was in itself one
10, ,,raet and most uninterestins
u Hs1,pnnces possible to imagine. IL
'.'d,nrtised to take place in front OF
W. fi,,ton Pacific freight house at the
ns,,lnn Of Ninth and Jones streets
J, =, o'clock, and 1t was just one MN
~, ofter that time when Master III
Shancery Cornish, VINO was 10 act US
"a,janeor. took his place on the low
49, stau I'm front of the Ninth street
,r,nre For over an hour crowd
w hser gathering to witness the sale
ad a was only with great difficulty
ny, MIR Cornish was able to get sur
s.jert room to enable him to work.
~ analiy damned himself back into
ne corner of the doorway with one
SANDER against the door ana the
o.ber against the brick wall ana pre-
rared for business.
| mLLIoNAIREs WE'RE INS1GNlFl-
CANT.
The crowd, which was not over 500,
aft told. was packed so closely around
Ne doorway and up in front of the
enter Of the building that the mem
Ssrs Of the reorganization committee.
Ns men who came out to buy the road,
wore unable to see anything or hear a
word of what was going on. They
we're compelled to stand back in the
hallway. from which one of the mem
lsrs occasionally poked out face Just
10 see that all was well.
packed into the hall, leaning
sralnst the banlsters, squatting upon
,be stairs or standing YEARLY in the
c4nter Of the door. were all the mem
ms Of the committee. Receiver Mink
MA him to an upper window, out of
which he leaned to watch the pro-
oedlng below. Those of the commit
Il. and connected with 1t who were
PRESENT were:
Receivers John w. Doane, Ellery An
dsrson. Gen. Louis Fitzgerald OF the
,eorganlzatlon committee, and Wins
low S. Pierce, attorney of the reorgani-
ratlon and the wizard who evolved the
scheme OF reorganization; Alex. MIL
Ter OF Boston, secretary and assistant
comptroller of the company; John
Sheridan OF Maryland, government
director OF the road; General Solicitor
Key and Mr. Cowen. the government
representative; Marvin Hughitt OF
Chicago; r. jefferson Coolidge Jr. OF
Boston. and Lawrence Greer, his as
sstant,
READING THE NOTICE.
Mr.. Cornish carried under his arm
large portfolio bound with the regu-
aton red tape, and as soon as the
crowd gave him room to extend MS
arms, he united the strings and drew
forth a number of papers. Selecting
one OF these he replaced the others, AND
holding II out he said:
Gentlemen, l am here to sell GER
tain railroad properties in pursuance
Of decree of the United States CIR
cult cogrt, l viii now read the de-
scrlption Of the property to be SOLD
and when / have finished the reading
will be prepared to receive bids"
Here followed the notice of sale
which was very long, being about foui
columns Of agate type.
This notice is so long, gentlemen
said Mr. Cornish, that / Will moi
attepmt to read it so that all of yot
can hear 1t. l will endeavor to get
through IT as rapidly as possible
AN UNINTELLIGIBLE HUMBLE.
He began the reading of the notice
and as he had said did not read 1t 81
that many people could hear 1t. His
voice grew weaker, and finally 1t be
cane nothing but an unintelligibl'
humble that was not distinguishabl'
three feet distant. Close to his lief
hand stood Lawrence Greer with {
copy OF the notice in his hand and HI
followed the reading of the master II
thancery very closely. He was thu
only member of the reorganization
committee or those connected with l
Who saw the proceedings from first t.
asst From time to time, Attorne!
ileree who was in the hall Just be
md that portion of the door In from
Y which the auctioneer was standing
looked out, and receiving n glanc,
lgm Mr.. Greer withdrew into TIN
lall once more.
The reading of the notice took Jus
A'A ~ dhb NiNh
was evident that Mr. Cornish was wei
through the last column OF the notice
w Louis FltZergerald. who was I
lake the bids pushed through the doc
.h1 stood close by the side OF tn
tader As he finished his reading
~, cornish folded up the paper an
g-eed II deliberately in his portfolio
t Then drew forth small type writ
va document and without announcin
~ 41 UNIuIn hnpgp tA
EMesi from Managing Receiver Trum
AK, OF the Union Pacific, Denver
,H road, against the Hale wlthou
,Se 9th0r Union Pacific properties @
W. cheyenne & Northern road and tn
~ut thgt is claimed by both the Den
Nut and the Union Pacific.
MT reading this notice. Mr. Cornis
'1''u u IN the portfolio and said:
MAKING THE LONE BID.
~, an now ready to receive bids fo
Vb,l Is,,',r9ad property of the descriptio
rLh l have lust read"
mere was moments silence nm
" sI General Fitzgerald said:
md thirty-nlne million, eight hur
hn,s una eighty-three thousand tw
elrhr'd and eiEhty-one dollars an
16,,I,!y seven cents in the name
pur"h rI,ilzsorald and A. W. Kreicl
ITrt,Hhsing trustees"
Cornish said. '"''"er pause ana M
Th lhere any more bids?"
cop,t.e We're none, and the mast,
bona W receive bids for the sale of IL
haya ol me description OF which
tI1grN Fitzgerald replied:
ana 'V IN behalf of Louis Fitzgeral
M a. a. w. kreich, purchasing trustee
dr., sum Of thirteen million, six hui
A.. ana forty-fve thousand. two hu,