The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-08
rvs OF RAILROADS
ICoNSIN CENTRAL PROPERTIES
RE I'D IN FOR THE REOR-
GANIZATION COMMITTEE
|AEA's FIRST CROP REPORT

es NJ. Barr, Formerly with the
reat Northern, Is Made Vice
PRESIDENT of the Santa Fe-FIat
teninI of RumOred Combination
between New York Central and
Pennsylvania.
se Wisconsin Central was sold under
hammer yesterday forenoon on the
t platform at Eau Claire. Wis, by
ial overwhelmingly Frank NJ.
{, to George COppen, chairman of the
sanization committee of the Wiscon-
Central lines, for $500 900.
special train arrived in Eau Claire
Thursday night, bearing a party of
Dad magnates, among whom were
-ge Coppell, William L. Bull, John
by Brown, of New York, members of
Reorganization committee; G. C. Bea-
New York, counsel for the reorgan-
on committee; L. B. Brandeis, 'Bos-
assistant counsel; Howard Morris
Henry F. Whitcomb, Milwaukee, re-
ers Of the system; S. ]. Collins, gen
superintendent; R. B. Tweedy and
ial Master Hoyt. The sale was COM
I'd yesterday forenoon, Mr.. Coppell
g the only bidder, and representing
srs. Brown and Bull. The sale was
in fourteen parcels as follows:
Railway formerly owned by Wiscon-
r. Minnesota Railroad company. ex-
ing from Abbotsford, Wis, westward
hippeWa Falls, a distance Of about
miles, $50, 600.
Railways which were formerly owned
he Chippewa Falls & Western Rail-
company, $4,000.
The railways and property formerly
ed by the Minnesota, St. CroiX q
Eonsin Railroad company, $3.50, 900.
= The lands in Chippewa county, SIC, 900.
Lands in st. Paul. $50, 600.
The railways and property formerly
ed by the Penokee Railroad company,
All spurs and branches Of Penokee
DAD $500, 900.
All franchises. lands, depot grounds,
llnal rights, trackage and other con-
It's, leases, privileges and all other
lerty real and personal, used in con-
BON with or appurtenant to said above
ribbed railways or any of them, also
of way ore yards and ore docks at
and, Wis, 100000
pany in Gogebic and Montreal River
$40 0G0
Bonds and stock of Wisconsin Cen
Railroad company, 100000
Improvement. notes Of Wisconsin
raj Railroad company, S120, 900
Bonds and stocks of various railroad
spanies, 81, 000, 900.
s Securities, etc, $4,000, and stock
py II. F. WhitcOmb and Howard
ris, receivers of Central company,
ecial Master Hoyt then offered the
erty in entirety and Mr. Coppell bid
1000 The sale lasted about fifty min
Securities and stock held by H. r.
&tcomb and Howard Morris, receivers
entral company $50 900.
ter the conclusion of the sale, con-
nce was held between the members
he reorganization committee and Spe-
Master Hoyt, at which 1t was agreed
the deeds Of the property be turned
In New York, on Wednesday, July
e party, with the exception Of Mr..
edy, left early in the afternoon for
Paul on a special train, and spent sew
{ hours here, leaving for Chicago at
clock. The trip was in the nature of
.ort tour Of inspection over the line,
8 the trackage into st. Paul and ter
oughly James J. Hill, president of
Great Northern. met the party at
depot, and held a short conference
General Manager Whitcomb and the
lbers of the reorganization committee
4. COppel1, to whom the road was sold,
seen and questioned regarding the
OF the committee, and the work
reorganization. He said in the course
general converse ton regarding the
he system viii be reorganized as the
eonsin Central Railway company. The
EN- was bought at public sale, and
paid 600 for it, that sum being
offer made by the special master
rs for the purchase of the road in
ntirety. The sum is subject to mort
Us and other outstanding liabilities
system will be turned over to us,
a new company formed, as I have
Gated, at once. New bonds and Sc
ties will be issued, and the new COM
z will probably make many valuable
expensive improvements. I cannot
outline the plans of the company with
degree of accuracy, as they have
been matured. The road will be
ed on better basis than ever be-
however, and will be made one Of
Strong lines Of the West in time We
meet Mr.. HOyt next Wednesday, and
i've the deeds of the property, after
fh the new company will assume con-
hen asked whether there was any
p in the report that the Corbin in
SITS were behind the purchase of the
Mr.. Coppell said:
he sale was made to Messrs. Brown
Bull and myself. We bought the
s,erty, acting as representatives of the
ganiZation committee, Of which we
. members. We are behind the sale: as
the report that the Corbin interests
Srolled it, you might say that I know
. ing of any such deal"
ward Morris and Henry F. Whit
b. general manager, the receivers Of
road, were interviewed, but had moth
definite to say concerning the future
IS regarding the road. Mr.. Morris
that the trip to st. Paul was made
the purpose of showing the members
he reorganization committee the ex-
mt terminal facilities in st. Paul, and
hg them an idea Of the needs of the
EN-. General superintendent Collins
General Manager Whitcomb, together
the other members Of the party left
special train at 5 o'clock for Chi