The citizen. (Frederick City, Md.) 1895-1923, 1902-08-15
A SSlGNEE OF MORTGAGE
II PUBLIC SALE
OF THE
CATOCTIN FURNACE PROPERTY,
OF THE

AT
CATOCTlN FURNACE, IN FRED
ERICK COUNTY, MARYLAND.
BY virtue of the power OF sale con
tanned in the mortgage executed by
Ernest Sharp and Villa T. Sharp, his
wife, to Harry p. Gorsuch, George
Houck and Charles p. Levy, receivers,
of the Catoctin Mountain Iron Company
OF Frederick County appointed in the
cause No. oSSI Equity, in the Circuit
Court for Frederick County, Maryland,
in Equity, which mortgage is dated
April 18th, in the year 1899. and duly
recorded in Liber d. ii. H., No g. foios
II, ETC., one of the Land Records of
| Frederick County, Maryland. and which
mortgage has been duly assigned to
Lawrence !. Morris. on November 18th,
1900, and whereas the said Lawrence !.
\ Morris duly assigned said mortgage to
The Fidelity Mutual Life Insurance Com
pany on the date January 4th in the
year 1901, and whereas the said The
Fidelity Mutual Life Insurance Company
duly,assigned said mortgage unto Will
liam I. Rainey on the date April 18th,
in the year 1901, and all of which said
assignments have been duly recorded at
the foot Of and following said mortgage
on the said Land Records of Frederick
County. Maryland, the undersigned as
assigneemortgagee, will offer at public
sale at the Court House door, in Fred
erick City, in Frederick County, Mary
land, on
WEDNESDAY,, SEPT. 10th, 1902,
at the hour of ; o clock, noon, all the
following property mentioned and CON
veyed by said mortgage, excepting the
property in Frederick City,, and being
| all the real estate as described in the
deed from Harry p Gorsuch Fl a., re-
ceivers, to Ernest Sharp dated April
9TH, 1902 and recorded in Liber d. II.
Ii. No. ), folios Ola, etc. one of the
Land Records of Frederick County,
Maryland, located at Catoctin Furnaces,
in Frederick County, Maryland, and con
sistng of
First, the property known as
THE CArOCTlN IRON WORKS,
and the lands thereto attached, situated,
on the Frederick and Emmitsburg Turn
pike Road. at the base of the Catoctin
range of mountains and about twelve
miles from Frederick City and about
three miles south of Thurmont, a station
on the Western Maryland Railroad
said Furnace property is connected with
the railroad mentioned by a railroad
known as The Monocacy Valley Rail
road. The land in this tract is about
seven thousand acres, more or less. The
improvements on the property are
GAY A Coke Furnace, now engaged in
making iron, with capacity of about 10
to 50 tons per day.
(b) A Charcoal Furnace, now Invested
of machinery.
(c) A Large Frame Mill, with ample
water power, formerly used for grind
ing, oNdizing and preparing ochres and
umbers,
(d) A Large Frame Store and Office
Building.
(e) A large two-story well-built and
lately repaired I6.room Dwelling House
with all necessary outbuildings.
O Carpenter and Blacksmith Shops,
Carriage, Lumber, Corn House, Stables
for 80 horses, Large Ice House. etc.
(g) About 65 Tenement Houses for
the use of the employees about and at
the Furnace and which are capable of
yielding about $40 per month rent.
There are on this tract large deposits
of hematite ore, which are readily Access
sible. and are believed to be practically
inexhaustible. The ore is of excellent
quality, in close proximity to the Furn-
ace, and is now in use at the Furnace,
the ore mines being furnished with wash
ers, pumps, etc.
A deposit of magnetic iron ore of great
richness has been traced for two miles
upon the property; this deposit is unde-
veloped further than by number of
shallow shafts, but there is believed to
be very large and rich deposit of this
ore.
There are also believed to be on this
tract large beds of ochres and umbers of
rich shades and Of a superior quality,
capable of being mined and prepared
at a very low cost. There are also large
quantities of pure white flint upon the
property suitable for potteries
Second A tract of about
), 900 ACRES OF MOUNTAIN LAND
lying west of Tract No. I, and adjoining
the same; this tract is largely covered
with timber, chestnut, locust, poplar, etc.
Tracts Nos l and will be offered
together or separately, as may be deemed
best by the undersigned on the day of
sale.
All Of this property, except the 5000
acres of mountain land is subject to an
annuity created by the VIII Of John
Kunkel, late of Frederick County de-
ceased, now filed in the office of the Reg
lister of Wills for Frederick County, in
favor of his daughters, two of whom are
now dead, Mrs. Robinson and Mrs.
Hogg.
Terms of Sale, as prescribed by the