The citizen. (Frederick City, Md.) 1895-1923, 1902-01-24
A SSIGNEE MORTGAGEE'S
PUBLIC SALE
OF THE
CATOCTIN FURNACE PROPERTY,
at Catoctin Furnace, and
BUSINESS AND DWELLING PROPERTY
in Frederick City, in Frederick
County, Maryland.
A SSIGNEE MORTGAGEE'S
PUBLIC SALE
CAToCTIN FURNACE PROPERTY,
at Catoctin Furnace, and


County, Maryland.
BY virtue of the power of sale contained
in the mortgage executed by Ernest Sharp
and Wimilla I. Sharp, his wife, to Harry p
Gorsuch, George Houck and Charles p.
Levy, Receivers of the Catoctin Mountain
Iron Company, of Frederick County, APP
pointed in the cause No. 6sS1 Equity, in
the Circuit Court for Frederick County,
Maryland, in Equity, which mortgage is
dated on the date April 18th, in the year
1899, and duly recorded in Liber ID. H. H.,
No 6, iolios II, etc, one of the Land Rec
ords of Frederick County, Maryland, and
which mortgage has been duly assigned to
Lawrence J. Morris, on November 9th,
1900, and whereas the said Lawrence J.
Morris duly assigned said mortgage to the
Fidelity Mutual Life Insurance Company
on the date January 4th, in the wear 1901,
and whereas the said The Fidelity Mutual
Life Insurance Company, duly assigned
said mortgage unto William L. Rainey, on
the date April 10Th, 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 under
signed as Assignee Mortgage, will offer
at public sale, mt the Court House door, in
Frederick City, i'll Frederick County, Mary
land, on
FRIDAY, FEBRUARY II, 1902
at the hour of - o'clock, noon,
all the following property mentioned in
and conveyed by said mortgage, and being
all the real estate so described in the deed
from Harry p. Gorsuch, ct al, Receivers,
to Ernest Sharp, dated April 18th, 1899,
and recorded in Liber d. II. H., No. 3,
tollos, GA, etc. one Of the Land Records
OF Frederick County, Maryland, and con-
sisting of,
FIRsT.-The property known as
THE CATOCTIN IRON WORKS
and the lands thereto attached, situated on
the Frederick and Emmitsburg turnpike
road, at the base of the Catoctin range of
mountains, and about II miles from Fred
erick City and about miles south of
Thurmont, station on the Western Mary
land Railroad said Furnace property is
tOhhSNtNh WIN tlIO lulllOdNl llCullOutu Nv
railroad known us the Monocacy Valley
Railroad. The land in this tract is about
1000 acres more or less. The improve
ments on the property are:
(a) A COKE FURNAoE,
lately put in gobd condition throughout,
and now engaged in making iron, at the
rate of about % tons per day, and with a
capacity of between 40 and 30 tons.
(b) A CHARCOAL FURNACE,
now Invested of machinery.
(e) ALARGE FRAME MILL,
Mith ample water power, formerly used for
grinding, oxidizing and preparing ochres
and umbers.
(d) A large
FRAME STORE AND OFFICE BUILD
(e) A large two-story we'll built and
| lately repaired l6-room
DWELLING HOUSE,
with all the necessary outbuildings.
(f CARPENTER AND BLACKSMITH
SHOPS, CARRIAGE, LUMBER, CORN
HOUSE, STABLES
for 30 horses large ice house, etc
(g) About
60 TENEMENT HOUSES
for the use of the employees about and at
the Furnace and which are capable of
yielding about Sl20 per month rent
The entire property has been repaired
and put in good shape within the past
eighteen months and possesses all the ac
cessories of going business in good con-
dition. There are on this tract large de-
posits of hematite ore, which are readily
accessible, and are believed to be practically
inexhaustible. The ore is of excellent
quality, in close proximity to the Furnace,
and is now in use at the Furnace, the ore
mines being furnished with washers,
pumps, etc.
A deposit of magnetic iron ore of great
richness has been traced for two miles upon
the property; this deposit is undeveloped
further than by number of shallow
shafts, but there is believed to be every in
dication of a 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 shade and superior quality, cap
able 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.
This property offers rare chance for
capitalists and investors. With proper
management and capital to operate and de-
velop the many resources no better oppor-
tunity can be afforded for a profitable in
vestment and business.
SECoND.-A tract of about
5000 ACRES OF MOUNTAIN LAND
lying west of tract No. and adjoining the
same; this tract is largely covered with
timber-Chestnut, Locust, Poplar, etc
Tracts Nos. | and 9 will be offered
together or separately, as may be deemed
best by the undersigned on the day of the
sale.
THIRD.-All those