The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-17
The Auction Sale Took Place In the
Little Omce of the Arsenal Be.
fore Interested Persons.
HOW THE MONEY WAS RAISED
DIRECTORS OF SCHOOL GAVE CERTI-
FLED CHECK FOR $4,000.
George f. McCulIOch Was Prepared
to Buy the PrOperty-Details
OF the Sale.

The United States arsenal, one of the
picturesque landmarks of Indianapolis, was
sold at noon yesterday to the promoters
of the technical school that is to be estab-
lished here. Major Miller, chief quarter
master of the Department of the Lakes.
u. s. A. had charge of the sale. Richard
p. Craft, of this city, acted as the auc-
tioneer. Medford B. Wilson. for the
technical school, made the bid and de-
posted SIS, 400 in the form of a check with
Major Miller as guarantee Of good faith.
There was but one bid and this came
from the trustees for the Winona Agricul-
tural and Technical Institute fund These
trustees are M. B. Wilson. John o. Perrin,
Charles Latham, A. A. Barnes and Frank
E. Gavin. The deed to the property will
be made to these trustees, who will turn
the property over to the directors of the
technical school as soon as these directors
give assurance that s154OOO more has been
procured with which to get the school
started.
DR.. s. c. Dickey said last night that this
money Is all ready and the directors will
be in position to assume control of the
property as soon as the War Department
has made the formal transfer. The depart
ment has thirty days in which to deed the
property over and vacate the ground.
CROWD IN THE OFFICE.
The sale yesterday took place in the
Office at the arsenal. Perhaps twenty-five
or thirty men were crowded into the little
room, each one anxiously waiting to hear
whether anyone else would make a bid
during the few moments that the auc-
tioneer waited before speaking the final
words lone hundred and fifty-four thou
sand dollars for last time" the auc-
tioneer said, and the clock on the wall
ticked off the moments. In the meantime
NJ b. Wilson had placed an envelope con-
tanning the sl5.4OO check in front of the
auctioneer And sold to-whom?" the
auctioneer asked when no one else spoke
Mr.. Wilson explained who the buyers
were and a moment later the check was
in the hands of Major Miller, who ex-
amined it and said it was satisfactory.
Hugh H. Hanna. Sol. C. Dickey, Gen.
James r. Carnahan. Major w. ]. Richards
and Rev. NJ. l.. Haines, members of the
hoard of directors of Winona Technical
School. were present at the sale A number
of others who are interested in the enter
prise were there George F. McCulloch.
general manager of the Union Traction
Company of Indiana, was also there. He
came early and was prepared to buy the
property IL the technical institute people
did not raise the funds in time. Mr.. Nc
Culloch is vitality interested in the es-
tablishment of the military post on ac-
count OF its close proximity to the traction
company's lines, and he was determined
| that the sale should not fall through
Lieutenant r. b. Clark. In charge of the
military force at the arsenal, and Lieu
tenant Charles Keller and f. NJ. Mccall
| lum, surgeon at the arsenal. were also
present
The committees In charge Of the work OF
raising funds for the purchase of the prop
erty did some active work during the
mornirg. The fund was $2l 900 short OF the
! actual cash psesseary. OF this shortage