The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-08-04
SELL DEvLlN LANDS.
Trustees Receive the Necessary Per-
mission Today.

The. trustees of the Devlin estate
were granted the necessary authority
from the creditors of. the estate this
morning to dispose of a large portion
of the estate at public auction.
Where litigation involves some of the
property which the trustees petitioned
to sell the actual sale Will be post
poned until the litigation has been
settled.
The creditors gave the trustees wide
scope this morning The individual
pieces. of property viii be disposed of
in part or parcel as the discretion of
the trustees may indicate. Whatever
method will return the best possible
prices for the property will be utilized.
The property will be held at three
fourths of the appraised value placed
upon it by the trustees The ap-
praised value approximates 100000
clear of incumbrance. 1t does not in
clude any Of the coal mines, as ar
engagements will be made later to
liquidate these as the mind of the
creditors may indicate as best.
Thirty days publication notice viii
precede the actual auction of the
properties so that the actual sale will
not take place until the forepart of
September.
Il do not believe in a private SALE
said Cyrus Leland. one of the trustees.
1.-THE sale should be conducted openly
so that there may be no ground of
CRITICISM from anyone tndl ne QlQn l
! have a chance to bid or that the
creditors may claim that the sale was
not conducted to bring out the best
prices obtainable."
The creditors meeting this morning
was held in the federal court room
before n. H. LOOMS, special referee.
The meeting was lightly attended and
was over with in a short while.
The property which the trustees ex-
pect to dispose of by auction for cash
| includes: sos acres of land in Benning-
| ton township, Marshall county, Illi-
nois; 421 acres in Evans township in
the same county; 420 acres in Roberts
| township in Marshall county. This
land is appraised at $157,3 with an
incumbrance of $60,506
In Magnolia township, Putnam
county, Illinois, is 121 acres valued at
| s16.5O0. In La Sale county 262 acres
worth about sSO500. All of the coal
rights on 2.047.54 acres in Putnam
county valued at S20.472, with incum-
! brance of $11,36O Twelve hundred
praised at 100000 mortgaged for
| S61.777. Ten lots in MCGEE place
addition to Kansas City, No, togeth-
| er with one lot in Traders subdivision
to the same city with a total appraise-
ment of $4,000 and incumbered for
$19.CSO.
Practically all of the Topeka prop
erty is listed in the petition The
Walker building next to the National
hotel, the Devlin building at 702 Kan
sas avenue. the Office of the Mount
Carmel Coal company at II West
Ninth, the Real Estate building at 7O1
! Jackson, lots 470-472-474 Tyler street
one lot at 205 West Tenth, 1915
/ Buchanan street, the two residences al
1 1913 Topeka avenue and 1915 and the
unfnproved lots 1319-1323 Topeka
avenue. The total appraisement of the
above real estate IS given at s166. 800
with an Indebtedness Of $67,667
The 215 acres Included in the Dew
1 lin farm south Of the city is appraised
at $19s350. This is also included in
the petition.
Surface lands and town lots in
/ Crawford county appraised at S66.665
and incumbered for S16,4s5. Coal
| lands in the same county having an
acreage of 1874 acres. valued al
$21s,6I5 and fncumbered for SI17, 673
Coal rights in Linn county, Missouri
1.727 acres together with SIS acres Of
surface lands and lots adjacent to the
city Of Marceliue. Missouri.