The Birmingham age-herald., 1909-04-13

Noon was the time fixed for the sale. Quite crowd of spectators had gathered fifteen minutes ahead of the time, and those not familiar with the faces of all the men present might have imagined that few capitalists were on hand ready to make the bidding lively. But to those familiar with the reorganization plans, nothing exciting was expected. The sale was conducted by W, H. Hassinser,
 chairman of the trustees, who sat at the end of little table on the top step lead ing into the courthouse. The associate trustees John E. Morris and T. s. Kyle. and the treasurer to the trustees, A. R. Forsyth, were in attendance, the latter reading distinctly the description of each parcel of property offered for sale. As the courthouse clock was striking F MT. Hassinger announced that the sale would proceed as advertised. He called on Forney Johnston, of Campbell & John ston, to read the decree of the United States court ordering the sale. At the conclusion of this reading John ". Tom linson, who had been standing near Mir. Hassinger, read the following: To Whom It May Concern:
 Notice is hereby given at the sale by the trustees in bankruptcy of the South ern Steel company of the properties of said company, at the courthouse of Jef- ferson county, Alabama. the 12th day of April, 1909, of the pendancy of the fol- lowing cases and petitions attacking as illegal and void said bankruptcy pro- ceedngs under which said sale is made: Lewis Moreau vs. w. H. Hassinger ct al., in the city court of Birmingham, Ala. Walter c. Johnston vs. Southern Steel company ct al, in the chancery court for Jefferson county, Alabama.
 George H. Schuler, petition in the mat ter of Southern Steel company in bank ruptcy, in the district court of the United States for the northern district of Ala bama, southern division, pending an al- peal and review in the United States cir cult court of appeals for the Fifth cir cult
 Samuel I. Knight, petition in the matter of Southern Steel company, in bankrupt cy, in the district court of the United l States for the northern district of Ala bama, southern division, pending an ap- peal and review in the United States cir cult court of appeals for the Fifth cir cult.
 KELLOGG & ROE,
 TOMLINsON & MCCULLOUGH, Attorneys. After reading the above notice MT. Tom
 linson retired and the sale proceeded with
 out exciting incident
 MT. Miller sat snugly in a corner of the entrance to the courthouse, looking eager
 and alert. He held in his hand thick | batch of checks that turned out to be cash | ier's checks of the First National bank | of Birmingham, to be put up with his
 | bids as earnest money, in compliance
 l with the courts order.
 The Southern Steel properties were sold
 first by parcels The Underwood coal mines headed the list. Following pause of few moments MT Miller bid $S15 GOO and no one else bidding, he got it, hav- ing promptly handed to the trustee cashiers check for $5OO0. The next two parcels called out were the most val
 iuable--the steel plant at Alabama City, and the rod and nail mill at Ensley. For the former MT. Miller bid $l,2e00O over a check for $3O,00O on the steel plant bid and one for s10,OO0 on the rod mill bid. The entire handful of First National bank checks amounted to $1O0, 900.
 Next cannes the Virginia mines in Jeff