The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1911-06-24
STOCKHOLDERS DID NOT
REDEEM {. ar. RAILWAY
Under Present Ownership Rail-
road Can Be Rebuilt Without
Further Court Proceedings

IL has been generally understood. and
so published, that in the recent redemp-
tion of The Eureka & Palisade Railway
from foreclosure, George Whittell of
San Francisco acted for and the railway
was redeemed by the stockholders of
the company. This was the general
opinion regarding the transaction not
w~ithstanding the oft repeated state.
ments that the shareholders were act.
ing almost as q unit against redeeming
the property and would not put up any
more money for that purpose.
The recording here this week Of two
documents-an assignment and a deed
show that these rumor were not
without foundation, and that Mr..
Whittell, aud probably Ogden Mills,
had to come forward at nearly the last
moment and put mp some $50, O0O to
save anything of their already large
investment in the property.
According to the assignment. George
w. Heintz. who purchased the property
at the Special Masters sale. subject to
redemption. sold to George Whittell,
personally. and Whittell bought for
himself aud not for the stockholders.
The time for redemption having ex.
pred, and under the purchase from
Mr.. Heintz, Mr.. Whittell was entitled
to receive an absolute deed OF the prop.
erty from the Special Master. This he
has obtained, as shown by the records.
aud the old K. 81 P. stockholders have
now no interest in the property.
This is important. as the decks are
now cleared for action. According to
previous reports before any reconstruc-
ZION work on the railroad would be
commenced, Mr.. Whittell would have
to bring suit against the old stockhold.
ers for contributions, with the attend
ant delay Of at least another six months
This has been avoided by Mr.. Whittell
purchasing the property outright, and
securing a deed for the same from the
United States Court.
Mr.. Heintz's Assignment
The assignment of the Special
Masters certificate of sale by George
w. Heintz to George Whittell reads
in substance as follows:
That for aud in consideration of the
sum of $S4,399 n. to me in hand paid
by George Whittell of San Francisco,
California, | have transferred, assigned
and set over unto the said Whittell, that
certain Special Masters certificate of
sale, and all Of my right, title and in
terest in and to all Of the property
therein described and by said certificate,
sold to me, said Special Masters certif-
cate of sale having been issued to me on
December 10, 1910, by II. /. Humphreys.
Special Master in Chancery Of the
United States for the District of Ne
vada, in a certain action wherein the
National Bank of ID. .. Mills q Com.
pany. a corporation. was complainant
aud the Eureka & Palisade Railway
Company, a corporation, and Richmond
Eureka Mining Company, a corporation,
were respondents, and a duplicate of
said Special Masters certificate having
been filed in the office Of the Recorder
of the County Of Eureka, Nevada. on
January z. 1911.
T.. 1co Ia~xof I h.ra -,npta
set my hand and seal this 23rd day OF
May 1911. GEORGE w. HEINTZ
Special Masters Deed
Ia the deed TO George Whittell,
Special Master H.. l. Humphreys says:
"More than six months have elapsed
| since the date Of said sale, aud no re-
demption from said sale has been made
of the property and premises so sold, as
aforesaid, by or on behalf of any quail.
fed redemptioner, or by or on behalf of
any other person, and whereas the said
| George W. Heintz. the said purchaser.
did ON the 23rd day of May. 1911. trans
fer, assign aud set over in due form to
said party of the second part the said
Special Masters certificate Of sale and
all his right, title and interest arising
under and by virtue OF the said Special
Masters certificate of sale in and to al
the property sold as aforesaid"
IL is now learned that George Whit
tell, the present owner of the Eureka &
Palisade Rail way. did not pass Palisade
on his way East until last Tuesday.
having been detained in California.
1t 10 understood that after q meeting
with the officials of the United States
Mining Company at Salt Lake regard
ing a contract for the shipment of the
| Richmond. Eureka ores. and later a