New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-14
MASTERS SALES.
,orICE OLE roRECLOsURE SALE.


IN THE DISTRICT COURT OF THE
United States for the Western District
Of pennsylvania BANKERS Trust Company
Complainant. against The Maoash Us
burgh Terminal Railway Company ne
Equitable Trust Company OF New YORK
and Henry W McMaster and Francis II.
Shedding, as receivers Of The wabash PITTS
burgh Terminal Railway Company, Deiehd-
ants--In Equity. No 49, November Aei"''
1905. . =,
Notice is hereby given that pursuant to
a decree Of foreclosure and sale entered 10
the above entitled cause on January 5,
1913, as modified by an order hled therein
June 2. 1916. and pursuant also TO anchiary
DEGREES OF foreclosure and sale in two
causes between the same parties entered III
the District Courts OF the United STATES TOT
The Northern District Of West Virginia and
for the Southern District OF ONO, Eastern
Division, on the 18th DAY OF June. i;lo. shu
the 2ith day Of June. 1915. respectively the
undersigned Special Master Will 0neT lot
sale on the 18th day OF August, 1915, at IL
o'clock noon on that day, at the ehttahCe'
corner Of Liberty Avenue and Ferry Street
20 the Passenger Station OF the defendant
The Wabash Pittsburgh Terminal Railway
Company situate at the Intersection OF
Liberty Avenue and Ferry street IN me
city OF Pittsburgh, state or pennsylvania
ths. railroads. franchises. property, prem
ises rights. privileges and immunities IN
said decree directed TO be sold. SAID iaI-
road, franchises, property. premises. rlghts
privileges and immunities will be offered
for sale in parcel and as an entirety:
The undersigned Will accept no bid Tor salc
railroads. franchises, property. premises
rights. privileges and immunities less than
Three million dollars t$3.0OO.o OO). No old
will be received by the undersigned from
anyone Offering TO bid unless such person
so Offering to bid shall have nrst deposited
with the undersigned as Special Master. as
a pledge that he will make good his bid IN
case OF acceptance. th[ sun I OF 1T9 n eSo1
in cash or by certified check upon any
bank or trust company acceptable TO the
undersigned. or bonds secured oy the r.Is'
Mortgage Of The Wabash Pittsburgh Ter
minal Railway Company, dated hay ~
1904 mentioned In said decree, or certin-
Gates OF deposit therefor 70 the amount OF
Three million dollars t3.0GO.Oo0l.
The undersigned will accepi the highest
and best bid for said railroads. franchises,
property. premises. rights. privileges ana
immunties eguS, TO 9oS OF ooa, md vii knock
down the property to such bidder therefor.
qualified as aforesaid. subject 10 cOnfrma-
ton OF the sale by the court.
Upon the acceptance Of any bid. the per
son or persons making the same shall AFTER
the application thereto OF any amounts
heretofore deposited by MN or them III
signed Of such an amount as may he neces-
sary 10 pay and satisfy the costs or said
cause. any allowance as shall be made to
the complainant for its services and dis
bursements and the services and disburse-
ments OF its counsel. the unpaid services
OF the receiver or receivers and his or their
BY the court In said cause. il any, TO any
other party TO said cause or its, his or their
solicitors. any taxes which may be lien
upon the mortBaged estate, and the obli-
cations Of the receiver or receivers in said
cause for moneys borrowed by him or them.
whether represented By receivers certlh-
Gates or otherwise with interest thereon.
In case any bidder OF purchaser shall
fail to make good his bid upon It's accep-
lance by the Undersigned by making any
Of the payments as In said decree provided
IN m
sums paid or deposited by such bidder or
purchaser shall be forfeited as penalty
for such failure and shall be applied tow
ard payment OF the expenses OF resale
and toward making good any deficiency or
loss In case the property shall be sold at
less price upon such resale and Tor any
other or further purposes that the court
may direct.
The complainant or any holder or hold
ers OF said First Mortgage Bonds may bid
and purchase at said sale. IL any sale Tor
which a deposit has been made shall not
be confirmed by the court. such deposit
shall be returned TO the bidder and the de-
posit OF any unsuccessful bidder shall be
returned to him when a bid other than
that made by him has been accepted.
The balance OF the purchase price not
required 10 be paid In cash may be paid
either in cash or the purchaser may satisfy
and make good the balance Of his bid IN
whole or In part by turning In 10 be PAID
count credited thereon. First Mortgage
Bonds or coupons.
The undersigned is authorized by said
decree in his discretion to accept tempo
rarily instead OF bonds and coupons. the
certificate of the Central Trust Company
OF New York, or Of any other trust COM
pany OF which he may approve, that IL
holds First Mortgage Bonds or coupons is
sued under said First Mortgage OF the de-
PENDANT Railway Company subject TO the
order OF the undersigned and will deliver
them TO him on demand for cancellation or
other disposition according 10 the terms OF
the aforesaid decree.
The court by said decree reserves the
right to re-take and resell the property
upon such notice as the court shall direct
in case the purchaser shall fail or omit 10
make any payment on account Of the pur-
chase price as in said decree required.
The purchaser or purchasers or his
their successors or assigns. shall. as part
OF the consideration and purchase price OF
the property purchased. In addition 10 the
sums required TO be paid. accept the prop
erty and receive the deed or deeds in
struments OF transfer thereof upon the ex-
press condition that he or they or his or
their successors or assigns shall pay. sat
isfy and discharge any unpaid current la
bilities. Indebtedness and oblga lions OF the
receivers or receiver IN said cause. IL any
such there BE-. other than moneys borrowed
and represented by receivers certificates or
otherwise provision for the payment of
which is made In paragraph IS Of said de-
cree. which shall have been legally con-
tracted or incurred by the receivers or re-
ceiyer in said cause In the operation or on
account OF the railroads and other property
covered BY said First Mortgage at any
time before said property shall be delivered
to said purchaser or purchasers.
In the event that such purchaser pur-
chasers or his or their successors
signs shall refuse on demand TO pay any
such indebtedness or liability as provided
in said decree. the person or persons hold
ing a claim therefor. when established by
a court OF competent Jurisdiction. may
upon ten days notice 20 said purchaser or
purchasers. their successors or assigns. file
a petition In the above entitled cause to
have such claim enforced against the
property aforesaid. In accordance with
Cha usuai practice In the caJs of claims