New-York tribune., 1916-07-31
OUTGOING STEAMERS.
MASTERS SALES.
nrICr OF FORECLOSURES SALE.

NOTICE OF TORECLOstkE sALr'
IN THE DISTRICT COURT OF THE
United states for the Western Dlstrlct
Of Pennsylvania-Banke Trust Company
Complainant against The Wabash Plts-
burgh Terminal Railway COMPANY 's lhe
Equitable Trust Company OF New 1oTH
and Henry w McMaster and Francis II.
Skeldlng as receivers OF The wabash Plus
burRh Terminal Railway Company. Defehd-
ants-In Equity, No. IS, November Ierih'
Notice is hereby given that pursuant to
. decree Of foreclosure and sale entered III
the above entitled cause on January o.
1918. as modified by an order Med therein
June g. 1916. and pursuant also TO ancillafy
DEGREES of foreclosure and sale IN Two
causes between the same parties entered III
the District Courts Of the United states lor
the Northern District Of West virginia ana
for the Southern District OF OHIO, Eastern
Division. on the 18th day Of June. 1916. ana
the cath day Of June. 1916. respectively' the
undersigned Special Master VIII oner Tor
sal. on the 18th day OF August. 1916. at II
o'clock noon on that day at the entrance
corner Of Liberty Avenue and Ferry street
to the Passenger Station Of the defendant
The wabash Pittsburgh Terminal Railway
Company, situate at the intersectlon or
Liberty Avenue and Ferry street. -. the
city Of Pittsburgh. state OF Pennsyivania'
the railroads. franchises. property prem
ises. rights, privileges and inmunitles IN
said decree directed to be sold. said raii-
roads franchises property. premises rlghts;
privileges and lmmuntles Will be onered
The undersigned Will accept no bid for said
railroads. franchises property premises
rights. privileges and immunitles less tnal
Three million dollars f3,OOO.OOO) No Diu
will be received by the undersgned from
anyone Offering 10 bid unless such person
so Offering to bid shall have FIRST deposited
With the undersigned as Special Master as
a pledge that he will make good MS bld IN
case OF acceptance. the sum OF Two nun
dred and nifty thousand dollars tS25O,OOVl
In cash or by certified check upon any
bank or trust company acceptable to the
undersigned. or bonds secured by the First
Mortgage OF The Wabash Pittsburgh Ter
mlnal railway Company, dated May 10.
IgO4 mentioned in said decree, or certih-
Gates Of deposit therefor to the amount OF
Three million dollars (s3.O0O,O0O).
The undersigned will accept the highest
and best bid FOR said railroads. franchises.
property. premises. rights. PRIVILEGES and
immunities equal TO or In excess OF Three
million dollars (S3. 200. .00O), and Will 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 him OF them In
cash make payment In cash 70 the under
signed OF such an amount may be neces-
sary TO pay and satisfy the costs OF said
cause. any allowance as shall be made 10
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
counsel any sums which may he allowed
by the court I'm said cause. II any. TO any
other party 10 said cause or its. his or their
solicitors any taxes which may be lien
upon the mortgaBed estate. ana the obi =
cations OF the receiver or receivers IN SAID
cause for moneys borrowed by him or them.
whether represented by receivers certin-
Gates or otherwise with interest thereon.
In case any bidder or purchaser snail
fail to make good his bid upon its accep-
tance by the undersigned by making any
OF the payments as In said decree provided
In consummation OF his purchase. then the
sums paid or deposited by such bidder or
purchaser shall be forfeited as penalty
Tor such failure and shall be applied tow
ard payment OF the expenses or re-sale
and toward making good any deficiency or
loss in case the property shall be sold at
less price upon such resale and for 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. II 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 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 to be paid
and Cancelled or 20 have payment on ac-
, count credited thereon. First Mortgage
The undersigned is authorized by said
decree In his discretion to accept tempo
rarlly 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 II
holds First Mortgage Bonds or coupons is-
sued under said First Mortgage OF the de-
fendant Railway Company subject TO the
order OF the undersigned and will deliver
them to him on demand for cancella lion or
other disposition according to the terms Of
the aforesaid decree
The court by said decree reserves the
right TO re-take and resell the property
upon such notice the court shall direct
In case the purchaser shall fail or omit to
make any payment on account or the pur-
chase price as In said decree required.
The purchaser or purchasers or his or
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
ertv ana receive the deed or deeds or 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
bllities. indebtedness and obligations Of the
receivers or receiver IN SAID cause. II 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 properly shall be delivered
TO said purchaser or purchasers
H. the event that such purchase or pur-
chasers or his or their sue cessors or as
signs shall refuse on demand 10 pay any
such Indebtedness or liability provided
In said decree. the person ~ persons hold
ing claim therefor. when established by
a court or competent Jurisdiction may
upOu ten daNs notice said puTchassr or
purchasers. their successors or assigns Al.
a petition In the above entitled cause 20
have such claim enforced against tle
property Aforesaid. b. accordance - '-
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