New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-24
MASTERS SALE
MASTER COMMISSIONERS sALES
Of Properties Of
MERCHANTS COAL COMPANY m
pENNSKIXANIA

MERCHANTS COAL COMPANY o.
PENNSYLVANIA.
Under and ny virtue Of decress ~ a.
District Court OF the United states foy -
western District % Pennsylvania sn,s,sz
in the case Of The Farmers Loan 49,
Trust Company. Trustee, vs. Msrchs,,s
Coal Company Of Pennsylvania, ct al ~
2s May Term. 1915. In Equity. ana a ~.
Dlstric, Court OF the United states Tor ~
Northern District - West Virginia enters<
in the ease case Of T hru. Farmer Lo.n ana
Coal Company Of Pennsyiyanis. 81 al, NJ
81. In Equity. tho undersigned Mss..
Commissioners will Offer al public auc,is.
TUESDAY. JUNE 18TH 1917
AT 200 O'CLOCK p ".
az front door Of Somerset County Can.
House. Somerset, Pennsylvania, the follor'
Ing properties ~ Merchants Coal c.
pany Of Pennsylvania hereinafter oslls1
Merchants Company.
fAJ brenda Mines and Coal Field s,.u.,.
in Jenner and Conemaush Tovnship.
Somerset County. Pennsylvania. az A..
scribsd in said DEGREES and n mortgas. q
Merchants Company TO The Parm.-r
Loan and Trust Company. Trustee eaf.s
April LIST. 1903. and Of record In the p.
cOrders once of Somerset County Perr.
sylvanls. IN Mortgage Book Vol. ~ ps,.
T. and In Office q clerk 81 County sorr,
Of Preston County. West Virginia. in Tins
Deed Book Vol 10, page thersiraf,er
called General Mortgage. CONSISTING !,
APPROXIMATELY LOW IS OF coal and 1ff
acres Of surface, and an operating cs,i
plant, with necessary equipment and An.
planes known as Orenda Mine. and o,ss.
buildings structures or improvements co-.
pleted. or In course 81 completion.
fBJ Leaseholl interest ~ Ner haris Or
pany IN properties situate In Elk L.
Township Somerset County. Pernsylvsri,
as described and referred 90 IN said isc-s.s
and General Mortgage a. continuing Ii
Lick Mine 40. 81 Merchants Company srs
IN rasnfsk
also described in said DEGREES and General
Mortgage.
(C) The estate. right. title and in,.r.s. a,
Merchants Company Of, In and to: M
tracts Of surface aggregdtlng approrlma,sly
1875 acres, 90 tracts OF coal sggrexstins
approximately is7.s2 acres. and (3) ease.
ments and rights % way. All az Witch ar.
described In deeds 81 record In Recorders
Once Of somerse; County. aad referred I,
in said DEGREES being therein designated AZ
"After-acquired Properties"
The foregoing properties Will he sold In ,hs
following three parcels:
% brenda Mines and Coal Fields a. .
whole;
az Elk Lick Mine No ?. including surrae.
IN connection Herewith. a. a whole. and
90 After-acguired properties a. a whole:
and will be sold free and clear OF all liens.
encumbrances and claims. which may hs hell
by defendants in above entitled cases. Ali ~
all persons claiming under such defendants.
except only the following respective liens.
90 brenda Mines and Coal Field will b
sold subject 10 lien Of:
% Bond and mortgage 10 John Fulton.
dated July 5th. 1902. and OF record in the Re.
cordsr's Ofice OF Somerset County. Penrsyi-
vanla. in Mortgage Book Vol IL. page tss,
securing principal indebteinsFs of t.esH
with interest from January i1, 1911
az Five per cent. bonds issued Jointly By
and Merchants Coal Company o. West VIZ.
giria dated March LIST, is0i. and secured b.
two mortgages or deeds Of trust from SAID
corporations 10 Fidelity and Deposit Com
pany OF Maryland. Trustee. da.ed March 10.
1904. and Of record. respectively. IN the Re-
corder's once Of Somerset County. Pennsu.
vanIa. in Trust Deed Book Vol. is, page ts3,
and in the Office OF the Clerk Of County Court
OF Preston County, West virginia. In Mort
gage Book L. page 252. OF which bonds
there are outstanding IN the hands OF the
public approximately $4,000, par value.
with interos, from March ist. 1911 sad
bonds and mortgage securing iae same belas
hereinafter called Joint Five BonfsD.
fB) Elk Lick Mine No ami surface coz
nected Herewith will be sold subject:
% To Joint Five Bonds; and
90 To provisions OF lease from keysfons
Coal Company 10 Merchants Cmpany. dated
November LIST. 1910, by the terms whereof
rental or royalty. amounting 10 fifteen cents
per short ton OF coal mined lhereunte, 10
reserved TO said Lessor
Under and by virtue OF said DEGREES Of
said Courts, the undersigned Master Com
mlssioners will also offer for sale at pusl's
auction on - -
EAT At 100 100 O'CLOCK A. IL.
a, front door OF Preston County Court houss.
Kincwood. West Virginia. the following prop
critics OF Merchants Company;
fd) Tunnelion Mines and ,oal Field, zis-
ate in Reno District. Preston County. wu.
Virginia. az described IN said decrees and
General Mortgage. consisting Of approx.
mately 400 acres OK eosi ana i'.s acres Ok
surface. and an operating coal plant. with
necessary equipment and appliances, kros1
fES Three Forks Field. situate IN Pres
ton County, West Virginia, a: described "a
said DEGREES and General Meftgsge. eoa-
s1sting OF an undeyeloped field Of spprori.
mateiy $500 acres Of coal and $40 acres OF
the foregoing properties. situated "a
West Virginia. VIII be sold IN i'n'"'ns
w" Ep IT Tunnelton Mine and Coal Field /" .
19r three Forks Field as a whole, and
will be sold free and clear OF Az ',."s
encunbrances and claims. which may %
held by defendants in above entitled esseS
and by all persons claiming undet sueh
attendants. except only the Following "
spectiye liens; r,.,a oil,
10 sold subject 70 lien Of mortgage. OF deec
OF trust from Merchants Coal COMPANY =,
West Virginia. TO The lnternstioHi ltus
Company OF Maryland (now bAitim.n'
Trust Company; trustee e,,S Ss'e ef Clerk y Il
County Court OF Preston County, "eN W
gtnia. IN Trust Deed Book No ~ pas =
securing bonds OF which there ar. W.
standing IN the hands OF ,ns p pi n;sr.
est from January lst. 1871. .s.
M Three Forks Field will be sold ss''
feet 70 lien Of Joint Five Bonds
TERMS OF SALE.
IN The following respective minimu"
bids will be required; 81, e.,a
"a brenda Mines and Coal Field "'''
900. n, .u,.
(B) Elk Lick Mine No. ,: Including ''''
face connected Herewith $lo,oo9 ..
fC) After acquired Properties sSo'vg,
(D) Tunnelton Mines and Coal FIGS
$50, 900.
,sJ Each bidder shall. at or prior ~
making his nrst bid. deposit with unas..
signed Master Commissioner IN .n', =,
states currency. or In draft issue1,
check certified. by some rcputao'e s,,-
OF New York or Pittse1rgn, oa an. fo!.
that he viii make his BID sood' INV
lowing respective amounts g.. ,,a
(A) brenda Mines and Coal fhid s-''-
tB) Elk Lick Mine No ,. including SUI
face connected Herewith $1,000 IA,
,Cb After-acquired Properties seooo
(D) Tunnelton Mine and Coal re''
5000. o
(E) Three Forks Field $4,000
tF) All properties $4,000 =, a..
(3, Each bidders check shan Dc -
turned TO him, II his bid shsl nov se -.
D cepted. bat. II his bid be- sccepssS. 49,
same shall be retained and csshed " y,
Master Commissioners. and the amour an a.,
the proceeds thereof shall be erenl,sn ~
the purchase price at which the propeiy
shall have been knocked down 70 ~.
bidder. Said sales are subject 10 eo""'"
ton By said respective courts
90 The purchase price for eaon o. =, ,hs
mentioned parcels Ness the amour, .. NJ
above mentioned deposit) Will DC pA,.s
upon delivery Of Master CornmissAon,.s
Deed therefor. and may be paid ID In M 4.
or in receivers certificates uieh,pns.
said DEGREES, or in General Ms,ss
Bonds and overdue coupons sccompsnny.ss-
such bonds. in such amounts re:ps s,s,S,
as the District Court Of the United 90 "A
Tor Western District OF Pennsyiysnis shs
authorize upon confirmation soso,u go
Master Commissioners return OF say. a..
upon failure Of purchaser OF any soen "a
, Gel 10 comply, within such time A.