Show SOLD AT FORECLOSE K C P G Taken by Rs organization Committee KANSAS CITY SOUTHERN Old Port Arthur Route Built by Sill well to bo Operated Under New Name by Harriman and Others Price Paid Was Over Twelve Mil l I lions Strikeis Ditch a Car on Hart j yule Spur and Will be Arrested Burlington to Build New Line in Montana Railroad Notes Joplln Mo March HhThe Kansas City Plttyburg Gulf railroad was sold at public auction thIs morning to satisfy a 2U000000 mortgage with one years accrued Interest held by the State Trust company of New York Hut one bid was made that by l Silas W Pettlt chief counsel of Iho Philadelphia reorganization committee of 1500000 I he upset price Tho purchasers have to assume 21CSUMG of Indebtedness reprcsenilng tin principal of Iho bonds and interests theraon and the Interest on tIme defaulted Interest lo date of tIme decree All the bonds of thin road have been lllod with the icorgariizatlon com mlltce with Iho exception of 73000 and the purchasing committee will 5m medlately apply lo the Secrelary of State ut Jefferson City for a ners charter char-ter assigning Us business to the Kan say City Southern railway the now name previously agreed upon for the properly It lu announced time road Including time Kansas City Suburban Belt and the Port Arthur Terminal Dock conipanv will bo bonded Immediately Immedi-ately foi 530000000 The companyex pects lu lake Charge n April 1st ono year from time unto lhat the properly wrus placed In receivers hands Kansas City Mi March 1IE L Martin first nn ldont and ono of the builders of ilu m Kansas < ity Pittmihturg Gull today petitioned time Circuit court to advise him what he ought t to I do in the matter of the foreclosure sale of that property Mm Martin claims that lu is the receiver of the road and that nil the t proceedings had In th LTnild States court In I Uie receivership j Including the appointment of Merwf Fordyer and Withers as redIvors and time order of gale are i m null and void The court will pass on Mr Martins claim later I I |