Show SALE IS ORDERED MiSt PI Decree e Enter Entered d Over Protests Protests Pro Fro tests of Attorney y for Minority Stockholders CHICAGO A April 27 27 By the Associated Associated Associated As As- Ez Press r-Federl r s-F s de l rudge Judge James H. H Wilkerson today ordered the foreclosure and sale o of the OO Chicago Milwaukee St. St Paul railway system now now in receivership No date for the sale was set nor fl fixed ed I was as the upset price Judge Wilkerson refrained from frem mentioning any any of tle var various variouS' Ou re reorganization reorganization reorganization re- re organization plans In his decree or which tte tle printed pages of were devoted largely ely to a review oj or or orthe the l holdings of the company compan and reciting that the company had sl 1 defaulted in pa payment ment of bonds and other indebtedness mortgages Judge Wilkerson said he he wo would la to appoint appoint- a master In chancery administrate the affairs affairs' of the road entered over the Ther d decree ee was was' protest 0 of counsel for the junior j bondholders derS Nathan Natha L. L Miller former governor gover gayer nor of ew York and attorney for holders of Ot t In junior bonds who have hae a petition for in in- in n in the r receivership proceedings proceedings pro pro- pro pro- Wilkerson before Judge Informed th the th cO court rt yesterday that interests of ot his clients did not demand that the petition n. n ordering foreclosure be postponed a a. Several weeks ag ago wh when n lie he presented pre pre- tor int n- n his petition vf I tion Mr Miller agreed d that the only way way out of th the financial n lal t tangle tangle tan tan- p- p was saS for foreclosure and anti sale to gle be ordered but bat Insist Insisted d' d that hat thed the ho date te ot of sale the upset price ard conditions of or reorganization should not be fixed without further deliberation J Miller also said In Jn his argument argo- argo argument ment that it It was a n foregone c m- m Son elusion that no others th than n Kuhn toab Co and the he National City of New York Or ort would b be in b bank to bid ld for the ex extremely remelY position valuable property through two firms which for tor years h have vO been the St. St Pauls Paul's bankers |