| Show U P foreclosure COMPLETED judge carshall nar shall flakes the last aces sary decree the decree of foreclosure of the first mortgage on the union pacific railroad was made by judge marshall in the federal court monday afternoon A company of of the most noted railroad officials and members of the bar of the united states were present at the transaction tildes walter sanborn passed on the decree recently and appointed judee william D cornish special master to conduct the eale in omaha and later repeated the proceedings in nebraska owa colorada Co lorada kansas and wyoming bis inability to be present here put the work upon judge there were present oliv r W mink and E allery Acde reon of the receivers and WR kelly general solicitor of the road special master cornish lawrence greer counsel of the trustees of the first mortgage and governor ex headley and gereral john C cowin of the united states the decree made on motion of mr greer provides for the belling of the whole union pacific system at the freight office at bome time to be set by jadee cornish after twenty days have been given the union pacific to redeem itself and our weeks lor adver tie ement the bid that can be accepted is and the drat mortgage la to be paid off from this the remainder it any Is aielt over boek to pay any debt doe the government the decree for the government ie similar to the one for the hist mortgage bondholders bond holders it provides for a double eale subject to the prior lien of the subsidy bonds of with interest making a total 0 with the speet price of and the in bonda in the united states sinking fund the latter eale must be made for par value the property 1 |
