Democratic Sentinel, Volume 21, Number 42, Rensselaer, Jasper County, 15 October 1897 — Must Bid Above $50,000,000. [ARTICLE]

Must Bid Above $50,000,000.

Attorney General McKenna issued nn official statement announcing that the Government'had decided not to nppeal to the Uluon Pacific foreclosure suit, but to allow the road to be sold'in consideration of the Union Pacific reorganization committee raising its guaranteed bid from $45,745,059 to $50,000,000. The road, ho added, is to be sold to the highest bidder, but with a minimum bid guaranteed ns stated.