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Foreclosure On Shipyards


The Mercantile Trust Company of New York as trustee, to-day in the United Stated Circuit Court began foreclosure proceedings on its mortgages, dated Aug. 11, 1902, on the properties of the United States Shipbuilding Company. These mortgages were given to secure an issue of 5 per cent. sinking fund gold bonds of $16,000,000

Source : query.nytimes.com



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