Harrisburg to auction a trove of Wild West artifacts
The bankrupt Pennsylvania city is selling off Doc Holliday's gun, a Jesse James arrest warrant and thousands more such items.
Auction house Guernsey's will begin with a preview of the holdings on July 13-14, followed by several days of auctions ending July 21. Mayor Linda Thompson, who ousted Reed after he held the job for 28 years, estimates the city could net $1.2 million to $3 million, according to the Patriot-News, a local newspaper.
"We expect to be crawling with all types of potential buyers," Thompson told the paper. "I'm told there may not be enough hotel rooms."
According to media reports, plenty of cool stuff will be up for sale, including an arrest warrant for Jesse James, Doc Holliday's pearl-handle revolver, a battlefield promotion signed by Gen. George Custer, a 12-foot-tall bronze cast of Frederic Remington's "The Bronco Buster" and a Stetson hat that belonged to President Lyndon Johnson.
Harrisburg certainly could use the money.
The city filed for bankruptcy in 2011 because of a botched trash incinerator deal that Reed pushed. Since it's in default on its debt, Harrisburg is effectively shut out of the municipal bond market, which is what municipalities use to fund their day-to-day operations. Last month, the Securities and Exchange Commission accused Harrisburg of misleading investors about the state of its finances.
According to The Wall Street Journal, the city's woes continue and it can't afford to fix more than 40 sinkholes, among other things. Contractors also want assurances that the city will be able to pay them. Harrisburg has more than $300 million in debt, so while every little bit helps, this auction is hardly the answer to the city's prayers.
Follow Jonathan Berr on Twitter @jdberr.
Perhaps they should have stuck with a Gettysburg museum.
This is what democrats do - treat YOUR tax dollars like THEIR personal slush fund.
Maybe Obummer will send some bacon like he did to Detroit............
The liberals have every county, city & state in a financial crisis.
We need to get back to being a conservative people.
Debt adds interest, NO ENTITY in its right mind operates with a loss like that as part of a normal operations. When they do , they are stealing from the maqny( taxpayers )to give that interest money to a select group or orginazation. Why would we allow that to go on? that adds the compound interest costs to every single thing done and every single day also.
Can't fix a sinkhole, I bet them property values are in the sinkhole to.
Leave it to politicians, rather than the Cities agenda's they partake in their own Agenda's and the voters suffer the consequences, 28 years are moronic BS, some blind and dumb voters.
There's a old wild west saying, Get Out'a Dodge, ooops guess that's Harrisburg, just doesn't sound right.
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[BRIEFING.COM] The headlines generally favored Tuesday being another good day for the stock market. Instead, it was just a mixed day with modest point changes on either side of the unchanged mark for the major indices.
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