New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-24
FINANCIAL ADJUSTMENTS.
UNION PACIFIC AND KANSAS PACIFIC In
HARMONY

THE UNION PACIFIC TO RECEIVE $40, 100000 OF
CONSOLIDATED sTOCK-NEw DjRECrOR6 Fon
KANSAS PACIFIC.
Tho settlement Of financial differences seems I'd -
the order of the day in Walst, aud tho efforts OF
the officers of several corporations which have been
in conflict have been successful In placing the reia-
tons of these companies satisfactory basis The
differences between the Panama Railroad and tho
Pacific Mail Steamship Company have been setttsd,
and il is officially announced that the Union Pacific
and Kansas Pacific Railroad Companies have come to
harmonious arran cement. For several days past Is
has been known in Wall-st. that negotiations were
in progress between the Union and kansas PaeifIo
companies. Tho result Of an announcement TO that
effect was to advance the price Of Kansss Pacibo
from 10 to "a, with heavy transactions Yesterday
these negotiations completed, and the cOnfiics
of interests which existed between the two cOrpor-
atiOns was adjusted on terms satisfactory to both.
Among the points in the agreement made arc tho
following: The Union Pacific Company agrees TO
merge it's Colorado Central Railroad into the Kansas
Pacific and in return is to receive SlO,0oO0O Of
the stock of the consolidated corporation. The cleo
ton for directors of the company, which will 10
known still the Kansas Pacific Railroad Company.
will I've held some time next week, and a number
Of the old directors will retire 10 make
way for Sidney Dillon, Jay Could James ID. Smith.
Oliver Ames of Boston, and Others representing tho
Union Pacific Company Tho Union Pacific aban-
dons all the Colorado traffic to the consolidated
companies and the latter relinqush their claim TO
pro-ratine and to all the NewMexican and other
traffic which does not naturally seek the Kansas
Pacific Railroad. Robert +. Carr will remain Presi-
dent of the last named company.
The terms of the compact which was entered into
are given below:
THE AGREEMENT.
It ia agreed between the Union Pacific Ralr,rd Com
pany and the Kansas Pacific Railway Company ~ for
lows
FIRST: The said Kansas Pacific Railway Company. In
corpOated under the laws Of Kansas ami the Colorado
Central Railway Company, incorporated under tho laws
Of Colorado shall be consolidated under the name of tho
Kansas Pacific Railway Company, with capital Of
OOO and all necessary and proper steps shall 10
taken to effect such consolidation in due and proper
form in accordance with the laws governing such r.
poratons and the parties hereto agree do all in their
power TO aid and effect tho same.
Second OF tho said consolidated capital stock $t0-
100000 par shall be Issued parties 10 be designated by
the Union Pacific Railroad Company, and thereupon all
outstanding shares of the stock Of the Colorado Central
said consolidated stock shall be issued 10 the Kansas Pa
CHIC Railway Gompany Party hereto 70 DC distributed IN
Third The Consolidated Company shall Issue its Con-
n,r 30 Years 10 run and bearing seven per cent interest,"
the principal and interest payable In lawful money Of the
shall also he secured by mort gage to trustee true
tees 10 be agreed upon such bonds and mortgage
contain such clauses and provisions ny he deter
pined by the Consolidated Company, and said mortgage
shall subject 10 the existing mortgage on the Colorado
Pses R s va and saeh otSse sa
not however, include any of the lands of the said Last
| mentioned Railway Company lying between tho 393d
and The AOJth mepOsts on the line OF said road which
TanrM: OF said $5C60OOO Of bonds, 81 ,256o shan
he used by the Kansas Pacific Railway Company Con-
original Kansas Pacific Railway Company at the rate Of
than 80 per cent Of their face exclusive Of in;
bonds shall be applied by the Kansas Parite Railway
otherwise, that amount OF an issue Of $li25,0OO Of
Outs andng bonds issued by the Arkansas Valley RJD-
Nay hG by parSs otrf the snn ns Of ss
I'm, OF said 100000 Of bonds, there shall 10
issued to the Union Pactc silroad Company bonds not
exceeding II. 800 ,000 which shall he used in eIngsb-
Company: and the Union Pacific Railroad Company
agree that the said last named Company when e1,ls1:
debt. which does not exceed -.
The h of 1sG sS @
main IN the Treasury Of the Consolidated Company aus
sa ps pds 81 to c "s sSs
mortgage bonds OF the Junction City and Fort keansJ
GCO OF second mortgage land bonds OF the
Kansas Pacific Railway Company so rs TO restore sale
bonds to the possession OF the said last named touipany
wEioh shall cancel ard DISCHARGE the $1,000 sscon!
land grant s ,Ss ns sSoy sse OF aS
kansas Valley Railway Company bonds mentioned ID ths
Fort Kearney bonds herein above mentioned. and tho
shall form part Of the assets OF the sadtonsohdated
Company. -. Ar,
following companies, viz. the Junction CITY and Port
Kearuey Railway Company, the Arkansas Valley Rail-
way Company, the Denver Pacific Railway aud Ielo-
era ph Company, the Denver Bowlder Valley Railway
Com any and the Colorado Central Railway Company,
owned either of the parties hereto sha be trans
fcrred and held by the trustees IN the n'e million
MORTGAGE before mentioned as iurtncr ahu aduitiohA
security for the said bonds . -
Eighih: 1t is further agreed that ", by re9Sn OF any
wnni OF authority the part Of either OF The psrtis
hereto they are unable 10 the objects hereby
sought b. obtained the mode herein provided, the
parties hereto To adopt any other proper and legal
mode either by contracts Of lease running or trofc ar
rangeu,ents or otherwise. to see ure such objects.
I'm witness whereof the parties hereto have amxcd
their seals this 2:id day Of April, 1875.
The Union Pacific Railroad Company, by SIDNEY Dill
Ion, President.
Kansas Pacific Railway Company, by ROBERT L. CARR,
President.
Before the execution Of the agreement between the
officers of the Companies, tho following document a.
signed:
tits understood and a;yrced that II the arraneements
for consolidation OF the Kansas Pacific Railway Company
and the Colorado Central Railway Company now pending
he caui ID out Union Pacific Railroad Company VIII
abandon to the Consolidated Company all the local iraic
in Colorado, and viii not interfere herewith and tat
the Consolidated COmpony will abandon 10 the Union
Pacific all claims TO rate on the u3ric west
OF Cheyenne, and that such instrument az may b. nee's-
sary carry out aud effect THIS Object shd 10 eAecute
Dated New York, April 3D. 1870.
The Union Pacific Railroad Company by SIDNEY Dill
LON, President.
Kansas Pacific Railway Company, by RoBr. L. CARR,
President.
RELATIONS OF PANAMA AND PACIFIC MAIL.
Speculation ut the Stock Exchange yesterday
received an impulse In the formal announcement Of thu
settlement the differences between the Panama Pa
cdc Mall and Union Pacific Railroad Companies. Treuo.
n. ~.