, 1881-06-26

agreement NtS1fti3 per cent Dull 10 LNO
Years hence. till when 5 per cent will oe paid
| The second preferred amounts to <3,eoooc and
| OIL thar . per cent will be paid. Nothing here Is
S..5U0,0N. but the agreement ns regards the rest
| provides Il perpetual guarantee of the !" "aoash
| and Of the Missouri Pacific
! the Gould syndicate in New York, and. IN fact
may lie called interested, stated to a Republican
| pending for some time for the purchase Of the
/ bridge in the Gould combination interest, and
| that he had no doubt but tha. matters have now
assumed such shape that the closing OF the bar
| gam will be made kuown in II short while He
has positive information that the parties have
wecks y M aud I that It vii BE- cfected il Is undcrS
stood tnt It will be purchased more specially in
the interest Of the Missouri Pacific and Wabash
railways.
OREGON Il T,ASSCOSTINESTA
s2ec,ct D!7;atea to 1hs Chicago 1rshune-
New York, June 25-A meeting was held
yesterday afternoon Of what is popularly
known as Mr.. Wizards ''Bliud Pool" aud
the syndicate which recently negotiated with
President Billings for the sale OF his stock
in the Northern Pacific Railroad. Tie mall
ayers of the pool stated that they discussed
the formation of 4 new company, to be eknown
us the Oregon Il Transcontinental Company,
with Il cauital OF $4,000, 600, which would
construct lateral branches, feeders, ETC., for
both the Northern Pacific and Oregon
Navigation Companies. The desifability
of purchasing controlling interest
By the new Company in both
roads was discussed. Mr.. Villard's
report Of his purchase Of President Billings
interest WAS read nnd a vote Of thanks to him
for his efforts was passed. -An insider states
that the new company had been organized
aud had on hand Ss,0oo,0oo cash which will
be used i'll the immediate betterment Of both
properties. He said that the formation Of
the new company was Il practical consollda-
ton Of the Northern Pacific and Oregon
Navigation Companies, and that tie object Of
the third company was to secure rights and
privileges Which consolidated con,- Our
cou ID not obtain, Mr.. Willard, Mr.. Roberts,
and others will have Next to 70 over the en-
tire line and decide oll many measures OF
Importance. He thought that the preferred
stock Of the Northern Pacific would pay )
per cent this year, and in Il year ortwo would
be retired and i per cent income bonds be
substituted. lie also believed that IN short
time efforts would be made to secure. for the
consolidation all eastern outlet, which would
maxi: i grand trunk line from the lakes to
the Pacific. 1t is reported that tue arrange
1nent bet Seen the two companies is to be
upon basis OF three shares Of Northern
I'acitlc common for one share OF Oregon
Navigation.
1t is reported that the New York, New
Haven IL Hartford Road will consolidate
with the Boston Il New York Air Line on 4
basis Of two sharcS of tue conl1non stock Of
the former for one share OF the preferred
stock OF the latter, and an equitable disposi~
tl0n ut the common stock A scheme Of this
sort was suggested some months ago by the
Air Line people, but came to nothing. It
has Of late been revived. and preliminary
steps in the matter are said to have been