, 1881-01-28
Hughes Beats the Record OF
Ieowcll, tho Champion, by
Over a Mile.
A.B1oodthirsty Bloodhound Runs
Amuck Through the Prin.
cipal Streets.
Proposed Reorganization Of the Gov
ernment Of the Metropolis
ThurloW Weed.
TIE TERMS

.,..~lat Dttpat.h to 7ns Chicago Tribune.
NEw yottK, Jun. a7.--.l'he following Is
careful abstract ut the agreement by which
tho Western Union Telegraph Company
purchases tho assetS, plant, patents, frnn-
clllses. real estatn. and st0cks owncd
by the A,ncrIca,l Union ntHi Atlantic
Il Pacific Telegraph Companies, md
tho first that hl5 bccn made whlcl,
is absolutely correct. Tho purchase includes
MI the property Df tie two Companies on
cept tlotr franchises to be corporations .s'fllo
consideration pal,t to the American Union ia
100000 s!lares Of tho Western Uulon
stuck (par value slUO), to bu delivered
to tho Union Trust Company Tor
distribution in exchange for 100000
shares OF American Uuton stock and tho
s5,o90,oto Of American Union bonds. The
stock Is to ho exchanged sl!arv for share asId
The bnHt|s NJ par for stock al par. Tho Ancr~
lcn1i Union
CONTRACTS To pEfIvl:i. IT'S PROPERTY
free Of ilnus and incumbralccs, tint Its i'll
.tcbteslncss does mot md sliatl not excceA the
$780, e0o In honds. and Tint fts capital stuck
tlues hot exceed 10U,000 shares, alltt that THO
entire umonnt Of ifs bombs, not less than-
silarcs ot Its stock, sliwt biz exclsangeii within
threG days utter notice tint thu Western
DhADh 7sOAh IN 4NNNJ 4Nl VANuAk2<s AhU
consideration pa1d tn AtlaNt1c Il Pacific Is
~, 600 shares Ut Western Union stock. to DO
Issued III return for lA0,0u0 shares Of Atlantic
Il pnclflc stock Ut 800 share.
THIS ExCitASGE:
also Is tn be inntlu by the Union Trust Cunl-
paliy Mt tho rnte Ut three shares OF Western
Union for five shares Of Atlantlc Il Pacific.
The 74,0lO shares OF Atlantic IL Pacific stock
belonging already to tho Western Union
nrc to bH included III the exchange,
tts Western Union slares exchanged for
them tn be delivered directly to
t!to holders OF tho prasunt capital stock Of
Western uninn. Claims for fractions OF
Western Union shares when united 10 ms
to cDnHtttntp u vhlIo talllnl tn the par yHuu
OF threu shares vii! bn exchanged fur
AmcrIran unloM nnti, Atlantie. 4; iaciile
stuck II to l,e delivered by this Union Trust
E0nnnny tn tho Western uni0M telegraph,
Company. 1t Is next ugreMl that tito West
cru Union
SHALL. 1ScHI:Asl: It's cAtlTAt. srocx
by S:S ny ht1 ule ISSUE tn be 'lcl1yerc,i to tl!o
~ follows: s1S,5a''SGto III tho la'',''i lioevs 'uf
the. prrsunt (. shares Ut Western
ljnton to ropresent lta investment
stnco duly l, let3, AMI thu residue (S.s,, ,4U0,
Up)) for the pnrc!litse of .Auicrlean Union ani
Atlantic 4; 'aeltic. NJ hbhYe described.
T!eto s'nll ntso 10 distributed e tle
81 stock nnw III tho tnslpRny's treasury.
Western Union undertakes iii itlo trlcgraul.
and nil1Gr contracts Ut tho nttler. companies,
ainl particularly. tho Atluricnn Untnn agrro..
lDellt to Lease for enblD messages certain
wires tn the owtlvra nf tic t,ew cslt,tes ahtlt
to t,u lhttl ucross tho Atlnnsic provided tlpt,
II tho Western Union disputed my ut these
contraets. 1t shnlI carry them nut only rs tho
lind bullnsl tu do II
TIE TlsANaFEn
haI not taken pace, md provided that It Is
not intended tn include nny ut thti Atlantic
u lAcllio col'tiActs nr alleged contracts With
nil'iy w., 1;Grso''s or bo.iiea corporate now N
litigation or aftyerss cialn lsas nrtsuii.
l'hv rights, privileges, md Interests su.urcti
q the American Ultsoll by tho agreement 0t
,jIa bfp a1r@ ut uf %' parissaTi9 i aiG''ssS sxsrpti \
from tho !GnHlraets assYn,u.l by the
ax;rs9sii !;f9i that uH; IT,. railroa4's :, riElts!
Sstfx sr 3 !s ifssGf siFpiats s's'I
that THO Western Union alnll hs put intti
| ptsseaSltiti Ut tts purchase OH Fub. ~. AMI
that " atlall tlfllYHt The stuck to tho Trust
,,n to|apSnfy f t,at foF exchange y" or butoFo ths
| vltt: PURCHASE ASD sALE
atnl! l1o hol.t to sia!e from. Jan. last, a,.l
that aIl carnlnxs and expenditures III eti,ai
9f ths Eurcl'''sa,l 'Cot,,lA!nies slncn ,, tial
Mlates sl.at thu 'tssscta .of tho Central
Constructor. Company, uni NIL It's psnpyrties
discharges of It's tlahss s!sat! 10 turned oyei
1t any Ut tho, PARTIES to tho. agreo
lorate lauthorIty, Tequlslt for liz con