New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-14
RAILWAY INTERESTS.
THE sOUrHEAsrERN NEGOTIATIONS.
fR. BARLow's RELATIONS WITH THE CANADIAN
PACIFIC EXPLAINED.

MR. BARLOWs RELATIONS WITH THE CANADIAN
PACIFIC EXPLAINED.
lBr TELEGRAPH TO THE TRIBUNE,
Boston, Aug. pa dispatch to The Journal
from st. Adams the following is substantially
contract between Bradley Barlow and the Canadian
PACING Company about which has been written
The Southeastern to be sold TO the directors
of the Canadian Pacific at an upset price
OF S35oO0OO. and in Messrs Stephen, Mcintyre
and smith were TO for Barlow the OF
two notes Tor 100000 and 100000 respectively The
notes were discounted at the Bank Of Montreal Both
notes bore the Endorsements OF the above
named gentlemen. They further TO advance him
the sum Of $3.50 900 themselves; which was DONE They
reserved Tor themselves the option to purchase the road
at any time within two years OF the date OF the agree
ment Mr. Barlow reserved the right to decline their
option on thirty days notice. on payment Of his
Indebtedness In full, while they reserved to
themselves the right to call Barlow's loan thirty
days notice year and one month OF the time in
Guided In the agreement has already expired In I'D
don to the large which Mr.. Barlow has borrowed
be has put nearly, If net quite, all his large fortune
TINS venture, and since the agreement has expended
about $500 900 In improving the property.
AT the time when the above agreement was made II
was further agreed between Messrs. Barlow. A. b.
Chafee George stephen, Duncan Mcintyre aud
Donald A. Smith that the road should be
sold to tho Canadian Pacific for S5,oo0.OOO The
difference between that and the price
paid Mr.. Barlow sl.250,OOO.was to DO
divided as follows one.third 10 90 TO Mr..
Barlow, S2500O0 to A. B. Chaiee, and the balance
equally between Messrs. stevens, Mcintyre and Smith
Since signing the agreement Mr. Barlow has expended
under Mr.. Chahec's advice, tine OF 100000 lie
wished 70 include that amount IN amount
OF the purchase money. This the syndlc
refused To do Mr. Barlow since then has been irving
sell his rua1 to other pares but has been
50 IN consequence OF the cOmplca1pns in which he IL
involves with Messrs Chafee stephen, McInIyre and
smith. while they, seeing the lutilty OF his efforts
In dlsposnR OF his road, have forced an issue
by tue terms OF the agreement; and % collateral
security he pledged the ire stock OF the
Railway Will they still hold cola era security for
tner previous act
Representatives OF the Canadian Pacific say that com
pany h perfectly satisfied In having tue road sold to
the Chapman syndicate. They assert that they do
urs r. To put into the road and express
n willingness TO reinqnish claim the payment
Of the amount due from Mr.. Barlow. These
atrnents should not be taken
cav, as there appears to be good
for believing that the Canadian Pacific is planning
10 prevent the sale Of tho road to Chapman synii
cate hoping IN the event OF the failure OF tue negotia
lions now IN progress, lake the southeastern Itself
meeting OF Tue southeastern directors wall be he Ia
Montreal tOnUrrUw, wucn may be OF great Importance
Shaping he destiny OF that road hr Barlow
be present at tho meeting and Will DO represented by
Hon. IL. H. Smalley. OF Burlington