New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-22
TEXT OF TIE PROPOSED AGREEMENT.

THIS agreement, mad" this day OF February
10y aud between Charles Francis Adams
president Of tho TnlOn Pacific Railway Company
Hereinafter called The Unkn Company, and also
president Of the Oregon Short line Railway Company
hereinafter called tho Short Line Company.
Henry Willard, president Of the Orgou and Trans
Continental Company hereinafter called tho Trans
continental Company, and
Thomas =. Oakos, president % the Northern
Pacific Eallroad Company GhorInaft"r callel III"
Northern Company witnesscth.
whereas, tic Union Company and IN" short Line
Company have h"rct0torc approved ~ a certain In.
rtrlment called the Arbitration Contract by AMI
between the said Northern, short Line and luton
Cumpauc, and certain persons designated hcr"In aN
manager, a true copy Of which contract Is annexed
hereto AMI marked schedule " ~; ami
whereas, M. Northern Company has approved u Tho
said Arbitration Contract" Cuudltlunally however,
upon the porfccling and carrying out II \ financial
plan whereby the Trhn,conu.unl Company shall soil
controlling interest II the capital stock % thn oregon
Railway and Navigation Company, AM whereby tho
stock 50 sold shall be- depusltci with trl,e" upon
such terms aud conditions A. shall pFuvd" for tho
exercise Of tho voting power thereon. ia tho samo
manner a. Is provided On the SnlA Arbitration Ton
ract7 for the exercise Of The vorIu. power H."u tho
capital stock Of tho Washington and Idaho Railroad
Company, tho Oregon Railway Extensions Company
and tho other railway companics rr'crrl 10 therein,
and
Whereas financial plan, together with the lnstru.
mont, 10 carry tho same INTO effect has been
prepared and has received tho approval
81 tho Executive Committees u ID" Trans
continental Company, the Union Company,
and the short Line COMPANY which provides for tho
price and terms oi sale by tho Trnn,cuninruu Com.
pany ~ all interest In the capital stock " tho
oregon Railway and Navigation Company, truo copies
OF which financial plan aud instruments ar hereto
annexed and married schedules aud
Whereas, It I, provided IN the said Arbitration
Contract" that the parties thereto shall CO..
operate In obtaining certain Modification, AMI aIicra.
tluns In the ndcnturc % Lease now existing between
the Oregon Railway and Navigation Company and the
Short Line Company, which notifications and altrra.
tlons ar, embodied In a modified mdcuturc Of lease.
true COPY Of which Is hereto annexed and marked
schedule --: and
Whereas II is drcmcd desirable that the said modl.
fed Indcnrr should be executed simultaneously With
the said Arbitration Coutrart7: aud
whereas, II has boon informally agreed upon by
the parties hereto that tho two person, hereinafter
named should be- elected mombcrs OF tho Board Of
Directors Of IA" Oregon Railway and Navigation Com.
pany as representatives. Of tho interests Of the short
Line and Union Companies as such election
can bo brought about: and
Whereas, considerable time must necessarily be 90.
cuped In completing and pcrccng tho details Of tho
said financial plan and Of the various Instruments
necessary to carry the into effect and In secur.
Ing the final consent Of the OaNis OF Directors ut the
said several corporations 10 tho execution and Dc.
livery OF the said Arbitration CONTRACT and financial
plan and Instrument and
A REFERENCE TO THE ENEMY.
Whereas By Of tho uufrendy relations exist
ing between certain Of tho companies named above
the one hand and certain Of the present directors and
officers Of the Oregon Railway and Navigation Com |
pany the other. may be lmpOSsIb bring about
the execution Of the said modified Indrnuc Of Lease.
Schedule and the election OF the said representa-
tivcs Of the Short Line aud Union Companies 10 tho
Directorate OF tho Oregon Railway aud Navigation
Company until the next annual election Of the said
last named company TO 10 held In tho month OF June
$40, IN tho Ciy Of Portland, Oregon; and
Whereas. the parties hereto and tho several corpora
Hons represented by tem desire TO settle adjust ami
harmonic all lItigatlOns differences and difficulties