davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
JERkOWSKI 4 sCHIFF STOP.
Llsbinties 100000 n uiiAer Grahaa's
A6airs In the Masds OF HIS Credltors.

Jerkowsi 4 SchtN. wholesale dealers In
clothing ut 40 Broadway. failed yesterday.
and the Sher 4 took charge OF the store. They
confessed judgments ior Sis.6i4. for borrowed
moaey-sl3.52l In favor CT Esther Jerkowski
and $5.o93 in favor o, Charles S. Baum. The
firm Is conf osed OF Marcus Jerkowski and
John SchiG. Dradstreets reports say that
In former years Mr. JerSowski was In
the rs'ail clothing business at Albany.
He came to New York about eleven years ago
and started In the wholesale business SUISSE
0uently admitting Max Ems. under the style
Of Jerkowski L Ems. They were very suc-
cessful. Jerkowski sold out his interest to his
PARTNER In January 1890 for $40. 900. and OBJ
tanned. in addition $4,000 bonus for the use
OF his name. he became PARTNER with Mr..
Schif in July l.9O putting in. It is sail. $4,000
cash. makitC the CAPITA Of the new firm at the
star; $4,000. Mr. SchiI had bsen in the
clothing business for several years alone and
as SchiT 4 FEEDER. A. A Baird was q partner
from September. 1890. to May. 1891. during
SchiN 4 Baird. Emanuel B!umenstiel OF
blnmsns,el 4 Hirseh. lawyer- for tins. lpdS-
81 s.i BUS
AID DEPRECIATION. The liahl! ties are about
$1,000 and the assets probably $50 900 %
business o. I aSon. i55o5So year. IVY 0''
Tie frs, judgments against Abrahm Packer.
vs. ifs w sne SsiS55 SSs s ss5s
Wax-lhaum and sI0.4l9 10 favor OF Frank
Roth child.
Thomas Graham. architect and builder. OF
l.2bs Madison avenue. Is reported TO be in
franc al difficulties and his affairs have been
placed IN the hands OF his creditors He had
Just finished q row OF siIht private dwellings.
2 TO H. East N!nety-second street. and was en-.
gagged on the Grahem APARTMENT hotal at tie
e.utrvest corner OF Madison avenue and
Eighty ninth street and two houses on the
419rih side Of , Lightly ninth str.es be'ween
Ing sl25 600 haze bssn paced oa the various
K O'Neii. 5000: Dawson / Archer.
fs4 500: Wilson. Adams. ( Co. 1871; Lee &
Conover.. s6.ll3: Josephine Collins. 5000,
George Gail 4 Co. $500: Fred Haas. 81 1885,
Graham 8 liabilities or. repor' ed to BE- about
$l5nw and nominal as sets constierably arg
Or. Fred Haas. John H.ey. and John Renehan
have tssn selected by thu creditors as trustees
to look alter the r interests. Mr.. Graham was
formerly assoc etad nth his father and broth.
ers for many years as c. Graham Il sons. and
stared slo.s in Sertsmh.r last CLAIMING
rrSp.r., : 10 ls Eat Ntns.y:.scosd s.!sss
stre., cos, ,2,.5no tsIl on MORTGAGE. with :
tu lding loan Of $4,000. The hotel property
cost $3.50 all on mortgage exert $4,000.
with a building loan Of $i5.nO0. This was the
first apartment hotel projected on the east
side Of Central PARK. II waa u cost 3l55,OOOs
ON Aug. IL last several OF the houses on
NineIy-second street were mor;Ragei 20 the
Gsrmsuia Lie Insurance Compsnyf or $4,000
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06

FEARf's HEADQUARTERS on NcOnN1cK BAY.
Leaving The islands orr eours. va. SHAPED
eIIecsssi;n o, MAX ing q speedy passage ssro;s
ssS ;.. :s:ss; n: ssss; si
iSssSS sS:ss ns i;
il. edge into The bev Us. rhu rum ard ,Sea
e ersn rs. X II. IT,
stuck he sturdy little nnss into the rack and
sssin ssr e"f tho
ice on Ccnical Rock. Annoying AMI dull As
snsss .hrse you'd b
Ths .ssidsnl ~; caused + sls.Fs az; Of
the whesl I, ON the hands 1.-THE men stationed
Nth fore. 10 .n.o sSs bon.
s.ls .as scarcity no Oh: . e.; a; sss
the lose & a finger. tn. accident has been &c
!T'n nnon ;R ne amour. o, work
Tor some weeks longer; but IL Win not inter.
for. with tho long slsdss Journey OF next
'ones free Of he ice and into the north water
PSrry into &hsle soun Ia' .D0 ''11o' >a''
At Pordsn Bay We stopped at Eskimo settle:
ment with q n pulatton OF sewn adults . d
I'VE children. and oe'arei some silver. ivory.
found no native. and then shaped . course up
the sound ior tho proposed cite Of tho house
near Cape Tyrconnell.
Our progress was Don stopped. howsv.r By
Of Herbert Island !" Cane Psu!ss - Coming
nhout the htte steamed up os'L;en Sorthum-
tsmIiei 4" 90, 10 The eastward through
Again the ,ee .1ten'ine from tn. east end Of
H.rrert Island TO the north side OF The sound
to g, fl Their up the sound, he winter Toe not
Yet having come our. he Kite was run in o
Corm!ek Bay. a"d A'tAre reeonnoisancs Of
both sh res nv houss Will re built on the eat
si TO- With An ouslOo: 10 tbs southwest and
front Nor:hu n hsr!and and Hak bnreh Islands.
The. site Of the house is briRh. with flowers.
and there are numerous traces Of reindeer:
abundant in the water. 1Traees Of NATIVE. are
more numerous than I had aniici' ated.. Al
laxs o,hers ytsl'ed sre svidsatiy only tenn.
been made haitsd fox trans an! caches Of
meat and blubher have b.en found. All indi-
cations are that tho expedition will not suffer
for provisiuns. R. E. PsARr.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
II. sw.. Faster tia. tho shark.

Yesterday morn ng cer'a!nly did no. onsr
what could lie caleb good bathing weather,
but some reople do not mind rain. and Nj.
Charles Ssabury & East New York 10 ono OF
them. As he stood. with a party OF friends
whom he hal ildu Ell 20 accompany him 70
Rocsaway Beach. unis, tho she!terlng caves
OF hotel. he remarked that whom man vas
once in the ocean /: d! not mater how much
water the clouds poured upon him. But Mr..
Seabury's friends ha! G ne down TO the beach
bu yed W by he hope tina: the rain would
ceR-e as the day woe on. They had @ inten.
tion %. fo!oving ihs!r leader any further, and
tant gentleman, true 20 his convictlons. dis
RID RIB ara'.i inset In bis new bathing
OUT! L., IAN Of re 3 stks's. aud roa LOG
81. iGi-nds .ooss on with mi0slsd lea ous1
AMI . m!EIIlon g'e'!Icsd no ipeinatlon 70
a rh' ~ o; ,eror, ani .wsr' i"r dear lie
v. y,ts close is6ina hin al he wsssh:
The huge savage nsh DID not seem 20 gain
mgra ~ L Mr.. seaoury. wlo was swimming
s9ar .Sasusted hSs. d ts vas s.: arsetica!ia
helpless " hen his fee, touched tho sand Had
I5a s .a s sos t na. t cr . s Inn fssH
i'to tho avs .! HIS passl-r Toy rushed
into NJ sea clothes AMI al. and dragged
asv, Jaw h,ns yn,il he touched me-.
OF Drardy la N zone meRsu revived b IN.
II was Clip AMI tucE To S-eh after that,
but swan fast II han lie i'd"
Then they al! walcte1 tho reSenous reaturO
that hairo nearly raisA rec lunch o! Mr.
seabnry. II cane ashore RAPIDLY. ana in ten
minutes the ble dsA rornoiss INST the swim.
mer had rubbed aGa.nsiw as stranded At theiS
fee.
the rarty went home by steamer. Mr., Sea.
bury a,oIA wore DRY clothes; but whenever
one OF his drrping friends whispered:
shArs. sesonry SWIM Tor your ilte. he was
VL!.rc 70 Sc! up something to wAa them.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
THEY WANT MORE ELETA TED ROADA
Uptown West Siders Unwilling to Wait
for Tonnels

The West Side Democratic Club OF Harlem
believes that the interests Of the northern Dor.
ton o: the city demand an extension OF the
present system OF elevated railroads moot
ing OF the club TO devise ways and means to
accomplish this was held on Friday evening.
Tho sub,sc: Was discussed at length. The
meeting was very enthusiastic one.
Everybody was o: the opinion that the great
increase in real estate values in the upper por.
ton OF Manhattan Islaud. especially on the
west side. was almost ent!rely due to the faclli-
ties for transit Afforded by the elevated roads.
1t was agreed tia. tho PRESENT system
o! rapid transit had proved practicable. and
that 1t coult be immediate y exten led. pend
Ing the development o! tho proposed deep
tunnel system. II permission were granted,
While Approaching the en- rts Of the Rapid
Transit Commissioners. who are sndeavortnG
TO furnish tho city with new rapid rrsnsit. the
Speakers wore all OF the opinion that the In
tsrssts II tine uptown districts would be pro-
moted by al immediate extension OF the sls-
waited roA:s.
These ideas were approved By tho club. and
resolu ions were adopted emnodyinZ them.
and requesting tho proper Ruthor ties to grant
permi, sion 10 the elevated road to extend
their lipaa and a low them 10 maintain and
operate the eNi-tiE g structure n Battery Park.
A Committee was app tinted TO present Q
copy Of the resolutions 10 tho Park Commis.
6!opers or sept. l6.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
NO MORE OF ~rHE kHEDIvE"
The CapaiA Orchestra Struck asA thsa the
9iaSers Deaasdea = Guarantee.


siasers Deaasdea = 0ssraatee.
Last winter . nan down IA New Orleans
wrote . comic opera which he called Tho
khedlve.- 1t was OF exceeding humorous
plot, the secret killing OF . sacred cat BY
young man who wanted In after years to marry
The kheiire's ward being at the foundation OF
the humor. In the latter part OF April this
was put on the stage. and It 10 said that New
Orleans went wild over 1t.
At any rate the snthu siasm was great enough
to rouse several estimable New Orleans NOR
chants into forming a syndicate to produce the
opern and get rich thereby. The syndicate was
called tho Imperial Opera Company. Now.
said the syndicate. we must expos ethistreas-
urs OF ours in New York. On the press no.
tices that We shall get thets We will grow ri.
In other places" so Mr.. II. b. Edwards. who
Is something OF musician IS we'll as theat-
rical manager, was sent on TO engage the com
rany He arranged to produce the opera at
Siolos Garden. not on magnificent sea e. not
tlen wa. last Thursday might 4 week ago.
The next day the PAYERS let 20 ut T.. Mana.
as ' he pe,ss ps ss. .s
AL to be in an insane asylum: He sad It was
though il was or the wrong side o. his mouth.
:, Nov the con psny's 81. aris, were paid up o
due them ansii next Tuesda1 nIsht; Sosso
with the thi,tsen extra musicians hired to
supplement- the regular orchestra a. Siblo's.
Their "a aries fell due last Thursday night.
The leader Was Albert krauss. Manager Ed.
wards SAYS they never came to him ard asked
for their salaries. They sImpiy waited until it
was time Tor ii, curtain 81 up Then they
refused to play Here you may imagine cX.
cited bu. whispered arguments. the house
There was $50 In ~ waiting all the time. At
last the curtain want up 90 a compromise
But Manager Edwar,ls had no monss on
Friday night. The syndicate in New Orleans
had been rea ling tie papers and dectied that
II had paid out enouRi money. 1t refuse to
send more. SO Leader krauss and his we've
extra musicians refused to play Friday night.
Again 'he house tabuut the same In size as
Thursday niKht'e house WAS k-rt waiting.
Finally Manager Edwards who can sing q bit
and read mus G a Bit climbed into the leaders
chair and led thu part o the orchestra that be:
longs to the theatre. He says he did well and
Manager Gilmore says 40 co..
after, DON. Yesterday morning N. people o,
now II tho musicians ar. not paid: We may
time came for the curtain to rise tho m pany
refused II sing. No salaries were due nn'il
Tuesday. hut still they cit that . guarantee
was necessary. The audience was dismissed
and money was refunded.
As no arrangement could BE- made q sign
Was hung out to the eFec. that there would be-
no per'ornan. at night This ends the APP
psarance o. The khed We" In New York. The
com rany Is looking for work. Manager Ed
warts -aJs he wishes he had stayed ia New
Orleans,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06

ysry differsnt man from genial Inspector An.
darsen. and finding 1t impossihle to OBTAIN
either akayah or q native interpreter to 60
along With US. returned his ofilclai cali. &C.
con'panisd By Pro-. Heilprn and Mrs. PeAry.
lifted.
Sun our charming weather kept with us. and
al night long. after leaving the most northerly
town on the globe with bow turned north
ward. the Kite steamed over summer seas
past the numerous red. brown islands that
guard this Arctic coast Through every de-
preston In the mountains. and IT, m every
hord head the marble surface OF tho inland
ice lookei down upon us, the erevassss In Its
lower p.rtions Visible At tunes with the n ak ed
eyo past many giant milestones hy which tho
whal.rs measure their advance in their yearly
oAtiles with the loo hoes. We steamed without
5 rel the Puck Islands, Z wel,.known rem.
waiting for the ice barriers OF Melville Bay to
open for them.
Al these islands We stopped iii Afternoon,
LAYING In supply. Of elder ducks which breed
here in thousands. Unfortunately We wore
to be edible
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
THE MILLIONS LEFT TO MR.. sEARLEA
Talk Of . Couprs0Ise Toilows the Talk
About VIII Contest.

Talk Of . Comprsaise Foiiows the Talk
About y VIII Contest
1t was said Yesterday that tho proposed con-
test OF the will Of Mrs. Hopkins-searles BY her
adopted son. Timothy Houkins. might be
abandoned The assertion that Mr.. Hopkins
had been called from this city to Methuen to
confer with Mr.. Searles as TO q probable set.
Element out OF court Was the foundation for
this story. Russell Wilson. one OF Mr.. Hop
kins's lawyers. who is staying at the Hotel
Brunswick. told Sun reporter yesterday that
Mr.. Hopkins Is not at Methuen.
MIR. Hopkins" said Dir. Wilson. left here
on Friday afternoon for Sockbridge. Mass.
where Mr.. Choate who is associated with Judge
Boalt and my.ef in this case has his summer
residence. He Is to DO Mr.. Choate's guest
until Monday. You can say that the statement
tia. Mr.. Hopkins has received cnmmunica.
Me,huen for conference is Without ioun-
Mr.. wilson refused 70 say whether or not
tied out q court. Judge Boat III, The Bruins
wien a. 4oclock Yesterday . ternoop Tor Bos:
some hing 10 DO With Mr. Ho iI eont eaI
tps !usri wha; hs u w9h no,ssy, .,...
Of NJ. Hoskin.. esr'e.s viii. was Suo,ed
yesterday As saying that Mrs. Hopkns. searles
od. ns HI H.sS,9 L : Mi
are 10 contest tho will on the ground tina; un.
due influence was exercise cd over VI rs. Hop
emotior al in anity. Con. Hubbard 10 said
e have remarked that, IT, they sue
coed in having her will declared In
valid they will gain 10 advantage as
there is no mention OF them wha'eyer 10 any
one Of the many wills made BY Mrs HOPKINS.
mer residence In York Harbor. Me-. since HI
sincs Sir. Wilson and Judge Boals. Mr.. Hop
kinss lawyers. arrived in this city about TWO
week. ago they have had several conferences
with Gen. Hubbard ana his law partner
Thomas + Sitllman. also an executor Of Mrs.
Hopkius-Seares will
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
UNoRATEFUL THOMAS NEvoE
Ready to selthe Faithful DOG that Valiant
IL Resisted His Arrest.


Thomas NcEvoy came to town from New.
burRh with his dog Tod'y. o handsome Gordon
setter, on Friday aud took freIuen: views OF
the METROPOLITAN elenhant through inverted
glasses. He started to walk homo. but was
overcome By fatigue at Forty-sscond street
and Madison avenue. Teddy was standing
guard over McEvoy's PROSTATE body whom Po-
licema. Rsesn came along. Rsgan started to-
ward McEvoy. and To-day started toward Re.
gar, with erowl. Reean drew his cur and
p.ster. :hoHns his teeth to tho bueeost
suasivo voice, to the ac-omrah msnt Of snap
ping nnRers. Bpt Teddy would not be per-
FinsIly McEvoy's hat teli OF snd rolled down
into !hs gutter, Teddy wen. .i.sr IT, and Re.
hooked . CO . under Toddy's collar and had
him rack pnti! b concluded that nobody
slept In . cell until ysstsriay morninG; Ihsn
they were taken tn Jefferson Markst MeEyoy
was fined - and went o1' with bis faithful dog
which no wanted 10 sell for S25, at his heslA
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
NEW FIGURES FOR THE GERMAN,
Aul . New Miuuet A moag the Thiags Con.
siSered ~ the D.aeiag Teachers.

sidered ~ the Dancing Teachers.
Teachers OF dancing from all parts OF tho
country bad a convention from Tuesday 10
Friday last week al the Grand Union Hotel.
They were members OF tho American Society
OF Profess RS OF Dancing. No one but full
nedgei professors was allowed 10 be present.
A committee. appointed to toll the newspapers
what happened. has Issued q report which
special importanc. to the dancing community.
Many new com positions were rre.enteh. talked
dances until they have been N use year. The
~ ord Minuet." composei by Horace ".
Beck OF Chicago; dance placed on trial 81 last
yeas convention, WAS RdoIted. and new
figures for the german were introduced.
These officer. were ELECTED; j, B. Brooks Of
Vice-Prssidsnt; C. II. Rivers OF BROOKLYN.
Secretary. aud Joseph I. Martin OF this city.
TraasnIAH
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
The KaeIsrl Qunrtet.

The Kneisel Quartet an orcsnization OF
me n hers Of tho Boston SYMPHONY Orchestra,
headed by Mr.. Franz Knstssl. The concert
meister OF the band. will give four concerto
this " inter- at Shsrrys p.w music hsIl. Thir-
ty-se, en- b street and Fifth avenue Although
the quartet has giv"n an annual series OF
chamber music concerts in Boston s.nce lSs5.
Il has never been heard IN this ctty.. Among
srtoire are Brshmss quite, No. , nlu ma or.
aud Boro iIn's D major auarte'. 9th new to
America: Bs-thovsn's ill.known Crosses"
ouartst. IA
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
A mig Crowd Chased the ~, Foo..r.

There was lively man chase on Eighth ave-
nue. Yesterday Afternoon. During parade .
big six iootsr grabbed pocx-tbook from .
woman's hand ond started on dead run. The
woman stated after him. shouting: Stop
thief" Officer Hotchkl ISIS went in pursuit, fol-
lowed bv "a big crowd. The thief turned into
Thrfy-tbird street aud raced eastward. The
crowd raned after him. making the street ring
with III. ir shouts. ohicer Hotchkiss oyer ook
stairs He said his name was lom Smith. Tho
police. don't know him. They will try TO dld
cut who La Is.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
For Co.ey Isl..A a.A Lo.x Branch.

From West Twenty third street. North River
and from the PAVILION. Pier New No. 1. North
River. the Iron Steamboat Company run their
boats 10 the iron piers At Copey Island and to
the Ocean Pier at Loas Branch. The {, ips for
tSs i.s AMI and four .rips 70 Yona B BAN a.
Tho travel on Labor DAY VIII be accommo-
dated with the usual week-da time table 10
both places. 1t 10 probable that after Tuesday
the oney Island boals will run hourly from Q
A. u. until +. N.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
More Seizure. from tn. W. n. saith.

There were further seizures yesterday from
the ship W. II, Smith. Just In from Calcutta.
The other day number OF vases were taken.
and yesterday India rugs ra,ors, table cutlery.
were csptu 1.-THE total value OF Tue sriz-
nrss runs over $40, the ship is / abs 70 seizure.
This matter will be considere next week.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06

Brewer George Fhret his wife. and seven
children arrived yesterday on the North Ger.
man Lloyd steamship Kaiser wilhelm ii.
Mrs Ehrst went abroad 20 get cured OF pull
nlonary trouble. which seriously threatened
her life. She spent nsary two years a!. .
health resort In siesia under the care OF dis-
tinGrish-d German physicians. Shs returns
much improved While In Europe Mr. Ehret
had two audien5es via tho Pope, and con-
lishing Q brsMNry at EtSJriehsruhA
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
Tssk the Deed - the Burial Plst - Sc
eurIty.

eurIty.
Mrs. Henrietta Ward. = widow. LIVING at 81
Oliver street. Is the mother OF ak children.
The youngest two were twins About ten days
ago one Of the twins died. Tho mother had o
MONEY to bury the child with. so she gave to
Undertaken w. J. Rlordsn OF 40 MONTGOMERY
street deed to her plot in the cemetery ~ 80.
curity for the I neral expenses.
Last Wednesday the. other twin died: and
whom Mrs. Ward sent for Kordsn he refused
TO bury the second child. He Alss refused to
give. M the deed TO tho plot In the c ms':ry.
As tho trustees o, tho cemetery refused to
graft . burial permit without the deed. Mrs.
Ward had Riorian sum NOR cd 70 Essex Market
Court s-tard.y. whore justice Smith oIds.rd
charged and tho woman went Away TO got an
other undertaken 10 bury her dead baby.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
o.. or o.rs,.s~s Enterprises stops.

The Asleep and Awake Company which Is
said to have gone out under the management
OF Charles Il. Gardner. who is directing the
Mrk Robert Ray Hamilton. closed It's season
81 Pottstown. Pa. on Friday. after . weeks
tour, Of ons-niRht stands. The COMPANY AZ
rived In town yesterday.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06
A seAoo, r..es.r co-m,.. Suicide.

UTICA. Sept 5.-Miss Nellie c. James. for
many years aschool teacher q this city. cos.
mtted gu eide by hanging to-day. She bss
not taught for some years. rho possessed scc-
siderable money. Her rash act u attributed 70
lemIoIaIy Insanity.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06

The veteran volunteer fremen OF Brooklyn,
under command OF President Nunson &. Brown
and accoEranied By their old double decker
engine. started YESTERDAY on y trip 10 Niagara
falt, They are expeeted back on "Wednesday
night
The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-06

These contributions were received at tho
Mayors oiico yesterday for the sufferers By tho
Park place disaster:
Sew York s'sts Il 'usr DssisrS s7so: Y. Holman /
son s?5 wism CImsr and Employee ei2a; 0oOds
Co ta7 sa: Andrew jVhRson Lodge 49, o. o T. So
TIL. total amount Of the relief fund Is now
S24,64 81.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-09-10
Union Pacific,Floating Debt Plans.

NEW YORK, Sept 9-Some misappre-
hension appears to have existed in imam
cial circles as to the plan to be pursued for
carrying the floating debt of the Union
Pacific railway the next three years. A
prominent bank president to-day said the
plan is for various banks, trust sompanles
ana other corporations and individuals
having loans OF the Union Pacific to agree
to accept the company's notes at three
years at ~ cents GU the dollar, and bearing
d per cent. interest in payment OF said loans,
surrendering their collaterals, which are to
be placed in escrow with a syndicate, or
trustees, more properly speaking, of whom
Morgan will be chief The syndicate is not
to put up dollar. The loans aggrt gate
about $40 900, 900, but whether the holders
have all agreed to sign the agreement the
gentleman did not know. Of course as such
of the deposited collaterals appreciate in
value and reach point at which they can
be disposed of with advantage to the rail-
road company, the syndicate is TO sell them
and take up the notes issued against
them pro rata. Banks and trust
companies may not like to tie up
so much money for three years,
but as the notes are to be issued at 90 cents
and bear per cent, they will pay about
- per cent, which is not bad invest
nent.
This explanation was confirmed at the
Union Pacific Office, and also by Russell
Sage and Sidney Dillon. 1t was further
learned that three-fourths of the loan
holders had agreed to the plan and that the
so-called notes would be in the shape of
certificates, or bonds, with interest bearing
coupons attached. Dillon said they would
not be listed on the stock exchange until at