The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-10
NEWS OF THE RAIIRoADA
The New Deed or T~use Signed by the
Directors of the Union Pacific.


Directors of tho Union Pacific.
The new deed OF trust Of tho Union Pacific
was signed yesterday by the trustees. and the
work Of obtaining the signatures OF the cred
itors is proceeding as rapidly As can be ex-
pected. It will take ssvsral days yet for this.
There was no meeting Of the directors OF the
railroad Yesterday. az some had anticipated.
thinking that Mr.. Gould might have some
thing to say. MIR. Gould kept posted about
everything while he was away and the scheme
had his full approval.
BY the plan adopted yesterday the vari-
GUS banks, trust companies, and individu-
ais having loans OF the railroad agree to nc.
cept thrse-year n otes OF tho company at nine
ty.two cents on tho dollar. bearing 6 per cent.
interest in payment OF such loans. They sur
rendered their colaterais to the syndicate
or trustees. who will hold them in trust until
such time as the securities can be disposed Of
with advantage. Then the notes will be taken
up. The loans or floating debt. aggregated
about $40 900 900. and the collateral deposited
with the trust. OF which Mr.. j. Pierpont Nor
gan is the head. amounts to twice that figure.
The holders of more than thres-fourths Of the
loans have now agreed to the eed OF trust.
The annual report Of the sscrstary Q, the be
session at A,exandria Bay. shows that t24.ooO
was paid to bsnenciaries dn, ing the year.
There were 9Ol Nom bers admitted during tho
The work OF the secretary and treasurer has
40, increased that the association raised the
500 year f.r every $50 ~ embers,
The next Convention will Ge held In WASH
incton.
At "a meeting Of the. stockholders Of the To.
s ana Aansss were
s; II. kns-and: New York: s; r. Ca laysy.
Clarence F. Brown Toledo j. 81 stout New
g. lnsersoii. W. Howard. Glider, r., l. Russ,
F a.e HoboEsn N n. j. NO" ''A' anu na'''' Il
Association was in session Yesterday in st.
Louis Ths ma,ter Of articles entitled to
SHS saa 1h'v was s0'n decided e0 .dsps
a aEsHa, p Of which
Ne tn n. ID ss
tho proIosed uniform bill o. adinE; The N
,urss sss Sro sn rqbfY 81
ing. and in order tuat, the matter might
efer il to me%ssrs Sy letter. The matter to be
taken un by Tho legal der ,S OF the
nesting me- ,t OF the COMMITTEES the matter can be
aaani.ely dsposs Of 1t was or sas sn Ls. that
the sHssa se wsh
rates in northeastern Texas should meet in
time to report to the main body to. day: Some
der TO dispose Of the questions VIE III have
arisen by reason OF the opening OF new routes
in that territory.
AT the meeting Of the Western Freight, As.o-
Evansville. Cairo. and kindred points to the
Missouri River on The basis , Of the combined
inss met sa ,es'erav and estab .hed the same
rates from Sioux City to New Orleans via Kan
in Sa RIVER
points to interior Missouri River points was
| rate
Tho agreement Of last week to advance 4. the
ready gone 70 pieces; GspsTa Passenger n, er
Chicaea Crate rate app arplv from Titehe Ind. on Pa:
he will make the same rate per mile to the
Missouri River for basing purposes that Is now
asl9 rate. Tho rate clerks bad already met to
check up Pacific coRst rates on the agreea
| caused them to adjourn wi bout action.
The Atchison came out on top In lis last an
time ago q large number or mileage tickets
that got into tn, hands OF brokers were bought
The h0sf to s full sar
rn'ss, under provision Of the agreement;
. The Burlington also presented one ucket OF
\ the same kind for redemption. The Atchison
showed that manv OF these ticke,s had been
deem them, Chairman Finley decided that
! they must all he redeemed. and an appeal was
taken to arbitration, Tsattic Manager Murray
Shattuc OF r. Ohio and Mss,s.ip T and Nice
| citation. who we,e the arbitrators reversed the
| ruling OF Chairman Finley deciding that
the Atchison could not be compelled to redeem
| any OF he tickets.
"A, Chicago despatch says; Henry a;
sopther,n, Railroad. who is said to be wanted
| in Hutchinson. Kan. returned to his Office In
this city from st. Louis to-day. lilo denies tho
| allegation o! the ansas people. who charge
| him W tn embezzlsment and ask him.. as
President Of the oomranyoo S and /: +; Wise.
affair is a blaekmailing schs. and that ad.
vancss toward u settlement upon tho payment
Of $4,000 have several times been made; !
! il / should 20 West: and he replied tina, was
! not wanted saia Mr.. Christy. am ready.
/ in fact glad. TO go to Kansa. at any time. but
do not think the parties behind this want mo;
! They brought suit against me o year ago. and
when showed a DISPOSITION to fight it out and
not settle The suit was dropped"