The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-26

creditors si4. 50E.oo0. There viii s be aimee meet.
Ing o. creditors tomorrow. and II is believed
thss # a. further extension OF plan is necessary
THE MISSOURI PACIFIC DIVIDEND.
Il 10 Stiii IN the Air-some Wall Street ana
Corporate Methods Disclosed.
A jubilant feeling prevailed in Wall street
yesterday because It believed that Mr. jay
Gould had been beaten in an attempt to
demoralize the stock market One rea-
son why the financial community is 80 Bit
ter against Mr.. Gould Just now ia that
every one Ia loaded up with stocks and is con-
fdent OF prosperous days in the near future.
Naturally any attempt TO defer those days
arouses spirit Of resentment This circum-
stance. together with the memory Of Mr..
Gould's previous trinlngs with corporations to
tho detriment Of their security holders. has
ELECTED the cry: Boycott the Gould
stocks" But Wall street fashions change
rapidly and are hard to follow. Besides. the
memory Of the street is VIGOROUSLY bad and
its avarice Unsuitable. 30 It would not be sur
prising II the indignation OF to-day should die
out and be forgotten BY the next time an al
legged opportunity is offered to make money by
specializing In tho Gould stocks or In placing
Gould bonds.
However that may be. the present fashion is
to inveigh against Mr.. Gould and the securi-
ties Of the companies in the management OF
which he is tho controlling spirit Scores OF
brokers swear they will never have another
share OF Missouri Pacific stock in their offices.
that II their customers want to deal in II
they must 60 elsewhere. Officers OF financial
Institutions assert that they propose to dis
criminate against Mr. Gould's securities in
loans and in other ways force people out Of
them. Wall street looked upon the conde-
scension OF tho executive officers Of the Mis-
souri, Pacific Company to call q meeting OF
the Board for next week to consider the
question Of dividend as evidence that
Messrs. Gould and Sage were routed by public
opinion. Later in the day. when the street
learned OF the independent attitude Of tho
Union Pacific creditors committee. as set forth
above, it was certain that as specuator
ieW people InsW what Mr. ouids real nte ene
tsouss nna 5 wS Ss Masda na as
closing q condition Of affairs inside the com
them Know. to their shame be Il said.
Ss't 1hs actual s sSnds5S sRe It
purpose; AZ. A. to his intention to throw the
sufficient evidence to form an Intelligent
sRps in shas desen have bSsn
taken to ooerce ,creditors Of the company
to take such SECURITY for their claims as the
but is not entirely plausible. At the same time
his and hsp doss shae ones IN
Whatever may be the outcome 0, the Mis-
ri Aiyfdapd m oil Ia Ia int a.
ing to know what has taken place and how
the public came to get at the Intentions Of
the Is now W eaTnsd Messr 8.
Gould and Sage and George Gould discussed
the themsey SsS on
Known. This is the way that not only the pub. pub.
lie. PIT the shareholdsrs Of the company. big
were current late Wednesday afternoon but
ssP esRa dsne hsEs s abo or
sSs On tbaf %%SE ~ Wal
I'VE do not know what tho action of Mis-
souri, Pacihc's directors win be in the matter.
Rsss ben E?s ts fPs
several thousand dollars less for the first
seven monthss Of this year than for
tRe dsdenRd rate PAID darnS the 9s i
Of 1891 has not been earned to date. and it is
sa r ct efest Gya se9eby
floating debt-and certainly MI. Gould's recent
experience with coating debts has not been
Pacific s6ous 5ooo spss fund fGss psr
cent bonds into per cent bonds...a flu
full dividend will be declared siss Under these
circumstance. or whether it will be deferred.
or the rate reduced. as in the case Of Rock Isl
Board will have to decide. We advise our
readers to let the stock alone for the present"
mpntS haSpd intaryiaw
Russell Sage. This opened tho ball It started ted
the Wei street NEWS to work. and
one e them e. ont t%is SuIlsthe PONY minute.
clared on Missouri Pacific at this time. 20 The Hs
question Of declaring dividend will go over
Vim pc dssarsd: The payips q UNI
nanced by the directors Of the Missouri Pacific
II i Tn"Ss fact that
n heen usa any '"s dvd desd from ha ns
fSIni1 Ssma Tho reason given i, thas
proceed ntsdiy low The directors Of Missouri a
Il f shs css q ysT
bonds into 5 per cent. bonds.' p'' ''A~
other news agency. also relying upon Mr.. Sage.
published tho following:
Mr. Russell Sage snys: No action has been
taken on Missouri Pacific dividend, and do
not look for any action thereon to-day. ! can
not say that it will be reduced or passed. There
is no reason for supposing that any radical
There was meeting Of tho Executive Com
mittee Of the Missouri Pacific yesterday. Mt
which Mr. Jay Gould and Mr.. Russell Sage in.
formed the members Of tho Board that they
had personally advanced great deal Of money
lately. and had taken up number OF Iron
bonds. and that they wanted
tee as N" TO What Should be- e''" Done
about tho dividend at this time. One One
in tho suggestion" "if you hayn't cot tho
The views axac f srsmId ah ID
Sage. and it was thereupon decided to neither
It indefinitely"
The language Of Director Sage. he was the uu-
!. All day Thursday Vice President George
with difficulty by others, To those
whom he saw he was non -committal, and said
In the matter. Mr., Gould was not down town.
statement: "A meeting Of Missouri Pacific |
directors has been called for next week.
whether dividend shall be declared"