davidaulloa/AmericanStories huggingface dataset:
The evening world., 1891-05-12
PaniCky Feeling In Paris and London
Shows EfeCS Here.
Tie Market Weak and Lacking
in RalIylng Power.
No Improvement Expected Until the
Worst Ut the European Stu
alton Is Known.

The financial condition sbroad IL becomin g
more serious, and to-day, according to cable
advicps, the Paris Bourse was In a state Of
panic, and the foreign department OF the Lon
don Stock Exchange was scarcely any better.
The cause for this IL tie steady depreciation
In Portuguese bonds, whicn to-day sold as low
as go. Spanish securities are also heavy, while
the French 8 Per Cents have declined from
s2f. S5c. to 92L 80. British consols we're also
shade easier at 95 for money and 9ok for the
account.
Our market opened lower on these develop
ments, prices falling n to e at the start. This
was succeeded hy u rally OF y to 4 per cent, I,
but by midday the whole list was weak again,
the loss at the time named beinp equal TO Il a 4
as compared with the top figures OF the morn-
ing. London sold St. Paul and Atchison, and
Bel parted with some Of its Northern Pacific
preferred.
Stocks closed weak. The market shows nc
rJlying power. No improvement can be eX-
pected until the wort Of the Eur0p an si;ua.
ton Is known and tae gold shipments cease.
Conditions at home are all right and the
crops and the harmony among the railroads
will tell later ON.
ueiLelbaCn, lohelheimer 4 Co., have en-.
laged $500, 900 goli coin for shipment te
Europe by the steamship CITY Of New York.
L. Won Hoffman Il Co. say they will shiI
81, OOO 900 by the steamship Columbia. while
MuiIer, Sohall d Co. will ship 800, 600 Spanisi
gold to Cuba To- iuOrroR.
A canvass OF tue foreign houses shows thai
LaZRri Freres Will also snip $3.50, 900 gold cuir
tom brow by the steamship CITY OF New YORK.
August b 'lnOnt Co. sav they Will not engage
| auy further amounts tins week.
The London market closed better on the ccs.
| sation OF liquidations ami the receipt OF Con
tinen'a buying ordcra. II Ia generally helioyet
that the Bank Of Eng!ac discount rate Will b,
| advanced Thursday.
Money lent at Az a 8 ger cent. on call.
| The sales at the New York Stock ExchanR,
we're 265, T54 shares OF listed stocks and 2d4. on
| ounces OF silver.
The evening world., 1891-05-12
Win the First -Four
Easily at Gutten-
burg To-Day
5000 PEOPLE PRESENT.
Two Days More Will Wind Up the
Racing on the Hill.
rrprcrAI TO THE EVENING WORLD,


GUTTENBURG RACE TRACK. May IL. - Two
days more and the most successful meeting
ever held by the Hudson County Jockey Club
will come TO an end ut GuttenburR. II will De
the one hundred and eighteenth day when on
Thursday the gates finally close. Not day
hes heen lost since the 20th Of November last
and racing has continued uninterruptedly
since that day in spite of all kinds of weather.
To-lay's attendance was fully up to the
average, for nearly O 900 people passed
through the gates. Tho weather was q little
chilly, yet 1t was more agreeable than the
sultry weather Of the past few days.
The programme was an excellent one and
good racing was exI ected, for the track was
fast and In perfect condition.
The first race was a six furlong dash. De-
taulter was the Iavorte aud was played neav-
lily, which was strange considering his last
performance, when he couldn't raise a gallon.
From the way the betting went 1t Was evident
tnat Defaulter was trying, and the money
went on in humps.
Glory was second choice and was well
Played, as were also Pelham, Zed, lima B.
and Sam Morse, who were equal third choices.
The favorte won In the last jump from 81.
Patrick. q 20 to shot. lima B. was third.
The second found Baldwin q strong favorite.
This was because Hamilton had the mount ano
it was Dwyer colt. Sir George looked to the
shrewd ones the best play In the race, and theJ
plunged on him. making him q stron sesont
choice. Emma J. had quite following, bu
the others had no backing. The favorite 20
away two lengths 10 front and stayed there.
Sir George was seoond and Emma J. third.
From the way the betting went in the th,r,
race Alright was evidently all that his nam,
implies. The books only offered to agains
him.
Balshazzar was q strong second choice, Will,
Bratton was also well supported The favorli,
won in canter from the Petulant colt. Brat
ton was third.
The evening world., 1891-05-12
GRIOIROH OF Il" ROADS.
Jay Gould Proposes a Great
Scheme for Rapid Transit.

Under the provisions OF the Rapid Transit
act OF this year, which allows existing railways
operated In whole or 10 par, In this city to ex-
| tend their systems, with the consent and ap-
provai OF the X ip,d Transit Commissioners and
| the local authorities, the Manhattan Elevated
Railway Company has prepared plan con-
templating the building OF man , miles OF new
| rogd.
This plan was presented for the consideration
OF the commissioners at Q meeting held late
this AFTERNOON.
Jaw Goull and Counsellor Julien T. Davies
appeared before the Commissioners at their
ONCE, " william street, and explained and
argued for the ADOPTION Of their plan. There
ere presen: Commissioners steinway, Spen-
Ger, Inmau, starin and Bushe.
1t contemplate an almost perfect Grd!rou-
ing OF the city with elevated railway struc-
lures.
Mr.. Davies announced that Mr.. Gould was
present Us President OF the Manhattan Railway
Company TO ask ior extensions, such as ai4
provided under section 81 of The Rapid Transit
act, aud for other facilities allowed by that
section TO be given, such as the building OF
third tracks.
The principal extension askei for is from
'he iuHS-'"'fu s''ee' s'A''on VI se
avenue line up Broadway ana the Boulevard
10 one hunuieu Anu oe'en'e'" sie'', '
through Eleventh avenue to One Hundred and
Etghty-seventh street; through that street TO
h'uRsniage roau ~ e""e' Hue'non y.
Two huho'eu An' h'R"'eeh'" o"eo" w '.e
Harlem River and along The river 10 connect
with the present One Hundred and Fifty -nith
| suee' 'e'u'nu' .'"o s,Nu
Inc roAd aohg tue iNe' Ii p'auueu " p0
ouii' on phes' eu"apef he'Hou VI s'nS"u"
lion than Inc IRON.
| This 10 the main extension proposed. and
| w ould oman up the extreme north and west
| .,,. =, ,,,n ,,u u.,,.,,.n,i,o r.rm,,.-
sect'ohs D. 'ue ee"y-"anna'AH,''e
| vile, Washington Heights and inwond. Whcn
nAe ''' ' ~'"
| Hahs'.
| Other extensions proposed In this plan pro-
| vida for n new road on West street, beginning
| -. ,,. NJ, .,,,. -, -
Al the present bahery r'aoe ss'"n A"u 'u' IL
| ing into FouTieenth street at Tenth avenue
W." :, ,,. 80,
| lines IN that hHeet auu euu'us ~ '"o 'A''e''
Al Desbrosses street this road would be con-
peeted with a crosstown line which would run
| ~ -, - -.,. .s.n..,,,.
| tnrouRh ShuA anu IenHe sVeets' e"h"e''"b
with the Taird avenue line at the City Hall and
| p,,d,a .tst,on.
- -.,., 49,. >.,,s ,.
| SNORT line connecting the MINI avenue
| line with the sixth avenue through ClArEsUn
ns Ca,n,,no s,r.s,. .rd sI.,n svsnue. and /.
""N ~ -. - -
shuttle TO connect the west street line win
'"e - ,-,nas",, "r,.ns,on'
p'e'' '"e P'NP
o'her changes are contaminated, however,
au" '".ss , ,SeS 80 pas.s - s..,.or'-
The evening world., 1891-05-12
Successful Termination Of 1.-The
Evening Worlds" Fight in
Behalf Of the People
Board Of Railroad Commissioners
Empowered TO Make Tun-
neIs Safe.
Text of the Measure Which Rail-
road Magnates Must Obey.

Tae bill, whose objec, is to make the Fourth
Avenue Tunnel safe, has been signed by the
Governor aud ia now a law. 1t Is "A piece OF
legislation wholly in the interest of the people
aud enc that rtould have been enacted ten
yeGrs ago. 1t gives the State Board OF Rail-
road Commissioners power to OrGer the New
YORK Central Railroad COMPANY 70 make suoh
changes IN the construction Of the Fourth
avenue tunnel ana the running of trains
through 1t Ns the Commissioners may deem best
for the protection OF the travelling public.
The evening world., 1891-05-12
Discussing a Miliers' League.

The principal question before the Millers'
National Association to-day IL the advlsability
OF forming a millers' league. 10 nee that the
export iteigh' is shipped quickly, and not de-
layed ~ Il is now. President A. r. Jones
g ntd q Convention 10 order thia morning In
me call room OF tue Produce Exchange, and
ne ascnsnloD OF the league question began At
The evening world., 1891-05-12

mr. t,an
=, ,ns n,rI.s, aa,, ,n., Typ Eyvv,xo ~ op, n
na. %, ,n.,. ~ ,,. ,r,.r.,,. -, ,no n.on,e
AZ. s..,,,o,, =, -. ,..,,,. ,.,,ar a.
=. ,,a ~, VI Ca,.,s., p.nroas C,,nn.nv
ioo.., .alr,os, ,nsnrn,nnn,a,,a n,, !, w,.
n,.,.n ao,.n an, ,n. nu, ,ro. ,,as.o,
Tn. ,or,o- a, E.h M i.., IN ,vn,c, .,x ,,vs.
mar. loo, hr,rgn, ahon, an ,,,.s,,os,,on
s,nu,ng ,h., rho v,, ,,.,n. v.r. on, ,nr,ng,
,,. ,na,o, va. ohso,,,a,v n,s.,. .,a ~,
dsuv ,ne 1.-Two, ~ ,nonsands y, n.nn,s en,s,,na
.nd .o,n, ,rou IN. ,r.na r.r,ro, no,o,
v... .,.rad n shov.d ,,., n, ,,m.s
4, ,ar,,,n ,ar,. -, ,.. ,,,,o, on,,,oa,,
..,,, ,., go. ,h,,. 49,. .oI .,,,,,
tho, ,,rno, ,,n,. wa,. ,nv,.,,,o on,, mo; IN.
h,oo, .Ss,or, h,a No, ,vo,. nronor,v IT,
a.. ....., ,,., -, -. H. ,,, 80.
uan,,nn an, ,on,u.,,on 90. no,as..rv 7,
va. snovn ,r.arv ,,o, naa ,n.ro h..n ,,,,, In
tho ,unn., tba scciLapt von,d mt ha,. oc-
cu,rsd for the engineer NJ The cou,a,po train
No, o.a,s ,ha, ,no,a vo, onx ohs,rn.,,on
nm the ,,acr pn,,i IN. an1,,s vss nm inn n, 4,
u. had pap.ad NV the uob, s,gna,s simon,
s.s,n, ,nam and o,.r ,ho oon, sign.I vuhou,
hcor,nuu
qup pvv,,ya wou,p which wo. ,nv.s,,.
,,,,n, ,,a no,,or on a.. ovn o..or,, ,,nnd
,,a, r,,. voor. h.,ora n .,n,,u- ,o,,or noa o.
cnrred v,,,,n -, hnndr.a ., a, NJ tho sno, a,
wh,,, ,ann.r.d On. .o,,,s,,, a, r.n so. ., a,
,ives han tnen Teen ,os, anI,hst n Coron.r,s
,nrv and n Grand Jprv had tben nronopnc.d
rho ,nn,e, ppaata and laid tho h,,me on m.
Nav yo,r C.r,r., p.ur,., Comnan, vno.s
on,rars were he,d resnons,h,o
Tho Grand Jurv n, I'm, time q, tho n,.,e,,.
ment d,rec,oJ ,ha, the railroad comnanv
snor,, ,,,,, ana ven,,,a,e IN. ,rnn., On ora.,
~ omar, aoa,ns, fn,ure ,n,snuns Ru, the Mo-
yorr C.n,ra, ra,d ro .,,sn,,o,, N mi, msn,o,.
and ron ,,o ,roins m IN. ,amo roos,.ss No. y
un,u the secono acc,d.n, occnrred wnen nun.
uc on,n,op was an orcu.cd ina, the Comnsr,,.
omcers we've cordoac.nd,,o anonan N exp,a,n
,n,, the ,,,ns, c,pl. ne n.,,be, yan,ua,e,, NOR
r,nn,,d
T,,r p,,>,,,o vro,,n ,o,,,s, ,,t. r,a,o
| 80. ,,,o. an,, ,,,o,oo,,, ,,rn.,a ,on,,,.,., an,
,-,,o,,. 90 ,,,,.a,. .u,,o ,.ro,I. 81
- IN NJ VT ,r. and ,n o,no, o,,,a.
oonv.nIan, 80 ,n,sr,,aw.a .nn On.
esa n,,,on 80 go, 3D.. m,,,,ns
na ~on,,.,,r =, ~. -, 80 on,. :
ra,,., -, a~s.n.o ,anro.o,,,.,,,a =,
%n r,,'.,,,',H ,,yo, p., ,Ss"a,' ~.
,.".- -, -, ~ ,a. ,Ss
rons,s s.n,,. -, 80 .. ,no,on.S,s
',,-,
s,n".',. ,,'.., @ ~ ~
I.-' Ge'"e' ""n ,,, ".'e U'
n'AS'N1 "o"rD. NV u'as 'u"s "nI r'I".
."S S- .v - 80 S.s'",.
- go. ,,- n','., c" ~ e
corporation. however. still persisted that the
The evening world., 1891-05-12

Selling; half a mile.

Joe WAS the nrsI 10 starr, Witn Sunday,
Charley Post, Red Elm and Censor next.
He'd Elm rushed 10 the front In the nrst
furlonR anu leu the field around the turn q
LEM IN and nalf before Charley Post, who was
three lengths before Sunday. Amazon and Joe,
who were punched.
Charley Post took command In the stretch
ana won In n cRnter by three lengthA A
cracking finish Vas nad Tor the place, Sunday.
hed Kim, Joe and Amazon nniahing heads
apart aS named. 11me-0 4SA.
HfIh RAce-one mile aud q quarter Little
I'm won, Success second and Troy third.
Tme-2 llA.
The evening world., 1891-05-12
DEMAREsr IN THE WRONG COURT.
He Must Be Tried in Eric County.
Not in Rocklnnd.
ESPECIAL TO THE EVENING wonLD,

NYAcK, May l2-After testimony for the
pc ople in the forgery case against Assembly,
m.n Frank r. DemArest this afternoon, Judge
Cullen dismissed tae case from Roekland
County on the ground that the court had no
Jurisdiction Of the crime, as 1t appears 10 was
committed In Erie County.
The Court committed Demarest 20 the
County jail for thirty u Us to awtit warrant
for his arrest from the County OF Erie
lie uXed the rison-rs ,Hil Al IS, 900.
The Indictment considered to-day III the case
IL for forgery IN The second degree N the mat
ter OF the school tax tue the town OF ClarkD-
Buffalo.
The evening world., 1891-05-12
For beaten horses; six furlonss.

Sam Morae was the llrst to show, followed BY
GLORY, st. Patrick. Evangeline aud Zed. sam
Morse stayed in front for a quarter and then
gave way to Glory, VINO showed the way TO
the turn, with Sam Morse, lima B., St Pat.
rick aud Zed next.
On the turn lima B. took up the running,
leading into the stretch length before Glory,
with St Patrick and Sam Morse close up.
They were all punched at the eighth pole and
Barbee brought Deiaulter up with rush from
the rear anu won on the post by q neck from
St. Patrick, VINO beat lima B. length. Time
l. l6A.
Mntuels paid: Straight, 50. IS; place, s4.7b.
St Patrick paid $3S 95
SECOND RACE
For three.year-olds: sailing: ak and a half
The evening world., 1891-05-12

Alright was the drst 10 show followed by
Bratton BalshaZzar EssaYez nlly and Petulant
colt
In the run to the turn Bratton showed IN
ront with Petulant colt, Alright and EhSAyez
nlly close mp.
AirtiEht took second place on the turn. and
easily passing Bratton In the stretch won In n
canter BY four lengths from Petulant colt who
beat Bratton two lengths. Tme-l. o.
Mutuels paid: Straight, - 30; place, g. 4S
PetulRnt colt paid So. 10
RnuRru RACE
The evening world., 1891-05-12
Fell Down the Air-shaft.

Catherine Mccarthy, q domestic, this morn
ing fell down tue Sir-shaft from Ihs nfth 10 he
second moor, At 70 Pike street, and both her
legp were broken. She 10 ntty years old.
The evening world., 1891-05-12

THE PRESIDENT dear! II seems though can.
BiGn the of them
days having them things dH tangled
a s'raiDhten this ItdfG
SECRETARY OF F1GRICULTURE-YCs and I hdn't
the failure
year. guess things amr d0on jest right im Depart
BlBY lIcKEE-AIe too.
The evening world., 1891-05-12
Music in Mount Morris Park.

EOen's seVentT-urai Regiment band VIII give
a soncert at O'Clock tonight In Mount Morris
PArS. There are ten numbers on tue pro-
HTamIne.
The evening world., 1891-05-12

aRss. Sss dhSS &c s :DS g. e'H o.:
The evening world., 1891-05-12
For three-year-olds; selling; six and q half
furlongR

Baldwin got two lengths the best Of the
winning by a length and o haif from Sir
George who was last away.
Sir George beat Emma fifteen lengths for
the place. lime-l 22k.
Autuels paid: Straight, "a. so; place, q. s.
Sir George paid S2.65.
THIRD RACE.
For maiden tWo-year-olds; i've furlongs,
The evening world., 1891-05-12
Mining Stocks.

The following were the closing prices for
inning stocks ut the consolidated Exchange:
The evening world., 1891-05-12

ALL good doctors FsOOmmeud MoEnLEN's On
cIHNAiI LAGER fur kSspInE the pores open. -
The evening world., 1891-05-12

(COatinUsd on TAird Ra0c.)
, 1891-08-23
Personal POINTS.

Billy Lykins went tn Pine Bluffs yes,
terday.
+. W. Fink. OF the surveyor generals
office, will visit in Denver today.
Mr.. aud Mrs. John Horn, who have
been visiting relatives here, left yesterday
tor their home.
Jack O'Hearne and Chas. COons left
for Omaha yesterday afternoon after
missing four trains.
W. f. lawrence, who has been the
guest of Mr.. J. c. Coble OF Iron Noun
tain, returned yesterday to Denver.
Frank Campbell, a Coatesyille, Pa,
editor, reached the city Yesterday on a
visit to his brother, A. c. Campbell.
j. McCabe, foreman of timers and
pipe filters IN the shops, rel to North
Platte last evening to visit his family.
Thomas Medium, foreman of the
Union Pacific foundry and pattern de-
partment at Omaha. Is in the city visiting
friends.
Surveyor General Richards and family
returned yesterday from an extended
visit at their ranch in the northern part
of the state.
Tommie WATSON leaves for Kansas City
Thursday, where he will have his old
position with one OF The large furnishing
goods stores of that city.
G. Bloomfield, representing the Stand
ard Accident Insurance company of De-
troit, Mich, is in the city. The Standard
will again open a local Office here.
Chief Clerk Anderson went to Salt
Lake City yesterday with Superintendent
Wurtele on the pay car. He will Join
Mrs. Anderson there for a fve-day visit
with friends.
f. A. de Funiak left Yesterday for Pull
man, ILL.,, where he will visit the trinity
of Mr.. Harvey Middleton. Mr.. de
Funiak goes east for his health and will
be absent about three months.
Il. DAgget. a round house employe.
who died in the Union Pacific hospital at
Denver this week was buried in Denver
today. Dagget is a brother of f. A.
DaRRet, a prominent and wealthy miner
of Prescott, Arizona.
Frederic S. Hebard leav.s for Boston
today to attend the annual meeting of the
American Bar Association. He will visit
New York and Washington before his re-
turn, and also assist in the celebration of
his Vrandfather's ninety-irst birthday.
, 1891-08-23

1 got back of the scenes in a Detroit
family not long ago, and l have ever
since been cogitating rs to whether it is
not better to be self respectful than to
have undue pride. This family was
keeping up appearances at the cost of
real comfort. 1t occupies an excellent
social position, which it has held for
years, but the family income is not such
as to make it easy to be both ~presentable
and well fed.
AS a consequence, while a dinner is
now and her given TO friends the fam
lily fare is very scanty, and while there
is good clothing to wear for state occa-
sions, this is carefully preserved, and
when no one is about shabbiness is the
rule. 1t seems to me thatit is wiser and
more dignifed for one TO accept his cir
cumstances as they come to him, and not
attempt to lead a $1O,O 900 life on a 81, 900
income.-Detroit Free Press.
, 1891-08-23

How many men have succeeded in
life to whom not n single circumstance
was kind2 How often we hear people
say Of some worthless fellow, "Ah, well,
he never had half a chancei" But there
are plenty Of boys who have come to the
front in life's battle, who never had ever
y quarter OF n chance.
Take Thomas Ball, the sculptor, for
instance. He was but twelve years old
when his father died. The poor widow
Thomas mother. young herself, and
far from stronghold five young chill
dren. There was no more school for
Thomas after his fathers death. He
must go to work and help to support the
rest. He got a place in a grocery store,
where they gave him a dollar a week.
Not much, that-but what a difference
it made to the poor little family
From the time he was twelve young
Ball had always to work for the others
until they were all grown up
He had little instruction, even In his
art, and he never had that little until
after he had earned the money to pay for
it. ,But-he succeeded.-Youth's Com
DaniOn
, 1891-08-23

The time will soon come when our
mugwump friends will forget to apply
the thumb rule to the victims of compe-
tition. They will ask how it comes
about that %, 1000 men own one-half the
property Of a nation GO, 000, 600 strong?
How it is that one man can legally lock
up gold, thus dislodging millions in Sc
c%urities deposited as collateral, and then,
in the night of a financial panic, light
his way with the glitter of this very gold
to the wreckage and cart off the plum
der? How comes it that 1000 children
die annually from starvation in the rich
est country in the world, and a tene-
ment population revolving enough to
offend the eye of an eastern p~otentate
works on without hope, while Henry
Clews builds $4,000 onyx marble bath
rooms and Vanderbilt his palatial hen
houses. New Nation.
, 1891-08-23

ment, and the wonder to me is that those
who take an active part in the city govern
mem do not exert themselves to put a stop
to Sunday horse racing and Sunday base
ball games. Even the saloons are re-
quired to clsse their front doors only dur
ing the hour of church service. There
are vi conspicuous exceptions to the
Sunday law breakers-the COWBOYS, there
being neither card playing nor unneces-
sarv work allowed on a ranch on the Sab.
bath, and the newspaper men, for they
publish no MDnday papcr. It is TO be
hoped that when daintily neat Cheyenne
las is ~proshesied by its enthusiastic press)
becomes the Denver OF Wyoming" she
will not assume Denver air(-).
JEAN +. BERDAN.
, 1891-08-23
by the Silk Thread Line.

The second strike of the cloakmakers
at Oppenheim 81 Collins establishment,
which followed so soon on the heels of
the first, was settled yesterday in favor
of the strikers, the firm making an IN
conditional surrender. An agreement
was signed by the firm and by Joseph
Barondess for the men. 1t contains
twelve clauses, all of which are virtually
concessions. The men pressers are to
have their wages raised from $12 to $14
a week, the women pressers from So to
$40, and the strikers who had been paid
on salary are to be reimbursed for the
money lost while on strike.
Joseph Barondess marched the 200
strikers triumphantly back in a body in
the afternoon. The Office was decorated
with a red flag placed side by side with
an American flag in honor of the event.
The mode of calling the second strike
was an unique one. When Walking Del
egate Jacob Coan came to the establish
ment to order the strike the place was SO
~jealously guarded that he could comlnu-
nicate with no one inside. Looking up
he spied a girl at a window, and man
hged to attract her attention. He held
up . paper and she devised a means of
receiving 1t. She took a spool of silk
thread, and tying a small weight to the
end let the thread bangle to the ground.
The walking delegate tied the paper to
the end of the thread and it was hauled
up. The paper was n message from the
union ordering a general strike.
The order was obeyed, and all hands
went ~trooping down the stairs. The
members of the firm were astounded
when they were told that a strike had
been ordered, as they knew hat no
walking delegate had entered there
New York Sun.
, 1891-08-23
THE u. p. SYNDICATE.

New 1Ork world.
The scheme to extend the debt OF the
Unlon Pacific was completed yesterday at
a meeting Of the board OF directors, held
at the Office Of the company, No. 1876,
Broadway. There were present: Sidney
Dillon, president; Edwin F. Atkins and
F. Gordon Dexter OF Boston; Marvin
Hughitt and jesse Spaulding of Chicago;
Marcus A. Hanna of Cleveland, o.; jos.
II. Willard of Omaha; John Sharp of
Salt Lake City. Utah; Rufus b. Bullock
OF Atlanta, Ga; Russell Sage, Alexander
+. Orr. Greenville NJ. Dodge and John
F. Plummer of New York.
The directors were in session two hour.
They made the folio wing statement:
The holders of more han half of the
floating debt of the Union Pacific Rail
way company having asserted to a plan
for extending that debt by an Issue Of
notes for three years, the board Of directors
of the company today passed the necessary
resolutions to put that into effect. IL is
proposed to issue sufficient thTee-year 6
per cent notes to retire the entire floating
debt Of the company.
To attend TO this a committee of FIVE,
representing both the road and its credit
ors, has been appointed. The committee
consists off. P%ierpout Morgan, Edward
King, president of the Union Trust com
pany: John A. Stuart. president of the
United States Trust company; Alexander
f. Orr and Friedrich L. Ames of Boston.
This committee is empowered to increase
its number by two members, and the
board of directors has requested that {
government director be one of the two.
Beyond this all information about thu
syndicate has been withheld. The syndi
cate will place with j. Pierpont Morgan
who will be custodian. securities worth Al
present prices at east s37 900 600, agsinst
which $4,000, 900 worth of 6 per cen
IDS will be issued.
~ssy6dicate Of Quarantors will hav'