The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-08-13
NEVIS OF THE RlILROiDx
The Plan to Relieve the Cniou pnelo,,
EloatIaE Debt Is Now Assured.

NEVo OC lhE NflLHOiD
The Plan to Relieve the Un,on rne,s,,
FloatiaE Debt Is Now Assured.
Tho directors OF the Union Pacific talked
moro favoi able yesterday about the PROPOSED
plan to relieve the floating indeb,e ness and
one OF them said that probably public state.
ment would lie made tonight or to. morrow
morning. The result was an active msrks,
with many buying orders from abroad 1t s
eaid that there has been some change 10 the
original syndicate scheme. Now the plan 10
somewhat similar to TINT OF the A,chison Com.
pany two years aRo. The creditors will ucrs.
to extend tho maturing obligations from two
TO three ycnrs. tho eventual PAYMENT being
guaranteed by a now syndicate to include
several directors OF the company tesdes var
GUS institutions.
1t was stated yesterday that Mr.. ]. Pisrpn
Morgan had finally given his consent to 10.
derwrite personally "a .OOO. 900 Of Union Paslhs
securities This is independent OF DrIt,
Morgan 4 Co.. II Ia said. Several Boston inH-
tutions Will assume the responsibility oiaeuA.
siderable portion OF the floating debt.
There is prospect Of new railroad from
the western shore OF Lake Mansgua Nisa1a.
qua. over the mountains OF Mstacalps AID
seQovta to tho head waters Of the Grand
dictate. through its representatve. Mr. Strong,
has made a proposition to the Governmsnti os
the construction Of this railway. and Iii Alto
accepted. II the road is completed Ihsrs vii
to direct communication between the NJ
ana The sea. as tho Grand River !. nsv!s,sl. .
100 miles from its mouth, The President
has promised 10 con,oke Congress z
!. to Ss , sS q IT,
lands. 1t offers to lend the GovernmsA
100000 at per cent, q month. Tho Govern
sn! 5ssp Tx on % S1y 81
posed railway viii meet with few ob:i.I..
n rnd will IL res. Il Nh ps1Is ~
planted over E;O0o.0o6 trees nndiwhers prsp.;
rntions aro being made for setting out several
John n: culr, general f,eich: agent q =.
come assstnnt traffic manager OF the Hiel
mond and Dan lilo line. He will go on sspL
7. He will bs located at AtlMnt.. CAP CAP ~ ~
Geen twenty-five yenrs with the Louisville ane
Nashville. No successor hos been appOlnsa
party Of snryeyors in the inte:es. Of H.
a tour through Cumberland. York an AdamsI
counties. i'ennsylvania, during the past Jew
Gays ior the purnoar Of locating new ,osd III
CumGerland valley near White Hills two m led
west OF Harrsb!re. and will take N L au, n
present touched By any ra Ir aud much
nearer 10 the great buttlsfclI.
sion oil the Com miss! oners o, in" western
Trafilc Association. the nj senie"s being
Aidssly FMithorn. and Smith; The n.,i.rs,.
taken from the Western Passenger Ass otias.1
to the Mestsrn Traffio Association wLs,I
Ts'.s e H o 5aS tfsmr n.p
only an informal discussion. The ii"ek ls!.k
coas sas Gni nns ny1s
ruling tina. tho rsnvlsions OF me WesIcr. rar
such cases.
A resolution adopted by tho c. tr, Ira Ins
Asso tatton ON March II provide ~ n.,, ius
March 80. would not extend beyond Auc ~.
Chairman Blanchard has Just .ss ued clleu.a,r
naming the rates on piG iro and RindfsIt am
ton to chieaso aad 8 10 en East ls st. S LUX
Icy are 81 sSsSanrins iei.ers. Air. 'l,,l'ss.
wro . to MIR. Finley on Aux. 1. asking wy 4.
continued 10 call Tor the Ailons vote On "S'.o
Ting such questions. [ nde.. the aa !se.
ment =. single member Of t1s Vs.
citation may defeat =, propos.ilon y to
negative vote. and Charlt"n, wAn,ea ,,Ss.
know II his company stl had tha' .s al.
Chairman Finley said that ,ht oblcrt ~ ,yhs
lectinR the Atoms vote wa, aimriy 10, IN, Ms
other roads know how l. stood ~ 9rdet M, M.
they might chanle Their, own rositi.n u ahe ~
so desired. This made ChnrlOn angry. NV "
wrote another OF his chn,nrteiis st lsmxn lol
Finley yestei day: scoring INA. i,nns nuss.
taking so much time -, answer sin . uuv II,
ton and recHiing similar oaT. -, ".iav N.
AGO when the CharmHn souihs 10 ueiAy Wv w
hearing OF The Anon aIpea' 'oi ''o'e'"''
lie said
m. ci,cuitous manner In which you nave rep.
IN. ,,u that sou were on your deIthe
.nh Il, ~ Vol, sny land m nee Of better one W
n,' nv. he, n az MAKE after the long rsueAl VIZ
60, bays IysrI 1" ih.uk ., oAt H. NY vusuion We
stu,,t. ,ne and was IN plain words, hhh cou!u nm
I..n answered ut Out aud IN one sentence. lhp,,
~. iIiu, ltirr the pretencs Ut collecting our Wy,
,oI have been mercy socitnH an opinion ~ Ne VA, ss
,hls no ,Wte woni have been gwen Gyuh lon ' III
i. not ony ir0,n corresponienee No nave ma t.ys
,ou Dut rom reports OF your members VINO
waited on W. II y not nrcesshry for mo 10 chathE
I'M. as IL deserves II - yom~tlirR oil VIZ d.
hon. you al ashamed " II ynur dvsire ., y,,nly
ca il H. 10 secure uniform action. YOU are s ySJ
TAX lnr siraugs steps 10 secure u Ihs int,has,
have adopt ed are upua ly adopsd by other
prpvsnt ni,ifor m action. You SAY you nope you.
able to work hxrnaninusy on thrss vnfN.~, az
yuur idea Of harmony Anrsars TO th.t 10 W
hprer with van our vote ID ~ be ixnT tH,r In al
III At ron ase about the sRma IDEAS - hHfuuIpA, lnf
van rve II prrssed IN read 10 nh''"rli 49,. cr
h l.NF AL