The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-10-27

TUESDAY, Oct. 90.

= ,s-
-, no.tnono,,on,o -, ~. toroo,osrra COLI ~ ,ho
I-n;on pao;eo nronor,is. 10 n1a;nIr ;rdicot.d Nv
~, oonnron,iso rrhioh ,ho lit, p,o;o, 20.
oroorizotion Committee oFoctod today with
~ $780, conanaI -, .ha I-n;,oa S,.,os Tsa
thro,t ~ 10 anthor,,ioo A. washin,,or 10
ah,oro,o oan.r.., I'll, 49, hoa 800 ot.o,
nnanths y, doiihora.;on hos hoon srnonsstui IN
..a.t;.- 90 900 600 -, 80, ~ Doorno,.a-
10, Con,r;t,,a &c Nos hoo, SonoorsIv s,,,o1
- o..a,.,. 49,, ..a,i.;,oI, ~, ao,h,,a,,
uory noonIo holioro n RI no tho trr,h hut
fron, tho -horoholdors ~ Tho roorg,ri,ed com.
,onr ,,ho ill hoo,,,. ,,,h .hroun,h ho,a;n,,o ~
,ho nroson. o,ool- 80 o,hor socrritios TIN 8.
srmn,ion ,bo, ,hn ronrn,ni,otion srndio,to
uo,na h,,. soorroa ~. nro6t ,ho ~ 900 900
which tho Government will oy rocsivo ia ,bso-
,,,alr uo,,,,toa hr ,ho t,o,s roIou;rn ~.
nract;co .dont.d IN al, r,il,xoy rsorganig,tiors
~. I-nion pno,eo oon,n,i,,oo nror;1ed In 10 nI,n
Tow total icon. -, sr., r,or,g,cc bonds IN ox.
coss n, Tho omo,nt reouireJ to fund the fire,
uor,o,oo bonas and my of tho Corern,cnt
lien 1,rror ;ssua NJ ne,xh onds than 10 ahsn
lutelv headed To take I'M and unity outstanding
issues Ia authorized in congratulations that the
now comnanv NAV bav e n sound and h,e
sscuritv for tho further imnrovemcnt and eytcn.
s;on NJ tho pronerty and 10 meet whatever
demands its traf ,c NAV make unon IL for cd.
d,t;onaI facilities The Southern Railway the
Reading tho Atcb;son the Northern Pacific
and practically every railway company that has
hoon roo ganized NJ ,ote bos becn nrovidca
with sucb a reservs fund nj securities In drov ~
nnon. and the valuc of the issuc as n whole IA
not ,n,na;red h.cause additional, an,ounts c,n
he transtsrred IN tho nublic from time IN time
only es new propcrty of yarious kinds ia ac-
ouired and placed under tho lien of tho mort.
ooge ,ecur;ng tho bonds.
Tho or,ornt y, now I-p;on pociac 4 n cant
bonds nrovided for in the plan o, CONTAMINATION
vos AVID ot n higher figure than the estimated
recuircmen,s of the CONTAMINATION tn meet
among other things inst such an cnorpencv as
hos oraen from the action NJ the Governmen,
IN comnelli,p the Reorganization Commit.
tee In advance of n competitiye sale. To
r.ise Ito Guaranteed minimum hid for tho
co,ornuo,t s.oo,d mor,r,,e lion to tho fuI
.rount NJ that lien and The accrued interest
thereon This action of the Government. bv the
vov ia like,v IN create the susnicion that II aid
not fcel confident that there would be CONNECT.
tive h,dding at tho sale and II consequently
tool adyantaco NJ tho pood faith nj tho Reor.
,,rizotion COMMITTEE ma shown hv its denosit NJ
q. ZOO 600 when II ORIGINALLY made its contract
,,i,h tho J-nitod Sto,os and also NJ ito many and
extensive commitments in connection with the
raorgoniyotion IN withdraw from the ba r,,
4, had m,oe md IN nepotiatc n nav one The
Reorganiy.tion Committee wns fortunately nro.
yided 10 meet his brcacb of contract and nv
doing an has ,vertcd n serious shoc, to revivino
confidence which tbc authorities at Washing,
ton took .he risk Of DESTROYING at the in,
stance ~ disrcnptobIe n.wsnopcrs and nj
two or three snecuIators in railroad prop
critics whose animus in tho matter Is
nerfectlv we'll understood in Wall street. From
the noint NJ view NJ ponulists, and possibly Of
some peonle ot Washington who did not enio,
ponnlistic support a wear aco. the game has
doubtless been well played: but the reputation
NJ tho neon,e in their official capacity for fei,
,ni,h ,han,so,ros nv ~ nar, ~ thoi,
nwuhar n iraiy,dro,o bos g,ined no,bing h,
The oncration
R.ferr;pg again IN tho untrue and maliciou,
s,atcmcnIs that Tho additional So, 900 600 which
the Irni,n pocisc REORGANIZATION COMMITTEE,
$3.50" 49," ,oa ,ho corornrnort Iion ma,