New-York tribune., 1897-10-27
THE SALE NOT POSTPONED.
xrv DEVELOPMENTS IN THE UNION
PACIFIC CASE.

r,,r REORGANIZATION COMMITTEE GUARANTEES
r1rJ, PAYMENT OF TIE LIEN on THE MAIN
LINE. AND THE GovERNMESr WITH
DRAWS IT'S MOTION FOR DELAY
:. psu, Oct, 26-The main line of the Union
poo,fc will be sold on Monday. al Omaha. The
,o,ics OF a motion for postponement which was
,o come up Thursday has been formally Wuh-
drawn and the sale will proceed as announcen
telegram from Attorney General Mchenna
this afternoon informed the counsel for me gov
ernnent that the sale could proceed as originally
,Ianred arrangements having been hane VIII"
the organization Committee which guarah-
,esd TO the Government its fun lien GENERA
cowin and Ex-Governor Eoadly were W 'ne
.,.,. - nress .he motion Tor n SIX weeks post
,orauent notice of whicn had be en- gwen yes
,.rdav nv General Gown. Tho Attorney-Gen-
80 ,aIasrar was presented to Judge San
horr @. the United States Circuit Court ana
,,o rot,ce OF the motion TO postpone was WITH
80. r2y e,,nulation the sale Of the Kansas
,,,,.;s,op vas set for December -. but the main
,,re vviu be sold next Mor6sy at Omaha, as
naratofore announced by the master. commas
sioner Cornish .
General John c. Gown. Government attorney
.sid this afternoon: The Government mas
withdrawn the motion to postpone the SAFE me
Reorganization Committee has guaranteed 'i'e
naynnent Of the full amount ot the government
lien on the properly. Tne man me W"i NC
sold Monday at Omaha. The sale OF me hanSdS
D,yision nv agreement has been postponed ul'i
December. IL.
Washington. Oct. 26.-Aithough the Govern
roent officials decline either TO affirm or oeny
the report Of its acceptance Of the new propose
,,on Of the Reorganization Committee OF 'he
Union Pacific Railroad there is no reasonable
ao,,h+ 30 its accuracy This proposition Is m
dsys,oot 10 be an increase Of the original guar
snt.e hid of $4,000 600 70 sum sufficient TO
80 the full amount OF the Governments
claim asains: the Union Pacific road proper
ubich on October 1 aggregated S3s@'"9o
This includes tie principal of the debt. when
orounts TO S97, ,236,512 and the balance Of the
Interest paid by the United states. amounting
a. s2n $40 Ss6 This represents the fun amount
81 the Union Pacifcs obligations to the Govern
n,en, The sale OF this lire VIII take pace ~
orxinally intended. on November j.
A. 10 the Kansas Pacific ROAD. the coihlt'"e
,cithdraNs its guarantee and consents 10
,osfronenlent Of the sale TO any date 10 SUI
the convenience Of the Government inns aCuu'l'
:, % ,,odarstood leaves the Government N tne
ss,nc position with respect TO the Kansas a
ciAo az before the negotia tions were begun anu
m th1s s.euo . - d. ssle iud.fritely The
debt of the Kansas Pacific 10 the HoVepninSB' q ni
aggregates nearly S13oOo,Npo. OF when So"oo
600 is principal and the remainder unpatu - -,
os, Whether the Government will ask the court
70 order sale of the Kansas Pacific on Deceh'-
her is cannot be said but should II so oecios
,t is understood that no objection VIII oe ISlseu
nv the REORGANIZATION COMMITTEE F..
The net result Of The new arrangemeht. SO iai
&C tne Union Pacific is concerned Is resa' 90
nv the officials as highly adv aseous 10 @ tile
.S.a~nr,a,, az IL secures all that II has ever
ssserted TO be due, and renders II pracuceily
certain that large share Of the debt o. me
Kaosas Pacific will be reahzeo Whehene' w
le. lee' r,sn, ynsv decide TO consent 10 its sala