The herald., 1897-11-01
! Diree to be president of the road, as he
was before the receiyership. he can have
the position. If he will accept. it is not
3llEeiy that any other name will be con-

wa DeIOFe ftle feceiH HeIbuip, ne ctsu iihN {
the position. If he will accept, it is not
alkeiy that any other name will be con-
eidered.
THE OTHER BID
Alexander Millar of Boston, secretary
and assistant comptroller of the Union
Pacific road said this morning that he
had no knowledge of any competing bids
that would be offered against that of the
reorganization committee.
There may be some other bids coming
in,' said Mr.. N1illar, ''but if there are
know nothing whatever about them. Mr..
Cornish, the master in chancery, who is
to auction off the road, is the only man
who knows just how many bids are to be
made, and 1 know that he will not dis
cuss the matter. He is an officer of the
court, and it would not be just the
proper thing for him to do
While Mr.. Millar disclaimed all knowl-
edge regarding the prospective rivals to
the reorganization committee for the
prospective rivals to the reorganization
committee for the possession of the
Union Pacific it was evident, from his
manner, that he was quite sure that the
committee would have no competitors.
IN THE FUTURE
Regarding the future of the road after
it has passed into the hands of the re-
organization committee. Mr.. Millar
said: '"The actual turning over of the
property to the purchaser will be at
some time in the future. depending very
largely upon who is the purchaser. 1t
will, Of course, be out of the question
for the purchaser who buys the road
at II o'clock to assume control at noon.
1t will be simply a matter of convenience
for the purchaser. l have known in
stances where roads have been bought
by reorganization committees, and these
committees having not been prepared
to assume control of the road just at
the instant, the receivers have been al
lowed to run the road for two or three
months, of course, under the direction
of the owners. Then. when the purchas~
ers had most all things ready they took
hold and managed the property them
selves.
''Now, if the reorganization commit
tee gets this road and Mr.. Miller
smiled a contented smile. that is what
1t win do. The receivers will handle
the road until the committee. if the COM
nlittee be the purchaser and again
Mr.. Millar smiled happily. ''is ready to
assume formal control of the road"
All of the receivers who are here, and
the other members of the reorganiza
tion committee, repeated substantially
the interview Of Mr. Milar
WILL COME OFF
KANSAS CITY. Mo-, Oct. s1-Gen.
Louis Fitzgerald of New York, attorney
F,~> 90 ti.1,,
committee of the Union Pacific; Secre-
tary Keeck and Attorneys Rossington
and c. B. Smith of Topeka represent
ing the same interests. left late last
night for Omaha to be present at the
sale of the road.
Mr.. Rossington said before leaving:
II do not know whether the sale will
come off Monday or not, but I can see
no reason why it should not. We shall
be there to represent the reorganization
committee and it is my opinion that the
road will be sold. There has been con-
siderable fuss and talk about this sale
OF the Union Pacific but really there has
been really a great deal of smoke and
very little fire. I do not know of any
one who is planning to defraud the gov
ernment."
A LATE OFFER
LONDON, Oct. 31.-The firm of Coates,
Son g. Co., who recently undertook the
formation of syndicate for the pur-
chase of the Union Pacific railway line,
and who have offered to pay in full for
the governments claim on the main line
and the Kansas division If the govern
ment will agree to the postponement OF
the sale of the roads. yesterday sent
cable message to President Mckinley,
suggesting that the United States should
secure the postponement of the sale un.
til December 15