The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-10-27
fHE BID WAS RAISED.
~uE ssIos PACIFIC SALE WILL
ser BE POSTPONED.
~.,irers Agree TO Pay the
gsse Government Claim, an
..~v.ase of ss.ooo.e0o Lonaoa
usa,cafe Is Also Preparing TO Bia-

q PAUL. Oct. "A telegram from At
- General Mckenna this afternoon
- ,he attorneys for the government
- Union Pacific railway case. that TIE
- rsgid proceed as originally planned.
-.~r~rerts having been made with me
s-~rsnlzatlor committee that guaranteed
{ - government lts fuli lea on tas
..s<rsy. This telegram WAS presented 70
- sanborr. Of the United States cir
. cogrf. and the notice Of the motion %
v.s-sns was xithdFawn. By stipulation,
q a. Of the Kansas division was st
= r~cerber Is. but the main lire will be
q asxt Monday AZ Omaha. as hereto
- announced By Master Commissioner
oKssh-
The $4,000. 900 Increase.
WV YORK. Oct zs--The reorzanszs-
- Committee OF the Union Pacific today
~rssssa 81 acceptance from the attorney
~ssfsl Of the United States Of an offer
/ 4 &c amount equal . the fuii claim OF
- rcysrnment against the main lire Of
I. ra1on Pacific. which was some as
eH Therefore the sale OF the road e!l
rrsosi without interference.
/ NAsHTNGTON. Oct. H.--AIthsugh the
| xftsamsnt officials decline either 20 AZ
| ~ 81 deny the report Of It's aceeutaues
| .ss new proposition OF the reorganlza-
Is Committee Of the Union Pacific rail-
|Eeas. there ls no reasonable doubt OF It's
#zesszcy This proposition f. understood
y an Increase Of the original guarantees
| Il q So. go 600 % a sum sufficient to cover
q fill amount OF the governments claim
[nniast the Union Pacific road proper,
eafh on October / aggregated IS es7, ses.
Is saelndes the principal OF the debt,
esssh amounts 20 s27 .23e. si2. and the bal
- Of the interest paid by the United
fxie amounting % &c $50 $50. This rep
a>eets the full amount Of the Union Pa
fecs obligations 20 the government The
- Of this line will be proceeded with. al
aGnaiIy intended. about November /.
Kansss Pacific. sale DELAYED.
n 10 the Kansas Pacific road. the CON-
nktse withdraws its guarantee and con-
mis- 10 a postpouement Of the sale 70 any
~ 10 suit the convenience OF the govern.
pst This action. II IL understood. leaves
ne government IN the same position with
r<sset 10 the Kansas Pacific as before The
sfotssfions were Instituted and In this
aa,ion the government may. n II de-
mss postpone the sale indefinitely. The
~ OF the Kansas Pacific TO the govern
sat aggregates nearly Sl3. coo OF
uakh S.OS2oo !. principal. and the re-
usnder unpaid interest. Whether the
We 81 the Kansas Pacific on December rs
nnnos be stated. but should II SO decide.
= Understood that no objection will be
nsed by the reorganization committee.
ne net result OF the new organiza ton,
. l2r as concerns the Union Pacific. r. re-
Ssfdsd by the officials as highly advanta-
fseas to the government az II secures all
shst Il has ever claimed to be due II. and
nhdfrs II practically certain that a very
hsSt part OF the debt OF tho Kansas Pa
etc viii be realized whenever ii may de-
Re 70 consent 10 It's sale.
An Opposition London Syndicate.
LONDON. Oct. 2s.--Ths first attempt to
.7anlze a syndicate In London for the
5arcaase Of the Union Pacific railway hay-
zg the appearance OF substantially IL be-
hs made by Complies. Son q Co, share
Boxers. This is a financial house OF the
isatsi standing, which has had railroad
s;tresis In Canada aud has sold Canadian
aM American bond issues ia Europe. The
arsrn became interested in the Union
9aeihc sale and ls said To be organising
q exposition syndicate. The chief OBJ
txf's 10 be overcome was the short notice
Essh BY the court, notice much too short
Allow the maturing Of plans for secur-
" The necessary capital.
las plans OF Complies Son a Co. were
rnmnnicated to the United States Con-
y General Osborne. who. thinking that
x1sr price would result from fostering
e eonpetition. eabled 10 Attorney GEN
- hekenns yesterday that another re-
zsAs offer might be made II the sale we're
N*@cned adding: This effort TO secure
sroperty. looking TO the reputation OF
y parties concerned. Is undoubtedly an
fzssst one
ne only member OF the Complies firm
~ vas accessible this evening declined
Reisenss the project.
Sseph Price. secretary OF the English
HeorgHnfsers Have "a CIu~b.
afenoiders' Association. said 10 cor
sponaent OF the Associated Press this
issrnoon: '''''
y obviously impossible for any hu.
- Their syndicate is prenarea "a ,,sN,
s snure Indebtedness. II necessary "a
le ~ Moreover. the reorEa nizatias