New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-21
Union PACIFIC AFFAIRS.
Az AGREEMENT WITH THE REoRGANI-
zATION COMMITTEE REPORTED.
.,.op,x WALL. STREET THAT THE GOVERNMENT
* TO RECEIVE ACKNOWLEDGEMENT
GENERAL. HARMON IN THE CITY
4 SHORT TIM

y TO RECEIVE ACKNOWLEDGEMENT
GENERAL HARMON IN THE CITY
SHORT TIME.
Tho understanding in Wall street yesteroa!
,,a, m Arrangement had been completed
,,,b ,hc Administration at Washington ior 'he
wv ,scharse Of the obligations OF the Union
r,ci6c Railway To the Government. ana 'ha' 'he
.o,,,a,ion Of the company would proceed
without delay. 1t was said that the plan WAS
.ho Attorney General of the United States
. ,,ova for sale Of the property under fore
.,s,,,c on an agreement that the Government
80, ,,oo;va on, of the sum bid for il $4,000.
600 The last detailed statement of the debt o'
,-.so, Pacific 10 the Government made on
r.,oher / 1896. showed that the principa'
,.,a IA S., so 112 ana interest to S3""t4'-
pnn while both together amounted 10 H"'''
$50 Tho las; renort Of the condition OF the
,,,i,s fund created 10 provide for the Govern
=, sob, was that 4 contained in round NUM-
- 81, OGn 600 consisting almost entNeN OF
-.,,road and United States bonds. The wall
e..oo, ranort was that the payment OF S4'"'-
1oo was n he made If the sinking fund renamed
80 mar; Of the Union Paciiic's assets nut IL II
IS surrendered to the Government. theh inc
.,.,,,o,t c,as TO he only S2S.ooo.Ww. 1t was SAID
~, Government had elected TO take at''""""
., cash and give up the sinking fund.
Tho deal with the Government was SAID 10
10 been closed on Tuesday, when Wins'oW
G pierce Of New-York. the counsel Tor the
,-,,on Pacific Reorganization Committee. was III
washington for that purpose. The matter was
IA NJ meeting Of the Cabinet on the
'' low Attorney General Harmon came 70
,.nu..york Yesterday afternoon 20 consult WIN
- l,,.orror George Hoadly. who is retained as
-, co~ the Government in Union Pac'hc
ona,s and also TO confer with members "i inv
,,o.oanizaiion Committee and members OF the
indicate formed 10 underwrite the reorga'''"'-
,,o, nlan. He had long talk with ex-''o\erno'
11osdly late in the day at the laue' '"O''
Ho 30 Winiam-st. He returned 10 "@S"''e '0''
last night ii. .,o funds
The syndicate which is to provide 'he '"''u'
Id - nav off the Government debt and TO
carry out the reorganization plan Is one VI ''
limoges, ever formed 1t includes all the strong
American and European financial ho"seS
,.os organized by Jacob II. Schiff. the neau ~
49,, banking house Of Kuhn. loep %, ~
o0 Pine-si who is a member OF the h"'' N'''
cation Committee ,orr.u. at II
-, ~ the Government directors Of the me- -.
parisc at the Offices Of the receNtIr, Nv cor
Wiuiam-st The details OF the ptoel lin h.
so,,,ornent of the Government ue"' WIN "
a, last accounts there had been s nr. ~ ali
the Reorganization Committee ~ per ecu" mo o.
bonds and 81 per cent OF all s'oCh rassn,.,t
oreanization plan now STANDS nv 7, has
,n i'nion Pacific stock is So share. II n 10,
been said that the assessment wonc nov W.
creased in case Of settlement WIN nv h
80. L,,, .ba. is a point on which there may ne
hrrs II is certain that the plan IN o'n''
nets will have to he considerably amenu'H:
Winslow 8 Pierce was seen al ms nol"e' Nr
ia West Fiftv-eighth-st.. last eNehlils w. ",
1,iroa he heen in Washington much OF iate At
ending the hearings upon the bill before 'I w.
eress and looking after the interests ha nlo
ients When asked If an agreement hau -.
o,d he renlod: My connection WIN me
DISCRIMINATION Committee is purely profesS19'h l
ard do not believe that can say WoIu 49,; 49,
The matter. cannot talk about inc commune
business. ,o b,. ex Covornor
HOady