The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-10-23

Is the person who Mr.. Sage speaks OF
as coming to him and representing that
Gen. Thomas was getting up a Union Pa
cihc syndicate. However that may be. Gen.
Thomas has been quoted at length in the World,
and has not denied tho authenticity Of the In.
torview. as holding tho Same views regarding
the reorganization OF tho Union Pacific as those
entertained by tho World.
That Gen. Thomas was not as quick as some
Of tho others to discover the deception that
had boon practiced all around may DO In.
fcrred from tho fact that when his at.
tention was called to tho list of sub
scribers to tho alleged Sagc.Thomas syndicate
yesterday morning, he said: 81 am not respon'
siblc for the story published this morning
that an opposition syndicate had been
formed for the purchase OF the Union Pa.
cifc Railroad at foreclosure sale. 1
do not doubt. however, that such a
syndicate IL contemplated and 10 in process OF
formation. have been asked to subscribe and
have promised to do SO to tho extent Of 100000
600. know nothing about any other subscrip-
tions. My position regarding tho Union Pacihc
is we'll known. regard 1t worth the full Gov
eminent debt"
Later in tho day the General had an interview
with Mr.. Sage, at which a better understanding
OF tho situation was possibly obtained. Accord.
ing to all accounts the interview was not an en-.
tirely amicable one. but as both men
left town Immediately afterward 1t was
impossible to learn what views they now entc
tain regarding their ~incipicnt copartnership
with Pulitzer in q railroad reorganization.
Other denials from alleged subscribers TO
tho alleged Sage-Thomas.Pulitze syndicate
were obtained from r.. T. Wilson s. Co..
the Bank Of the State OF New York and tho
National Park Bank. As q matter Of fact, no
4 r-l - - .l- L--- l.
subscription to tho syndicate. Right here it
may be noted that before the World under
took to rescue the Union Pacific property
from the avaricious clutches OF the Reorganiza-
ton Committee. it very CONSIDERABLY notified
one OF the most active members Of that committee
Of its proposed attack upon the committee and
its work. Subsequent Developments have
shown that the did not see ft to sub
scribe to the Pulitzer syndicate.
There was a we'll defined and plausible report
current yesterday that the publication Of
alleged details of the Sage.Thomas. Pulitzer
syndicate in the World yesterday morn.
ing were premature from the point Of view
of those who conceived the scheme. They
had hoped to carry tho matter along in q vague
way for some days longer, presumably for
effect upon the market for Union Pacific
securities; but Pulitzer himself. it is said.
had become so interested in the scheme
that he made a peremptory demand upon his
pupils and their associates in Wall street for
more definite information than had yet been
supplied. including a list of subscribers to the
syndicate that the World was helping Mr.. Sage
and Gen. Thomas to organize. Compliance with
his order resulted, as already described. in the
exposure Of the Semitic conspiracy.
1t may properly be added that tho ex.
traordinary occurrences Of the last few days
have not disturbed the equanimity of
the Reorganization Committee. That com.
mittce has its $4,000, 900 in hand with
which to satisfy the Government claim,
AID it also has in hand practically all the Sc.
curities of tho lines affected by the various
foreclosure sales next month and by the
subsequent reorganization. The Attorney
General administered a final blow to the
Worlds scheme yesterday by calling attention
to the fact that in tho present condition Of
affairs the Government can only take cash in
payment Of it's claim. The suggestion that II
could be paid off in new gle per cent. bond:
would require action by Congress.