The San Francisco call., 1897-10-24
MAY YET CAUSE
A POSTPONE EMENT 7
If a Higher Bid Is Guaranteed
the Union Pacific Sale
VIII Be Delayed.
Represen latiVes OF Pools Interview
The President ard the Attor-
y-General.
Special Dis,atch to THE CALL

Special Dislatch to he CALL
NEW YORK, Oct. 23.-A special from
Washington 10 the World says: Winslow
Pierce, counsel OF the Union Pacific reor-
ganizaton blind pool, came over from
New York this morning and spent busy
day with President Mckinley and AtIor-
ney-Gsneral McKenna. He had tele
grapbed to Mr.. McKenna asking for a
conference and met the latter promp pity
on h s arrival. The two went at once to
the White House, where they spent two
hours discussing the situation with the
Pre>j dent.
Neither of the two men would talk
about what had occurred when they came
out. The Attorney General said that
some hing might BE- given out later in the
day, bul after Mr.. Pierce had started for
New York, Mr., McKenna said no under
sanding had been reached, and no news
would be forthcoming tonight He said
that there would be no postponement of
the sale of the Union Pacific unless the
Government was convinced that there
would be other bidders besides the re-
organization committee. Even then the
President or Attorney-General could only
ask the court for a postponement. Such
q request would not be made until the
Government was assured there were other
bona-hde bidders whose offers would be
more advantageous.
EX-Secretary Carlisle, who is also "spe-
cial counsel tor the pool, has had two or
three interviews recently with the Presi-
dent and Attorney General. Mr.. Carlisle
resolutely refused 10 state the object of
MS visits. 1t is known that President
Mckinley and the Attorney-General, while
anxious 10 have the syndicate own the
road, would like the latter TO raise its offer,
IN order that the popular clamor might
hn
given Mr.. Carlisle TO understand that his
clients are in danger of losing the road
if they are not prepared TO raise their bid.
Those persons in position 10 know the
inside facts woult not be surprised, IN
spite of the qua~I-denials by the Govern
ment officials, if udge San born should be
requested to postpone the sale.
Russell Sage, who for a time was organ-
iZlng a syndicate to buy the Union Pacific,
now says he would not bid against the
present syndicate. 1t is asked here if Mr.
Sage has been let in by the opposition syn
Gicate- That is a ques ion which is agita-
ting Wall street.
His sudden change OF heart is not sur
prlsing 10 veterans of the street. who
knew him In the palmy days OF Jaw
Gould, when mere question OF under
paying the United States Government a
pa try sum Of $20, 900 600 could not have
impaired his digestion. Sage has written
letter follows:
al favor a postponement of the sale to
enable some steps TO be taken by which
the Government hail obtain the full
amount of lis claim against the pro perty.
President Mckinley should. in nv
opinion, order such postpone ement as the
law clearly grants him power 10 do
SHOULD a delay be granted | then
would be willing 10 subscribe to syndi-
cate which will entirely protect the Gov.
er1ment. Should the sale proceed on
Novem Der 2 | shall have nothing to do
with any oppositio bid"