The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-11-23
S1s,645,a5O IN ONE CHECK.
U. r. Sinking Fund Bonds Paid For and
Handed Over to tho ReorEnniEers.

Handed Over to tho ReorEnnizers.
WASHINGTON. Nov. 22.-The Government
transferred to-day to the Union Pacific Reorgan-
ization Committee the S13. Gas $50 of bonds held
by the Government as q sinking fund for tho
company, which bonds were knocked down to
the Reorganization Committee on its bid of par
at the foreclosure sale at Omaha on Nov. !. To
pay for them a check for $13, GAS. $50, drawn by
the committee upon the Mercantile Trust Com
pany Of New York city to the order of the Treas
urer of the United States, was deposited
In tho National City Bank at New York, the GER
tihcate Of deposit being given to James f.
Meline. Assistant Treasurer. who represent
cd Mr.. Roberts there. A part Of the bonds,
$4,000. 900 in amount, which had been held in
tho Sub-Treasury at New York, was delivered
at the same time by Mr.. Melne to the represen-
tatives OF the Reorganization mmitt Tho
deposit Of the money was announced by tele-
phone to Secretary Gage at IL o'clock, in q
special message from Mr.. Meline. whereupon
the delivery OF the bonds was made. Two rep
resentatives Of the committee. Messrs. Crock
and Adee, sent to Washington, for that purpose.
Treasurer Roberts's Office here.
All this .formality and precision were made
e cree. WhIcR by r eSe iesn that at the i%af tsan ssnp0o Of { es as,
and bonds should be made by the parties stimuli.
taneously. The money deposited in the National
City Bank will be divided among the special
depositories in New York selected by Assistant
Secretary Vanderlip to handle thesnoney, as
National Bank, 81, O4s. 800; Hanover National
Bank, Ss13,2O0; Western National Bank, S52i..
Rational afH Bank MI.iS Saso. BOO; National Bank Of tho
tional Bank. S260,9 900. The financial ~institu-
tions interested. 1t is understood, out of album
dant caution, decided not to undertake at their
own risk the transportation Of the bonds deliv-
were carried by an express company. They are
negotiable, being made payable Ito bearer. by
them the Sr sItoS Ss sSeSte and Of S course They're theg m Mdee a fa1 S[
p~ackage-in fact. two of them. II the carrier
gave the Reorganization Committee the same
rate at which IL does the Governments bust
ness. the cost of transportation will be $914.22l2.
The appearance OF 80 cents in the transaction
worry. and the disposition to be made of it may
yet be referred TO Congress; The sum named in
u got there the Treasury people have no idea.
It was an error, and they express 70 the Reor-
ganization Committee q perfect Willingness to
members Of the committee said they couldn't
avail themselves OF the proffered waiver. and
science fund did not meet with favor at the
department. II Congress doesn't como to the
M Sdt, e Ss d i've hiooI q neM ssc %aGra viii a have eI 10 bs
opened for the care OF that 80 cents.
for $l3. 645 ESQ will pass through tho Clearing
Fh s%r,b A shis mSrRRi a%k as Sv a uS ShSS9f + w agri rs n ths
Trust Company. Though the check is a big one.
larger checks have passed through New York
banks in recent years. Tho Union Pacific Re-
organization Committee, pending the making
up Of tho new organization after the property
shall have been delivered to the reorganized
company, has asked the following to act as q
committee in charge OF the affairs OF the road.
so far as these concern the reorganized COM
pany: Winslow s. Pierce, James Stillman. Mar
vim Hughitt, f. II. Hartman, and Otto II. Kahn.
It is expected that g. II. H.. Clark. tho forn or
President of the Union Pacific Company. will,
owing to the state of his health, not desire to DO