The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-09-22

OF 4o25s.s ~. This balance was de-
creased by the payment of sc 100 GOO n,
december 1. n by the terms Of the
uecree the remainder Is required 10 be
paiu IN -FOUR equal installments within
~. 80 % and so days, respectively. az
Ter the confirmation OF sale.
During the Cleveland administra-
tion an attempt was MADE 10 effect a
Saie OF the Union Pacific and Kansas
racine hnes. The government entered
INTO an agreement with the reorgani-
zation committee to the effect that the
Whole debt on the Union Pacific rail
way main line, and on the Kansas Pa
Clhc line, in the aggregate
10 about So 00,O 900. should be settled
oy a sale of the road which would
realize to the government about s42.-
100000. This agreement fell to the
ground, the Mckinley administration
ana the department of justice denying
mat any such agreement binding on
the government had been made. BY
cleNer management of the president
ana the attorney general. the reorgani-
zatlon committee was compelled. SO far /
as the main line was concerned 70 hid
a sum which realized the government
the total amount Of the government
~debt-namely. SIS. 44S. 223. 75.
Regarding the Kansas Pacific line.
the reorganization committee had de-
ciared positively that they would NOT
pid upon that road a sum which would
we'd To the government more than
S2,ooO.OOO on its debt. TIE total debt
upon this branch was So. 1903. 900. princi-
pal. and about an equal amount of ac-
crued interest. 1t was made TO annear
beyond all question that the road was
worth but very little IL anything more
IMAM the amount of the prior incum-
orance and the principal OF the govern 5
ment debt. by the action of the de- I
partment OF Justice. under President d
which made an application I
10 the court prior to the time of sale I
Tor leave to redeem the antecedent a
TO postpone the sale and 10 have /
a receiver appointed in the interest of c
the government. the reorganization Il
which had formerly de- \
clared II would not bid a sum that o
would weld more than 80, 500. 900 to the G.
government was persuaded to Increase y
us bid. so that the government ac-
tually realized on this sale tho fuu N
amount of it's principals. 3O3. OOo-tbe q
)nly loss upon the whole Indebtedness W
lf S1O,OOO,O 600 for the two lines being ac- W
,rued interest on the Kansas Pacific I'll
Oh
me reorganization of the historic -
a. Ohio Railway system un- IN
Ter control of Chicago and western "a
apital is a transaction of great i'm a.
'ortance in the inacial and ommer- he
lal world. says the Chicago Times T.,
terald editorially. 1t means that one n,
the most extensive railway systems OK
n the world is to be rescued from re- ,o
and placed upon n paying basis Ca
hrough the enterprise and energy of nj,
'hicago capitalists. Western ideas H.
methods will dominate in the man In,
cement of this great property in the fo,
lture. A.
A controlling interest in the RaIti- av
lore q ONO system has been acquired
y Phllip ID. Armour, Marshall Field an
M Norman Il. Ream of Chicago. who All
ave gone INTO II as a business invest Nd
Ient, with the determination to make lin
a good dividend-paying property and ca,
restore 1t to its former commanding Tr,
)sition among the transportation en- Ia,
'rprises of this country. raj
this will be ACCOMPLISHED is rs I
lFed oy the fact that the resuscita- eve
On OF the system is to be intrusted Mo
fSely 10 President James ]. Hill of of
II preat Northern railway, who has son
! enNIaple record as a daring and ha,
railway manager. Under his no
Engagement the Chicago capitalists. his
no are towers OF strength in the com the
ercial world, believe that the Bali pun
ore ~ Ohlo can be put on it's feet ate
"a can De made "A substantial and trie
organization. 1870 opi
III is stoutly commended. however that Is
? entrance OF these capitalists info wit
e held as large railroad owners win ma,
Z AFFECT the freight situation. and of
"N VI botS not IOfeSnauOW any con
lance with the Great Northern for not
2 completion of a trunk line frnr, tive
TO ocean. If such a traffic ana Tire
&c were made it is argued thar eve
i'her could get any traffic from any tab
Ter line. and each needs all the busi- suiC
ii can handle. ~
the present, at least tho ro,,
ners viii devote their entire attsr,
n 10 the rehabilitation of the great
fillmore & Ohio system. so racentI,, ha'
nkrupted and now assured Of a pTos,
'ous future. NJ
- sire,
ne canadian Pacific has filed with of il
interstate commission ARE
tarl1 OF rates to take effect sen robt
lper 20. me west-bound rates are VIII
'ed on the lowest normal tariff rates He
American lines via Grand Haven he
Milwaukee. when such basis makes den
IMAM via Chicago, st. Louis and with
gateways. From Chicago ia cal how
ma n Puget Sound poiuts tho DAYS
laulah Pacific rates will be $50 30 for
class and $50.5O second class. from s210.
nsas City. $50 first class and S4o usua
ono class; from New York To San pleat
.ncisco. $3.50 first class and see * fined
class. and from New York I, and
'et sound points, $40. 30 first class city
soo..O second class. From PbiIa- Jos
ma baltimore n Washington. the who
is about 81 higher To san Francis terda