Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-11-07
GREAT PROBLEMS
ARE WORKING OUT
Union Pacific Stockholders Watch
Latest Development Closely
As It's Important.
PROPOSE HOLDING CONCERN.
Hartman Has scheme Whereby Sharc-
holders Can Get Increased Diu-
dculs---Iny0lvcs Millions.

The plan on foot whereby a holding
c0nrany viii take over the Union Pa
clac's stocks ln other companies exc
cent ia the Urion Pacific and oregon
short Line and steamship lines consid-
cred part OF the system. Ga receiving mo-
end OF attention and consideration.
More than 500 100000 worth OF stocks
viii be Drought into Che hands of the
holding company il the plan goes
through and Union Pacific slockhol1-
ers viii receive a dividend from Jhe
transfer in the shape 0s cortidcatlon ~
participation Boa the new company.
FOR STOCKHOLDERS.
q statement issued OCT. 30, said:
Upon The can OF President Hartman
a meeting of the directors OF the COM
pany was held today. AT his suggestion
thC question was considered as 10 pldc-
ing the sccmities Of an companies held
By the Culon Pacific so that the beue-
fetal interest therein should best ace
crle 30 tht Union Pacific stockholders
aud their interests Zoe accorded pest
protection a special committee was
appointed 10 take the matter UP in cpp-
junction with the executive committee
OF the Union Pacific board, sucn CONE
mite 70 lelgl 49,. ~ M ,iirsttors When
plan IS decided upon it IS Intended
90 submit t TO the stockholders ini
their approval"
rhe fall committee is as follows. y.
II. H8rinan II. G.. Frick, MARVIN
Huphtt ~. S. Iovctt, James Sullman.
oliver Awts. p. 4. Nilellllh 20 anu i.''"
eri Walton Gociet
Tho committee VIII oe ieit 10 o l,' t NJ,
% schcmc tlslAc'o,s 'o ''Du
three classes OF stochh'lu.i '''
and stockholders 10 is no.tu lil'
schcme viii Dee DOB operation petole lne
adjourned Illinois Central uletths Dts
roOpcrcl Dcc u.s. 4ir hartman mas
assC .ad that whatever is done OF NOT
dome the S750000Ju worth VI conVeLtl-
hlc BONDS WIN bo fully protected. Inc
Boston Ncvs bureau bias this To- say OF
tho general plan.
Financial circles are wondering how
,arous phases of the onion facinc aeg-
rreltirn arc 10 be solved. one of these
ire question Of the convertible de-
lentmes authors q last May.
II. III. Haula-n has aireaoy Rn-
rnurr d that the rights OF the holders
of Gl.c debenuras will bo taken care
of Iay CAM of course, Doe takcn care
40 in various ways. any one of which
would &c. likely tO prove acceptable q
trc deh.nture holders.
ONE GOOD METHOD
r1r Instance. tho Union Pacific might
rroue.f taa holders of the dehenurcs
ID surrender their securities and take
ia e<h.rea therefore 500 par valuc Nn-
In u .riI.- common. as g. win stand ait-
IN fhs ge,ereeatlon. and also 500 par
.lao al no capital of the new corpo.
lation
This is prababIv the simplest WAY.
Tho question is whether the ratio of
r.chauve originally contemplated
srould IS modi6ed under agreement
Nth Inc debenure holders. that IS 60
.,y. whether thc ratio OF exchange sho
rtv whether the ratio OF exchange
.olfl 10 on the basis Of sl15 of dob
ent,lres FOR 500 Union Pacific common
ANA stO0 In The new corporation capi-
t4I nr whether the ratio of exchange
sh1uld ~ reduced
Tbis settlement of the convertible
a.b-nfure problern apDears simplest
ana r,oer ,,robahle ON thc other hanu.
~, .e,..h,nv. MIGHT he deferred and an
srr,.,-,,.nf entered into with the debcn-
I'M. h9laar. whereby their rights
,rould ~ ,,rs-st.-ed in The two CORPORA
ttors f1e Irrion paoifie and tho new
corno,,fio, and thev would be given
80 eri,itgqe III exchanging into thc
,,..,, 1900. ~ tb, ssgurifies ,-bcnetor
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