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Show U. P. C11EDIT. It Has Been Kedeemed by rorni-ing- u Syndicate Of Wealthy Men The Debt Lifted for Three Years Full Particulars ox Method and Means. Xkw York, August 8. The Ui ioi. ! Pacific has just iassed through auoihei experience. Two days ago it was pronounced pro-nounced bankrupt. Its loans filling fill-ing called, its bonds and coilaters were unmarketable, and even the. degreda-tion degreda-tion of a receivership was threatened. Its stock was hammered d wn on the i market until it torched a point that the boldest bear never expected il to reach. To-day this was changed, ami the stock bounded from "" tti and lifted the entile market with it. ll was all brought about b a piomise to pay on the part of six rich men. They lormed a syndicate, and agreed, to siand lo-get'her lo-get'her for three years ;ind protect the Union Pacific's interests. Ti e syi.di-cale syi.di-cale was the result of an impoitaui meeting of the directors on Thursil.iy. The directors could i-ot ignore the con- j tlitions surrounding the company and they knew it would net long continue with its impaired credit, and its name j in the east. They followed the pre -'f-1 dent established by Gould years ago,! w hen the Missouri Pacitio was similar-j ly troubled. He formed a syndicate) composed of h.mself, Sage and Mar-j ipaard, iind took the debt until such time as tlie Missouri could pay it without emb-rassmcnt. In this instance a large and more powerful power-ful syndicate is formed, consisting of Gould, Sag.s Dodge, Morgan, Dillon. Dexter, Ames and Atkins, the Or cal baek.bank of Commerce and M11,! tile Trust Co. They guarantee to ft Vt . 1 all the mor ey n eeded to take oi I the road's lloating debt, which 11 1 '.I 1 gates over 6,(KMi,0UU. A bank orXj company will be appointed as ir!l agency of the company. j |