Show The KailroBci Consolidation New y rk 20The Times says The consolidation of the Union Pacific and the Kansas Pacific 13 fully confirmed Tho proposition came originally from Gould Tho details will be made public on Thursday Tho general terms of the agreement are however as follows The capital stock of the joint lino is to stand in volume the same as at present The Union Pacific is to issue S9CSS950 of new clock to take up the stock of the Kansas Pacific Company which is to be delivered at the ruling market rate of Union Pacific stock and cancelled Gould owns about fivesevenths of the entire capital of the Kansas Pacific The mortgages now existing on both roads are to remain untouched A complication complica-tion that ia looked upon as probable to ensue from tho consolidation is the eventual event-ual complete monopoly transcontinental transcontinen-tal business by Gould It is believed on the streets that he has recently been an extensive purchaser of Panama railroad stock It is also known that the current arrangement between the Union Pacific and Pacific Mail Steamship Company is only a temporary one |