Salt Lake Herald-Republican | 1891-08-14 | Page 1 | Arranging Union Pacific Matters

Arranging Union Pacific Matters NEW YORK Aug 13 Another conference of the directors and others interested in Union Pacific matters has been held today and at its close it was stated matters were progressing towards a favorable conclusion i and that a formal announcement of the I settlement of the companys trouble I would soon be made One or the parties to the conference saidten or twelve million dollars will be all that i necessary to nut the company in an easy position and tnat although al-though some of this is actually subscribed the grerter part is promised and all that remained was to sign the papers and arrange various details A prominent German Ger-man banker is given as authority for the statement Pierpont Morgan would have an interest amounting to 5000000 in the new contract and that although not yet in shape for formal announcement the matter vas virtually settled At at a meeting of the Unien Pacific directors a new member of the executive executve committee was elected to replace Fred LAmes L-Ames who is now in Europe The offi daIs decline to make the name of the new member public but it is stated by others its it-s E L Atkins who was prominent in recent negotiations in connection with George J Gould