Show SOUTHERN PACIFIC MORTGAGE C P Huntington Give the Reason for Issuing It NEW YORK Sept 13C P Huntington Hunting-ton said in response to inquiries concerning concern-ing the Southern Pacific Railroad com panys new mortgage The new mortgage mort-gage will be a first lien on all tho com panys property including the lands The company has built during the past two years over 100 miles on which there is no lien and the new mortgage will be a first lien on this mileage The balance of the new bonds will be issued gradually and only as the construction of new mileage mile-age requires The issue of this mortgage is in the line of the general policy adopted by almost all large companies of the present dayto mortgage all lines into a unified form consolidated loan Which shall cover the whole system Of course it is a mistake to suppose as the western dispatches indicate that there is any hostile feeling on our part against Atchison or other road or that such suc a feeling has anything to do with the authorization of this mortgage Our relations re-lations with Atchison are very friendly I The Union Fncilie Victorious OMAHA Sept 13Grand Chief Arthur of the Engineers Brotherhood talked over the Catskill branch case with President Clark of the Union Pacific today After being put in possession of all the facts Arthur sided with the company He declared de-clared that no engineer would be upheld in drinking while on duty This settles the whole affair The engineers are not as especially interested in the wage reduction on the Union Pacific as they are on the schedule and only suffer through a reduced mileage mile-age |