Show KANSAS PACIFIC Attorney General IVIcKenna Talks Abut the Coming Sale Washington Nov 2In discussing the sale of the Kansas Pacific railroad on Dec 15 and the assertions that the government interests in that property have been imnaired by the sale of the Union Pacific Attorney General McKenna Mc-Kenna said The ownership of the Kansas Pacific is part of the committees scheme of reorganization I re-organization The members hold liens similar to those of the government They cannot make them good except by the ownership of the road Besides they are owners of the first mortgage They must bid to make that good But suppose the committee does not bid Others will the government may The years 1890 1S91 and 1S92 are the real tests of the Kansas Pacifics net income and it can be put down at 51000000 and this is 4 per cent on 25000000 5 per cent on 20000000 Does any sane business man believe therefore there-fore that the reorganization committee will let it be sold for 15300000 when it will pay 4 per cent on nearly twice that amount 5 per cent on nearly ES 000000 more than that amount owning as the committee does liens junior to that of the government and which in such event would be a total loss Would not this policy to use the homely expression by cuting off ones nose t spite ones face |