Show UNION PACIFIC POOL Russell Sage Orgauizing a Syndicate Syndi-cate to Buy the Road I AT MKINLEYS REQUEST SEVENTY FV MILLIONS SUBSCRIBED SCRIBED WITHIN TWO HOURS Payment of the Government Claim i Eull is the sirs Condition of the Plan Mr Sage Thinks Unlimited Un-limited Capital Will Be Available For Settlement of Debts New York Oct 22The World says Russell Sage created a sensation in AVall street late yesterday by announcing announc-ing that he had been invited by President Presi-dent McKinley to form a syndicate on the Union Pacific railway on the basis of satisfying the full government claim in the Union Pacific Mr Sage invited subscriptions to a plan to be hereafter brought out by him for the foregoing object The payment of the government claim in full is understood to be the first condition in this plan Mr Sages representatives announced last night that he had received subscriptions sub-scriptions for over 75000000 within two hours of his announcement I was announced an-nounced that he would continue to receive re-ceive subscriptions until his plan was subscribed at least three times over As in the bond transaction Mr Sage thinks there Is unlimited capital avail I able for the settlement of the Pacific load debts without loss to the government govern-ment and without blind pools Among the subscriptions reported to I Mr Sages Union Pacific scheme were the following Russell Sage 20000000 R T Wilson a Co 10000000 Samuel Thomas 10 I 00000 D P JfcAIpin 10000000 Has ber Co 55000000 Bank of the State of New York 5000000 Ualdorf Astor J5000000 Mr Astors subscription is said to have been received by cable Some of the names are said to represent other Interests besides the subscription I is said a large New York life insurance company will subscribe S10000000 Mr Sage goes to Washington today to confer with the president and attorney at-torney general at their request I The U P o Sale Washington Oct ExGovernor Hoadley counsel for the government In the matter of the sale of the Union Pa chic railroad had a long conference today I to-day with the attorney general I was stated however that the conference was without special significance i I |