| Show t41 AFTER THE CENTRAL Government Preparing to Foreclose I Mortgage I I STATEMENT OF ACCOUNT i I OMAHA WINS I3ST THE BIG RIDGB CASE I 1 ChicagoSt Paul Lines Begin a War of Sates Feared the Trouble Will Spread to the Biver Line of I J Steamers from Texas to Europe i j Santa Fe Emulates the St Paul and Adopts Zlectiicity New Road in TexasOther Railway News i II I Washington Nov 19The government govern-ment is avtively engaged in the prep j aration of its case againet the Central j Pacific railway in anticipation of the j companys default in its payments due I Jan 1 1S9S What action will be taken in case of default has not yet been decided I de-cided upon The only present purpose of the government in looking up the II j law in the case and preparing a statement j state-ment of Its financial transactions with I j the company is to be in readiness to I I institute proceedings should such a j I course be decided upon A representative representa-tive of the banking firm of Schyer I Co of New York has recently been in I consultation with tha president and attorney I at-torney general in regard to the Central Cen-tral Pacific but the nature of the conference con-ference is not known I The Ijllowins is said to be a statement j I state-ment of the govettnvent account j should a settlement bo made on Jan 1 j Bonds maturing Jan 1 1898 10614 I 120 bonds redeemed by the government govern-ment 6074000 interest paid by the government 4464O2O < interest due I Jan 1 1S9S 334333 bonds maturing I Jan 1 1S99 S9197OCO Total debt 71 119673 The credits are as follows By transportation I trans-portation S077609 by cash repaid I 65S2S3 by unpaid judgments and claims against the Tnited States 2 i 173306 by cash in sinking fund 7003 569 Total credits 8192017 Net amount of debts 52920716 It I seems likely that should the government I govern-ment decide to proceed against the Central Pacific in foreclosure this roads indebtedness to the government l will amout to about 35624010 on 4 Jan i |
