Salt Lake Tribune | 1895-07-02 | Page 3 | Union Pacific Jubilation

UNION PACIFIC jubilation foreclosure involves delay in their favor omaha july 1 pacific Iaci lic oell bials knew yesterday that thai the american loan trust company had decided to proceed under rather than accept the terms of judge merritts order in ili the oregon short line utah northern case in ili consequence of 0 this information mr R ii hall representing rc the biegan short line and the utah northern bond bondholder holders left tor for rort portland land last night to be ba present at the preliminary heating healing on tile the bill and answer befera judge bellinger Bellin gIr next wednesday senator thurston has also been acquainted by telegraph with and he will ivill undoubtedly ie be present to represent the present receivers of the union pacific the action to be taken wednesday is merely preliminary to the taking of a decree in foreclosure judge kelly of the union pacific when asked what action would ic be taken in ili portland said the application for a hearing on the bill and answer is merely preliminary nothing may be done whatever it would be hard to say just how bow long a time might elapse between a decree and sale ot of tho the property it might require months before an absolute sale 1 is 14 4 accomplished until the fedring of wednesday it wo would uld be foolish to anticipate the action of 0 the american loan fiust company in it be just as foolish for the first mortgage people to show their hands until made necessary by the action of the courts