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Show STATEMENT OF LOVETT AS TO BOND ISSUE By Leased Wire to The Tribune. NEW YORK, Peb. 0. Judge Lovott, president; of tho Union Pacific compan3 todav gave out a statement as follows . regarding the companv's proposed 50,- 000,000 bond issue: ' "The Southern Pacific eompaio' has ' a very largo amount of mone3' invest . ed in what is known us the Bu3' Short Line (a short aud very expensive expen-sive cutoff and other terminals in San Francisco), all of which ure free from lion. Wc are now mcreh- taking advantage ad-vantage of tho annual meeting to be held April 6 to obtain roquisito consent con-sent of tho stockholders for the issue of bonds to cover this investment and such other improvements of tho terminals termi-nals as may bo found advisable without the delay and expense of calling a special spe-cial meeting. But no sale of the bonds at this time is contemplated." |