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Show Till. Mlllllll 11V 1-ltll'lt. Mllar.l Natil m )nTi. Abandoned llie r Heli.me a Hell Ntoella. New Yomc, March 24. The Jkrata tays: It Is said Vlllard has abandouo I tho scheme to cell the Bt. I'aul and a Noilherii l'aclflo stotk In the treasury tt of the Northern l'aolllo rallronl, lu order to I ny oil thelloatlng debt of the '' company, it 8 reportid that i Vlllard has I ten asked to nsino the price for tho balance of the Northern Paclllo stock held by thu North American, presumably for thu rurpo.o of scouring his retirement lu tho cosiest possible wnyr BTOCKIIOI.UfcllS' 1 HOIOSITION TO 1IIU MANAcitanNi. Nmv Yomf, March 24. Henry ; Clows, chairman of the spedal com- J mlttte of stockholders ol llie Northern , l'aolllo railroad, said this afternoon; "Tho stockholders havo mndu u I imposition to tho management '' taking up thu floating debt of fO.OOO.OOU. It Is to Isauu f 12,000,000 oullattral trust notes, run- nlug live ye a re, bearing lute-rest at six j or coot. Thus tho company could ay oil tho floating debt and have a balance In addition, A syndicate stands ready to take the whole lot of notes. In con- ilderatlon of furnishing the money It reiervea representation In the boaid of ultsctoif, wbkh would necessitate the retirement of Sims of tho (.rnrnt mem bcrs. Thu bt. I'aul and Noitneru I'aclflcBlotklnlhiicoinpny'stroury, which the inaniijeuioi.t proi osl to Mil, and tho securities now behlnj llie lolling debt could he used ns uol'alrral fur tho notes. rtleHt. l'nul rind North-irn North-irn l'aclflo list year earno I 8 per cent on thu stock nud It docs not sum sound financiering to loll so good an RMct as that," |
