| Show UNION PACIFIC RAILWAY Circular to the Holders ol Securities of the Main Line Itnruaelaoiaoes Poi pend Uiii tOe AstOiaiufgcsoeea eoami UIIwa NEW YORK Duo l1Tbe reorganization reorgani-zation committee of the Union PaclOo Railway company today addressed a circular lo the holders of securities of the companys main llnei Inclusive of Ibo Kansas IMclflceiplaining that the decision would extend to June 11897 the time during which the plan med agreemol may be declared operative the circular says a bill agreed upon by Ibe committee on Pacific railroad of botb houses shortly before the adjournment adjourn-ment of the last lesslon of Congress Is In the main featurea latliiaotory It li I hoped that action by Congress tbe present session will favorable In wblob event the committee will promptly proceed with the reorganisa tion upon the Hues proposed by the funding bill Sbould However thee expectation not be reallisd there Ii a probability thai tbe government will proceed ou tbe existing authorization wltb forecloturu of its Ileus In such event Ibe committee Intendi to purchare the properly and thereupon reorganized the property Tte com mltteo deemed It prudent to postpone action in declaring the plan operative until Ibe attitude of Congress and the executive becomes more clearly de Sued |
