Deseret Evening News | 1897-11-19 | Page 9 | Sale of Central Pacific

I m OF CENTRAL PACIFIC Government Taking Steps In Anticipation of Default 1 h Total Debt 01 7 a cy I Ion Jill loN o HI I0I73rhvN are lro1 AgNiAllt I Jill SOON Washington Nov 10ho government govern-ment Is actively engaged In the prei ar ration of Us Clove ngalnst the Central Pacific railway In anticipation of thc companys default In Us payments due Jnnuur 1 1S5S What action will betaken be-taken In cnse ot default has not yet been decided upon The only present purpose of the government In looking up thc law In the ease and preparing I a Statement of Us present financial I transactions with the company Is I to bo 10 readiness to Institute proceodingm A should representative such a course of the be decided banking upon firm I of Scloer Co or New YOlk tg recently centl hen In consultation with the President and attornt general In regard re-gard to the Central Incifle but the nature of the the conference U not known The following Is I said to bo a statement state-ment of the government account should a settlement be made on Jan Ibt lbtIkinda i llonds maturing Jon 1 189S S10C14 120 bonds Kerned by tho government govern-ment 1607400 Intercut 1 ald by the government I4IMOJO Interest duo Jan 1 Kill IjJI 1JJ bonds maturing Jnnl lkJ9 1 197000 Total debt 171 19673 11 The credits tire its follows BY transportation trans-portation 3 077 003 by cash repaid 1028 by unpaid Judgments and I claims against the United Mans JJ 473306 by cash In sinking fund 7 001 C09 Total credits tls 11 > UI7 1 Net amount of debta I1J 920718 Ilscems likely I Hint shoal 1 the government gov-ernment proceed ngulnst tire Central Pacific In fureclosuie hie rond In dbtlne to the government Will amount to about t51524G40 on Jan It