Show ROSEBAUM SUCCESSFUL He Went to Enropj In be Interest o U P Shareholders There fis No NceIfir lie bey Ir the I an too Lo 00 1I0U NEW YORK June 14W H Kwe bourn wbo went to Europe last April In the interest of some of the illtiatll Bed shareholders of the Union 1aolflc returned today He lays that lie win I more success ul than be even hoped lor when be Irld it fully realize be said the great difficulty ol opposing tile powerful tyudlcate which Is I engaged now In the 0nlId orgnllloo 01 The Union Pacinocompany Borne promt Beat houses boW ever bno rollld thermoselvasommour side although for i Joe present tO they wish tahavellivir names withheld until the oppoiltlon Is I more cryttalizeJ I Tba company can Le eully reorganized re-organized without the necessity of creating 75000000 oj preferred stock l think 50000C03 can bo easily nd 11 ultioalisrohollarp 01 Cliterme all Union Pjclfla ieorgsnlzsllon plo Bro dependent on bring ba tu effect tettlemtnt ot the government dab on about the basis I which the present rtorganlzillon commllle contemplate con-template but If euou a tvlllement can be obtained Ibo creation of this main of preferred stock Is I absolutely uonec tessry and wasteful Tbere ate still bp however that Uongross sulmbt hf huiucid to uratt au ixonMon o Iho ilibl on a lair basil W HI a sinkIng sink-Ing fund the whole pnve > agent dbl could b dlrclinrgid nrlbln a reason blelimvand there Ian ueceedly lor the KbViTimieint In In One dollar The U lou Paolflc no amutlni the PO > menu Into Ibo collateral trust sit VI I K follow and Moral eiir ur I try Items such an losses 00 lovlwoo 9 hell Will lint Occur a I loot Year a lupiuaol OOOUover iml an v ptyiuent the Koverumnut V 124401111 I mud after having Chiron the fitu interest on nil III dlloct In ftbodnessixtoopt Iho Vrmous null it erall Iaut Which nte li w yet nearly i 61 UpiM > rtlnir ruere la I not the slghloi fouhl that Ihe Inteieituu aboul 000000 first iiiuilgliiu Lon in can bo re Uied from six per Cantle four I er cent without the ueocsity ol giving tile first tujrlgave bonds mil II u > lu preleind itick as a ballot I 1 bli aoir would save to this om pony bon 750000 a year aud would have euabui ne com uoy 10 apply In y eats fOJO UOJ lower I the payment pay-ment of tiitf Kuverumutit debt O course nil financial men reatlzi Chat II tbe goveromout wauti to tell vUt UN 0111 mud receive cash IIIorlu1 I t would be qUIt Impossible ti raI the lull sjm of about 551000000 watch to now OWOIl 10 100 govern ment and Iho government would have lu accept a Uy interiflov Aoy bUl fit rising from this sacrifice tuoulJ however lu all juulcu audlfalrueis go to tile eitckuiluircaud atiyihlnz that I liI left alter having made a settlement with the bondholders by rljhl molt qulty Coast covert lo the precin 2alleb tuareboldeie I I |