| Show n PACIFIC SALE PACIIC SALE I Terms of Reorganization Assented to by President I Presi-dent McKmlev 1 i WHAT THE GOVERNMENT WILL LOSE I loa Will I U Vote iicoreebeaur = lo 411lectorient to be Paid 0 62s oUOooOTho Future Chicago Sept 23A special to the v Tribune from Washington says The Union Pacific reorganization committee proposition for Gin settlement settle-ment of tho iompnn > u debt to the United Mutes will be accepted the I government mortgage will bo foreclosed fore-closed the load sold and thu company reorganised 11 This Statement Is I made on the high cut authority For several days pat the lit ml lent fall had conferences with the representatives of tho company and fill the ultimo general paR he left Washington he agreed to the sale ot tile road anti Its reorganization I upoll the hoal in hleh the leoronlc ton < Illlte suggested The on nnnInt of the eclslon may 10 looked lor ut al early date I Will Come II 1 on order for foreclosure Issued hy the lreWent to the secretary ot fill treasury The Agreement to which Pldent MeInly ha decided to give his Sanction Is tile same which was sulimlttcl to Congress by President I Cleveland last January Under this J agreement the reorganization commit too will bid for the road under 1 fare closure safe the sum ot 145 751 01 In order to give an Intelligible statement state-ment of vhat this bid will mean tn the United states It Is nerekxurj to enter briefly Into the story of the Union Paclnc hllgltol to the govern merit The principal df Jit of the Union pacific I to the United States was S3 s B33M2 A portion of this has not yet fien advad hI tile Unld States Tito Interest raid hy tile government timunt to 1136954M The whole In debtedness on the first day of July 197 wa 70 < 1JOr The sinking fund nt the Union Iacile In the hn ot the treaurer ot the limited States oa the Film do vilm 17738209 After i deducting i the smKinr fund wnicn la An Asset if the nur oh hnndq I ot too United Stales for the purpose of PaYing the debt of the Union Pacific Company tn the government the um of JM Olr SrO remains tn be pnlrl That la tho only sum which trip Fitzgerald reorganization Committee as t Is I knnn will be required lo pay the government The loss to the government Is I tho difference iHvveen jm000000 which Is t the net amount due the ovrment fn round numbers And the t2000000 making a Inito of nenrly 5000000 In round numbers oenrln to the trotter itare nt the oppnent the regroetrient Th acreomont nr he toreelor vale also Contains a provision for tho rp nTcanlnton ot tho Union Pacific n n compativ n1 Its Knnani Pacific breach The reorganization Commit te ennlts of Toll lzroht Jacob H Sehlf T rrtrsol Coolde Jr haueey M npew Marvin Tochlt read Oliver Arrive Tito nw elplol I zallon ot company under tho ritz comOny raid plan u I he 100 000 000 four perCent per-Cent hands S75000n ot Preferred stock Ind 1610000 ot common stock |
