| Show JAtz Working to tn at Paterson N T 1 New pw York Dec and And several of at Ilu citizens committee appointed to Kep the Rogers Locomotive Works Work lit at N J L have been Leen In confer conter contern La n o with Jacob S 5 for tor several days as Th They wanted Mr Ir to go give goB B a nItten option of at thirty lays das Oil on tho tha to the Katz on tl t terms agreed on namely namI that t C Brothers organize IL 11 lh and of at the tho theto ct to k c Mr Hoers to retain the ther I r mainIer to 10 be raised II by the tho commit committee tel tee b by subscrIption Mr Air t 4 sell 1111 the whole concern real estate anI and plant to the ne new company and take lake In Ii 6 per cent bonds 14 cc l I red by a morl mortgage ng the price to 10 be n b by an appraisement dr 11 It 11 gets RelM refused to 10 give the option un hi the Katz atz woul 1 bind to bu buy the works nt at the Iho end r c Ih the thirty years ears This they would I a t I 10 io The men who asked for tor the argued that time 1 a big n und and they needed II a ft r substantial than mere I fR on to 10 t I s 11 Mr replied that his word vord Good enough and he uld gh give nothing more morl unless hI he gut ut In return mono substantial than mere speculations III as to the pun pur base of oC the works 8 Finally he agreed I 1 gIve Ivo a verbal option for tor ten da dayt tor the purchase ot of the tho works on the tern agreed to but he reversed ed the to cancel that opinion on tort forty tight hour bours notice Tbs citizens committee bellu It wilt Will ho be able to meet the In the members will start out nt at OnN onee They will vill offer the paying I 1 per 1111 endl anti ond It Is J that this will Induce Nw New York capitalists ts to put their Into the project Time fh Katz Jatz Brothers have havo stipulated that they shah hall have control ot of the new lIeW com pa n and In order to do so 10 with Only onh ot of the capital a bonus ot of 6 O In common stock wilt will be given for tor ever every tull Paid share or of preferred stack l k lit at par Mr Ir Roger the lIle for tor which lie he wilt become reo re neeti not have any voice oleo In inthe I the management I The company which has for tor ral realS ears hail had Its engines made mado madoel el has hus to give Ive the theMI new MI company lie first t order for tor engines The railroad corn com company pany wants to keep koep lie locomotive Works work lit at Paterson nil as It is III 1 a bile big part or of the rOAd The fhe Illinois Central has lisen heen n a latron ot of the work It Is about to order fill fifty en entine tine hut hint withheld the tho order to 11 eec Ir if the works work would ouM Art After r the R a telegram va fa sent to 10 the Ull illinois Central It be settled In ten da dayi whether the works would reopen Ill It is that time the Rogers Hilgers establIsh h meat lies hRS lust orders for 10 by closing |
