| Show THIS PitH Northern Delayed I Upon its Account I The file delay deJay In the thu announcement of at the terms of ot the Northern Pacific E fluent ment said the New York Dally Daily of yesterday Is due clue to lo the time Inability Ina so eo Tar far to o agree upon tho tIme details for the tIme control of or time thu Burlington and the lie fur ear surrender render of ot time the Northern Pacific pro wo toured stock owned by the tho tie Union Pa Ill Pacific elite This Is la the ground for the current report that there had hail In ben been en a n hitch In tho time deal and It caused a n consIderable selling sellin of ot Union stock When It was announced that thuu t tho the main points of ot agreement had been settled eneo ence wolf wn made only to the decision rn It ef f HIM Hili und Morgan to give uj Ul n a halt half Interest In tho the Burlington to HI till Hie Union anti and to lo permit the re retirement reo of ot Northern preferred IJ stock Block In their efforts to lo determine how the Burlington should be bo financed they Ihl met unexpected although It Ina agreed by hy both sides Allies It In is said that n a proprietor proprietary company should he ne organ Iced for tor this purpose as a well us tie an another iii other proprietary company any for Went Northern arni Northern There was a disposition on the part narl nf it the tIme Union Pacific to surrender Its Ninth h em era Pacific stock In exchange for far shares In a 0 new proprietary company compan but members m of the time cate otto objected to paying a 1 large amount of or cash for or n a Interest In the Burlington The price of ot KOO a II share was to lo be too large larKe anti If nil cash caRh were paid for tor the th Burlington It Would be lie nn an outlay of ot which en iti entirely h different nt from what tho the Harrl man people hail had In mind It was as said laId today tOllay that the moil likely way wa out of ot the difficulty would l b he hel surrender of ot tho the Union Pacific holding of lit Northern Pacific In exchange for roe an nn Interest In Burlington Tho Time former nrc about par var value anol are arc wild to have cost something more than If at figure But nut If Ir the Northern Pacific time the Great Northern accepted the exchange tIme the Northern Pacific company would bo ho buying Its own oln stock It U Is believed ll that the two proprietary companies I will afford a 11 method of It getting out of ot this dilemma but bUlat at the time moment things are not progressing very rapidly I |
