Show I UTiLe U-Tile Lease of the Olt N Co NEW YORK April 26The Tribune says The lease of the Oregon Railway Navigation Naviga-tion Companys property to the Union Pacific Pa-cific Railway Company through the medium of the Oregon Short Lino Railway which is controlled by tho Union Pacific was signed yesterday The terms of the lease were agreed to in November but many obstacles prevented the accomplishment of the scheme The last one to be overcome was the hesitation of President Adams of the Union Pacific Company in regard to the positive guarantee provisions of the lease by his company Tao basis of the agreement agree-ment is interest on the bonds and dividends of 6 per cent on the stock for ninetynine years On account of the legal hindrances the lease is made to the Oregon Short Line Company but the Union Pacific guarantees the prompt and full performance of all tho conditions of the covenant It is understood that T J Potter vice president of the Chicago Burlington Quincy Railway has accepted the general management of the combined lines with the rank of first vicepresident at the earnest solicitation tho Oregon Company His acceptance was on the sole condition that the lease should be accomplished The presidency of the St Paul road has been offered to Mr Potter since the death of Mr Mitchell but the signing of the lease yesterday yes-terday prevents his acceptance |