Show British Bits LONDON May 9A plan for the con olidation of the Oregon and California and Central Pacific railroad companies ha been Alidad upon The basis of the proposed union is tie issue of Central Pacific mortgage mort-gage bonds in exchange for existing exist-ing Oregon and California bonds and the exchange of Central Pacific stock for Oregon and California ordinary stock An agent will go to New York for the purpose of arranging the details de-tails of the consolidation Mr James Russell Lowell will remain in London until the end of July He is present arranging a series of receptions recep-tions at which he will introduce Phelps the new United States Minister in political po-litical and social circles I |