Show Northern Pacific Financial Plans NEW YORK Aug lBThe World this morning prints this The finance committee com-mittee of tho Northern Pacific railway company was to have acted today on the 15000000 collateral trust loan plan and they were generally though t to bo favorably uclined towards it Henry Villardyesterday surprised everybody by sending to all the directors a detailed plan by which he proposes pro-poses that the company shall issuo a grand consolidated mortgage of 10000000 for the purpose of retiring the whole of the outstanding out-standing bonds of tho company The grand total of tho North gand tot errs Pacific preferred bonded indebtedness indebted-ness Is 120000000 The excess of I 4000000 In the proposed new issue would presumably be used in paying premiums to the holders of the present bonds so that tat they would surrender thorn for the new terest issue which would bear a lower rate of in |