| Show Considering the PacIflc Kailroarts Debt L WASHINGTON April 12The House com 1 mittce on Pacific railroads today further considered the Senate Pacific railroad lund ing bill beginning with section six the first section relating to the Central > Although but this one section of the bill was gone over this morning a subs ntial result in the way of progress toward a con elusion of the entire subject was made as this section contains the principle upon which the debt is to be adjusted Consid able discussion at times characterized th with some warmth and those members who heretofore have opposed the Central Pac c bill manifested an indisposition t agree t the provisions of the Senate bill relating to that railroad A proposition Was carried t change the phraseology of the section t conform to the first section 10 dating t the Union Pacific Then the question of interest on the debt came up Tho section fixes that at 2 per nt and a c notion was made and defeated to make t his 3 per cent to correspond with the Union Pacific provision Lastly wa motion t o strike out the paragraph allowing a re bat of Iper cent of the interest which iso t is-o be capitalized for the year was also de feted It was agreed that the considera tan of the bill by sections which is now proceeding shall be regarded as prelimin at ry and when the bill comes up as an en av rety each member shall have the right to v ote again on any proposition t make fur t icr changes and upon the bill as a whole |
