Show I THE BIG DEBT PAID Central Pacific Completes Details of I Settlement Washington Feb ISThe settlement of the obligations of the Central Pacific Railroad company to the government was completed today when United States Tree surer Roberts was given he notes of the company for 58812 n5 15The The notes are twenty in number payable pay-able semiannually and are each for i2S40W3 bearing interest at 3 per cent Internal revenue stamps to the value I of 1176254 were ofllxed to the notes I Treasurer Roberts said that he understood I under-stood five of the notes would be taken up in a very short time The government holds as security forth for-th payment of the obligations its own G per cent bonds which were issued in behalf of the construction of the Central Cen-tral Pacific and these will be replaced j In a short time by a new series of i bonds to bear 4 per cent Interest which will also be a lien upon the toad The notes which are dated San Francisco Feb 1 1S99 and signed by Isaac L Requa the president of the Central Pacific company contain the provision that in case a default Is made in the payment of either principal or interest the entire series becomes at once due and payable The bonds which will be given as security for the notes cover not only the Central Pacific road proper on which the government has a lien but includes all of its branches and terminals so that the security is regarded as far in excess of the liabilities |