Show CENTRAL PACIFIC Reorganization Contemplated By Bondholders Committee New York Dec 10At the request of the holders here of a large number of shares of the Central Pacific Railroad company and of the members of the London company of which F G Ban burry 11 P is chairman Messrs August Aug-ust Belmont John G Carlisle and John Coppell have undertaken to act as a committee to prepare a plan of reorganization reor-ganization for that company The purpose pur-pose of the committee is to procure an equitable settlement of the government on the plan of those portions of the Central Pacific railroad which were built with the aid of bonds issued by the United States for the assistance of the railroad company to avoid the expenses ex-penses of a receivership and to bring about a reorganization of the company in such a way that a new issue of bonds may be put out at the lowest I possible rate of interest I |