Show PACIFIC RAILWAY DEBTS S 0 THE HOUSE COMMITTEE AGREES ON A PLAIT time for settlement fifty years with interest at kpor ing fund used treed on first mortgage washington neton july lf lly a meeting which lasted all day the house comak tee tec on ral roada was able to on hit ally finish the problem which 1 lias ing engaged it 11 throughout the session an and d t to 0 reach a practical on a a a pla plan n for the settlement 0 the ehe debts of the iha central and union the bill which will mair be reported eaf ric 11 to the house will be la a iia dixs main 1 aes tho the ono one by y chairman remy with sonia soma important nana tor for a second draft ot of tt it the time for nent of the debt to t the he government li haw at fifty yea years semiannual semi sami annual payments in liquidation tion 0 f it to te be male interest Int tret la 13 to bo be a at th tho 0 rate of 3 percent pr per annum the principal amendments amend menta adai adopted ted today to day wera the erection of at making iron clad cad the Govern hold hod tho the property properly and it from any af atit rights ashta by bv the now arrangements at alo in the provisions for a inc committee in case the property should ahou d chanara changra dancla han cla the com not etbert it abat 10 lo AW such a contingency according to so the plan the first mort sag IPA alloun at ing to will be p paid a as a it 11 matures cle cleamins clearl arins nir the property of debt 1 on oil which it Is p 6 par cen I 1 the sinking h rund fund now amounting to is will ho devoter to paying the llast mort the Gavern governments ments ian lien alc 1 will become e the first lien under the plan will draw interest at 3 per cell ceni alq tho prin c pat boin paid in graduates semiannual payments pay menta through it 0 period or of flety f hopoi lions liona were maia made the to bave this period redo reduced ceI to f forty or deaia ca but bouc it iowna wag that in ahe e si present a i condition of the roads they OIL couil not le be expected to 10 ricot bucit re QuI remen th the period ot ct fitly fifty years Is a reduction of one half of the ime proposed 1 in the mil bill A ini of the aulde aua do a stand for taking che io held by ay the california mem bers bere of and glary geary his views did not MIA the rhe support which lacy he might nave ifft had see leeral clear L ahai 1 I tile railroads bowd is erocle paying T rc arty in tha na badda de of the aven vc add that been the prospect most ot a the committee expressed themselves as ad opposed to gl geraj ne ral helpley vu under the wt however tho the govera anent will foreclose fre cloi it i the fall to meet their payments enta the anid oded bill will ba printed and submitted to thi th early in the when A formal vote late will wil bo be taken the C aen it te Com committal mItteL of alich sang gona for or brice la ja has bas bed no meet anya inya ns n s lately and Js erswood to bo be ng for the house commilee Com to bute the tha I 1 and frame A bich cau can pass |