Show l The directors of the Rock Island roud 1 i have given up their Idea of refunding the obligations of their system and Its lljl 1 1 branches by the issue of a new set of bonds to the amount of 250000000 taking ta-king up the outstanding Issues It Is not a good time to make such deals I and the financing of he consolidated issue will be left for some other proposition I propo-sition Tho recent upheaval and slow h I righting of the New York financial I market has taught the financiers j a lesson les-son and jthey are getting more cautious cau-tious It Is an excellent symptom of the financial situation I |