Show nt 1 BOND ISSUE ABANDONED II I I Rock Island Considers 250000000 i Too Much I 1 New York Dec 23 Directors of the I l I Hock Island company have decided to Ir I abandon the great 2uO000000 bond issue is-sue announcement of which was made hist summer This decision will be i announced to the stockholders at the I adjourned annual meeting which in = scheduled to be held at Davenport la i January 7th next The reason for the decision is thai t the I directors deem it inadvisable to carryout carry-out the scheme which involved all the f I issue i of the various controlled lines at J the present time and as the company ifl said to be not in the need of money 1 i there t is no necessity for its consideration 1 I considera-tion Conditions have changed in the llnjincial markets since the promulgation J I promulga-tion of the bond plan and it has been divided to entirely < l abandon the scheme The purposes are still held in mind but I it is likely that another financial plan i will be formulated later for refinancing j the entire system |