Salt Lake Telegram | 1935-02-28 | Page 20 | D. R. C W. to Onit Interest on Bonds

0 DI D. R R. R G 6 W WI TO OMIT I I INTEREST ON BONDS 0 I NEW YORK Feb 28 CAP Di AP Directors Di- Di rectors of oC the Denver Rio Grande Western railroad today omitted interest inter inter- est due tomorrow on its first consolidated consolidated consolidated con con- mortgage bonds pending completion of a plan of readjustment A special committee of directors was appointed and instructed to proceed proceed pro pro- with the completion lOC Lof a a. plan to be submitted to the board at a meeting not later than March 21 Announcement of of ot interest in in- terest was made at the conclusion of a three-hour three session of the directors directors tors tor and all declined to elaborate upon the brief brier announcement Their meeting here came on the heels of discussions discussions- between officials official o of the road and md the Reconstruction Finance corporation in Washington yester ester day