Show lllilllMI AMAIIIV till IUi r llshTklllliilloil AUKD > dod IlltlADKLVIIIA It June 22Thue board ltt manager of the Philadelphia l and Heading railroad today decided to abandon the plan for rehabilitation of thu comjnuy becaiisa Ihu required lumltr ul seeehs from the general mottgage bond boldeti waanot being oh tallied Tbe total naiantaara i7lMHUOl oltha general mmtgaKeboudi There Were about IJOO 1031 abort and the 4112IS iharee ol 1 the stock Were 09762 nboit All oncl ofthecompaDy tald aflir the meeting that a foreclosure would now be regarded ut Inevitable 1reildciit HarrIs tubs uflernoon lituid a italrmaut lo Ibo security holders In I part ai follown > The luard of uisuagers reitmt to announce fist Ibo plan ol rraduilment of May 27lh failed lo receive thu auient of tb tl rtiiuhlte number of shareholder and LJ UloO Ii obligation of the company I liy the terms of the plan It wai provided that II the 111011 01 Iho re < Ulilte number Including over DO per cent of Ilia general mortgage band and OU 11 cent ol the iliarr should not be loaned hip Ihu 210 of June the luhrcrlber to the proposed Issue of collateral Iruit bonds and general mortgage coupon cerllllcaUn ahould be closed The luhicilptloni were made up on thin condition and 0S 1 Is I uot I osilble at the present time lo have such cubicrlptlons renewed or extended the plan must now be I abandoned aban-doned and the subscriptions released Kltlipcsilblf J that many friend of i 11 aNo the uimpany In this city and New York who united lu askIng that Ihu holder of the Knlttaudlngiharc and lerurltle be uen till alter July the lit so lion the general mortgage In tureit will mature may bu I corned In thinking that Ibo retuisIle number num-ber ol assent would thereby Lo tecurod but nontuLicrlptlon to Ibo proposed lisue of collateral I Irnit I > old and coupon trust culln can would also b required and IbIs cannot La male up The manager have adopted a resolution reso-lution releasing the euu crll > srs lo the proK > M > d Issue of collateral trust bond and general mortgage mort-gage coupons tiuit certlllcatri and dischargIng I Irons W liability the mortgige bondholders and aharehold era who have asssntedlo Ibu his |