Show NEW DROW PLAN PROPOSED WASHINGTON Aug 27 JA WI- WI J- J P A new plan for reorganizing the Denver enver Rio Grande Western Railroad company and consolidating ing ng it with the Denver SaltS Salt Sal Lake Railway company had been proposed Wednesday by M. M S. S Jameson examiner for the interstate interstate inter- inter state tate commerce commission Under the plan the railroads would consolidate only if i holders of at least two-thirds two of the Denver Denver Denver Den Den- ver Salt Sal Lake income bonds voluntarily accepted an extension extension exten- exten sion ion of the maturity date of the bonds and modification of interests interests inter- inter ests on the bonds to provide for 4 per cent fixed interest and 2 per cent contingent interest The plan proposes a capitalization tion ion of for the re reorganized reorganized reorganized re- re organized Denver Rio Grande Western on the basis of a consolidation consolidation consol consol- consoli consoli- dation daton of all al the affiliated companies companies companies compa compa- nies including the Denver Salt Sal Lake Annual fixed charges would amount to Original plan of the I C C for consolidation of the railroads was rejected ejected by a federal district court courtat at Denver because it did not contain con- con tam ain tain a provision whereby fit ft f least two thirds of the Denver Salt Sal Lake company bondholders must approve approve the consolidation and ac accept accept accept ac- ac a modification of the interest interest interest inter inter- est provision |