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Show HB. HUBBARD'S PLAE. His r;oposllioQ to Selila te Debt or the Pacific Roads LAIU II ITU It F, 1IIK IOMlirilK. Vst tlir Sinking land lo MM l!uuJi-L&trnd l!uuJi-L&trnd First lorifa;e Indcbifdnsaa. WasIiinoton, Feb. I (Jetirral Huhtiard, representing the CauUul I'aclflo railroad, waa again beloru Ibe lUute Paciflo Htilroad com tn I ilea today to-day and outlined at length the plan he prnputrs for tha settlement of the debt of that roaJ. His plan I to u-e the sinking luuJ, amounting to $i01ii"0, f ir the Central aud $2t),uot,i'iu for both roads, timeet tho tlrsl boii ia, ao ne of wblcu are already overdue; to give tha government fldy-year 'i per rent income bauds for accrued Interest paid by the govrrtiment l; fund tha gverumeni bouds as they becume due lu flrel mortgage A r ceuta. Ibe gUTeiuuietll bomls near 0 er ceut lu-lereat. lu-lereat. tula proposition luvolves tlia extension of ttu flrat oioil lu-ueotedness, lu-ueotedness, as the goVrromeui nouds are t-keu up. I he tpMtatluu whether Hie eiteulou of tha llm murtgigs IlidebteJneae would ptodiCM tne pnty lu the thirl m rigige btude (.hi .unliui b $ld,(M f,u )) su raiaed. bit (.ieneral HubosrJ aillmt-d It couid As lu the iiiealloti whether the gov. erumrut buiu holiiere touid aucei t A per cent ul tne flrat moriKUgu buuua when ibe 0 pt-r oeiit govrrnaeol tun is became duv, Ueueral HubnarJaiid tiie I bunuholdra ejuld be couvinut-d that I theaecuilty was ample. I he earning durllig the peal two yeara ol Hiiauclal irpreoflnu haj bten t.tlO '.ouo, while the I n tot tH cltures were but .(HIjU. lu ordluariiy proirous yvais tbrie would ou no inutile abuut It. |