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Show RAILROAD PROPOSES j BIG BOND ISSUE' WASHINGTON. IVlv 4.- The Pennsylvania Penn-sylvania Hail road company asked the Interstate commerce rommission today to-day for authority to iaaue M'JQ.UOO.OoO worth of gold bonds. Half of the amount, bearing Interest at 6Vj per ! cent, would be sold and the o.hcr i half. Inartnir interest at per cent, would be pledeed as security for the i bonds placed on the market. Of the funds to be derived from the sale of the $t.000.000 of In. mis r to he, marketed. $ JO. 000 000 would be Used to purchase equipment f the Pennsylvania company, of which the railroad owns the majority of stock, and S22.O00.OUO would be used in purchasing; pur-chasing; shares owned by the Pennsylvania Penn-sylvania company in the Pittsburg-. Kt. Wayne & Chicago Hallway company com-pany and in other units of the Pennsylvania Penn-sylvania system. |