Show ULTIMATUM TO SCHWAB landholders Protective Commit Committee tee Lays Down the thc taw Law to 10 Him Nn York Jan Jai Unter declined today tola to make public nn on behalf of oC tho bondholders protective committee of oC the tHa i Shipbuilding company to 10 the tho plans of oC compromise e proposed by Mr Seh nb and his associates One of oC tho bondholders who ulm has haM been bec prominently with the th opposition tion tin to the tho Schwab 1 Interests no 1 offered by b Mr lr Schwab or tho Interests cnn can be listens to or considered unless he agrees to these three thre things First The Invalidation of oC I Ir Schwab now holds holl amount amountIng Ing In to 10 about The election of DC a 1 new hoard board of oC directors of ot which Mr Ir Schwab li linot II not to tl havo control for tor years the trust on In It Il feet by hy bythe the of bonds ready red mono Ilono which would I 1 needed which Mr I Schwab wants to take at a 1 20 O per percent cent discount or at lt SO O but which he must 1 t take nt par lr If It Mr Ir Schwab cannot canoot tako up these three proposals no compromise Is pos POy possible sible Mr Ir has hall had hlll offer under cOI or nt n t leant has hal heard of oC oCI It I but bUl he ho has his mado malc no answer to It I |