Show U I i BANKERS HARRIMAN ISSUES Financiers Dissatisfied With the Methods of Re Re- GAMBLE FOR OUTSIDERS Conditions However Make Safe Speculation for Directors Directors Directors tors in Company Now New York Mu May 10 IO Bankers ate arc alC not sa satisfied a ivI with t I I lie tho I Issues The Tho dissatisfaction Is K based primarily on Oil I tie the fuel fuet that tie they worn were deceived b by 11 official stu stall up tip 11 lo to time tho lat last min ute It I can n now tiow be hit said sahl that limit the lie HarIman liar Har- all al'- al' I l' l Iman hol holding ll g company l about bolt t which e ha huts has au so much l eh talk lalk has not hut l abandoned Thai ia however 11 will willJo wil in bc Jo a mere exchange of securItIes Il I e and will 1 ihl hivo I no ito 10 stock market effect Although Although Al Al- 1 thou though h h It t was aim announced oh on 01 Thurs da day that lie iho now lieu Il hOl bonds s of or orlle lle lie l Pacific would woul be hc lii In n three to five Ie years an In official aim an- was given out toda today which Iii said that tho they would h be convertible anything before July Jul 1 I In Tim tIme the present t l cun condition Ion of or which exists in lit Vail I street a I little mutter of ot fv five years h Is not hot vor very cry t. t But It I I now appears that lint the lit bonds are arc rc redeemable at ILL II the ito option of r ho company on n Jul July 1 1 DIZ or at semiannual semiannual semi semi- annual Interest l day I thereafter hereafter at a mu of or 2 2 per por cent upon ninety lays days notice ice In iam which case casu the thu privilege of or conversion cUI will terminate thirty ty lU days before the lie rt da day The rime lw bonds will be dated July 1 J. J I 1307 1207 and 1 Jul amid aul will wl nature in iii twenty years cans Thu hu new PReferred stock ock of ur Southern Pacific i i is n a l part mirt of Ir the time mme now new financing I 1 s redeemable re at U In iii I kIlo 1010 JO at at the time op- op thou Ion tun of uC the time of or directors I I If an mini any stocks Ioel s or ur bond were eru over ever f C is issued is- is 11 sued Wall ali with ul more mure audit dou lous restrictions times t time they have 1110 noL lot been listed l on Limo iho stock exchange The conditions l inako ko spec 1 lii In these securities absolutely safe for Cor th the the of or but alC or these theNO stocks stock au un an absolute le Jal tot Tor anybody else cis The In tn lull rie n. n guru il to Unto I l Iu a a- a ci lie unit t-ou t hi grit tier r good KOU oUi ohl L ti Uti thu j i. Hlo tho kl or tf U UL Iol limIt t d. ic mit hut u t th hit cups lt of C tir tr priming pe Is lilt Ii 3 Clou 17 lii Sn n i it I Hf fI I u Cl I. I 1 I. I 11 u i jiH j So la is rr v. v Tl TIn only with lh JIh IrIt IH Is that It IL I 1 is IN INI ed roil stocks nut ami bonds loll rio v crops of uC In iii time the tn fur Cur west would mac malic Ralta o J JJr ami unI Uld Un oi J look louk more like J 1 Irle rc than lucy do lu to today |