Show PLAN FOR reorganization tho the US U S to issue bonds and have a control boston dec 6 5 the news bureau suggests the following reorganization plan for the union pacific it submits that iran if an attempt were ninde to rearrange the pacific indebtedness ns anil and give free payment t to the go government yern luent while the earnings are decreasing ng it t can best bo be ilone done for all interests upon some such comprehensive plan as the following the union pacific stockholders to surrender as at pre present enta a majority control of the property perty to the government which can call property Ero be a represented by several al directors rectors out 0 of f the twelve one director to be appointed cich each year or to hold life positions subject ab t to removal for cause to have a 3 alary and no other occupy nation ion the government to issue three per cent bonds at take up all union pacific bonds at the tile avers average a market valuation of the three years ena ending january 1 1894 pay the government debt which the united slates states treasury will soon be called upon to pay in fulland full and leave from 50 to of these bonds ill tit the tile treasury of th tho 0 union pacific half of which could be used for raising the property to a proper standard for a government road ond half to remain in ill t the a t treasury for future development to make these bonds perpetual at aper 3 per cent and permit them to be used at par as a basis for national bank batik circulation |