Show proposition for debt settlement made by representatives of the roads U P and C P willing to pay face of debts if uncle sam will receipt in full washington feb ll 11 alie house committee on pacific railways gave a li caring today to representatives of the companies E ellery anderson a receiver and government director of alie union pacific A A U who represents largo foreign holdings holdin cs in the same company anac II 11 tweed of the central pacific presented a proposition of the corporations to their government debts by the payment of the principal an arrangement by which the union pacific shall pay tho united states about alie central pacific about of largo in kew york city among them president fitzgerald of the mercantile trust company and 8 morgan a member of alie reorganization committee have sent dispatches asserting that the bill authorizing the secretary of the treasury to accept the cash the principal of the union pacific debt in full satisfaction of all claims upon it be accepted and carried out by the company the proposition was formally made by for the union pacific today anderson said the of the keilly bill by the house without action and the failure of congress to give alio executive branch any instructions as to the protection of alio governments interests left lie matter in a very unsatisfactory condition the central pacific representative tweed was not prepared to make the same prop rosal in behalf of that company but said that it alio parties who advance debt could bo protected by holding a government lien as security for their advances the same terms coufa bo carried out by the central pacific such security was necessary in his opinion on account of the es istance of liens prior to the government lien the result of such a plan lie argued would bu to protect the government against ite obligations to pay the currency sixes |