Show GOULDS VIEWS wabash bondholders Bond holders must help the road new york sept 12 george J gou gould id who returned from abroad yesterday indulged says new york herald in some pertinent com meets regarding the duty which a great railway system of the west has I 1 contrasted with the consideration it should ties give to holders of of its these theae views were given when mr gould was speaking of a plan recently announced tor for exchanging the wabash debenture B bonds on I 1 which the system has been unable to pay interest for new securities the bondholders bond holders have been making demands tor for payments of inter interest 1 I t fo for a I 1 year owing to increased earnings which for the last few ye years ars have been een devoted to improving the system we cannot keep the wabash railroad r in proper condition said bald mr gould could an and at the same time make make any payment on the debentures tho the railroad owes a duty to the public fully as much ns as it does to its security holders and the latter certainly lecog ellz this fact as air established prin e a vo ve cant jet ot the guiv run down to the detriment of the shipping intebi interest ast of shippers 0 I 1 we cant ignore tho the demands of the public for proper transportation facilities and itis our ofir duty to aro provide them there insurgent is urgent necessity for double tracking bromst fro mSt ouis louls I to chicago and other points we cant sell bonds to do this work owing to the debenture mortgage and the only way vay for us to accomplish it in ex citing circumstances is to carry on the building out of surplus earnings so the wabash railroad cannot be properly maintained unless we adopt a plan for the exchange of the debenture bonds as now proposed under tinder which the bondholders bond holders are to get new 4 per cent consolidated bonds and preferred and common stock I 1 hope the plan will go through as it is to the best interest of the bondholders bond holders I 1 am the largest individual holder of debenture bonds and intend to deposit mine in exe exchange allanic for new securities whether the proposition will be carried out now rests E solely with the bondholders bond holders mr gould expressed pleasure at an arrangement made with the pittsburg lake erie road regarding freight terminals for the wabash at pittsburg the vanderbilt interests he said have treated us well in this matter and met us in the most friendly spirit |