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Show 'DENVER & RIO GRANDE TO PROTECT 1 ITSELF AGAINST PAYING ON BONOS Wlmt In believed to lie the Inst miii Ii) the Denver und ltl (irnndc to protect Itself ngulnst having to pay Interest on Hit .ono.ooo of We-tern We-tern I'scMIc bonds, which It guaranteed guaran-teed mill ho save Itseir from h receivership receiver-ship In case the New York courts hotil It liable, developed during the past week. The Wostcrn Pucirie bondholders" bond-holders" protective committee, which brought milt ngnlnsl the Denver nml lllo (Iratidi- for the imyment of I.-Stn.nno I.-Stn.nno interest due on Western I'm-tlfli- Kind. Iihm submitted to Hit bond-I bond-I holder of the Western Parirlc n prop-.osltlon prop-.osltlon made lr ultnrne) for the 1 Denver nnd Itlo (Inutile. It In pro-l pro-l poihmI tlint the iMind outntnmlliiK niCHliiNl the Wrotvrn I'nririi- nnd Kmr-jiuilffd Kmr-jiuilffd h tho PriiMTnud Itlo nrnndi I lie rrcullcil. tlint til)1 ImiidlioMrrn ur-ci'pt ur-ci'pt onc-hiilf tlir umount of tlirlr I IhiiiiIn In prrfirrml Mm'k of the 'v-j 'v-j tirn I'liciric nnd Hint Dim liond Ixhii I io dfcriMiiifd dy otip.hntf In thU iint the Pomrr nnd lllo (Irnndc In to KtiiimnU'c thc prlnt-lHil nnd Inter-Kt Inter-Kt of thn liondn. Another iroM,iiin hnx iiIk lin HUlnnlltcd to the liondliolileri) of the WVMern 1'uelflc hj Denver, nnd Itlo aritmlc ottorne) TIiIh Ik Hint thc Intercut on the Imndit lie diu'renKed to t per cent, thut the Denver nnd lllo (Irnndc Kunmntee the pnyment of one-hnlf of thc Intercut rnlc nnd thnt j the liiinilholderH tnkc pot luck In thc inrnlnKK of thc Wentern I'm If It fur the other t per cent Intereet due. 1Mb proportion must be voted on b the hondhotderK of the WcMnrn I 'h 1 fir. H clthsr t Heccpted thc Denver and Itlo (Irtindc ofncbtln urn said to figure that their rwmimny ran imy one-lmlf thc Interest on the Western Wes-tern I'arlfle bonds, iillhoiiKh It run-not run-not m the entire Intcrwt charKes, The milt now pending In the courts of New York. If decided adversely to the Denver Slid Itlo Dmnde Hlld the rosil lie romiwlled tn my the II,-110.000 II,-110.000 I liter to w.hi Id i-ntiM that nwd to seek relief by going Into the lisndH of ra-etv era. It Is lrllevel Then the Interest charge would stop hihI the bondholders of the Western I'm-ilfb I'm-ilfb would lme t.i liMik to that road for iment of interest The iiiiirtM. It Is saM, would divorce the Western I'nclflc and Dcnur nd Itlo (Irnnde |
