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Central Pacific Debt Settlement Talks Advance at White House
Washington dispatches report a definite agreement on Central Pacific railroad debt with the Government Commission, bankers led by Speyer, and officials Bliss and Griggs at the White House. Plan calls for 5 million dollars in semi annual 3 percent notes secured by 4 percent bonds, with signing expected soon though conditional on circumstances and Gage’s return. Griggs anticipates a decision next week, while Huntington’s offer may be accepted amid possible rival opposition.
MENTIONED IN THIS ARTICLE
Washington
Pifjic
Government Commission
Speyer
Bliss
Chiggs
White House
Central Pacific
Gage
Griggs
Bulletin Corresponent
Huntington