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How do you set in AutoCAD Elect 2014 the multiline text default settings to be 0.125" high and centered?
Enter Command:MT
then click on screen. After that in [] ,following options will be displayed
[Height/Justify/Line spacing/Rotation/Style/Width/Columns]
By selecting appropriate option you can change default setting for multiline text.
Type the command TEXTSIZE. Choose the size you want. This will place that particular size in the dropdown box in the ribbon (Annotate Tab), under where the Font Type is shown. From there you drop the list down, choose the (default) text size and you're good to go.