The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-23
or the company when the bonds under the old
orc xchauued and canccllo6

- Of The company when the bonds under the oil
sarS, orc exchanged and cancelled.
mottsas hs meantime. IT win receive accession
Ana, M every mortgage bond exchanged whic
security re Thy these trustees undo, endorsement 1t
SO framed ts oouns. n for tae security Of Inc bono
hny Gn Snas paiBS S new led aed debt tho
To provide for the above a.. 'ecidca appropriate
numbered bonds, | 70 sis sreeS az az NV NV s .h
for exchange. Such OF the od s~a. 20 sS'
vertible 70 be exchanged Aer new ccuv~~t,s,~ "a =
remainder Of the issue win be inconyerticte. olda
Totai amount OF mortgage. ................ooJo
Bonds before issued .....................2s ls
Leaving balance of....................2,4S 2
Ofwhch million Of dollars Is TO be used
only for the purpose Of extending the rosd
INTO Chicago, or after such extension shall .
have been made ...,.................1,s 100 {.
Leaving balance of......................l 49,
out Of which sufficient number are to be issaed to Oh
tain $500 OOOthe proposed ioanleaviag the remainder
OF them for double track or for the other purposes Of
the company.
will provided in the mortgage that no part of the
bonds thus left, Of the million above referred to-
can be issued unless by permission OF majority In in
meeting or ats called meeting for the purpose Of which
six weeks notice has been given, the consent in writing
Of amaoriy interest of the stockholders obtained az
ter circular has been gent out 20 the stockholders
stating the necessity OF and ASKING liberty to make such
sufficient with the accumulation OF interest thereon, 70
meet The whole OF the bonds issued under the mortgage
~ or Deasrs e maturity Ia SINKING Sna WIN n
bonds issued under the mortgage, long rs they
can be bought at not eleven hundred dollars per
bond with adjustment OF coupon Interest," next In other
bonds OF the company up to the same limit; and when
neither - obtained, then in such securities the
trustees and1he company may agree upon
The securilcs the company shall only be bought af
tor advertising at least ono month for proposals.
II is believed that the advantage of holding under one
large and well known shaking fund mortgage, III the
OF the consolidated company with the additional rate Of
interest TO those bearing cent will induce
the holders Of the old bonds to exchange freely and that
gradually the whole funded debt OF the company will be
brought under the general mortgage
report having been circulated that this company pro-
pose consolidation with the Quincy aud Chicago Railroad
Conpy, may be proper TO state that no such measure
Is in cone mpiaton by the Board
We give below summary of the estimated financial
condition of the company the lt OF January next and
call your attention to the annexed advertisement asking
for proposals for bonds, which you win note TO be al
otted without reserve.
BY direction Of the Board.
J. VAN NORWICH, President.
AMOS T. HALL, Treasurer.
CHICAGO, Dec. IS, 1857
The capital stock orthe company ... si,63l $40
Esns,ea b IsDs Of caas debt jan 1855 S5SsiS
Total. s, so3, o52
The earnings OF the company for 1856 we're 1925 4s
III months, 1884,. VI ,sS6,6's
Estimated for december. 75ooo-l ,54l,67s
Showing for the year a decrease Of. ....... Ss42Tl
While the first eight months of 1857 showedan
increase the same period Of 1856 Of about $4,000
PROPOSALS FOR LOAN TO THE CHICAGO. BUR-
win received BY underssnad odioe No. "a
City Exchange Boston, up the sh day Of January
locock r. n, for loan of $O0O0 In money payable
follows
Ten per cent the 18th Of January 1885, which
sAlment the company Will retain without asuing bonds
therefor until the last ps,am-nt Is paid.
on ON n
~ Twenty cent llkh April, 1873, against eAch
% Twenty per cent 18th Nay, lses, j paymeat or
the whole amount may be paid for in cash and The
100 bonds Issued al
sS ~; s per cen; ssSs: 9.
pous. and having twenty 1--WE years torun.
The proposals will be opened the office No. 48 City Ex
ham on ei1h Of 10 n
O'Clock NJ In The OF the Board OF Directors OF the
Company who will award without reserve. W the Highest
sponsibe bidders.
circular will shortly be issued givin full information
to the financial condition of the and the form
CURLY 70 be given for the above named loan by order of the
Board (6ignedD
fDwARD l. BAKER. Committee.
&