New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-07

a., her, with made, shows that II has been p'V"'Sf
TI Rsd bs. ea1ea fun examinations 70 be made INTO The
,,.,s Of The 'oei and bond .rl', x,. Of EI
animation expended hereto, showing 'hs' -" Feo1
Ile sinking fand established for the r. -smPtion 81 a.
toI Odd det, hsa Enabled the ooni,,,on,I 70 PaicN'
The financial shows sonz the asst' Of ms
Tosda Rad 10 i. amount Of 9s7s3 81 slso embrsc-
ooo II tn bonds Of TIL Detroit Monroe as
octhde in April lass hi, Company has taken pe!n.n..bn:
esS Of the rad rom Toledo 70 Detroit AID has
payment az .unusl interest upon Il. stok and ne
e principal srd interest Of ts binds for all pra. f,b
Ts,s the rord is therefore, % be regarde a. par
essay for IT, construction ms CoiPS
. sI ssd ais. 90 .it e q Il. 1 mortgage bonds ii
wh,h shut 500 cO are s'ill unsoId ,o.,,u,,e
Tie holders also authorized the Board !"
the payment Of 900 e the fret mortgage ets Of n+
thereon being only 1000 pr ne) Whose line Of .o-!ia
At Laporte and forms soir ~
forms a contingent liability The road, hOVeyeT Is e'lPstsa
and .ucces'fu operation from Lae 20 Plymouth ana az,
dout; VII continue provide 'o' ne e
With these exceptions regularly authorized s, snnu.
meeting Of the to' khoders and both tr its NANTES
this G. mpsny not Liable In any form for the Obligations VI any
Ti Con- ps1y owns stocks Of Other Companies which have
cot 45sOG2O ~ and bonds Of other Compan-- conns
s2iGO The arrangements made for the purpose q ecnr
have resulted this ownership Of their securities were made
in 1854 mentioned in the circular report made oy ~
st5fb Gr s !. believed tia, nearly ali Of good
that they will ultimately return TO the C9Hpay
The bond. aud MORTGAGE anu The oNis re
ceivable in the statement, amounting tosthef 70
Ty rnod portion II the amount may realized
but most Of It be due fer time and is not there
The Ctmpsnv is unwilling to sell the 5000 of Detroit
Monroe and Toledo bonds and the remaining snAlns na
Il results from the foregoing is neees.sy
provide other mode OF meeting the boating DEBT 0 %
After Consideration the Board in compliance with su
have determined to create Snd Issue suar11esd 5
rate OF ten per cent per anun se the pr cent
STOCK heretofore issued BY the Company except in the rate OF
The stock offered viii BE- entitled TO dividends in cash
payable annually in Newfor on the first days OF June
and The first dividend will be- payable on the hfs'
This tock bss ben awarded BY the Board pro rata among
the ockhod,r who shall be such al the close Of busins on
Goth day May inst The stock awarded At its pa le
baIe The general stock Of this Company par The cash
payments are required be mada Is share before
Jmre and IS per share on or before tn day Of June next
Payments may made at time sooner than above stated
at the option Of ookhoder Proper IecelP,s vi. De ~
for all partial payments made and interest az the rate OF EN
cent per snnu will be allowed upon al cash on sS
10Th will be entitled 20 receive the guaranteed
sy c%1 an % Of he general ..oct held By them land
same proportion greater smaller amount at any time
In c9. any portion Of suanteed .tOc. + not applied fI
will be awarded by the Company upon the same terms 20 oher
parties stockholders OF others who may T't apply of ana pay
In order enable the stockholders not resident America
Participate in the subscription the proportion Of such guaranteed
stock TO which they appear TO be entitled VIII be reserved
f them by the Company until the 10Th day Of June next and
then be distributed 10 them the same terms applied
for by them will be disposed OF TO other parties
This upon the terms stated would yield 20 me
Coupany cash and 100000 IN the general STOCK
bb ud be- then cancelled The reut be thus stated
The present amount outstanding stock SfolV
For The purpose of illustration call it, IN round - -.
There Would be retired Of 10000
Leaving the common stock.
And he would be Of the 10 cent guaranteed stock 100000
Making total stock $lOVV,VV
The bills payable. including contracts time for 49, .
o.I.r iosrs l6l 400 o.
- no iSs 10
The cash payments the proposed stock Issue -. 40 ~.
would amount 1l'0oV' w
I ,dc;pg the floating debt o........... $4,000 -