New-York daily tribune., 1858-12-17
Messrs. Taylor Brothers quote Land Warrants as

A circular Las been issued addressed 70 the Third
Mortgage bondhodcrs OF the Chicago end Mississippi
Railroad C1UpsLy (ncv called the st. Louis, Alton
anG Cbcsgol, embodying scheme for the arrange
meIt Of the affairs of that rosl The writer states the
.ps ahead of tie Third Mortgage to be 81 ij7 500 in
GLIDING First Mortgage s2,00,O00, Second Mortgage
81 $50, coo and Wpad interest There are also some
other demsnds .le holders OF which claim 10 take pre-
celence OF the bondhoders. The writer of the crcu-
lar rays
Judging from the rOdue,i'ne.' Of the rosd to the bond
holders, whot.e The tue then 10 safe - that
ytue OF the Road does not equal tie aou1; Of Tie
Inst sod ,eeoud uors'ses e, nnaering hI
Of 5' e Saf , St ts SsI I & Pss. %
cOp,rei tor less amount than 500 and that the
tal OF constructing this Road lees than that
%b make. .Nth the T Bsa.
r'tEo' second and rs,d have
connsroed p-oeelrg r foreclosure Of the Road which, IL
col,l,niy Alec,.d will b determined very dis,
TId Mo,a.e bondh, den lied and crossbs
20 the Fi rd Second aortssg claiming that they ngll
sd void for the Va they issued p
the C OF NwYors contrary to resening st of tina; State
aud g. usuous rates.
He believes that nothing car be gained by fighting
the First and Second Mortgage bondholders and
THINKS that much might be ssTed to all parties by
adopting the following plan:
Let ask the Legislature Of Illinois to incorporate new
CotlEsIy with a capital formed b. consisting of:
The Third Mortgage eondholderf principal and in.
1see year. Of the Unpaid Coupon. cf Fist Mort
Fye @ YEAR Of the Unpaid Coupons ci Sec I'd Mort 'O
Sab tf tLs jsirncn O. c;Ar Cf,ii:ci have '''
ju'tsrd 'qutsble claims Lla50oe
Who'll Capital stoi would then be ssout... 900
WAoie Boaded Debt 'sy.............. 3s0lOco
Whole o. the Road would be represented
is not probable that the item o $500 sould be near
te gain tae Flint and eecond koItcsre would
;hu' their bonds bcoue worth stead Of fy and twenty
e bsneit to Ls Third Morssee Sondheer. and cred
ois would he that Il the Road ,ts become valuable
wh they continue 70 nesec, their the
' n,e ,er. ihy have eGne tas probability Of their ever
e.t as TIE interest sccumuates on he ether rorgages.
honjhoder Other creditor shall sgbnt validity aud the
,nant Of tteir caias to some eoPeet and satisfactory
TIE scheme which has been adopted for the capital
i2s,ion Of tbs Ohio aud Mssi, ippi Road Eastern D-
vision is substantially as follows:
Fr Tia, the subscribers hereto who c,e the owners or M
gal efseLtstiys Of al demands Ayan.t said C)mosny
e,ed IN I'M. see o. III; ssIeemen' VI" discharge the sane
Coupons kcl ar nov" Which shall become due
1852 hl cres aud ole haa il sa.Ies Of the
Capital stoeA Of laid Conpsny, al per.
on is secosd Morssse Boud up and icudns due
AFIi s5s one halt thereof and hall thereof in
Fer the pripal Of the said Second sors,se Bonds
,ti,d' thereof IN its Con psruesioa BonJ. e, par.
For The CouPrs S5h aIe now OF whien may become due
l. 1859 haf money and one half ;ereof in aid
Fer The Principal of one ,hsd Of the said Construction Bon.
in .sid shsI-s, atIs
For the Coupen. which now which may hccor. due
OF its Incsrs Bonds - aud udiug those NAY sa
'oesther with the PRINCIPAL osae Income Bonds in a Shares
sPsr
For the Scrip certificate. eonvsrtbe into Income Bo.d.j
witch hs,e ben issued y d comPsnyn said Shares. pr
the shall be admitted allowed by the Directors thereof
~ ssd hhares ct par:
1te itieIe.t tse f.esons deuasd Be paid to b.
msnpeT as The eernsnds 70 whlch res,.s.
serd: That the sltscrt.s terto, who the
lesh Of Shares OF the Capital Stock Il sad Con,
psry W" transfer s theis said shares 20 ihe Dee'o t-seo,
such peIcn The Directors shall designate and
sppont-io BE- ei.sued I-tr,nsfeTed 70 make the soe
said Payuer and 10 r.rn q tte bsrsers or their legal
TIrietas ho shall have transferred their shares such
they nay b. eutlsd under this age suen, he
Tire The csv.nan,, cutIned in the so going pa.sr,ps
nun be'ed I" AID Second are upon The conditions o
lowiug:
i; That the legal representatives Of al the de-
nsrds OF stock thereby 20 be paid or ransfrd DO slbsrbe
.os. b sae so lat the erte psyaer,s sboye
ba BE- mscthe Company purchase with balance Of the
said shares naming after tie payments above named $1,000
of tie Flint Mort. Cor Iction Brd. snd cancel al
the Bocds AID Coupons shch il shs pay purchase
cep tho e1h.nge for S.eoui s,s, Bonds a,
siressso hs on the Is, aay OF Juv Qi H. pr-ssut in
cbteGIess hs rot eei g coo S Of hch eGEr
$A0tt sLa be represe1;ed by Fin. Mortgage Bonds aud
ds s.ts .s'dIS is Instruction Bonds with Interest running from
"a That the of the Income BOND. osn the Com
payments. which ban with in:ess Is % be re,
r1t b tie Company Al the earliest practicable time eoras'en'
Sd Thst the Cy Of nnsi @ grant 81 h notifications
,sS q Toe eeaEd. eoniIse' and cna. OF sat Cay
rsstss her, n,.ter provided FOR shall deem sf.ooy
4f ihsi th' e.P. 'i9cs q sd Company or 'he PaPoe'
seeKa Tac Trls,.es or he tr,-ser and delivery 20
ls is sc'si;d - any i tie AFORESAID deae sAA is'ae