, 1875-06-11
President Garrett VIII Not re-
Ccdo from Ills Present
Position.
Tho Burlington. Cedar Rapids & Min.
nesota Declared Bankrupt
Scheme for the Reorganization Of tho At-
lantio & Great Western.
Proposition to Put the Road Into tho
Hands of tho Engliahmen.



The Chanoo Of Gaune Ia Ba tha Fitsf f1ne,atnn
'"' ~s' ', .s0 :. "e '"S' "p'' """s
thcasIFa tnslilnfed.
......-
Mr, James Mcilonry md lis nssoc1sIcs Of Tho
A.,antto 4 1,re.t wcatern ,l.tIro.d f,om,.nv
nsvo sSb,ntsod .cama -. the
ton OF tlis road, of which the following aro tho
MI, n,,n,s r.',o,,nansa ,,r,.. ia s.s, ~ 49,.
ond mortgage to DO prosecuted. and lecrees for
sale obtpiued. and thp railroad, with tn rolling
stook lsaaos .nI a f..nohi.n. ~ i" sod nd ~ hs
bought by Sir George Da1four K. G. D., II. r.,
Hugh Frazer saude'nan,, and petor Lntscl'man.
"A ol Lonuon' ny HuHeees anu agoht8 Ioe !lao
purchase Of tho property on behalf Of the cradis-
scIeuo. 3 form OF c1ntraet s and .sSo5t IN l.,
ho nrnns,e1 far sf,.natnrn. TI,s Truateca
aro t., orrsn,ze a now couinany. nndcr liz
ntle vi INC A'lAhto " osoat Noatoth NalIroaa
COMPANY, Or h'ch other tito as they may
pared for iBsuo in accortlauco with tie Hchetnc
and contract for assent. All existing bonds,
souob; a@a , sna,Ga, eu otnes aeeus'e1 70 70
who ase to E,vo cortiflcs.ea acknowledging tho
Of tho scheme. Application viii be made to tic
Stock Exchange to recognize tleso costifcates
10 be dealt "a - 5onrosenting ths os'g'nA! aoea-
t:n - to"a.HK snoi. eAtl1ts" ~ r nso wv nesnit
s .!ug u .oe on ~ o,o ano aoei @ 20 iako
discretion may think necessary to carry ont th's
scllonie. Tho scheme proposed IL AZ follows:
F,v,Tat tl,a In ,jarc1 ,r,,ar III.
rtet md ahsnl1to 1nans..snn,t NJ iIo nronrinto,s
throuct, delegation Of Direntnr, in Iou,lon. win
h{1al1 hnya fill tsntro orer finn ornenhitrca s,1 n,I
n w Is, Io VI r.! aa tn9 1. s.Aosios Ano register
S,ronI-Tbat tHere shnil +. m pov.r IN crcstn
bonds n,ortrares or obligations ar ntbervtsn In.
n....n IL. IL
eano f TIC who]o or .ily marta Of e nruucrsy mar IL
accrs any lcsse Of .ny oker rsiiroa wlsout te con-
nlly Of by t.roxy At meetinu lawfully convn,cI At
oi leu tisn thirty daye' notice In trso London ailr
1%rd-That the nst roysuura Of ths ro,d s,,.1, hc
remitts to London ,nonthiy aoi monthly t.tnnnnts
na rs'rs ir,,n tn ~
The intsliigiiio form Adopted by English railways.
fSnrh-Ihat immediately after the decree of fore
eisctinn ~ nreetors ths 1,nea ~ a a ~ " tnc
tho capital bsina raiaed BY way Of tzt cAargo ovsr
'ne e.;It M1o!e IropeIt5. ,t,5 .o,,,,.,, .,.
Of existing srcurtIcs s 1aaitts.ne but tat liz all
nua eaarKoa for interest On capital 10 sosezuod by ths
SirthITiss In 2stsnortooce bon,,, Will, ronnou.
capitalized 10 Jan, 1916 be converted Into hrs.-rsl
sseace shases. WIN interest from jan l. lsiG COM
Each siito uo,nsnai yaiua to have uuo vols. 1 ~"'
,trtnth-Tilat tho seconl.mortgase bonds, with
coupon, capitalized to- ,hs t.. M.ssh ls IL con;
iaosn ~ MssfH. 10y, So4o,osne'R @ ner eeh NY
have Duo yoto. -" ~~~S As'A-' '"'N' ~
E'ahM--Th.t tha athird.mortesgo boads bo converted
mo H." =. ps sarss wy in'sfe't eommsnS
fii1 nominal value to have Gus r,tc. 's'
AfnA-Ihst ths existing lie'tscsleesllsres be COP
con,ansinu st ,er eent nd ,ncrrsaino % n nss
cent. Each s501 aorntnal vk1ne to have one vote
~ as .nasoe y converted into
Each $50 nominal value 10 l,aye ono yoto o." o'A''
Ettr<nthThst tho rental Of ths lsaae lines IN 1917
and 1878 bo modified to aow u tho Of In.
eIcs en tae tons ots saa 70 tLo artt charga on ho
W hnr :" 'e ns a,er m Ln1 no% 4epenufo oSk
tton.i ran,i rSa nvsr,,,a ~ o & .ui ~ ; ao1,. T.
cash 10 ss,ennr banJhodors sfcr t,s
oy tls Company,
.z....
The ELolh CROSSING QUESTION.
Last November the Chicago l. Northwestern
Railway Company filed bill agninst tho Cliioago
s H.. ep5 41., W .o'.. -, ~ ''' 44'.o'
Ia.