The New York herald., 1877-02-05

al y
The above mortgages were created by nine different
panes mono Of which hIys % been IN exstenee since ioao
and tho Decatur and East ST. Louis Company were
consolidated INTO new company which o "ew coin com.
which tbs entire road was s" The Wabash RAILWAY Com
pa =" s h"es Of e 81 eete sf nd s %
coopera.on and assistance IN their Efforts :" restore ,his
basis 10 that end they ask the holders OF the Toledo and
rss mortsagc t.Icst Western hrst mortgage Illinois and
southern Iowa :. % @ tho to sno fr Hus s es
l. 1877 and OF all coupons thereafter they mature
coupons payment TO be made of the conpon falling due Au-
Quincy and Tosda st nognge 60 deposi. ,onr past
due coupons and maturing November l. 1877 payment
May 1877 and OF all after November, 1871 they
Toledo and Wabash second mortgage. Wabash and
Western Great
Der pyen, 10 be made tue coupons ne %.
May May o" ro "na on the @ roeo SSs ns
fic Wabash and Western bonds to assent extension
ditiona coupons 1898 tho time Of the Of the
Toledo Wabash and Western Consolidated Mortgage
Payment TO e made Of the quarterly coupon falling due Is.
coupons unpaid previous latter date after which
DO made in tul rs the coupons mature.
The said coupons to he ucposited IN trust In the Metro
poltan National Bank by the holders of the bonds who
certificate to until the maturity oi the bonds from which
eos, eS pr payable ann"" and to be nors"a o, o
the certificate when paid said scrip certificate shall rece
TO which the coupons belong that the said coupons are held
in OF the ctrthcac
maturity of the bonds whenever there shall be do
iaut In payment OF the interest the certificates Such
deposit In impair the liens the portions the
by which the i've bonds
Funded Debt Bonds The holders OF tho sal scrip cert
caes have the option OF funding the into bonds of
500 or $1,000 each vita coupon. at seven per cont semi.
mature, to oe called funded debt bonds Said bonds 10 be
numbered and arranged that each class of sep ccr
Gates can be apporoned TO specific series Of numbers and
In case VI default in the payment OF the interest said
bonds OF defiant In the Interest principal OF
the debt the holders shall be entitled
TO their respective held trust for the ccrthcaes
which the said funded bonds ssned The issuing
OF the bonds in to impair the lien mortgage
securing the coupons so held In trust
For the providing the extlngushment OF the
said minded Donds aud certificates OF deposit tbs wabash
Railway Company will set apart from Its earnings after the
year 1882. annually. the OF $1U.uOU he invested In
the purchase and cancellation tho said scrip certificates
OF the funded bonds at exceeding the value
thereohoc pertaining to the FIRST be oti cd
first and second mortgages second and consolidated
gage last The directors OF the Wabash Railway Company
having In mind the fact that all the bonds only
ons Of the road none being secured by the entire
have endcavored TO give due each class
and 70 treat each Win the utmost ioery that tnc pros
pcctye earnings the road will admit OF aud tho
time keep IL In condition to enable 1t sufficient
revenue to accomplish the result proposed
BOARD OF DlRECrORS--James A. Roosevelt, Pres
dent soon Humphreys Cyrus W. field, Morris X. Jcsup
cnry Crawford Elisha Coray, John Kennedy John v.
Eis. John Martin George J. seney, W. b. Isham H. A.
V. Post 4. u. X. Lyman.