The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-30
THE JAY COOKE ESTATE.

A SECOND DIvIDEND-FIFrY-oNE CENTS ON
THE DOLLAR, IN CASH AND STOCKS, PROM
Used AS THE FINAL RESULT.
PHILADELPHIA, August 20, 1875
Edwin ". Lewis, trustee Of Ihs bankrupt estate Of
Jay Cooke Co, has announced another dividend TO
tho creditors as foreshadowsd In the proceedings
tho recent crcditors' meeting. Like the preceding
PAID OF the OF Tins gigantic esate
this dividend Of cash ana securitiesdvs pcr
cont In money and thrce and half per cont In Stocks
In tho circulars officially announcing the dividends
Mr.. Lewis says:-
In making The former distribution In kind, vaiua-
lions affixed TO the bonds OF the Northern Pacic
Railroad Company, the Oregon Stock ana Income
bonds OF the Lake Superior and Mississippi Railroad
Company then ordered TO be- divided. These vaiua-
tons were affixed at the suggestion request o:
large number OF creditors, representing about one
10 OF Of S 500 ,sea
deemed proper and necessary that such valuation
should DO placed upon them Tor the purpose OF distr
button.
Tho bankrupts having rslinquished to the creditors
all interest IN the estate or IN any possible surplus,
the committee have adopted the following reso,ution-
Resolved That the valuation affixed to such securities
be and tho is hereby cancelled and annnied both
in KIND ana those who may reesvs
shall stand distribution Of assets
that be and he is hsreoy authorised and d
ali ersdtors who have hsreloior the
their simple receipt the securities distributed without
afhxing auy valuation thereto
Since the distribution, the bonds OF the Northern
Pacific Railroad Company have been converted INTO
preferred stock, aud tho Lake Superior and Mtssis
sippi Railroad having peen solo out, ITS bonds have
been verified into stock OF the ST. Paul aud Duluth
Railroad Company
The trustee is now prepared to deliver to such OF
the creditors have not heretofore received their
pro rata IN distribution ordered January 1876,
in the ioIlo ing proportions, without any particular
valuation being aaixed:- Ftl
Preferred stock Of tue Northern Pacific Railroad
Stock OF the Oregon Steam Nav CATION Company,
three and hall shares Tor every $1,000 Of ciaims
Company, and hall shares Tor every 81, 900 OF
claims. .,. 49,.
Gliding tne fornor cash dlvidend OF i've per cent?
realize 10 the creditors over thirty per In cash.
-rt,s I43t Per Cent.
Cash ACKNOWLEDGEMENTS.
Preferred stock OF Northern Pacific Railroad
Company, ut SIG so. IN
Oregon Steam Navigation Company stock I'm.
GLIDING dividend)................ IA
THE SECOND DIVIDEND.
The committee nave also ordered second dividend
OF five per cent In cash. which Will probably DO paid
before 1sI OF OCTOBER, and further distribution
at the same time, without VALUATION, as follows
Company, one and halt snaros for every 1000 OF
claims.
Company three-tourths Of share Tor every $1,000 Of
CLAIMS N.l aa -~f .s-y...s.
Company, one and quarter shares Tor every 900 OF
claims
This cash Dividend and Distribution will realize at
present market prices about Sk per cent in Cash,
- III, Per Gem.
Preferred stock OF Inc Northern pacno Railroad
Z.Zo
Preferred stock OF tho 81. Paul aud Duluth Rail.
1. road Company 80. Observation-Disclosures. *
Total. OBSERVATION-DISCLOSURES. So
Shuud tho creditors approve tho plan Tor scrip
DIVIDEND, copy Of which mas been sent 10 you, the
trustee Is OF opinion that the creditors will rcalzc
therefrom ~ or 10 pcr cent additional.
KEcAPITULATtOS.
Per Cent
First dividend and distribute 80. 80 4.
Second dividend and distribution ............... So
Scrip dividends, estimated 10 De worth, Ia cash,
say........ OBSERVATION-DISCLOSURES. IL