, 1880-02-29

appointed tellers.- The following report Of
| 1la Board OF Directors, regarding the contract
Tor cQnsolidati0n Of the Burlington Il Mis-
sour River II Nebraska with tie Chicago,
hurlington d. Quincy, was submitted:
Your Directors, after careful examination aud
discussion, have concluded that the interests Of
yoar company will be promoted by a cousotida-
Raroad copany enS nniNaS1o1 IN Nef@ska Missouri River
Tie lines Of thut Company now embrace about
sa5 miles Of road, Including its leases and Ger:
,dp n'a portions ol tho RGpublican Valley Road now
Of the State Of Nebraska South OF tho Plata
hlyer While there is room for differences Of
critics, gour Board believes that when combined
.neS ,r; WI Dc stronger and Of greater value thaa
S and ns this
bly e1lst IS n the assumed valuation for the pur-
contract has accordingly been framed re-
su1ttug practically. In consolidation upon eoual
/ that before such combination takes effect your
Of II per cent ont Of the earnings Of 1879, to
!; e9ualizs dividends made by the two companies
Your Company will also divide to its stock
holders an -,t1nount cqunl to 20 per cent on the
existing shares. in the form OF shares represent
ing portion df its accumulated surplus Of for
port cd of fea1
After this IS done, the surplus, not including
amount to about s3G7I.ss8. .' "'''
After such distribution hns been made, your
Company Is to give TO shares If it's stock for
each 100 shares Of the stock Of the Burlington &
Missouri River Railroud Company IN Nebraska,
Republican Valley extension now entitled to tie
same dividends as its own stock, amounting
together to about 0So7J shares, and on. the Isl
. 1f this Republican Valley Railroad Ct,1npuny.
amonnting to about 1b,G50 shares nov outstnnd-
in.:, becomes entitled to like dividends, to cx~
own Company.
:. 4 ballot was then taken, with the follow
ing result: In fAyor Of consolidation, 3G7, ATS
shares; against consolidation, a,553 shares
Tie total number Of Chicago, burlington
was cast, and that the opposition to the
scheme was hardly worth speaking Of.
+; It yet remains for the Burlington & Mis-
the constellation They viii meet next 9iay
tu take action regarding the matter. It Is
understood that, under the laws Of the State
OF Nebraska, the meeting cannot be held be-
fq5e fp1 t1at time AS tle contract is very favor
there can be no doubt that an almost unan-
i1isouS vote will be given in favor Of it.
The Board Of Directors Of the Burlington
q Missouri River have sent the following
circular to the stockholders:
>. L.
this Company that the question Of consolidation
With the Chicago, Burlington & Quincy Railroad
Company has been under discussion tor some
reached which has been accepted by our Board
Of Disestors with entire unaninlty. 1tonlyre-
~ ths ,ja e1 3 20 @ @
ter to the Stockholders
The object Of the consolidation Is appaEent to
every one. Corporations cannot be Indifferent
advantages by consolidation and combinations,
we must secure them also. The eonsul-
R5nen faaSn Of ths cpaRy 9oaa the cGhfas
would strengthen both materially, and was.
therefore. the thing to be done. This is evident
to every one who watches the course Of events,
and needs no argument Tho tor1ns ngrccd upon
BY the committees and adopted by the respect
tye Roards Of Directors, provided that the Chi
cago; Burlington i Quincy Railroad Company
should make to its shareholders a dividend of 70
per cent in stock, representing undivided profits
Of past years; and that it should aftcrwnr1 pMr-
vcS 5fG 81 5ae 10
Of the Republican Vauey RaiIroud Company, en-
titled to dividends, md p!y for It sir shares Of
e' iingfon s. '! Missouri ri River river Railroad Com CON-
pany in Nebraska md Republican
franchise | ~ and assets 81 Ills Company should be
transferred to the Chicago, burlington s Quincy
Company, which was to assume all the liabilities
e 1o RI ad IF f th
Valley Kaiiroad Company. The stock of the
Republican Valley Railroad Company. sub
not being by the terms Of the subscription en-
titled to 1.dcuds till ian. ]. 1855, was to remain
unchanged till Jan. !, 1ss5 when it "'us to be
Railroad Company stock. share for share. 1t
was also agreed that the Chicago, Burlington s.
Quincy Rallrond Compnny should be Mt liberty
eouaiize the dividends of tho two Companies
during the progress Of the negotiations