The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1881-07-28
OREGON q TRANsCoNTINENrAL
COMPANY.


The following is the full text Of tire
circular dated June %. and issued by
Mr. Ii Willard, to subscribers TO the
purchasing syndicate or the holders of
its certificates:
Referring to my former communi-
cations. and TO the report of Messrs
Endicott. Pullman, and Woerishoffrr.
beg TO inform you
Il. That corporation has been organ
lied under the laws of the State of Ore
gon, and with the name and title of the
Oregon & Trsnscontinental Company.
with q capital of $50. 600. 900 in 500. 600
shares Of 500 each, Of which, how
ever. only $50 900. 900. or 5000
shares of 800 each. will be for the
present issued.
The objects of this new company
have been fully explained at the con
ferenoe just held at my Office. where
any further desired explanation will be
gladly given by me.
y. That by virtue Of the authority
given under the terms OF subscription
to the purchasing syndicate, a contract
has been entered into with said com.
pany for the acquisition of the securi-
ties belonging to the purchasing syndi-
cate. 10 pursuance of this contract
the holder Of each purchasing syndicate
receipt for $40. 000. or his transferree. is
entitled to 122 \ full paid shares Of the
capital stock of said company. Two
and one half shares represent FIVE
months interest on the face of the re-
ceipt.
8. That in order to provide the means
for liquidating the deficiency arising
from the difference between the cost of
the securities purchased for the pur.
chasing syndicate and the $50 0.000
actually paid in, the holder of each
purchasing syndicate receipt for $l0.-
600. or his transferree, has the prior
right and is invited to subscribe $l2.-
500. upon payment whereof in the man
ner herein provided he will be entitled
to receive $50 shares of like stock; this
representing the proportionate amount
of such deficiency. The right to sub
scribe expires July @.
Both as an original subscriber to the
purchasing syndicate, and as q sub
scriber for the additional amount last
named, you are entitled to a proper
tiouate interest in the profits to arise
from the acquisition OF the stocks and
bonds of various railroad corporations
subsidiary to the Northern Pacific Rail.
road Company. to the Oregon Railway
81 Navigation Company. and to the
Oregon g. CaliforniaRailroad Company,
in Minnesota, Dakota. Montana, Wash
ington Territory, Oregon and Califor-
MIA. You will be informed hereafter,
by circular. of the precise nature and
extent of these profits.
"A cash payment Of only Is per cent.
of the said amount will be required on
July 6. The remaining IS per cent.
will be called as follows: 10 per cent.
Aug l, 10 per cenc. Sept l. 10 per cent.
Oct l. 10 per cent. Dec /. 20 per cent
Feb /, and 20 per cent April /.
Temporary certificates. signed by
myself and countersigned by the
Farmers Loan and Trust Company
representing the shares and rights to
which you are entitled under the fore
goiug. will be delivered on and after
July LIST upon surrender of the pur-
chasing syndicate receipts now held by
you.
Regular etock certificates will be de-
livered as soon as they can be furnish
ed by the American Bank Note Com
pany.
Separate receipts in the usual form
will be given for the first two install
ments as paid; full-paid stock certifi
Gates for oil subsequent installments 81
pail. and full paid stock certificates fol
the first two installments on final pay
ment."