New-York tribune., 1884-11-14
RAILROAD INTERESTS.
THE OREGON AND TRANSCONrINENTAL.
A PLAN To PAY ITS DEBr-A> OFFICIAL CIRCULAR.
10 provide for the payment of the Ss, 900. 600

THE OREGON AND TRANSCONrINENTAL.
PLAN To PAY ITS DEBr-A~ OFFICIAL CIRCULAR.
TO provide for the payment of the s., 100000
oan which will mature the end OF the year the oregon
ana Iransconlinental Company will to-day issue cir
cularettcr inviting the stockholders to raise the money
on somewhat similar those which the original
loan was made. The letter in part is "a follows:
During the past four months much time and careful
Vash nave been given 10 the question OF funding THIS
dent. plan has been for some time matured for col
aofaI trust bond to fund the debt for period OF ten
ses' out owing TO the unsettled condition of financial
anarsand TO the that the properties of this company
nave Dee during the early part OF this year probably In
lner most uniavorabe condition. and now improving
rdly ana promise To continue to do the directors
coSler iha such scheme should be deferred for the
ana that would he better for the interests of
.he stockhoders that they should furnish the money on
pan
The company to make 1000 notes of $1,000 each and
pledge with each note:
20 shares Oregon Railway and Navigation Stock
40 shares Northern Pacc Preferred stock atS25 1000
AZ .harcs Northern Pacific Common stock at
va w ~"
Total. ............. $1,000
The stock to be deposited with the Farmers Loan and
trust company TO secure each note. Tie holder OF each
November |, 1855:
30 shares O r. and r. at 81 90 .............. $500
20 " Common at s25 ............... 800
$4,000
or any OF the foregoing lots at the prices stated and
ply the amount tO the pa, Of his note The notes
SaDe December 81 1883, with interest at the rate OF
percent per annln, payable quarterly, are offered to
Sto hhuld'rS OF record at the closing or the books
November "a in proportion to the amount OF stock held
ny them. Stockholders entitled to % per cent OF
their holdings OF stock II the whole amount more Is
subscribed Tor, hui subscription may hr made for such
amount beyond their rights "a hey NAV wish. ShOul
sufficient number of stOkhOdcr, desire to subscribe for
amounts less than 5000. hut not c-s than - 900 or
Dnltiplcs thereof. mort will he made accommodate
them Rights OF stock not taken 10y December !, 1850
VIII he disposed Of "a the directors may ~. sub
scrlplons 10 br paid into the Farmers Loan aud Trust
Company before December 30 nerest at the rate
~ per cent per anpum to be allowed amounts paid
IN hcorc that date. Tho notes 10 be delivered December
81.
time o deprcssion would involve greet. and the drcc
tors believe needless, loss to the sockholdcrs but IT
will he apparent thI such course may be necessary II
the efforts ~ the directors prove unsuccessful Ihe
directors ask prompt attention and cooperation IN this
effort to prc'crvc The property
The fuiur" prospects of the .. r. ~ and Northern
Pacific Railroad prop rties whose stocks constitute the
chief ni the company, such as I" warrant the
directors IN the belief that the wiSeSt course 10 pursue
is la provide for the Indebtedness as proposed win the
hope that during the coming year and before hr matul
y Ci the notes the COlat raj Trust Bond plan. referred
to- he carried out, and tn the sioc khOhers may
thus lLc the hcn"ht of prpDahlr advance, raibtr
thln sucr the loss hat would result from an Al empt TO
quida'e the debt sale of the securities AT the pres
cnt tiino.