New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-29
RAILROAD INTERESTS.
READING REORGANIZATION.
THE PLAN or TIE TRUSTEES AFfIEMED-CAPIrAI-
IZArIuN AND ASSESSMENTS.

THE PLAN or TIE TRUSTEES AFfIEMED-CAPlIAl-
IZAruN AND ASSESSMENTS.
PHILADELPHIA. N.Y. 2S (SPeci1H.-This
afternoon the trustees OF the Reading Railroad ana the
Bartol ana Whelcn committees met In the Office IN
Foarthst. for further consideration OF the trustees
plan for the reorganization Of the road Th' Gocnmen
that has been under debate for lon presented al
the meeting 1t says that each holder Of - 900 bond
OF the old general mortgage SHALL receive ~ 900 bon
OF the general mortgage bearing pei cent interest
To cquatc the amount que on coupons maturing on
January l, 1883. ami subsequent thereto. snch ho"'
shall receive first pre- erred STOCK at p"r ana 10 "qn"t'
he interest on The bond in future AT per cent per
annum such holder shall rrrciye sufficient preferred
Stock based upon the assumed return of per cent per
annnm To rfec. such equation thai the new general
mortgages snail be made To secure T3ooOOooO. thus
watering the general mortgage 20 per cent; ami ihc
bonds shall he mIdc payable I'm 100 NcirS Wih the
privilege If conversion into -tock ~ par The
general MORTGAGE SCRIP now overdue shall Dee l ont Il"
the mOnctS rCliLcd rom c~>uCtS Holders OF pre-
fcrrcd ana common stock shall pay cash assessment
Of flo share. AM shIl! receive AN equal hllntcr Of
shares OF common stock D. he new company. lhr ola
capitalization and liked charges Tor which e,-ncn s.
are To be made Is rl3.'06G@o.
Upon the concu. ION the session Mr. Garrett pc
The aionrnci conference If Tie whclcn and Barto
committees with the reconstruction uf-cr,. or Do"
consideration "i The pan 10" reorganization prepared ~
the trustees, hel nj noon The me nucla generally
were present \ plan prepared ana lInies by "a mem
Der ol the HarlOi comm Tee was r'oWitrda ~ Nu'I
TUE. bus failed 10 ne aduPcl the trustees "''n was
real by sections, and WIZ rtlLh, 'dlui'
rhCd far aS COn>ld Re 1. When ah dlnurhmrn was
A4i until Tuesday to ierIo" the remaining sec'on,.
MISCELLANEOUS RAILWAY INTELLIGENCE.
PHILADELPHIA. Nov. - l>Dcir The receiver, no The
Philadelphia and Reading H,lrotd Company have
issued the comparative statement Of bushes, i"r
Ortouer. $50 Thc rcce Is ron railroad traffic
wc5v r2.1jj $50 - Oh 'NinS pr0li or i1e moil o
l313SlJ 81 ana the To ltl' %! 74p, l1't} -.
CINCINNATI, Nav. Sin the trcHi, 'ourt t1-I,.. 'u
opinion was delivered in the case o. the Ulou.l Nl-
Company The suit was brought recover ounnac>
growing ont of the purchase by bank Of irluduc.
oycrissucd stock had been issued by tc now de-
ceased ScCrCtLr, nout tie EAuWlcaLt OF the ir'
drut, liter Aat officer bad ell the certificates 80
blank the secretary pcIG t.r stock 10! loan, 20 h
idb. but tus gnrnt 10 HuW reversed: rms ucc.-..I
covers number 0 other cases pending here involving
large sum OF money.
PM ApELPHIN Nov. 2.S-Thc business statement OF
the PIulade pidl and Rrddu. Railroad and co., auj
Iron Company for October 50. ~ compared viii tnr
same month IN ssh shows: An increase gros~ earn
ings of $lj,772 increase ia expense, OF Sji-G1;
an Increase M net earnings Of ~lO9Jj.
The eleven months to Octob J. 81, ls~J as compared
with the same pcr.ud for l--4 SHOWS: i dccr"t, I
cro-s earnings 2-7937l decrease IN cNpc Ses OF
Sl.61O.927 dec. raSc IN net earnings 81 cl.-u'It
Bb>TOS Nov. 2S.In he case Of the Rutland Railroad
COMPANY brought by the former lccucIt ,niu,f
Clement * Sons who now 90 control. tn. acton b.
ing brought 10 iIvauiate 200 share, of preferred
stock. that oycrssdcd by eNrctsurer Haven. te
Supreme Court Of Vermont la, ',ied in favor OF tn
liable for the dishonest Of its treasurer wucr iun
cent thi!d parties inj irrl thereby. ~ VS.. la'
sold the stock 10 Clement & sons AMI DR.. " 81. IN"
present treasurer when they were seeking to got COZ
tYnl