New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-01
FudncidL
ATLANTIC AND PACIFIC RAILROAD COMPANY.
81 MIIsH-6T.

81 MILR-sr.
boston, Oct 90 1885,
The holders Of THIS coupsnys bonds known a. s West
ern Division g. due 1910 and Central Division
S. Que 1921 hereby informed tey exchange those
bonds OF each class for equal amount par for OF new
rour ~ Per Cent Guaranteed Gold Bonds OF thia
Company.
The new bonds be dated Jan l. 1887 so years.
70 Dear interest At tho rate O, -Four al Per Cent per anns
payaSe annually January and July and to be guar
need Sy Endorsement upon bond for due payment OF
principal And interest the Achson Topeka and Santa re
Railroad Company and the st. Louis and San Francisco ha
way Company to the extent nssf By each company and
are TO be secured BY deposit BY such two com
pAniss WIN The Mercantile Trus. Company OF YORK oil
TIE bonds Tor which the bonds to be given IN ex
ehsngs
The necessity making ss proposal TO As bondhodors
has long received the the three COM
panies ann urgent The sdvissby Of Its acceptance
on tho part OF the bondhoders evident from the fol-
lowing stztemenn,
the mi ant Of new through
continental line over the and Pacific Railroad DO
tween the Mississippi aud Missouri rivers and the Pacific
Coast oy contract with Southern Pacific Railroad Company
and also By thseompleton California Southern Rail-
road to connection win the Atlantic and Pacific roah the
expectations entertained inception OF the
enterprise have not been realized satisfactory degree
fulhed his has been owing which could not %
foreseen Deays In construction occurred while the cost ex
eeeded careful depression in business has
existed active unprecedentety low rates have
prevailed, and ths result OF ALL the Of the At
lantc and Pacific road have to this wholly
insufficient to meet its fred although the interest
upon ia bonds has been regularly paid The funds for this
purpose and 70 pay other fixed charges Of this
company have been from time to time advanced BY the
Atchson Topeka and and the ST. Louis and San
Francisco compane OF their large respective In
terest< In the securities and their confidence In the ultimate
OF this railroad present obligations o. those COM
panes to pay Of interest upon Atlantic and
Pac1c bonds advance the extent OF only
rs per cent Of the earnings derived ~ them rom the
going TO the road Of and Pacific Company and
their advances made loans winch to be repaid
with interest In order 70 maintain the solvency OF the
Atlantic and Pacific Company and In the hope OF better
results In the future. Atchson and San Francisco
companies have already advanced largely In excess
Of their obligations under ao contracts but the time
las como when such assistance be longer expected
and the two companies have notice that VIII not be
continued. They have agreed that the
basis proposed each will future absolutely guarantee the
payment Of oneh Of ths Principal and Interest Mt per
cent OF the Companys existing Indebtedness the
bondhoders VIII accept such guarantee and in consideration
thereof exchange the existing ponds Of this company
The plan has already acquesced in and approved By
many holders Of the bonds and large amounts Its success
Is contingent the before December ~ 1885,
Of the holders Of majority interest If such assent is not
obtained By that time VIII be that the plan nos
acceptable tho bondhoders option Of either CON-
may be abandoned In event cannot be expected
that other plan advantageous TO the
bondhoers that proposed that in any other way
The new Per Cent Bonds guaranteed as to principal
and interest and with all the advantages stated ought to be
highly regarded for Investment and at command mar
ket value equal approximate that Of the most approved
securities Of like character
BY the deposit the existing mortgage bonds to the
that they security OF the lien Of the
present all the property viii continue for the
benefit Of the holders o, the bonds
The Mercantile Trust Company. Of NewYork will be tho
made by the three cOmpa
the bonds OF which will be au
thenteated By it and copy of the be seen there
The said Trust Company New-York and
Messra seigman stettheimer. Frankfurto-A-
wurttemberg ische vereinsbank, Stuttgart.
Rheinische Creditbank. Mannheim
Fniale der Rheinischen Creditbank, karlsruhe,
Filiale der Rheinischen Creditbank. Heidelberg.
Filiale der Rheinischen Creditbank. Constant.
Filale der Rheinlschen CTeditbank, Freiburg-B..
Alsberg. Goldberg & Co.. Amsterdam
viii prepared holders q the present bonds
deposit Of with coupons attached 70 be
changed stated THE MERCANTILE TRUST COM
PANY OF NETWORK NJ EsSRS. KIDDER PEABODY
CO.. BOSTON. and tie Frankurter Bank, at Frank
furi-o ~ give Temporary receipts which VIII be ex-
ehangeable for 70 bonds ready.
For each Division bond deposited they VIII also
10 900 an cash. and for each Central d.
vision s1 80 IN cash and for interest and one OF the
roposed new Bonds bearing interest from jan
1881 bonds TO have coupons annexed but pro-
vison Is made for registration and at the
time ready for delivery receipts
or will be issued emitting this holder to the bonds
as soon IS they be duy prepared.
Applications VIII De have the Guaranteed Trust
Gold Bonds placed on the regular list Of the NewYork stock
Exchange admitted for dealings .. the Exchanges
abroad.
By order OF the Board
Il. C. MUTT. President
Approved.
EDWARD r. WINsLOW President
81 LOUIS and san Francisco Railway Company
Approved.
WILLIAM g. STRONG President
Atchison Topeka and santa Fe Railroad Company.