New-York tribune., 1886-08-04
BANKING md FINANCIAL.
CHESAPEAKE AND OHIO RAILWAY BOND AD
JUS SrSfENf.

| CHESAPEAKE AND OHIO RAILWAY BOND Ap
JU5TfENf.
NEwYogK July -. 1856.
To Holders OF Currency Bonds and the Bonds OF Series
"B" the Chesapeake aud Ohio Railway Company:
TIE NEWPORT NEWS AND Mississippi VALLEY
COMPANY, "a corporation organized under sprcil
charter q lntc by Legislature OF tn, state of Con-
neciicur. Is operating upder leases tno following
III e. of railroad:
THE CHE,APEAKE AND OHIO, IRON Newport
News to the Ri, sandy River SOB miles
THE ELGZABErHrOwN, LEXINGTON AND BIO
SANDY nom the Bag sandy RIVER e. Lexington, KY,
l3l miles.
THE CHESAPEAKE, OHIO AND SOUTHWESTERN.
from Louisville kv. via ElizabetItown AMI Paincah 70
Memphis. Tenn. 30, miss. making in all 1852 miles
Tn. leases Of the several roads above namei to ths
Newport News and Mississippi Valley Company ars
oier.n: leases merely by the terms OF which the net
earnings over operating expenses OF esch ap lied
tue manner as they were o. Grated separately
under their respective organizations. The purpose ot
the leases WAS to secure unity ot managencn hasnoay
OF operation, ani economy OF administration.
Upon tho Recommendation Of the parties hoiin, tic
largest interests .eein arrange ments have beea
respect OF the adjustment VI the rep.
reseLcd by the Currency bonds aud 5on!s Of Series
Of tne Chesapeake aud Ohio Railway Company on the
following basis. viz:
a. Holder, ot Chesapeake AMI Ohio currency bOnis
l2j per- d tAe!r vals in the capital
stock Newport Sews and Mss.ssppi valley Com
paDy, exchange Tor their bOnlS with all unaatuIct
ipterest corl on, attached thereto
l2) Holders ., Chesapeake AMI Oalo bon IS or es
3" - per cent ot tn, par value OF theIr
bonds IA the vita stock u the Newport News All
Mississippi Val ey Company. Gpon cdnsenune 10 accept
inter. st at the rate o: tOU. PER CENT PER anp.Ya.
and after Nay /, lss6. tIe maturity o. the boas
heinz simultaneously eXtenled 70 May l. ID '6 the boa
stamped that e!ieel and 10 have attached Ucse
to. IN Lea ~ the ekiin; Interest coupons maturing Now
I. 1855. and thereafter. seni-annua coupons payable
May and Nov In 'each year ut tie rae 81 iear yer
ceu5 per for 100 i.oni NJ y l, iss6.
Provisions Will be made FOR Preserving INT ic al tho
LEGAL RI Its OF boHdho lers utias To the tOgesOn,
Arrangement aud surcn eriu; thor oons or interest,"
coupons IN aeeotiaoce herewith. all {, ros.ors
them to their original position an tle pan $40 ii aJs
be siuy consunmatei by tn, th9rrto OF,
majority each ".assn, such securities. No III .iIiays
Whatever can therefore be Obtained bY non-a-seatAs
boLdhoi ors those Ahr by thsr probp. sA.l
contribute 10 the early success of the plan.
1t - bel.eycd, however. .ron the Mtmations already
received flO the large number 81 bJn'h iers 10 have
been corsuted tn. the plan Will most wih such
cral and prompt api roy. viii insure Its early
suinua0h
rnc ADVANTAGES OF the proposed arrap cement To ths
holders OF these Chesapeake ani Ohio securities ars
ObyioIs:
a. Tic holders Of the curre cy bonds will have theR
principal increased - Ter cent, with nuch better pros
lec OF dividends stock than there wouI be 'or
cash ntercs, their Donds shoui EXISTING conditions
continue. and with far greater pgonlse oi in
market value in the nesr future.
e. Il Is belcycl that the series bonds, bearing
Four Per Interest tue prompt and Pc pIyners
of which the present earnings OF the syten sufficient
70 ire, would commlnd much higher market valio
than they do while bearing NORMALLY sN per cent
with the ABILITY OF the company Ia meet from
OF the roa involve IN unccrtllnty wAi.c tbo
- per the stock OF tine New OFT New, and MS
sisSipp Valley Company wncb the hOl ler> OF the .
bond, viii WI he Iu addition 10 tAelg holdings
OF constantly increasing value.
Vita the West Shore FoIrs sclln. )3. the Chest
M and ONO Fours regular payment Of the Interest at
that being as,irc l. are CERTAIN % bring prico
in ot the present price ., the b bonds.
ana NIL among the fyOr.te inst class galroaI
secur tes.
The necessary details Tor cIrryin; ont the foregoing
ana gcucnts being perfected The ticitcs
Of stock OF the eSport News and Mississippi Valley
Co3lauy an the coapon sheets Tor the Ches Ipelko
and Oho " bonds being prepared fer issue and
II is expected tne>s viii be ready by before l.
due upiice Of which Will he given
have given this matter muca thought aul am salts
ci the ntcrests of the holders .ecries
Will be best promoted by this arrang Yoars truly.
{. l.. HUNTINGTON.