New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-11-27
Hnanridl.
ATLANTIC AND PACIFIC RAILROAD COMPANY.
~ MTIK.ST

ATLANTlt AND PAClfIC kAI1HOAD COmfANts
~ MHK.sT.
boston, Oct 90 1884,
Tns holders o. this compsnys bonds knewn s west
Division es 1919 OF Its Central Division
&C. due 1922 hereby informed they exchange those
bonds Of each csss for equal amount Tor par OF
-Four ~ Per Cent Guaranteed 1rnst Gold Bonds OF fhis
Company.
bonds are to he dated Jan l. 1887 30 years
20 bear interest the OF Four Per Cent per anHun
payable semsnnusiy January and July and are 10 De
rnteed by adorseent each bond for due payment OF
principal and interest by tho Acson Topeka and sane
Railroad COMPANY the St. Louis and San Francisco ~
Company the half by each COMPANY Shn
70 be secured by the deposit trst By such Two oo'
panies with The sTcanto Trust Company OF
the bonds ioE which the bonds 10 be gwen III "
change.
The necessity for making this proposal TO the bondhoos
has long received the nj consideration Of the nre o
panies and urgent The adTisabty Of s acceptance
The part Of tho boEdhoder viii be evident from me 'o
lowing statements:
Notwithstanding the Establishment Of anew through Trans
continental line the Atlantic and Pacific Railroad Do
tween the sssspp and Missouri and the racine
Coast by Pacific Railroad Company
and also by tire pleon Of tho California ~ uhen n
road connection the Atlantic and Paeihc road inc
expectations or the inception Of the
enterprise realized satisfactory doee
fulfilled This has been 20 which could not oe
oroseea Delays occurred while the ces er
eeeded depression in business nss
low rates hkVe
prevasd the result Of all the Of the Az
laDtc and Pacific road have this been wholly
Insufficient fixed chargeA although The interes
upon Its bonds has guariy paid The funds or tn
purpose. and pay the fixed charges OF th
company. have been from time TO time advanced BY th
Atchson Topeka and Fe and the Louis and sal
Francisco companies because OF their large respective I'D
and their confidence In the ultimate
of this railroad The obligations o. those com
panies Of Atlantic and
Pcic lond issued vance TO The extent OF only
Is cent Of the earnings derive them rom the
the road Of the Atlantic and Pacific Company and
their made only loans which 70 be repaid
with In soveGcy of the
Atlantic and Pacific Company and In tie hope OF better
results in IN. the Atch.son ami San francisco
companies have already advanced largely in excess
OF their obligations under traffic but the time
has when snGh assistance be longer eIpecis
and the panies notice that viii not be
CONTINUED They have however. ag eed that the new
basis proposed each viii absolutely guarantee The
payment onea Of the Principal and Interest At per
OF tho pany existing Indebtedness # the
bo7hodrrs will such guarantee and IN consideration
thereof -rcbanre tire existing ponds Of ih company
The plan has already been acquiesced and approved oy
holders bonds and in Its sarcess
contingent Dcecmher a. 1856
OF tile bodsrs Of maturity II such IL not
obtain ID by thai time will that plan Ia DOT
aoeep 10 the bOn hsers the option Of either co
pany may be aban iosed In that cannot BE- expected
that any other plan be presented advantageous to tie
bondhoers as that Drpo-et that other way
can they 50 effect Aiy protect their interests
The new Per Cent Bo.ds guaranteed to principal
ali advantages stated ought he
highly regarded for Investment and command
ket value Approximate Of approved
securities OF ike character.
BY the deposit In trust OF the existing bonds 70 the
extent thai they exchanged s-cnry Of the lien Of tie
present. mortgages ali TIE property Will contnne isr
benefit OF the holders o. the bon,is
The Mercantile Trust COMPANY yew-York be the
Trustee under ast nienturo madr by comps
ni-s the bonds. which viii
henticated by and copy OF the thers
The said Trus; Company a New-York. and
Messrs S-igman d ststtheimer Frankfurto-8,
wur,temberrsehe verensbank. Stuttgart
Rheinisohe credItbank aanLh.in
Filisle der RhenIschen crsdltnsnk. Karfsruhe
FIlisle der Rheinisohen Credirbank. Heidelberg.
Filisle def ieinschen creiitbank. Con-anz
TIliAIe dsT i.Aeinschea Credltbank- ErelbargL-B.,
Alsberg. Goldberg Il Co.. Alnsterdzm.
will be prepared holders present bonds
the deposit a. the with coupons be
changed stated THE MERCANTILE TRUST COM
PANY or NEw-YoRE. Ms-sRs KIDDER PEABODY
q Co. OF BOSTON. and the Frankfurter Bank Frank
furto NJ, Il eivs Temporary receipts which VIII be ex
ehangeable Tor new bonds soon ready.
Division bond deposited they VIII
cash and for interest and for each Central d.
sI3 80 and for and
proposed bearing
bonds coupons annexed. but
vision made for their registration and the
they ready for dsyey.
issued holder bonds
a. Is they be duy prepared.
Applications viii be have the Guaranteed Trust
placed regular list Of the New stock
also admitted for dealings at the Exchanges
abroad.
BY order Board
II. C. MUTT, President
EDWARD 2. wISsLow. President
ST LOUIS and san Francisco Railway Company.
Approved:
WILLIAM B. STRONG President
p Rafir