New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-26
The proposed exchanges Of Sc.
Curities are rs follows:
And to Underlying Bondholders.
OFFICE OF THE MISSOURI. KANSAS AND TEXAS
RAILWAY COMPANY,

Holders OF the CONSOLIDATED MORTGAGE SEVEN
PER CENT BONDS viii receive hfty-year five per
bonds principal and interest payable IN gold. with priority
OF interest fo five years over al other bonds The mort
gage securing these bonds be the first lien the
property row securing the Consolidated Seyens Arrcan
OF interest n be paid follows:
Three and onehaf per cent. Zone coupon cash On
the deposit Of the bond.
Three and one.haf per tone coupon in four Do
cent gold bonds
For the balance OF the interest June l. $780, four.
per OF the principal OF the said bonds
dred forty dollars each bond shall be paid in Eve
per cent. preferred stock.
Holders OF GENERAL CONSOLIDATED MORT.
GAGE SIX and FIVE PER CENT BONDS will receive
nfy-year four per bonds. principal nieres,
payable in gold The skies TO be exchanged dJlar for
dollar and the Hyes 30 for each dollar The
mortgage securing these bonds DO the lien on The
property securing the consolidated Skies Elves
Arrears OF interest June l. 1880, be paid IN
Five per cent preferred stock dollar for dollar
The present stock OF the company pays assessment
OF SEVEN DOLLARS AND oNEHALF Cs7 5o) Der
share which receives the sad Five per cent Pre-
ferred stock. Four dollars share be paid on or
the 23d day Of December 1859, snd the remaining
three and onehaf dollars the call Of committee
THE COMMON STOCK is exchanged for common
stock.
these bonds under the reorganization arc
FIVE PER CENT BONDS ................. s1s,OOO,O
FOUR PER CENT BoNDS.................. 2s.00O.0O0
$4,000, geo
FIVE PER CENT PREFERRED STOCK. s10'O0O,OOo
COMMON 47OOO,OO0
The amount required fixed charges the pro-
posed new issue OF bonds will be s2O7i,32O. This
amount includes sji.320 interest," Bonneville Bridge
bonds, which affected BY the reorganization.
The annual earnings Of the property from
1898 to 1887, inclusive were s7,366'537.
The gross earnings for months and fifteen days Of
the present year, jan l q oct Is. are s5J59.s3O.
For the entire year they will amount 70 s7,3O9soo'
two months and half being estimated
The proper expenditure the raised by assess
and Of the culea earnings VIII enable the rairosd
beyond all question, 70 earn sufficient 10 meet the nAea
charges above mentioned
The committee who have agreed conduct the reorgan-
izaton consists Of FREDERIC p oLCoTT. RICHARD
KING. HENRY w. POOR. HENRY BULGE and coll
GATE HOYT
The selection Of Board Directors manage tbs
properv ,or the next three years committed them
We earnestly invite you examine the plan which IL
herewith submitted and become party % the proposed
by the deposit OF your bonds or the payment Of
the assessment your stock.
The CENTRAL TRUST COMPANY Of New YORK has
been designated the depository Of the Committee.
Copies Of the reorganization agreement be obtained
at this office.
BY ORDER OF THE
EXECUTIVE COMMITTEE OF
THE MISSOURI, KANSAS AND TEXAS RAILWAY
COMPANY.
H.K. ENOs, Vice Pre.id...
Dated NETWORK, Oct. o. 1889.
We have examined the plan submitted and approved
lis terms an gree conduct and the proposed
reorganization.
Dated NETWORK. Oct % 1889.
FREDERIC p. OLCOTT,
President Central Trust Company.
RICHARD KING
president National Bank OF Commercial
HENRY w. POOR.
OF Poor & Greenough, Bankers.
HENRY BULGE,
Of Hallearten Co.. Bankers
COLGATE UOGT,