New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-25
OFFICE OF THE MISSOURI. KANSAS AND TEXAS
RAILWAY COMPANY,
The proposed exchanges OF Sc.
cturities are as follows:

Holders Of the CONSOLIDATED MORTGAGE SEVEN
PER CENT BONDS will receive 1fty-year five per cent
bonds principal and interest payable in gold with priority
OF five years al other bonds The mort
gage securing these bonds s 30 be the frat Lien on the
property now securing the Consolidated sevenA Arrears
OF interest 10 be paid as follows;
Three aud onc.hsl per cent. tcnc coupon In cash
the deposit Of the bond.
Three and one-haf per cct tene csupon) Ia four per
cent gold bonds
For the balance OF the interest TO June l. $780,
per cont Of the principal Of the said bonds In nvs
per cent preferred stock.
Holders Of GENERAL CONSOLIDATED MORT
GAGE SIX and FIVE PER CENT. BONDS will receive
y-year four cent bonds, principal and interest
payable gold. The skies to be exchanged dollar for
dollar and the fyes AZ 90 cents for each dollar. The
mortgage securing these bonds to be the first Ten
property securing the consolidated Skies and Elves.
Arrears Of interest to June /. 1890, to be paid In
Five per cent preferred stock dollar for dollar.
IRE present stock OF the company pays
Of SEVEN DOLLARS AND oNE.HALF ts7 5o) per
share which 1t receives the sad Five per cent Pre-
ferred stock. Four dollars share to be paid on or
the 2Sa day Of December 1885, and the remaining
three and oneha dollars on the cal! Of the committee
THE COMMON STOCK is exchanged for common
stock.
The issues of bonds reorganization
FIVE PER CENT BoNDs............... $4,000, 900
FOUR PER CENT BoNDs.".......". 2s.00o.00o
sl8. 600, 900
FIVE PER CENT PREFERRED STOCK. sI0.UOO,OOO
COMMON STOCK Observation-Disclosures. 47.O0U,00O
The amount required fixed charges on the pro-
posed Issue of bonds will be s2,O7a,320' This
amount includes S54 800 Interest on Bonneville Bridge
bond hich are not affected by the reoresni, alton.
The rage gross earnings OF the property from
1888 to 1887 inclusive were s7366,oo7.
The gross earnings for nine months ana hfteen Gays oil
the present year, Jan 1 to Oct Is, are So,039.S3O.
For entire year they Will amount TO S5,3oS,ooV
two months and one half being estimated.
The proper expenditure Of raised by assess
ment and Of the current will enable tho Railroad
beyond all question, 10 earn sufficient 70 meet the hhee
charges above mentioned
The committee who agreed n conduct the reorssn
,aton consists Of FREDERIC 7. oLCoTT. RICHARD
KING HENRY w. POOR, HENRY BULGE and COL
GATE HoYT.
The selection OF A Board Of Directors TO manage the
property for the next years IL committed to them
We earnestly invite you To examine the plan which Ia
herewith submitted and party 10 the proposed
by deposit Of bonds the payment Of
the assessment IN your stock.
The CENTRAL TRUST COMPANY Of New-York has
been designated the depository of the Committee
Copies Of the reorganization agreement can be obtained
at this office.
BY ORDER OF THE
EXECUTIVE COMMITTEE OF
THE MISSOURI. KANSAS AND TEXAS RAILWAY
COMPANY.
H.K. ENOs, vice-Presidcut.
Dated NETWORK. Oct %, 1889.
We have examined the plan submitted and approved
lis terms and gree the proposed
reorganization.
Dated NETWORK, Oct. %. 1882
FREDERIC p. OLCOTT.
President Central Trust Company.
RICHARD KING.
president National Bank OF Commefce)
HENRY w. POOR.
Poor & Greenough, Bankers
HENRY BULGE,
OF Hagsrten & Co., Bankers
COLGATE HOST,
of James b. Colgate e. Co., Bankers.