New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-28
The proposed exchanges OF Sc
cUrftIes are as follows:

Holders Of the CONSOLIDATED MORTGAGE SEVEN
PER CENT BONDS VIII receive nftyyear five per ce CEN.
bonds principal and Interest payable In gold with po
OF Interest years al. other bonds Inc noi
gage securing these bonds Ia b be the first lieu OIL wv
property securing the Consolidated Sevens AHea'S
Of Interest n be paid a. follows
Three and onehaE per cent. Zone coupon in cash Oh
the deposit Of the bond.
and one half per coupcn) IN Tour PC
cent gold bonds
For the balance Of the interest l. 1890 four
teen per Of the principal Of the said bonds zone nun
dred and forty dollars each bomb shall be paid III ho
per cent? preferred stock -,
holders Of GENERAL CONSOLIDATED MORT
GAGE SIX and FIVE PER GENT. BONDS viii receive
hny-year four per cent bonds. principal ana h'''s
payable gold. The skies 70 be exchanged dollar ioI
dollar and nves at 90 cents for each dollar Inv
mortgage securing be the first lien on e
property securing the consolidated Skies and f'eS
Arrears OF interest June 1. 1880. to be pla III
Five PER cent preferred stock, dollar for dollar
The present OF the company pays an assessment
Of SEVEN DOLLARS AND ONEIALF az 5U Oct
share for which t. receives the said Five per cent Ic
ferred stock. -Four dollars share to be paid on OF
before the 23d day December 1889, and the remaining
three and ono-ho dollars the call Of the committee
THE COMMON STOCK is exchanged Tor ne" coniiO'
stock.
The issues OF these bonds under reorganization are as
FIVE PER CENT BoNDs................. s1s'o0Oooo
FOUR PER CENT BoNDS................... 2o'OoO'oo"
$40. OOO.ooo
FIVE PER CENT PREFERRED STOCK. slO'OOo'Ouo
COMMON STOCK '''"""'"'"
The amount required fixed charges on the pro-
posed new issue OF bonds will be s2'O74"%O' IH''
amount includes sJ1.32O interest on Bonneville Blidse
bonds. which not affected by the reorganization.
The average annual gross earnings OF the properly ifo'
1888 to 1887, inclusive, were S7,366,o1I'
The gross earning. for months and fifteen days Of
the present year. Jan. to Oct 10 arr so'o9'S
For the entire year they VIII amount 10 S1,3V9e''O'
tySo months nd One-half being estimated.
The proper expenditure Of the amount raised BY assess
men ard OF tn current earnings Will enable the railroad
beyond all question 70 earn sufficient 70 meet inc AA
charges above mentioned
The committee who agreed to conduct the reorgan
izatlon consists Of FREDERIC p. OLCOTr RICHARD
KING. HENRY W. POOR, HENRY BUDGE ana CoL"
GATE HOYT.
The selection Of Beard Of Directors to the
property FOR the three years is committed to them
We earnestly invite you examine the plan which Is
herewith and become party to the proposed
agreement by the deposit OF your bonds or the payment Vi
the assessment 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
this office.
BY ORDER OF THE
EXECUTIVE COMMITTEE OF
THE MISSOURI, KANSAS AND TEXAS RAILWAY
COMPANY.
H.K. ENOs, vicc-Presidcnt.
Dated NETWORK. Oct. %. 1889.
We have examined the plan submitted and approved
It's terms and gree conduct and the proposed
Dated NETWORK. Oct. %. 1880
FREDERIC p. OLCOTT,
President Central Trust Company.
RICHARD KING.
(Bank Of CommeTce)
HENRY w. POOR,
OF Poor { Greenougb Bankers
HENRY BUDGE,
Of Hallgartcn & Co., Bankers.
COLGATE HOfT,
Of James T. Colgate & Co.. Bankers.