New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-24
The proposed exchanges of Sc
Curities are as follows:

III pHopOsCN CACHdhSCs VI 81
curities are as follows:
Holders Of the CONSOLIDATED MORTGAGE SEVEN
PER CENT BONDS will receive nftyyear five per cent
bonds principal and Interest payable gold with priority
oil interest for five years over all other bonds The mort
gage securing these bonds be the first lien the
property securing the Consolidated seyens Arrears
OF Interest % be paid as follows:
Three and one-halt per cent Zone coupon in cash
the deposit Of the bond
Three and onehaf per cent. Zone coupon) in per
gold bonds
For the balance OF the interest 70 June l. $780, four
teen per OF principal the said bonds in five
per cent. preferred stock.
Holders OF GENERAL CONSOLIDATED MORT.
GAGE SIX and FIVE PER CENT BONDS will receive
hfy-yoar four per cent bonds principal and interest
payable in gold. The skies Be exchanged dollar for
dollar and the nyes OF 90 cents for each dollar. The
mortgage securing bonds be first Hen on
property securing the consolidated Skies AMI Elves
Arrears Of interest to June l. $780, be paid in
Five Per cent preferred stock, dollar for dollar.
The present stock Of the pays assessment
OF SEVEN DOLLARS AND oNE-HALF (s7 5O per
SHARE for which It receives the said Five per Pre-
ferred stock. Four dollars a share to be paid on OF
before the 23l day Of December 1882 and the remaining
three and one-haf dollars the call OF the committee.
TIE COMMON STOCK is exchanged for common
stock
The Issues OF these bonds under the reorganization are as
follows
FIVE PER CENT BoNDs.................s $4,000, 900
FOUR PER CENT BoNDS................... 2s.0O0,OOO
$4,000, 900
FIVE PER CENT PREFERRED STOCK. s10,o0O,o00
COMMON 47,O00,O00
The required to meet fixed charges on the pro-
posed new issue Of bonds will be S2,O7i32O. This
amount includes S5i,32O Interest on Bonneville Bridge
bonds which are not affected by the reorganization.
average annual earnings of the property from
1883 to 1887 inclusive were s7,366,5o7.
gross earnings for months and fifteen days OF
the present year, Jan 1 t. oct 10. are S5.559,S30
For he entire wear 81, 309,S0O,
two months and one.half being estimated.
The proper expenditure the raised by
ment and OF earnings will enable the railroad
beyond all question to earn sufficient meet the fixed
charges above mentioned
The committee who have agreed to conduct the reogan
lzaton consists of FREDERIC p OLCOTT. RICHARD
KING. HENRY W. POOR, HENRY BULGE and COL
GATE HOYT.
The selection Of a Board OF Directors 10 manage the
property for the three years is committed to them
We earnestly invite you to examine the plan which is
herewith submitted and become party TO the proposed
by the deposit OF your bonds the payment Of
the assessment on your stock
The CENTRAL TRUST COMPANY OF New.York has
been desiqnatei as 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. Prcsident.
Dated NETWORK. Oct. 90, 1889
We have examined the plan submitted and approved
lis terms nd gree 10 conduct and manage the proposed
reorganization.
Dated NEw.YoRK Oct. 90, 1889.
FREDERIC p. OLCOTT,
President Central Trust Company.
RICHARD KING.
tpre.ldant National Bank OF Commerce)
HENRY W. POOR,
Of Poor & Greenough, Bankers
HENRY BULGE,
Of IIallgarten Co., Bankers.
COLGATE HONT
NJ lanes H. Colgate & Co., Bankers.